Running a small business is hard enough—why make it worse by handing over more cash to the IRS than you have to? The truth is, too many business owners leave money on the table because they’re not taking advantage of deductions they legally deserve.
Let’s start with the home office deduction. If you’ve got a space in your house that’s actually for work (not just where your cat naps while you’re on Zoom), you might be able to write it off. Same with business mileage, software you pay for monthly but barely think about, and yes, even part of your phone bill if you’re fielding work calls on it. And here’s one that new entrepreneurs totally miss: start-up costs. That pre-launch spending spree on branding, training, or getting your website up? Don’t just shrug it off. It might be deductible.
Oh, and one more thing—retirement contributions. You’re the boss. You don’t get a company 401(k). So why not stash some cash for Future You and reduce your tax bill while you’re at it?
Bottom line? If your bookkeeping’s a mess and you only think about taxes when April rolls around, you’re setting money on fire. At DanG Financial, we don’t do cookie-cutter advice or once-a-year panic mode. We help business owners get smart, get organized, and keep more of what they earn—because frankly, you’ve worked too damn hard to give it all away.