11/02/2026
I'm firmly in the camp of "anti-spending money just because something is a write-off." 👀💸
If you're buying something you don't actually need just to get a tax deduction, you're better off keeping that money in your pocket!
But if you're a small business owner who genuinely needs certain tools or services AND wants to be strategic about your 2026 tax bill, these expenses could be worth considering:
→ Business equipment, computers, or other tools you need to serve clients and keep your business running efficiently.
→ A business tax planning meeting. It's kind of a double win: the fee may qualify as a business deduction, and you'll have the opportunity to discuss strategies that could help you plan ahead for your taxes. 🙌
→ Bookkeeping software or other business-related subscriptions that help you manage your finances, track expenses, and stay organized.
Remember, a write-off doesn't make something free! A deduction generally reduces your taxable income, not your tax bill dollar for dollar. So make purchases based on what your business actually needs, not just the potential tax benefit. 📊
P.S. If you want to make #2 part of your tax strategy, I've got a spot on my calendar waiting for you! 📆 Let's connect with GoodDay Tax & Bookkeeping.