5 Tax Write-Offs Most Small Business Owners Miss Every Year
Most small business owners leave $5,000-$15,000 on the table every year in missed deductions. Here are 5 that get overlooked constantly:
1. Home office deduction — If you work from home even part-time, you can deduct a portion of rent, utilities, and internet. Most people skip this because they think it triggers audits. It doesn't.
2. Vehicle mileage — Every mile driven for business purposes is deductible at $0.67/mile. That adds up to thousands if you're not tracking it.
3. Software subscriptions — Every SaaS tool you use for business (project management, accounting, design, AI tools) is fully deductible. Stop forgetting these.
4. Professional development — Courses, books, conferences, coaching — if it makes you better at your job, it's a write-off.
5. Health insurance premiums — Self-employed? Your health insurance premiums are 100% deductible. This one alone can save you $3,000-$8,000/year.
The problem isn't that these deductions don't exist — it's that nobody's tracking them systematically. That's exactly why we built Kova. We cross-reference every transaction against industry-specific deductions automatically, so you never miss a legitimate write-off again.
Your finances deserve clarity, not guesswork.
