09/08/2026
Tip Tuesday 💡 | Top 3 Tax Deductions Small Business Owners Forget
As a small business owner, you're focused on growth, but don’t overlook these commonly forgotten deductions that could save you big come tax time:
1️⃣ Home Office Deduction
If you use a portion of your home exclusively and regularly for business, you may qualify for a home office deduction. This can include a percentage of your rent/mortgage, utilities, and even internet—just make sure it’s a dedicated space.
2️⃣ Mileage & Vehicle Expenses
Too many small business owners forget to track their business mileage! Whether you’re driving to client meetings, job sites, or the post office, those miles add up. Using a mileage tracking app can help make this deduction accurate and audit-ready.
3️⃣ Professional Services & Subcontractors
Hiring a freelance designer, marketing consultant, or even another bookkeeper? Those expenses are 100% deductible. Keep clear records of what you paid and the purpose of their work for your business.
Missing these deductions could mean leaving money on the table. Let LFG help you get every dollar you deserve. 💰✅