Top 5 Deductions Most Small Business Owners Miss

Jose’s Tax Service | Trusted. Transparent. Tax-Smart.

Introduction:

Running a small business is no small feat. Between managing employees, serving clients, and keeping operations smooth, taxes can often take a backseat. But here’s the deal: missing key deductions could cost your business thousands. At Jose’s Tax Service, we work with small business owners every day — and we see the same overlooked deductions again and again.

1. Home Office Deduction

If you use part of your home exclusively and regularly for your business, you may be eligible to deduct a portion of your rent, mortgage interest, utilities, and more.

✅ Bonus: You don’t need a separate room — just a dedicated workspace.

2. Mileage & Auto Expenses

Many business owners forget to track their mileage or vehicle expenses throughout the year. Whether you use the standard mileage rate or actual expense method, this deduction can add up fast — especially if you drive for client meetings, deliveries, or errands.

3. Phone and Internet Use

Do you use your personal cell phone or internet for business? You can deduct a reasonable percentage of those bills that directly support your business operations.

⚠️ Just be sure to document your business use with logs or invoices.

4. Professional Development

Courses, coaching programs, industry certifications, books, and even some travel costs for training are deductible if they relate to maintaining or improving your business skills.

5. Meals and Client Entertainment

You may deduct 50% of meals with clients, vendors, or business partners as long as the meeting has a business purpose. This also includes meals while traveling for business.

Common Mistake: Not Keeping Receipts

IRS rules require you to substantiate deductions, especially for meals, travel, and auto expenses. That means keep those receipts and track the business purpose of each expense.

How Jose’s Tax Service Helps Small Businesses

At Jose’s Tax Service, we go beyond basic tax prep. We help you:

✅ Identify all eligible deductions

✅ Maintain proper records for IRS compliance

✅ Create a tax strategy tailored to your business goals

✅ Maximize savings and reduce audit risk

Real Results, Real Clients

“Jose found over $2,400 in missed deductions my old accountant never mentioned. As a solopreneur, that made a huge difference!”
— T. Alvarez, Consultant, NY

Don’t Leave Money on the Table

Let’s uncover what deductions you may be missing — and get your business tax-smart today.

📞 Call us at 475-254-9373

📍 Based in New Haven, CT — Serving virtually nationwide

🌐 Book online at Josestaxservice.com

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