Problem Solvers How Solopreneurs Can Lower Their Taxes
Feb 3, 2026
Lisa Greene-Lewis, CPA and TurboTax tax expert who advises small business owners. She talks about year-round tax prep and common deduction mistakes. She explains when taxes get more complex, choices like LLC vs S-corp, and home office and equipment deductions. Practical tips on organization, 1099-K changes, and tracking receipts and mileage.
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Keep Taxes Organized All Year
- Do track your taxes and receipts year-round instead of waiting until tax season.
- Regularly reconciling income and expenses maximizes deductions and reduces missed items.
Reconcile Regularly As You Grow
- Reconcile income and expenses monthly or at whatever cadence works for you.
- Start tracking as your business grows or when you change business structure.
Check Tax Impact Before Changing Structure
- Don't assume an LLC automatically changes your tax forms if you're a single owner.
- Understand deadlines and forms before switching structures to avoid surprises.