The Ultimate Small Business Tax Deduction Guide
Every dollar you fail to deduct is a dollar given to the IRS unnecessarily. We audit your general ledger to ensure maximum deduction capture.
The QBI Deduction
The Qualified Business Income (QBI) deduction allows eligible pass-through entities to deduct up to 20% of their net business income. We engineer your wages to maximize this threshold.
Travel and Meals
Tracking business mileage and segregating 50% deductible client meals from 100% deductible company-wide team building events is highly lucrative when tracked correctly.
Optimize Your Deductions
Let us review your previous returns for completely missed opportunities.
Start NowWritten by Financial Strategy Team
Stingley CPA - Oklahoma-based Certified Public Accountants
Frequently Asked Questions
What is the QBI deduction?
The Qualified Business Income deduction allows eligible owners of pass-through entities (LLCs, S-Corps, Sole Props) to deduct up to 20% of their qualified business income from their personal taxes.
Are business meals 100% deductible?
Standard client meals are generally 50% deductible. However, company-wide recreational events (like a holiday party) can be 100% deductible if structured correctly.
How do I deduct a home office?
You must use a specific area of your home EXCLUSIVELY and REGULARLY for business. You can then deduct a percentage of your rent/mortgage, utilities, and internet based on the square footage used.