Key Tax Deductions for Business Owners in Georgia

Increase Your Income and Save on Taxes

If you live in Georgia and have a W-2 job, did you know you can register your own business and generate extra income through freelance work? In addition to creating new financial opportunities, having a registered business comes with significant tax benefits that can help you lower your tax liability when filing your taxes.

Why Register a Business in Georgia?

Starting a business, even if it’s a side hustle, allows you to take advantage of various tax deductions that aren’t available to regular W-2 employees. By structuring your freelance work as a business, you can write off expenses related to your work, ultimately keeping more of your hard-earned money.

Top Tax Deductions for Business Owners

1. Home Office Deduction

If you use a portion of your home exclusively for business, you may qualify for a home office deduction. This includes rent, mortgage interest, utilities, and even home repairs that affect your office space.

2. Business Equipment & Supplies

Any equipment, software, or office supplies necessary for your business operations can be deducted. This includes:

• Computers, printers, and phones

• Desks, chairs, and other office furniture

• Software subscriptions (e.g., QuickBooks, Adobe, Zoom)

3. Vehicle & Mileage Deduction

If you use your personal vehicle for business purposes, you can deduct mileage or a percentage of your car expenses, including gas, maintenance, and insurance. The IRS standard mileage rate changes yearly, so keeping a log of your business-related trips is essential.

4. Internet & Phone Expenses

If you use your phone and internet for business, you can deduct a portion of these expenses. Be sure to track your usage to support your claim.

5. Professional Services & Business Insurance

Hiring accountants, legal advisors, or consultants? Their fees are tax-deductible, as well as business insurance policies that protect your company.

6. Advertising & Marketing

Any money spent on business promotion is deductible, including:

• Website development and hosting fees

• Social media ads (Facebook, Instagram, Google Ads)

• Business cards, flyers, and other promotional materials

7. Travel & Business Meals

If you travel for business, expenses like flights, hotels, and meals may be deductible. Business-related meals can also be written off at 50% of their cost.

8. Health Insurance Premiums

If you’re self-employed and pay for your own health insurance, you may be able to deduct these costs for yourself and your dependents.

9. Education & Training

Courses, workshops, certifications, and any educational resources that enhance your skills and knowledge related to your business are tax-deductible.

10. Retirement Contributions

Setting up a SEP IRA, Solo 401(k), or other retirement plans can help you save for the future while lowering your taxable income.

Take Advantage of These Benefits – Let’s Set Up Your Business and File Your Taxes!

Registering your business in Georgia doesn’t just open doors for additional income—it also provides valuable tax-saving opportunities. At RCC, we specialize in helping individuals set up their businesses and maximize tax deductions.

🔹 Need help starting your business? We’ll guide you through the registration process.

🔹 Time to file your taxes? Book an appointment with our experts and ensure you claim every deduction you’re entitled to.

📅 Schedule your consultation today and keep more of your money!