07/15/2026
A lot of self-employed people spend money on legitimate business expenses all year, then lose those deductions at tax time because they have no record of them.
The IRS doesn't take your word for it. If you're audited, every deduction you claim needs to be backed up, receipt, date, amount, business purpose. Without that, it gets disallowed.
The fix is simpler than most people think. A dedicated folder, a basic app, even a photo of every receipt goes a long way.
The habit takes a few seconds. Losing deductions costs real money.
Want to know what you should be tracking? Book a free discovery call.
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