Expenses Business Owners Are Afraid to Deduct, But Probably Should

Expenses that business owners are afraid to deduct can quietly lead to overpaying taxes year after year.

Most business owners aren’t trying to cheat the system. They’re trying to avoid doing something wrong. So instead of asking whether an expense is legitimate and learning how to document it properly, they skip it altogether.

They avoid the meal expense. They ignore the home office. They don’t track vehicle use. They pay for software, coaching, education, and other business-related costs, but never stop to ask whether those expenses should be deducted.

That might feel safe in the moment, but it can cost you.

The goal isn’t to be aggressive with deductions. The goal is to be accurate. If an expense is legitimate, tied to your business, and properly documented, you shouldn’t automatically ignore it out of fear.

You should understand how it works, what records you need, and how to support it correctly.

In this blog, we’ll cover why fear causes business owners to overpay taxes, what makes a business expense deductible, which common expenses owners are afraid to claim, and how proper documentation can help you deduct with more confidence.

What Makes a Business Expense Deductible?

The IRS business expense guide points readers to the main IRS resources for deducting business expenses. The basic rule for business expenses is that the expense should be ordinary and necessary for your business. 

Ordinary Expenses

Ordinary means the expense is common in your type of business. Software may be ordinary for an online business. Tools may be ordinary for a contractor. Coaching or continuing education may be ordinary for a consultant, service provider, or business owner who needs to maintain or improve skills in the business.

Necessary Expenses

Necessary means the expense helps your business operate, grow, or function properly. It doesn’t mean the expense has to be absolutely required for survival. It means there should be a real business purpose behind it.

This is where business owners need to shift the question.

The question isn’t, “Can I get away with this?” The better question is, “Can I support this deduction?”

That shift matters because a deduction is much stronger when you can explain what the expense was, why it was connected to your business, and how it helped your business operate or grow.

Common Expenses Business Owners Are Afraid to Deduct

Many of the expenses business owners are afraid to deduct fall into categories where business and personal life can overlap. That’s why they feel risky. Meals, travel, home office expenses, vehicle expenses, software, education, coaching, and family payroll can all raise questions if they’re handled carelessly. But that doesn’t mean they’re automatically off limits.

The issue isn’t just the category of expense. The issue is whether the expense has a clear business purpose and whether you have the records to support it.

Meals, Travel, and Blended Business Expenses

Meals and travel are two areas where business owners often hesitate. They wonder if a business lunch is really deductible. They’re not sure if a trip counts as business travel. They worry that anything involving food, hotels, flights, or networking will look suspicious.

But meals and travel can be legitimate business expenses when there’s a real business purpose.

A meal may be connected to a client meeting, business discussion, networking opportunity, or vendor relationship. Travel may be connected to a conference, industry event, client work, or another business need.

The key is to separate the business activity from the personal activity. If a trip is primarily personal, you can’t simply call the whole thing business. If a meal has no business purpose, it shouldn’t be treated like one. But if the expense is connected to real business activity, it may be worth reviewing.

This is where documentation matters. Don’t rely on memory. Write down who was there, what was discussed, where it happened, when it happened, and why it was business related.

That kind of record helps turn a questionable expense into one you can actually support.

Technology, Software, and Small Recurring Expenses

Some deductions are missed because they seem too small. A monthly software subscription, phone bill, internet cost, Zoom account, cloud storage plan, AI tool, project management software, or office equipment purchase may not feel significant on its own.

But small recurring expenses can add up quickly.

A $30 tool might not seem worth thinking about. But if you have several tools repeating every month across the entire year, those expenses can become meaningful.

Many business owners skip these deductions because the expense feels small or because there’s some personal use mixed in. That doesn’t always mean the deduction should be ignored.

It means you need to determine the business-use portion and document it properly. If your phone, internet, computer, or software is used partly for business and partly for personal reasons, you need a reasonable way to separate and support the business portion.

The mistake isn’t being careful. The mistake is ignoring the expense completely without reviewing whether part of it belongs in the business.

Home Office, Vehicle Use, and Professional Development

Home office expenses are still one of the most feared deductions for business owners. Many people still believe that claiming a home office automatically waves a red flag, but for many self-employed business owners, the home office deduction can be completely legitimate.

The IRS explains that eligible home office space generally must be used regularly and exclusively for business. A dining room table used by the whole family is different from a dedicated office or defined workspace used for business.

