Let’s Be Honest. Are You Giving the IRS More Than You Should?
Taxes are one of the biggest expenses in your business. Yet, every year, countless entrepreneurs overpay simply because they don’t have the right tax strategy in place.
If you’re not actively managing your taxes, there’s a good chance you’re leaving money on the table.
- Are you maximizing every deduction available to you?
- Have you structured your business to minimize tax liability?
- Do you plan ahead for taxes, or do you scramble at the last minute?
If you’re unsure, it’s time to take a closer look. A CPA in Austin, Texas can help you spot tax-saving opportunities and make sure you’re keeping more of what you earn.
Why Business Owners Overpay Taxes
Nobody chooses to overpay taxes. It happens because:
✔ You’re missing deductions. If you’re not tracking every expense, you’re likely paying more than necessary.
✔ Your bookkeeping is messy. Poor record-keeping means missed write-offs and avoidable errors.
✔ You don’t have a tax strategy. If you’re only thinking about taxes in April, you’re doing it wrong.
✔ Your business structure isn’t optimized. Sticking with the wrong entity type (LLC, S-Corp, C-Corp) can cost you thousands in unnecessary taxes.
A small business CPA in Austin can help you clean up your books, maximize deductions, and create a tax strategy that works in your favor.
4 Ways to Tell If You’re Overpaying Taxes
1. Look at Your Last Few Tax Returns
Take a closer look at what you’ve been reporting. Are you:
- Writing off all eligible business expenses (software, meals, travel, marketing)?
- Taking advantage of depreciation and Section 179 deductions for equipment?
- Claiming a home office deduction if you work from home?
If you’re not sure, an Austin tax accountant can review your past returns and uncover missed deductions.
2. Make Sure You’re Tracking ALL Business Expenses
Many entrepreneurs only track the obvious expenses—rent, payroll, office supplies. But what about:
✔ Business insurance?
✔ Software subscriptions?
✔ Professional development?
✔ Retirement contributions?
A CPA firm in Austin, Texas can help categorize your expenses properly so you’re not paying more than you should.
3. Reevaluate Your Business Structure
Your business entity impacts your taxes more than you might think. If you’ve never reconsidered whether an LLC, S-Corp, or C-Corp is the best fit, you could be paying way more in taxes than necessary.
For example, switching from an LLC to an S-Corp can help reduce self-employment taxes and save thousands per year. A tax advisor in Austin can help you decide if restructuring makes sense.
4. Get Serious About Tax Planning
If your tax strategy consists of waiting until April and hoping for the best, you’re doing it wrong. The biggest tax savings come from planning ahead.
A proactive tax plan includes:
- Quarterly tax projections to avoid overpaying.
- Maximizing tax credits (R&D, energy efficiency, hiring incentives).
- Strategic retirement contributions to lower taxable income.
An Austin, Texas CPA who understands business taxes can ensure you’re taking advantage of every possible opportunity.
You Work Hard for Your Money. Let’s Make Sure You Keep More of It.
If you don’t know whether you’re overpaying, chances are—you are. The good news? A second opinion can change that.
At Insogna CPA, we specialize in helping entrepreneurs minimize tax burdens, maximize deductions, and keep more cash in their business. Whether you need a small business CPA in Austin, a tax advisor in Austin, or an Austin accounting service that works proactively, we’ve got you covered.