Don't Ignore Small Deductions: The Hidden Tax Goldmine Every Small Business Misses

You know that feeling when you find a $20 bill in an old jacket pocket? That surprise money discovery might make your day, but what if there's potentially thousands of dollars sitting right under your nose – money you're legally entitled to keep, but you're unknowingly handing over to the IRS every year?

According to tax professionals, 90% of small business owners miss write-offs that could significantly reduce their tax burden. We're not talking about aggressive tax strategies or gray-area deductions – we're talking about legitimate, everyday expenses like coffee during client meetings, home internet used for business calls, and professional development courses that you're already paying for but forgetting to deduct.

From home office requirements most people get wrong to business meal rules everyone misunderstands, these "small" deductions compound quickly throughout the year, potentially costing you thousands in unnecessary tax payments.

Continue reading to discover the most commonly missed deductions and learn the simple systems that can help you capture every legitimate write-off...