09/11/2026
๐ฐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐: ๐๐ซ๐ ๐ฒ๐จ๐ฎ ๐ฅ๐๐๐ฏ๐ข๐ง๐ ๐ญ๐๐ฑ ๐๐๐๐ฎ๐๐ญ๐ข๐จ๐ง๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐ญ๐๐๐ฅ๐?
One thing I see as a bookkeeper is business owners working hard to make moneyโฆ but not always keeping track of all the expenses that may help reduce their taxable business income.
A few commonly overlooked expenses may include:
๐งพ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐ฆ๐ข๐ฅ๐๐๐ ๐ โ Those trips to meet clients, pick up supplies, visit job sites, or handle other business errands can add up.
๐ฑ ๐๐ก๐จ๐ง๐ & ๐ข๐ง๐ญ๐๐ซ๐ง๐๐ญ โ If you use your personal phone or home internet for business, the business-use portion may be deductible.
๐ ๐๐จ๐ฆ๐ ๐จ๐๐๐ข๐๐ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐๐ฌ โ If you have a qualifying space in your home used regularly and exclusively for business, you may be eligible for a home-office deduction.
๐ป ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ & ๐ฌ๐ฎ๐๐ฌ๐๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง๐ฌ โ Accounting software, scheduling programs, design tools, cloud storage, and other subscriptions used for your business can easily get overlooked.
๐ ๐๐๐ฎ๐๐๐ญ๐ข๐จ๐ง & ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ โ Certain courses, training, books, and continuing education related to your current business may qualify as business expenses.
๐ฆ ๐๐๐ง๐ค ๐๐ง๐ ๐ฉ๐๐ฒ๐ฆ๐๐ง๐ญ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐ง๐ ๐๐๐๐ฌโ Business bank fees and fees charged by payment processors are expenses worth tracking.
๐ฃ ๐๐๐ฏ๐๐ซ๐ญ๐ข๐ฌ๐ข๐ง๐ & ๐ฆ๐๐ซ๐ค๐๐ญ๐ข๐ง๐ โ Business cards, website costs, online advertising, signs, and other ordinary marketing expenses may be deductible.
๐ ๏ธ๐๐จ๐จ๐ฅ๐ฌ, ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐๐ฌ & ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ โ Depending on your business, those smaller purchases throughout the year can become a significant amount.
Hereโs the important part:
๐ ๐ญ๐๐ฑ ๐๐๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ข๐ฌ๐งโ๐ญ ๐ฏ๐๐ซ๐ฒ ๐ก๐๐ฅ๐ฉ๐๐ฎ๐ฅ ๐ข๐ ๐ฒ๐จ๐ฎ ๐๐จ๐งโ๐ญ ๐ก๐๐ฏ๐ ๐ ๐จ๐จ๐ ๐ซ๐๐๐จ๐ซ๐๐ฌ ๐ญ๐จ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐ข๐ญ.
Thatโs one of the reasons bookkeeping is about so much more than entering transactions. Good bookkeeping helps you understand where your money is going, keeps your records organized, and gives your tax professional better information when itโs time to prepare your return.
๐ ๐๐จ๐งโ๐ญ ๐ฐ๐๐ข๐ญ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐ญ๐๐ฑ ๐ฌ๐๐๐ฌ๐จ๐ง ๐ญ๐จ ๐๐ข๐ ๐ฎ๐ซ๐ ๐จ๐ฎ๐ญ ๐ฐ๐ก๐๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฆ๐จ๐ง๐๐ฒ ๐ฐ๐๐ง๐ญ. ๐๐๐๐ฉ ๐๐ฅ๐๐๐ง ๐๐จ๐จ๐ค๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ฒ๐๐๐ซ.
Need help getting your bookkeeping organized? Send me a message! Iโd love to talk about how professional bookkeeping can help your small business. ๐ปโจ
Tax rules vary by business and situation. Always consult a qualified tax professional regarding which deductions apply to you.