The 5 Most Overlooked Tax Deductions For Small Businesses

The 5 Most Overlooked Tax Deductions For Small Businesses

There are so many write-offs that small businesses forget to take each year. That’s because neither the IRS nor most CPAs are going to remind you about these.

 “Of course, the IRS wouldn’t, but my CPA surely would… right?” Well, not exactly.

That’s because most CPAs are overbooked so they don’t really have the time to do extra work for their clients. They’d prefer to just collect the bare minimum financials from you so they can file your tax return and then move on to the next client. Now, of course, not all CPAs are like this. 

There are some who will go above and beyond and actually take the time to try and lower your taxes. But they are the exception, not the rule.  Therefore, if saving money on taxes is really important to you, then it’s up to you to ask the right questions.  

I have compiled a list of the 5 most common tax deductions that most small businesses forget to take. I encourage you to ask your CPA -- or whoever files your taxes -- about these.

Because the simple act of asking about them could save you thousands of dollars.