This article notes five tax deductions that a small business owner could be allowed to take, if he or she meets the requirements. For example, the home office deduction, vehicle deductions, meal deductions, travel expenses, etc. (See article). I am not sure I agree with the presentation of this article, however. Although the author makes a mention of commonly-known audit risk that comes with a home office deduction, I do not think he warns readers enough: readers should know that there are very specific rules for each of these deductions, and that they should consult with a tax professional before invoking the deductions. Yes, the deductions are legal, as they are in the Internal Revenue Code, but they are not legal to take if you do not meet the requirements. This article from QuickBooks outlines some of the more common so-called audit “red flags” that may lead to a higher likelihood of being audited.