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The 3 Tax Deductions Most Business Owners Miss (Your Tax Preparer Won't Tell You These)

The 3 Tax Deductions Most Business Owners Miss (Your Tax Preparer Won't Tell You These)

August 29, 20254 min read

Last month, my client Jennifer found $14,700 in missed deductions.

Her tax preparer’s response? "I didn't know you could claim that."

If a professional tax preparer doesn't know, what chance do you have?

Today, I'm exposing the 3 biggest deductions that could save you thousands before year-end. Not 47. Not 7. Just the 3 that matter most.

Why Your Tax Preparer Stays Silent

Your preparer isn't evil. They're just not incentivized to save you money.

Think about it:

  • They get paid whether you save $0 or $10,000

  • They have 150+ clients during tax season

  • More deductions = more work = same pay

  • Their job is filing returns, not building wealth

When's the last time they called YOU with a tax-saving idea?

Exactly.

The $30,000 Reality Check

Missing these 3 deductions costs the average business owner $10,000/year.

  • Your tax rate: 30%

  • Annual overpayment: $3,000

  • 10 years in business: $30,000 gone

That's not just money. That's your freedom, security, and peace of mind.

Let's get it back.

Deduction #1: The Home Office Goldmine

Worth: $1,000-$5,000 annually

The Myth: "Home office deductions trigger audits!"

The Truth: Bad deductions trigger audits. Legitimate ones save you thousands.

What You're Missing: Most people claim their desk space. Wrong. Your home office deduction includes:

  • Percentage of rent/mortgage

  • Percentage of ALL utilities

  • Home insurance

  • Repairs and maintenance

  • Even cleaning services

The Two-Method Secret:

Option 1 - Simplified: $5 per square foot (max $1,500)

  • Pros: Easy, no receipts needed

  • Cons: Leaves money on the table

Option 2 - Actual Expenses: Business percentage of all home costs

  • Pros: Usually 3-5x bigger deduction

  • Cons: Requires documentation

Real Example: 200 sq ft office in 2,000 sq ft home = 10% business use

  • Annual rent: $24,000 x 10% = $2,400

  • Utilities: $3,600 x 10% = $360

  • Insurance: $1,200 x 10% = $120

  • Internet: $960 x 10% = $96

  • Total: $2,976 vs. $1,000 simplified

That's $1,976 extra. Every. Single. Year.

Your Action Today:

  1. Measure your office space

  2. Calculate both methods

  3. Choose the bigger number

  4. Stop leaving money on the table

Deduction #2: Your Car (The Hidden ATM)

Worth: $3,000-$10,000 annually

What You Think Counts: Client meetings

What Actually Counts:

  • Bank deposits (yes, even ATM runs)

  • Post office trips

  • Office supply runs

  • Networking events

  • Meeting your Tax preparer/attorney

  • Training seminars

  • Coffee shop "office" sessions

  • Staples/FedEx runs

  • Even driving to get business mail

The Shocking Math: 2025 rate: 65.5 cents per mile

What you're missing:

  • Daily bank run: 5 miles x 250 days = 1,250 miles = $818

  • Weekly supplies: 10 miles x 50 weeks = 500 miles = $327

  • Monthly networking: 30 miles x 12 = 360 miles = $235

  • Just these basics = $1,380

Most business owners only track "important" trips and miss 60% of deductible miles.

The Game-Changer: Download MileIQ or Everlance. Today. It tracks automatically. Average user finds 3,000 extra miles/year = $1,965 in deductions.

Standard vs. Actual Method:

  • Standard: 65.5 cents/mile (simple)

  • Actual: Track gas, insurance, repairs, depreciation (complex)

Rule: Expensive car? Use actual. Older car? Use standard.

Deduction #3: The "Invisible" Money Drain

Worth: $5,000-$15,000 annually

These are the deductions hiding in plain sight that add up to thousands:

Software Subscriptions (The Modern Gold):

  • QuickBooks: $500/year

  • Microsoft 365: $100/year

  • Adobe Creative: $600/year

  • Zoom: $150/year

  • Website hosting: $200/year

  • Email marketing: $300/year

  • Just these: $1,850/year

Insurance (The Big Miss): If you're self-employed, HEALTH INSURANCE premiums are 100% deductible:

  • Individual: $500/month = $6,000/year

  • Family: $1,250/month = $15,000/year

  • Plus dental, vision, long-term care

This isn't a business expense - it's an "above-the-line" deduction. You don't even need to itemize.

Professional Development:

  • Conferences: $2,000 + travel

  • Online courses: $500-$2,000

  • Coaching programs: $5,000-$15,000

  • Books/audiobooks: $500

  • Industry publications: $200

The Forgotten Fees:

  • Bank fees: $25/month = $300

  • Credit card processing: 2.5% of revenue

  • Professional memberships: $500-$2,000

  • Bad debts (yes, unpaid invoices)

  • Client gifts: $25/person (unlimited people)

The Compound Effect: Just 30 "small" forgotten deductions x $100 = $3,000/year you're missing.

The Bottom Line Truth

I just showed you 3 deductions worth $10,000-$30,000. These aren't aggressive strategies. They're not gray areas. They're legitimate deductions you're entitled to claim.

But here's the thing: These are just 3 of the 47 deductions most business owners miss.

Your tax person knows about them. They're just not telling you.

The Choice You Face

Option 1: Keep doing what you're doing. Keep overpaying. Keep hoping things change.

Option 2: Take control of your tax strategy.

The Ultimate Business Success Membership includes:

  • All 47 overlooked deductions (not just these 3)

  • Monthly tax strategy calls

  • Proactive planning (we find deductions FOR you)

  • Audit protection built in

  • Direct access to me, not a junior

Book now!

Because every day you wait is money the IRS keeps.

Stop donating. Start deducting.

Sharon Eason, CPA Your Proactive Tax Strategist

P.S. - Jennifer's final savings using all our strategies? $27,300. Her previous Tax preparer? Still doesn't understand how we did it. That's the difference between filing taxes and strategizing them.


Quick Test: Add up just these 3 deductions for your business. If it's over $5,000, you need a new tax strategy. Today.

Share this article: Every business owner deserves to know. They'll thank you when they see the savings.


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100 South Bedford Road, Suite 340, Mt. Kisco, New York 10549

(866) 721-5356