If you have a space in your home that meets the requirements, the deduction may allow you to allocate a portion of certain housing-related costs to the business. The IRS states the simplified option is $5 per square foot, up to 300 square feet.

Vehicle expenses are another area where business owners either miss the deduction or get too sloppy. If you use your vehicle for business, there may be a real deduction available, but you need records. The IRS updates mileage rates for business, medical, moving, and charitable purposes.

That means tracking where you went, why you went, and how the trip connected to your business. It also means understanding the difference between commuting and business travel.

Driving from home to a regular office is generally commuting. But driving from one business location to another, from a home office to a client meeting, or from your office to a business errand may be different depending on the facts.

Professional development is another category business owners often overlook. Courses, coaching, masterminds, certifications, industry events, and training can all be legitimate when they help maintain or improve skills related to your current business.

The business connection matters. If the education or training is tied to your business and helps you improve what you already do, it may be worth reviewing. But again, the intent and the records matter.

Paying Your Kids or Family Members

Paying your kids or family members is one of those strategies many business owners assume is too aggressive. But it can be legitimate when done correctly.

If a family member is doing real work for your business, paying them may be a valid business expense. For example, a child may help with age-appropriate tasks, admin work, content support, cleaning, filing, organizing, or other real business activities.

The work must be real, the pay should be reasonable, and the process should be documented.

This is where business owners need to be careful. A legitimate strategy can create problems if it’s implemented poorly.

If you pay your child but there’s no record of the work performed, no reasonable compensation, and no real process, that’s weak. But if the work is real, the pay makes sense, and the records are clean, the strategy may be worth considering.

The same principle applies across deductions. The strategy isn’t usually the problem. The implementation is what matters.

Documentation Is What Gives You Confidence

The real audit trigger isn’t always the deduction itself. Often, the bigger problem is weak documentation.

Poor bookkeeping, missing receipts, no mileage logs, no notes explaining the business purpose, and no separation between personal and business activity can all create problems. So can a lack of proof showing who was involved, what happened, or why the expense was connected to the business.

If you’re audited three years from now, you may not remember what a specific meal was for. You may not remember why you took a certain trip. You may not remember which client you met with or what business purpose was discussed.

That’s why documentation should happen when the expense happens.

A simple framework is to track who, what, where, when, and why. Who was involved? What was the expense? Where did it happen? When did it happen? Why was it business related?

For meals, write down who attended and what was discussed. For travel, keep the itinerary, receipts, event details, and business purpose. For mileage, track the date, destination, business reason, and miles driven.

For education, keep records showing how the course, event, or coaching connects to your current business.

You don’t need to be reckless. You need to be organized.

Use the Auditor Sniff Test

When you’re unsure about an expense, use what Mike calls the auditor sniff test.

Imagine sitting across from an auditor and explaining why the expense was business related. Could you explain it clearly? Could you explain why it was ordinary and necessary for your business? Could you show the documentation?

If the answer is yes, you’re in a much stronger position.

If the answer is no, that doesn’t always mean the expense is automatically wrong. But it does mean you should slow down, review the facts, and make sure you’re not relying on guesswork.

The goal is to claim what’s legitimate, not to force a deduction that doesn’t belong.

Conservative Does Not Always Mean Smart

A lot of business owners say they’re conservative with taxes. That can be good, but conservative should mean accurate and well-documented. It shouldn’t mean uninformed.

If you skip every deduction that feels unfamiliar, you may be paying more than legally required. That’s not a strategy. That’s fear.

The IRS doesn’t reward you for giving them extra money.

The tax code includes deductions and incentives for legitimate business activity. Your job isn’t to avoid every opportunity. Your job is to understand which opportunities apply, use them correctly, and document them properly.

That’s the difference between being aggressive and being accurate. Aggressive means forcing deductions that don’t fit. Accurate means claiming deductions you’re legally entitled to take and supporting them with clean records.

The Bottom Line

Expenses business owners are afraid to deduct shouldn’t be ignored automatically.

Many business owners lose money not because they’re doing anything wrong, but because they’re too afraid to claim what they’re actually allowed to deduct.

The real question isn’t whether a deduction feels scary. The real question is whether the expense is ordinary, necessary, connected to your business, and properly documented. If it is, it deserves a closer look.

Don’t ask, “Can I get away with this?” Ask, “Can I support this deduction?” That’s how you stop underclaiming, stop overpaying, and start deducting with more confidence.

