Your Path to Success as a

Tax Professional and Business Owner

Home Office Deduction

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Mileage & Vehicle Expenses

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Medical Expenses

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Retirement Contributions

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Education & Training

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Charitable Contributions

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Your Pathway to Becoming a Successful Tax Professional and Business Owner

1. Home Office Deduction

If you work from home, whether you are self-employed, a 1099 contractor, or a business owner, you may be eligible to deduct a portion of your:

Rent or mortgage
Utilities
Internet
Repairs

Missed because: Many believe it's only

applicable to large businesses.

2. Mileage & Vehicle Expenses

Do you use your car for work purposes? You might be able to deduct:

Mileage
Gas
Maintenance
Insurance
Registration

Missed because:

People often fail to track their miles.

3. Medical Expenses (Above-the-Line & Itemized)

You can deduct expenses such as:

Prescriptions
Doctor visits
Therapy
Mileage for medical travel

Missed because: People often neglect to keep receipts.

4. Self-Employed Health Insurance

Self-employed individuals can deduct:

Health insurance premiums
Dental and vision insurance

Missed because:It's an adjustment to income, not an itemized deduction.

5. State & Local Taxes (SALT)

Property taxes
State income or sales taxes (subject to limits)

Missed because: Incorrect itemization is a frequent issue..

6. Retirement Contributions

Contributions to the following can help lower your taxable income:

Solo 401(k
SEP IRA
Traditional IRAavel

Missed because: Many are unaware contributions can be made before the tax deadline

7. Education & Training

Deductions may apply for courses, certifications, webinars, coaching, and licenses related to your business or job

Missed because: People mistakenly believe education is never deductible.

8. Child & Dependent Care Credit

This Expenses for daycare, after-school care, and summer camps (not overnight) may qualify for deductions.:

Missed because: Parents sometimes forget to request provider tax information

9. Charitable Contributions

Donations, both cash and non-cash, to:

Churches
Nonprofits
Clothing and household items

Missed because: Many fail to obtain receipts or track donations properly

10. Business Meals

Meals with clients or while traveling for work may be partially deductible.

Missed because: There is a common misconception that meals are never deductible

Bonus Tip

The goal isn’t zero income — it’s zero taxable income. We don’t hide money. We move it through IRS-approved systems.

Who We Are.

Since 2012, Lakeisha has logged more than 35,000 hours of coaching time, assisting numerous entrepreneurs in achieving their objectives, many of which involved scaling and exiting, frequently for multiples exceeding 10x.

This expert aids in the growth of both your company and you. They work one-on-one with you to help you reach your goals, and they different significantly from business coaches in a few significant areas.

Your Path to Success as a

Tax Professional and Business Owner

Your Pathway to Becoming a Successful Tax Professional and Business Owner

1. Home Office Deduction

If you work from home, whether you are self-employed, a 1099 contractor, or a business owner, you may be eligible to deduct a portion of your:

2. Mileage & Vehicle Expenses

Do you use your car for work purposes? You might be able to deduct:

3. Medical Expenses (Above-the-Line & Itemized)

You can deduct expenses such as:

4. Self-Employed Health Insurance

Self-employed individuals can deduct:

5. State & Local Taxes (SALT)

5. State & Local Taxes (SALT)

6. Retirement Contributions

Contributions to the following can help lower your taxable income:

7. Education & Training

Deductions may apply for courses, certifications, webinars, coaching, and licenses related to your business or job

8. Child & Dependent Care Credit

This Expenses for daycare, after-school care, and summer camps (not overnight) may qualify for deductions.:

9. Charitable Contributions

Donations, both cash and non-cash, to:

10. Business Meals

Meals with clients or while traveling for work may be partially deductible.

Bonus Tip

The goal isn’t zero income — it’s zero taxable income. We don’t hide money. We move it through IRS-approved systems.

Who We Are.

Since 2012, Lakeisha has logged more than 35,000 hours of coaching time, assisting numerous entrepreneurs in achieving their objectives, many of which involved scaling and exiting, frequently for multiples exceeding 10x.

This expert aids in the growth of both your company and you. They work one-on-one with you to help you reach your goals, and they different significantly from business coaches in a few significant areas.

Need Help Claiming These Deductions?

LM Tax Service is here to assist you. Professional tax planning is always more effective than guessing.

📲 Call or Text 864-203-3559 for expert guidance