As we approach business taxes 2026, Tulsa small business owners must proactively plan to reduce tax liability and protect profitability. Understanding small business tax deductions can significantly impact your bottom line — but knowing what qualifies (and what doesn’t) requires careful planning and expert guidance.
At Brown, Chism & Thompson, our experienced CPA Tulsa team provides strategic, year-round tax planning and professional tax services Tulsa businesses trust.
Let’s break down what you can deduct in 2026 — and how to ensure you’re maximizing every opportunity.
For business taxes 2026, the IRS allows deductions for “ordinary and necessary” expenses required to operate your business.
Common deductible expenses include:
Office rent or commercial lease payments
Utilities (electricity, internet, water)
Office supplies and equipment
Software subscriptions
Salaries and bonuses
Payroll taxes
Health insurance contributions
Retirement plan contributions
Legal fees
Consulting fees
CPA Tulsa advisory and tax preparation services
Website development
Digital marketing campaigns
Branding and print advertising
Keeping accurate documentation is essential to properly claim these small business tax deductions under IRS guidelines.
If you use part of your home exclusively and regularly for business purposes, you may qualify for a home office deduction.
Eligible deductions may include:
A percentage of rent or mortgage interest
Utilities
Home repairs related to the office space
Tulsa business owners often miss this deduction due to misunderstanding eligibility rules. A qualified CPA Tulsa advisor can help determine if you qualify.
You can deduct vehicle expenses using one of two methods:
Standard mileage rate
Actual expense method (fuel, maintenance, insurance, depreciation)
Accurate mileage logs and expense records are critical for compliance during business taxes 2026.
One of the most frequently overlooked deductions is the Qualified Business Income (QBI) deduction.
Eligible businesses may deduct up to 20% of qualified business income, potentially saving thousands in federal taxes.
However, QBI eligibility depends on:
Business structure
Income thresholds
Industry classification
Many business owners in Tulsa either:
Do not realize they qualify
Miscalculate the deduction
Miss income phase-out thresholds
Working with a proactive CPA Tulsa firm ensures you maximize this valuable tax benefit.
Strong documentation protects your deductions and reduces audit risk.
Recommended best practices:
Use accounting software such as QuickBooks
Digitally store all receipts
Categorize expenses in real time
Perform monthly financial reviews
Separate personal and business accounts
At Brown, Chism & Thompson, our tax services Tulsa team helps business owners implement clean bookkeeping systems that support optimized tax strategies.
Preparing business taxes 2026 without professional guidance can lead to:
Missed deductions
Compliance errors
Overpayment
Increased audit risk
Hiring a CPA Tulsa professional provides:
Strategic tax planning
Accurate preparation and filing
Deduction maximization
Risk mitigation
Year-round advisory support
Small businesses that treat tax planning as a strategy — not just a once-a-year filing event — typically see stronger long-term financial performance.
Understanding small business tax deductions is essential for protecting profits in 2026. With changing regulations and evolving tax strategies, working with a trusted CPA in Tulsa can make the difference between overpaying and optimizing your tax position.
At Brown, Chism & Thompson, we provide comprehensive tax services Tulsa business owners rely on for accurate preparation, strategic planning, and proactive advisory support.
📞 Contact our CPA Tulsa team today to schedule a 2026 tax planning consultation and ensure your business is positioned for maximum deductions and minimum liability.
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