🚀 Want help identifying which deductions apply to your business and how to document them the right way? Connect with our team at TaxElm and start building a tax strategy that helps you legally lower your tax bill.

Frequently Asked Questions

What expenses are business owners afraid to deduct?

Business owners are often afraid to deduct meals, travel, home office expenses, vehicle use, software, subscriptions, education, coaching, and payments to family members. These expenses may be legitimate when they have a clear business purpose and proper documentation.

What makes a business expense deductible?

A business expense generally needs to be ordinary and necessary. Ordinary means it’s common for your type of business. Necessary means it helps your business operate, grow, or function properly.

Does claiming deductions increase my risk of an IRS audit?

A deduction itself is not always the problem. The bigger issue is usually weak documentation, poor bookkeeping, missing receipts, or no clear business purpose. Strong records help support your deductions if they’re ever questioned.

Can I deduct meals and travel for my business?

Meals and travel may be deductible when they’re connected to a real business purpose. Examples include client meetings, conferences, networking events, industry events, or business-related trips. The key is separating personal activity from business activity and documenting the purpose.

Can I deduct my home office?

You may be able to deduct a home office if the space is used regularly and exclusively for business. A dedicated office or defined workspace is different from a shared dining table or general household area.

Can I deduct vehicle expenses for my business?

Vehicle expenses may be deductible when the vehicle is used for business. You need to track mileage, business purpose, dates, destinations, and business-use percentage. Commuting is generally not the same as deductible business travel.

Can I deduct coaching, courses, or professional development?

Coaching, courses, masterminds, certifications, training, and industry events may be deductible when they help maintain or improve skills related to your current business.

Can I pay my kids through my business?

Paying your kids may be a legitimate business strategy when they perform real work, the pay is reasonable, and the process is properly documented. The work should be age-appropriate and connected to the business.

What documentation should I keep for business deductions?

Track who, what, where, when, and why. Keep receipts, mileage logs, notes about business purpose, invoices, payment records, and any supporting details that show how the expense connects to your business.

What’s the safest way to claim business deductions?

The safest approach is to claim legitimate expenses that are ordinary, necessary, tied to your business, and properly documented. The goal is not to be aggressive. The goal is to be accurate.

Transcription

The Two Ways Business Owners Overpay Tax: Fear vs. Disorganization

[00:00:00] There are two ways business owners overpaying tax. One is obvious. They miss deductions because they’re disorganized, but the second one is sneakier and way more common. They know the expenses might qualify, but they’re scared to take it. They don’t wanna be audited, they don’t want to push it. So they play small, stay conservative and quietly hand the iris more money than they legally owe.

Today we’re breaking down the business expenses. Owners are afraid to deduct, but in many cases they absolutely should.

 To start out, I wanna talk about the real problem. The real problem isn’t greed, it’s simply fear. Most business owners, they’re not trying to cheat the system. They’re trying to avoid doing something wrong.

Understanding the Tax Code as an Incentive

So they default to under claiming instead of [00:01:00] documenting properly. The result is that they overpay taxes year after year, after year. And whenever I’m talking. To business owners. I always talk about the tax code and what the tax code was written for. And the tax code is really just an incentivization piece.

And the reason for that is, is that we’re not a communist country. So the government doesn’t want to take care of doing all these different things under the government umbrella. They want their citizens to do it. And so how do they get their citizens to do it, to take action? They incentivize them and they incentivize ’em through the tax code.

So let’s go through some examples of this in tax code as an incentivization. Think of it like this way, the government wants affordable housing, but they don’t want to build it. So what do they do? They incentivize people who build affordable housing, who build apartment convicts. There’s an a tax incentive to build that.

The government wants their citizens to be employed, but they don’t want to employ all their citizens. Again, this is into communist country. So what do they do? They incentivize people to be business owners who are then gonna hire. [00:02:00] Employees. The government wants a nice growing good economy. So what do they do?

They incentivize people to become business owners. And so our goal is to just understand that piece. And once you have that mindset of all these different things that are written in the tax code, they’re there for one reason. The government wants something, they can’t do it themselves or they don’t want to do it themselves.

So they get their citizens to do it. And the way they get their citizens to do it is by incentivizing them through tax breaks. And we’re here to help learn those tax incentives to help learn the tax code and then implement them properly. The tax code rewards legitimate business activity, but only if you do it right and you need to know how to substantiate it.

