What common deductions would you recommend for small businesses?

"In my experience working with small businesses, the most commonly overlooked deductions they could take advantage of are vehicle and fleet expenses. While many businesses know this is possible, many fail at maintaining proper documentation of vehicle costs and usage as part of the job. I take it upon myself to walk clients through the proper documentation for future use, and they have all appreciated this insight."

"I see a lot of business owners overlook items that I would consider maintenance or facility costs that they can deduct at the end of each year. Repairs on equipment and property are deductible, and business owners often fail to keep proof of payment for such repairs. On top of repairs, most utilities like electricity are also deductible for a business. For small business owners, a huge part of my responsibility is educating them on these deductions. For your clients here at RSM International, my education would help build trust and a long-lasting working relationship."