Business Tax Planning

The Most Overlooked Tax Deductions for Small Business Owners

The Most Overlooked Tax Deductions for Small Business Owners

The Most Overlooked Tax Deductions for Small Business Owners

Many small business owners miss out on legitimate tax deductions simply because they’re unaware they exist or assume they don’t qualify. Overlooking these opportunities could mean leaving thousands of dollars on the table each year.

Here are some of the most commonly missed deductions worth revisiting before tax season:

1. Home Office Deduction

If you use part of your home regularly and exclusively for your business, you may be eligible for a home office deduction—even if you rent. You can deduct a portion of rent, utilities, internet, and more.

2. Business Use of Your Car

You may deduct actual expenses or use the IRS standard mileage rate (67 cents per mile in 2025). Just make sure to keep a clear mileage log.

3. Health Insurance Premiums

If you’re self-employed, you may be able to deduct 100% of your health insurance premiums (including your spouse and dependents), even if you don’t itemize.

4. Business Meals & Travel

Meals with clients, travel to conferences, and hotel stays for business purposes are deductible if properly documented. Just be sure the primary purpose of the trip was business.

5. Continuing Education

Courses, workshops, and certifications related to your profession can be deducted. This includes online learning platforms if used for business purposes.

6. Software and Subscriptions

QuickBooks, Microsoft 365, CRM tools, and even tax software can be deducted if used for business operations.

7. Bank and Payment Processing Fees

Monthly service charges, Stripe/PayPal fees, and even credit card interest on business purchases are all deductible.

Don’t Leave Money on the Table

Many business owners overpay simply because they don’t track expenses or ask the right questions. A quick review with a tax professional can uncover missed deductions that make a big difference.

Let’s Review Your Tax Deductions At Ledger Pro, we specialize in helping entrepreneurs and small businesses maximize deductions and stay compliant.

📞 Call: (954) 906-0445 🌐 Visit: www.ledgerpro.net 📍 Virtual services available nationwide

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Andrew Galbraith

Andrew Galbraith

President

Andrew Galbraith, President of Ledger Pro Inc., is a seasoned accountant and QuickBooks ProAdvisor based in St. Petersburg, FL. With over 35 years of experience, Andrew specializes in providing tailored tax preparation, bookkeeping, and accounting services for individuals and small businesses. Known for his professionalism and accuracy, he is dedicated to helping clients streamline their financial processes and achieve their financial goals

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