As the cost of doing business continues to rise, entrepreneurs and service providers are grappling with new challenges: higher shipping fees, added service charges, and unexpected delays—much of it outside their direct control.
But according to Jonathane Ricci, founder of JR Wealth Management and a specialist in taxation and legacy planning, this isn’t a time for panic—it’s a time to get proactive.
“Anything delivered through a courier service these days comes with added costs—delivery charges, handling fees, you name it,” Ricci explains. I just spent nearly $70 on a package that used to be free.
For businesses managing logistics, client services, or just daily operations, the added financial friction is real—but Ricci’s advice is to reframe the problem: turn rising expenses into potential tax-saving opportunities.
Increased costs can be viewed as opportunities for business
What may feel like a personal or operational hit could actually be a deductible business expense—if properly identified and documented.
The people need to review their spending and question: Is there an angle of business or commerce here? Ricci says. It’s possible to deduct the cost of something you buy for your business. It doesn’t matter how small the amount is.
He advises entrepreneurs to review their purchases in order to determine if they are aligned with the business. Think: mobile phones, meals, workspace costs, internet—and yes, even courier and shipping fees.
Everyone has a telephone bill. Everybody eats at restaurants. The question is—can part of that be justified as business-related? “If so, you’ll save a lot of money at tax season.”
All-Day Items that Might be Deductible
Ricci compares this current situation to that of the transition to remote work. Professionals could then claim deductions for rent, utilities, or internet. The same logic applies to:
- Transport and fuel
- Meetings with clients and meals
- Digital tools and software subscriptions
- Delivery and courier services fees
- Use of Personal Devices for Business
“There’s a surprising number of expenses that—when documented properly and tied to a business function—can help reduce taxable income,” Ricci says.
Strategic Decisions Over Quick Snaps
Ricci encourages business owners to take a long-term, thoughtful approach.
He says that temporary increases in costs are not a reason to change things abruptly or to stop operating channels. A stronger tax strategy will help to offset pressure and maintain business continuity.
He advises owners of businesses to tighten up the tracking of their expenses instead. This includes digitally recording mileage, meals and tools.
The firm provides audits on spending habits and customized tax plans that are in line with the current laws.
Resilience through Smarter Planning
With many entrepreneurs facing tighter margins and elevated overhead, Ricci says the smartest move isn’t retreat—it’s better documentation and intentional spending.
He says, “In this moment people feel bruised because they have to pay costs that were not anticipated.” “But this isn’t about scaling back—it’s about adjusting your strategy.”
Ricci is convinced that even minor changes, such as identifying additional deductions, improving the documentation or reviewing operational expense classification, can have a significant impact.
Every dollar is important, he says. “The key is being intentional with how you spend—and how you record it.”
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The content of this post has not been altered. It was written by an outside contributor. This is a content for informational and educational purposes. It does not represent investment advice.