5 Common Tax Mistakes Small Business Owners in Raleigh Make (and How to Avoid Them)

Introduction:
Running a small business comes with plenty of moving parts—and taxes shouldn’t be the one that trips you up. At  MJ Tax and Accounting Services, we’ve helped dozens of Raleigh-based business owners avoid costly errors that could trigger audits or penalties. Here are the top five mistakes we see time and again—and how to fix them.

Content Outline:

• 1. Mixing Personal and Business Expenses:
  Why this is problematic for IRS documentation and how to separate accounts properly.
• 2. Misclassifying Employees vs. Contractors:
  The financial risk and legal implications of misclassification.
• 3. Missing Deductions You’re Eligible For:
  Commonly missed deductions like home office, mileage, or startup costs.
• 4. Poor Recordkeeping:
  How digital bookkeeping can help you stay organized year-round.
• 5. Filing Late or Paying Late:
  What penalties can cost you—and how we help you stay ahead of deadlines.

Conclusion:
Avoiding these mistakes can save you thousands. If you’re unsure where your business stands, book a consultation with MJ Tax and Accounting Services today—we’ll get you on track with confidence.