And that’s what we talk about. That’s our goal. That’s my goal here on our podcast and Tax Home in everything we do, is to not only understand what strategies are out there, but how do we properly implement them to make sure that we’re doing them correctly. We’re making sure that we’re doing them. Under the law and make sure that we’re doing them legally.

The “Ordinary and Necessary” Filter for Deductions

So when we talk [00:03:00] about business expenses, ordinary and necessary is the filter. And we always wanna frame deductions around this basic principle, is the expense ordinary and necessary for your business? And when we talk about ordinary, we just say, is this common? In your type of business if you’re a car wash, is this expense common for people in a car wash business?

If you are a consultant? Is this expense common for consulting businesses? If you are an actor and you have an acting business, is this expense common or ordinary in that business? And the necessary means is this expense necessary? To grow your business? Is this expense necessary to keep your business operating?

Is this expense necessary to get talent, to get employees, to retain employees? Is this expense ordinary and necessary? And that’s the basic principle. If we can say, yes, this expense is ordinary and necessary, then it can qualify as a business expense. So this helps shift the conversation from. Can I get away with, [00:04:00] can I, can I get away with this expense deduction to rather can I support this expense deduction?

Maximizing Deductions: Shifting to Pre-Tax Spending

And whenever we’re talking about expenses, I always talk about this concept, this maximizing deductions concept. And when I talk about maximizing deductions, I’m not talking about going out and buying all these different things that you don’t need and you’re just looking for a tax deduction. Because guess what?

There’s not savings there. Let’s say you go out and buy something for a hundred thousand dollars and you’re in the 24% tax bracket, what you’re gonna save on taxes with that a hundred thousand dollars is $24,000 in taxes. A hundred thousand dollars times your tax rate, 24% you saved by purchasing that a hundred thousand item, you saved $24,000 in taxes.

But guess what? You’re still out a hundred thousand dollars. And so that’s why we don’t ever recommend somebody go and buy something you don’t need. That’s not what we recommend. So when we talk about maximizing deductions, we look at moving items from pre-tax or from after-tax spending into pre-tax spending.

And when we talk about this concept, I like to compare. [00:05:00] A business owner versus a W2 employee. So as a W2 employee, you have your gross wages and then your employer takes all these taxes out, and then you have your take home pay. And any spending that you do with that money that gets deposited into your bank account is considered after tax spending.

That money’s already been taxed, the taxes have already been withheld from that spending. So all that spending that you do as a W2 employee is considered after tax spending. But now let’s split switch. If you look at this as a business owner, you have sales or revenue, and then you have all these expenses that go into it, and then you have your profit and you’re taxed on the profit of your business.

So any spending that you do inside of your business, it’s considered pre-tax spending. It instantly. We’d look. At different types of maximized induction concepts, we wanna think about how do I turn after tax spending into pre-tax spending? How do I find a valid, ordinary and necessary business purpose for some of the spending that I’m doing anyways and moving from front after tax spending into [00:06:00] pre-tax spending?

Deductible Expenses: Meals, Travel, and Silent Technology Subscriptions

And that’s a lot of the topics we talk about. Let’s look at meals and travel and kind of blended life expenses. You know, this is where most business owners get confused, fast business meals. Can be deductible when there’s a real business discussion or purpose around that. Travel can be deductible when the primary purpose is for business.

Think conferences, flights, hotels, client needs, networking trips. All these can be valid depending on the facts. The fear comes from the blurred lines, especially when personal and business activities mix. The answer is not to never deduct it. The answer is separate. It separate the business. From the personal document, have clear documentation from it and do it right.

Next, let’s look at technology subscriptions and some small recurring expenses. You know, there are, these are what I call silent deductions that add up. Think of things like phones, laptops, software, zoom, project management tools, AI tools, cloud storage, [00:07:00] internet office equipment. You know, some owners skip these because they feel that they’re too small or they’re too mixed with personal use, but stacked together.

These can really become meaningful and really add up over time. Small deductions aren’t small when they repeat every month and they add on top of each other. So $30 expense might seem small, might not seem like it’s gonna move the needle, but 30 times, five times, 12 months, maybe you have 30, 30 of those costs five times a month every single month.

The Feared Deduction: Home Office Expenses

That small number can start to become pretty big, and that’s some of the things that we wanna be thinking about. Next, I wanna talk about the home office. This is still, and I don’t know why, but it’s still one of the most feared deductions. And a lot of owners still think that taking a home office is waving a red flag.

