As a small business owner in the vibrant city of Orlando, Florida, you’re no stranger to the hustle of running a company amid theme parks, tourism, and a growing economy. But when tax season rolls around, the last thing you want is to leave money on the table. At TaxPro 365 LLC, we specialize in helping local entrepreneurs like you maximize deductions and credits to minimize your tax liability. In this blog, we’ll explore key strategies tailored to Florida’s unique tax landscape.
First, let’s talk about home office deductions. If you’re operating from a home-based setup in Orlando’s sunny suburbs, you can deduct a portion of your rent, utilities, and even internet costs based on the square footage used exclusively for business. For 2025, the simplified option allows up to $5 per square foot, but itemizing can yield more if your space is larger.
Next, don’t overlook vehicle expenses. Whether you’re driving to client meetings at Disney Springs or delivering goods across Central Florida, track your milage meticulously. The standard milage rate for 2025 is 67 cents per mile – pair this with apps lie MILEIQ for easy record-keeping.
Florida’s no state-income-tax advantage is a boon, but federal taxes still apply. Consider Section 179 deductions for equipment purchases, like new computers or vehicles for your business. We at TaxPro 365 LLC have helped countless Orlando clients depreciate assets quickly, saving thousands.–
Finally, retirement contributions like IRAs or Solo 401(k)s can slash your taxable income while building your future. As your year-around tax partner in Orlando, we’re here to ensure consistent communication prevents tax horrors. Contact Avi Bastajian at TaxPro 365 LLC today to schedule a consultation and keep your finances thriving.
Stay tuned for more tips, and remember: Don’t ghost us-consistent touchpoints make tax time a breeze!