Loeffelman CPA LLC

01/09/2026

"Does forming an LLC allow me to deduct more expenses?"

Short answer - No. An LLC is a legal structure, not a tax benefit. The IRS doesn't allow extra deductions just because you formed an LLC.

The IRS allows a business to deduct all expenses that are considered ordinary and necessary. If you are running a business, and incur expenses that are ordinary and necessary, you can deduct those on your tax return, whether or not you have an LLC.

Some things to keep in mind:
- The IRS wants you to keep your personal finances separate from your business finances. It's as easy as opening a small business checking account.
- Keep your receipts to document the business purpose.
- Keep track of your business and personal mileage.

Have questions? Reach out today - I'd be happy to assist!

Cathy Loeffelman, CPA
Loeffelman.CPA
(314) 651-1337
[email protected]

Call now to connect with business.

06/30/2025

Loeffelman.CPA – Your Small Business Tax Experts

Loeffelman.CPA specializes in individual & small business taxes & accounting services. We are dedicated to helping small business owners simplify their finances and maximize their tax savings.

Whether you’re a startup, a family-run business, or an established local brand, we’re here to take the stress out of taxes and accounting—so you can focus on what you do best: running your business.

We offer:
- Business tax preparation
- QuickBooks support
- Individual tax preparation
- Strategic planning for growth
- Personalized, responsive service

Let’s grow your business together. Reach out today to schedule a consultation!

📞 (314) 651-1337
📧 [email protected]
🌐 www.loeffelman.cpa