But for most self-employed owners, most self-employed business owners, it’s completely legitimate. And I always say that the vast majority of business owners should have some sort. Of home office deduction. Now some are gonna have separate offices. It’s [00:08:00] gonna be smaller. It’s not gonna be as big as a deduction, but others are gonna have a bigger home office deduction.

Again, it all comes down to the facts and circumstances, but I’m a big believer that most business owners should have some sort of home office deduction. Now, here’s the key point with this, the space. Generally needs to be used regularly and exclusively for business. So if you’re working in your dining room, that that’s not a home office, but if you have a specific office or space in your house that you’re doing work from, that can be a business expense.

And this can unlock deductions tied to rent, mortgage interest, utilities, internet, lawn care. All of these different items are taking after tax spending and moving a portion of them to pre-tax spending. We’re not taking all of it, but we’re taking a portion of after tax spending and moving it into pre-tax spending.

Vehicle Expenses and The Commuting Trap

Now let’s talk about vehicle expenses. And this is where people either miss the money or miss the spot completely, or they get really sloppy. So business owners are often scared to deduct auto expenses ’cause they’ve heard horror stories. But if you use a vehicle for business. [00:09:00] There may be a real deduction there.

And again, I’m a big believer that every single business owner should have some sort of automobile deduction. Now, some that automobile deduction’s gonna be massive. They might have multiple vehicles and they might be traveling all over the place. In others, they might be a hundred percent remote work from home, but they should have some.

They make trips to the office, they make trips to the airport. They make trips to office supplies, grab office supplies, post office, all these different things. There should be at least some sort of automobile expense for every single business out there. Now let’s talk about the importance of auto and what we need to do, right?

First, we need mileage logs. We need to track where we’re going, why we’re going, and why is there a business purpose of that. We need to find out what our business use percentage of, so if we’re using a personal vehicle. How much of that vehicle is used for business? Is it 10%? Is it a hundred percent?

Is it 40% or somewhere in the middle there? We need to determine what that is, and then we just need to have consistency in the reporting of this activity. Now, one trap. That we often see people [00:10:00] see or see, see people. Miss is commuting. Commuting is not the same thing as business travel. So if you go from your home office or you go from your home to an office, that’s considered a commute that is not deductible business mile.

But now, if we look back at that home office opportunity, if you go from one office. To another office. Guess what? Deductible. Mileage. So if you start your day and end your day at your home office, maybe you start your day, you answer a bunch of emails in your home office, you go to your other office, you do work there, you come back, you answer emails, do a little bit of paperwork, and end your day in your home office.

Guess what? Now you’re going from office to office. You’re no longer commuting because you’re going from office to office. So that’s the thing that we want to do. Now, what do we want to avoid? If you’re saying business vehicle and you’re putting air quotes when you say business vehicle. There’s likely something we need to talk about there.

You know, I talk to a lot of business owners that get sloppy in this area and they say, well, yeah, my, my vehicle’s a hundred percent for business. And I’m like, you’re a hundred percent work from home. Is this vehicle really a hundred [00:11:00] percent for business? Let’s start to look into that. Just because someone down the road can do it doesn’t mean that you can.

So again, with every every one of these strategies, we wanna make sure, one, is this legitimate? And then two, do we have the documentation and support to back it up? Alright, quick pause for a second. If you’re listening to this and thinking, I know I’m probably missing deductions, I just don’t know which ones or how to do it, right.

You’re not alone. We see this every single day, and that’s exactly why we put together something simple to get you started. It’s called our Tax Savings Starter Kit, and it’s completely free. Inside you’re gonna find a breakdown of the most commonly missed business deductions. You’re gonna find real examples of business owners saving thousands, and you’re gonna have a chance to actually talk with our team about your specific situation.

Education, Coaching, and Professional Development

No fluff, no guesswork, just clarity. Go grab it now@taxsavingspodcast.com slash starter kit. Again, that’s tax savings podcast.com/starter kitt. Go check it out and let’s get back to it. The next [00:12:00] topic that business owners are often afraid of that I wanna talk about is education, coaching, professional development.

You know, many business owners hesitate here because they wonder, is this really deductible courses, coaching masterminds, industry events, certifications, and training. These can all qualify when they’re tied to maintain. Or improving skills in the business. So this is especially relevant for owners that are investing in growth, that are trying to grow their business, grow their knowledge, and extend their business beyond where they’re at today.

