Put $500 - $1,000+ in your pocket every month!

 Whether you run a small home office or rent out commercial space, you can deduct the cost of furniture, supplies, and even a portion of your utility bills. 

 Office supplies are usually fully deductible in the year they are purchased.

From computers to specialized equipment, you can often deduct the full cost in the year of purchase or depreciate it over time.

Every dollar you spend to promote your business—from social media ads to website design—is fully deductible.

Fees paid to lawyers, accountants, consultants, and other professionals are deductible as business expenses. That includes this Tax Savings Program!

Use your personal vehicle for business? You may qualify to deduct either the actual expenses (gas, repairs) or the standard mileage rate for the business miles you drive.

Business travel expenses can often be tax-deductible for small businesses, provided the travel is directly related to business activities. It is important to keep proper documentation in order to deduct all your business related expenses.  When you travel for business purposes, you can deduct the cost of airfare, lodging, car rentals, and even a portion of your meals. 

When you're conducting business over a meal—whether you're dining with clients, employees, or partners—a portion of the cost can be deducted. 

Salaries, bonuses, and benefits you provide to employees, including health insurance and retirement plans, can be deducted.

Pay up to $14,600 per year at a 0% tax bracket, per child (2024 standard deduction for individual filers). Give an age appropriate job with written job description and keep a timecard.  This can lower your business's taxable income, while giving children an opportunity to work and contribute to a family run business.

A Health Reimbursement Arrangement (HRA) is a plan in which employees can be reimbursed by their employer for medical expenses they have incurred. This becomes an expense to the business and is therefore deductible by the employers.  If you are employing your spouse and / or kids, you can possibly deduct ALL of your families out of pocket medical expenses, if you structure your HRA plan correctly for your business. Our average client saves over $6,200 in taxes each year from just this one deduction alone. 

 Every penny saved through a tax deduction is one that can be reinvested into growing your business. Properly deducting business expenses allows you to:

• Keep More of What You Earn: Pay less in taxes and increase your cash flow.
• Reduce Taxable Income: Minimize the amount of income subject to taxes, potentially lowering your tax bracket.
• Invest in Growth: More savings means more capital to invest in employees, equipment, and innovation.

Navigating the world of business tax deductions can feel overwhelming, but you don’t have to go it alone. With the right advice and tools, you can unlock significant savings that empower your business to thrive.

Get Started Today:

• Understand which expenses qualify for deductions.
• Keep accurate and organized financial records.
• Work with a tax coach who can help you claim the deductions you're entitled to.

Don’t leave valuable tax deductions on the table. Reach out to our team today, and let’s explore the best strategies to save you money and reduce your tax burden this year.

Order our Tax Savings Program and start maximizing your deductions now!