Keeping Good Records So You Never Miss a Business Deduction

Common business expenses include supplies, software, equipment, advertising, professional fees, business mileage, and in some cases a qualifying home office. Each has its own rules, so records matter.

Keep a separate business bank account and credit card, save receipts as you go, and log mileage as it happens. Reconciling your books monthly beats rebuilding a year of records at filing time.

Planning before year-end gives you options that are no longer available once the year closes. A short planning conversation can show which strategies fit your business.