7 tax-saving tips for small and home-based businesses

Published Updated 1 Min Read

If you decided to start a business from your home — as 69% of all start-ups do, according to the Global Entrepreneur Monitor Report — then become official. Bonelli says that registering your business with the county, state and federal governments under the proper entity for your business goals is an important step in saving on taxes.

This means more than just saving receipts, Bonelli says. You should keep calendars, mileage and personal-use logs, for starters. Talk to a tax professional about even more compliance-ready tactics that fit your particular business model.


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