Always look for more taxable deductions. Consult with your account to make sure you are doing it correctly though.   Creating profits and reducing expenses are 2 things all businesses owners should be thinking about... all the time.  

It's simple: The more tax deductions your business can legitimately take, the lower its taxable profit will be. Also, in addition to putting more money into your pocket at the end of the year, the tax code provisions that govern deductions can also yield a personal benefit: a nice car to drive at a small cost, or a combination business trip and vacation. It all depends on paying careful attention to IRS rules on just what is -- and isn't -- deductible.

Check with your state department of revenue. Each state offers different tax credits for small businesses. There is often a credit for hiring new employees that fall into certain categories, such as the unemployed or those receiving welfare benefits (food stamps, subsidized housing, etc.).