Tax Deductibles
The indinero guide to tax deductibles
The four areas where business owners either overclaim or leave money behind. Each one has a full page behind it.
Basics
What counts as a business deduction
The ordinary and necessary test in plain English, plus the categories that catch owners out when they file for the first time.
Read moreWorkspace
Home office and vehicle deductions
Simplified method versus actual expenses, mileage logs, and the records that hold up if anyone ever asks to see them.
Read moreTravel
Meals, travel and entertainment
What is fully deductible, what is capped at half, and what stopped being deductible altogether.
Read moreAssets
Equipment, software and depreciation
Section 179, bonus depreciation, and when spreading the cost beats taking the whole thing in year one.
Read moreTax deduction resources
Practical reference pages you can work through with your own numbers in front of you.
Checklists
The small business deduction checklist
A category by category run through, so nothing legitimate gets left on the table at filing time.
Read moreRecords
Which receipts you actually need to keep
How long to hold them, what the IRS accepts digitally, and where owners most often come up short.
Read moreStartups
How startup costs are treated
Why the first slice behaves differently to the rest, and what happens to the balance over time.
Read morePayroll
Deducting salaries, benefits and contractors
Owner compensation, health premiums, and where the line sits between an employee and a 1099.
Read moreTax deduction blog posts
Recent writing from the indinero blog on claiming properly without leaving money behind.
Common errors
Five deductions business owners claim wrongly
Each is defensible in principle and indefensible in the way it usually gets claimed.
Read moreHome office
Does a home office deduction raise audit risk?
The short answer is no. The longer answer is about how you calculate it.
Read moreVehicles
Mileage or actual expenses: which is worth more?
A simple way to work out which method suits your vehicle and your year.
Read moreYear end
Deductions worth reviewing before year end
Timing decisions that are still open to you in the final quarter.
Read moreMore on business deductions
Short pages you can send straight to a colleague or a client.
Not sure what you can actually claim?
We will read through your last return and tell you what was missed and what is worth handling differently this year.