6 Tax Hacks for Business Owners

Running a business means wearing a lot of hats—including tax manager. The good news? With the right strategies in place, you can reduce your tax bill and keep more of what you earn.

At Walker Tax Relief, I work one-on-one with business owners to make sure they’re taking advantage of every deduction and credit available. Here are six smart tax hacks to help you save:

1. Track Every Business Expense
Don’t leave money on the table by missing deductions. Keep detailed records of your business expenses—receipts, invoices, and bank statements included. Whether it’s client lunches or software subscriptions, it all adds up at tax time.

2. Deduct the Cost of Doing Business
Office supplies, software, professional services, employee wages, marketing costs—these are all deductible. If it helps you run your business, it likely qualifies. Just make sure you can document it.

3. Claim a Home Office Deduction
If you use part of your home regularly and exclusively for your business, you may qualify for a home office deduction. This can include a portion of your rent or mortgage, utilities, internet, and homeowners insurance.

4. Deduct Business-Related Vehicle Expenses
Use your car for work? You can deduct mileage or actual expenses like gas, maintenance, insurance, and even a portion of your lease or depreciation. Keep a mileage log and receipts to support your claim.

5. Contribute to a Retirement Plan
Setting up a SEP IRA or Solo 401(k) isn’t just smart for your future—it can also lower your taxable income now. Contributions are tax-deductible, and your savings grow tax-deferred.

6. Don’t Overlook Business Tax Credits
From the Work Opportunity Tax Credit to the R&D Credit or the Small Business Health Care Tax Credit, there are several programs that can help you lower what you owe. The key is knowing which ones you qualify for—and not missing the deadlines.

Let’s Make Tax Season Work for You
Being a business owner comes with plenty of responsibilities—but with a little planning, taxes don’t have to be one of your stressors.

If you’re not sure where to start or want a second look at your current setup, I’m here to help. At Walker Tax Relief, I’ll review your situation and make sure you’re taking advantage of every opportunity to save.

Reach out today for a free consultation.
I’ll help you keep more of your hard-earned money—while staying organized, compliant, and confident.