Running a small business takes time, energy, and money—but if you’re not tracking expenses, you’re likely losing money.

📉 Stop Overpaying on Taxes

Tracking expenses isn’t just good practice—it’s one of the easiest ways to reduce your taxable income and boost your profit.

Example:
You earn $85,000 in revenue.
You track $16,000 in business expenses.
Your taxable income drops to $69,000.
Result? You could save over $6,000 in taxes.

🧾 It’s Not Just About Receipts

Tracking means more than saving receipts in a shoebox. You need to categorize them properly. For example:

• Business meals: Usually only 50% deductible
• Big purchases (like equipment): May qualify for a full write-off under Section 179
  • Example: A $10,000 lawn mower might be fully deductible if used for your landscaping business

Staying organized helps you avoid IRS issues and take advantage of real savings.

🧠 Why It Matters Year-Round

If you don’t track now, tax time becomes a nightmare. Missing expenses can mean surprise bills, late filings, or missed deductions.

But if you track as you go?
✅ You file early
✅ You file accurately
✅ You keep more of your money

🚨 Avoid Audit Risk

The IRS may not ask for your receipts up front, but they can later. Keeping your receipts and showing how you categorized them helps protect your business.

💼 How Buffalo Tax Strategies Can Help

At Buffalo Tax, we make tracking easy. Our custom-built expense tracker mirrors your tax return layout, so nothing gets missed—from gas and mileage to tractors and software.

Every penny counts. Let Buffalo Tax Strategies help you keep more of yours.

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