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every year more than 2 million taxpayers overpay on their income taxes and this isnt just pocket change taxpayers are overpaying by close to 1 billion now this could be due to poor tax planning or because theyre missing out on some of the biggest business tax write-offs meanwhile the top one percent are using the tax law to their advantage to minimize their tax liability oftentimes leaving us clueless wait how am i paying more taxes than them when they make millions of dollars more than me as a cpa i have recognized a common pattern amongst small businesses and self-employed individuals they are paying way too much in taxes and some of them are missing some of the biggest tax write-offs [Music] hi my name is sherman with life accounting a full service accounting firm that helps small businesses grow and manage their finances in this episode im going to give you the biggest tax write-off for small businesses if you can do me a favor by clicking the like button below if this video he