So don’t do this. Now, we want to put an emphasis on intent, the business connection, how is this related to the business? And then let’s record. That activity. So often we mix going to a workshop, going to a conference with travel that we want to do anyways, but we’re tying it to that business purpose again, just to make sure we have intent, business connection, and we have record of all the activity that’s going on there.

Smart Planning: Family Involvement and Hiring Your Kids

The next thing I wanna talk about is family involvement in paying your kids. This is one of [00:13:00] those deductions people assume is too aggressive, which in many cases it’s just smart planning. If family members are doing real work for your business, paying them may be legitimate. The key is that the work must be real.

The pay should be reasonable and the process should be documented. One of my favorite strategies is hiring your kids. You get a business deduction for it and you likely, your kids are likely paying no taxes on that income if they’re under 18. This can be a super powerful strategy that I recommend to all business owners find something.

That your kids can do. Now, it might not be $15,000, but maybe it’s a thousand dollars here, $2,000 there. Find something that your kid can do in your business where you get a business deduction and they pay no income taxes. Again, if we look at that after tax versus pre-tax spending, we are supporting our children in so many different areas.

The Real Audit Trigger: Lack of Proof and Documentation

We’re sending ’em to basketball camps and volleyball camps or abusing parks with friends. How do we get a business deduction for that spending that we’re gonna do anyways? A lot of power there that we can really start to look into. Now the real audit trigger when we’re talking about all these [00:14:00] different things isn’t always the deduction.

That’s the audit trigger, but rather it’s the lack of proof. Business owners often think a deduction itself is what causes problems, but in reality, poor bookkeeping, no receipts, weak documentation, sloppy implementation are usually the bigger issue, and that’s why it has. Such a passion of saying, Hey, let’s not just talk about this starry-eyed, hire your kids and pay no income taxes.

Let’s talk about how to do it right? Because if we hire our kids and we don’t do it right, guess what? We take a legitimate strategy and make it illegal. Something that can get thrown out by the I RRA S. But if we take a legitimate strategy and we make it, we do it correctly, we do correcting implementation, we can do it correctly.

The confidence here comes from your records. You don’t need to be reckless. You just need to be organized. Whenever I talk about business, business owners about receipts, I always say directly write. Directly. Write on the receipt. Who, what, where, when, and why. Write on that receipt. Save it. Because guess what?

If you’re audited three years down the road, you’re likely not gonna remember what you and Bob were talking about, [00:15:00] that dinner. You’re likely not gonna remember these types of things. So keep that documentation, do it upfront. And guess what? If you get that knock from the door. Give them the, give the auditor your file.

They’re gonna see it. They’re gonna see. It’s documented, well documented. They’re likely gonna walk away saying, you are good to go. Second. I always tell business owners that if you are in that gray area where you’re like, do I deduct this or not? Does this make sense for my business or not? Imagine that you’re sitting across the table from an auditor and you’re explaining to them why this expense is business related.

Conclusion: Safe Isn’t Always Smart

Can you, with a straight face, explain why this is a valid. Business deduction. That’s what I call the auditor sniff test. Do that test and walk through that kind of practice or that mindset in that area and see if this makes sense. Alright, so I wanna wrap this up. When I talk about safe. Safe doesn’t always mean smart.

A lot of business owners wear the, I’m conservative on taxes, like a badge of honor. I’m a conservative taxpayer, and that’s a badge of honor. But sometimes [00:16:00] conservative really just means uninformed paying more than legally required. That’s not a strategy, that’s not a gift. The IRS doesn’t reward you for giving them a gift.

They’ll take the money if you don’t wanna take advantage of it, but that is not a gift. The goal is to not be aggressive. The goal is just to be accurate. In document, the tax code is full of opportunities, but fear keeps a lot of business owners from ever using them or finding out about them. That’s why you’re here.

That’s why you’re listening to us. That’s why you’re watching us. That’s why you’re a member of Tax el, because you’re here to understand what those opportunities are and the key part, how to implement them correctly. So here’s the bottom line. A lot of business owners are not losing money because they’re doing anything wrong. They’re losing money. Because they are too afraid to claim what they are actually entitled to deduct and that fear that can get expensive. If you found this helpful, don’t forget to subscribe. Hit that like button and share it with a business owner who’s sick of paying too much in tax.

And if you want help from our team of tax professionals [00:17:00] implementing everything we talked about today along with so many others, visit us at taxo. That’s TAX elm.com, or click the link in a description for a free discovery call. We are helping people like you. Legally lower your tax bill every single day.

Thanks for tuning in and I’ll see you on the next one.