Padgett Denver

Every legitimate tax deduction matters when you're self-employed.

Yet many business owners miss out on valuable deductions simply because they're unsure what qualifies. From home office expenses to business travel and mileage, understanding the rules can make a meaningful difference at tax time.

Read our latest blog to discover five commonly overlooked deductions and learn how to maximize your tax savings.

Don't leave these self-employed tax deductions on the table | Padgett Whether you're a sole proprietor, freelancer, or side hustler, here's a straightforward overview of how business deductions work.

Be honest: how many of these did you nod at?

DIY bookkeeping often works great in the early days. But as your business grows, the receipts-and-vibes method tends to start costing you time, clarity, and sometimes money.

If a few of these hit home, it may be time for a hand. We are here when you are ready.

You started a business. You didn't sign up to become an accountant.

When you launched, you were focused on the work, the customers, the thing you are actually great at. The bookkeeping was a "figure it out later" problem.

And for a while, later never comes, because things are working. You are busy. Money is coming in. The receipts live in a folder, or a drawer, or your inbox. You will get organized once things slow down.

Then the small stuff starts to add up.

A deduction slips by because no one told you it existed, so you pay more tax than you had to. A quarterly deadline comes and goes before it is on your radar. Tax season arrives, the bill is bigger than you pictured, and suddenly you are covering a number you never saw coming.

Here is what we want you to hear: none of that means you did anything wrong. It is just what often happens when one person is running the business and tracking the finances at the same time. There is only so much you can carry.

The good news is that most of it is avoidable. Not with a bigger spreadsheet or a longer to-do list, but with someone in your corner who keeps an eye on the numbers while you run the show. Someone who catches the deductions, keeps the deadlines in view, and helps the surprises get a lot less surprising.

That is what we're here for.

If any of this sounds a little too familiar, reach out. Every situation is different, so let's talk through yours.

Summer hiring season is here 🌞 Are you bringing on extra help this year, and if so, what's your biggest "I have no idea what I'm doing" question? Drop it below!

Honoring the brave men and women who made the ultimate sacrifice for our freedom. 🇺🇸 This Memorial Day, we remember and thank you for your service.

Want to feel more confident with your business finances?

Start by learning these key terms. They’re the foundation of smart decision-making and long-term growth.

Save this post for when you're reading financial statements or planning your next move! No matter what stage you are in running your business, we're here to help.

Having a small business accountant can make a world of difference for your business. Here's how:

1. Time savings: Spend more time growing your business while we handle bookkeeping, payroll, and financial tasks, freeing up your valuable time.

2. Financial guidance: We can address almost any business management topic, including budgeting, setting and tracking your goals, addressing cash flow issues and more.

3. Compliance confidence: We can help keep you informed of tax regulations and industry standards, helping you avoid costly penalties and fines.

Let us help you take your business to the next level!

A recent court ruling may give some taxpayers the opportunity to recover certain IRS penalties or interest paid between 2020–2023.

Swipe through to learn what the Kwong v. United States case could mean for individuals and small businesses and which types of payments may be worth reviewing.

If you think this could apply to you, our team can help review your IRS payment history and discuss whether filing a claim makes sense for your situation before the July 10, 2026 deadline.

Most small business owners know to watch out for scams targeting their personal information. But did you know your business can be a target for tax identity theft too?

Criminals can use stolen EINs, payroll information, or fake tax filings to commit fraud, and many businesses do not realize there’s an issue until the IRS sends a notice or rejects a return.

A few simple security habits can go a long way in helping protect your business. We’re sharing common warning signs, practical prevention tips, and what to do if something feels off.

Tax identity theft: Yes, your business can be a target too | Padgett When most people hear “identity theft,” they think about stolen Social Security numbers or tax refunds. But small businesses are targets too.

Most small business owners know to watch out for scams targeting their personal information. But did you know your business can be a target for tax identity theft too?

Criminals can use stolen EINs, payroll information, or fake tax filings to commit fraud, and many businesses do not realize there’s an issue until the IRS sends a notice or rejects a return.

A few simple security habits can go a long way in helping protect your business. We’re sharing common warning signs, practical prevention tips, and what to do if something feels off.

Tax identity theft: Yes, your business can be a target too | Padgett When most people hear “identity theft,” they think about stolen Social Security numbers or tax refunds. But small businesses are targets too.