5 Common Tax Deductions Small Business Owners Overlook

Running a business means juggling a lot — clients, employees, operations, and yes…taxes. With everything going on, it’s easy to miss deductions that could lower your tax bill and keep more money in your pocket. Here are five of the most commonly overlooked deductions for small business owners:

1. Home Office Expenses

If you use part of your home exclusively for business, you may qualify for the home office deduction. This can include a portion of your mortgage or rent, utilities, and even internet costs.

2. Business Vehicle Use

Do you use your car for business errands, client meetings, or deliveries? Mileage and related expenses could be deductible. Just make sure you keep a detailed log to back it up.

3. Software and Subscriptions

Monthly fees for accounting software, project management tools, and even certain industry-specific apps often qualify as deductible business expenses.

4. Retirement Contributions

Contributing to a SEP IRA, SIMPLE IRA, or Solo 401(k) not only helps secure your future but also reduces taxable income today.

5. Professional Fees

From legal consultations to tax preparation services, professional fees you pay to keep your business running smoothly are generally deductible.

Final Thoughts

Every business is unique, and the deductions you qualify for depend on your situation. A small missed deduction today could mean hundreds or thousands left on the table.

That’s where we come in — at Grable CPA & Company, we help small business owners stay compliant, save money, and focus on what really matters: growing their business.

👉 Want to make sure you’re not missing deductions this year? Contact us today and let’s talk.