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What Entrepreneurs Need to Know About Tax Deductions
Manage episode 446590407 series 3420908
As tax season approaches, the urgency surrounding questions about deductible expenses intensifies. Shannon explores the fundamentals of deductions, dispels common misconceptions, and provides valuable insights on how to maximize tax savings. The episode also highlights an upcoming free tax deduction guide that lists over 150 potential deductions for businesses. While the information shared serves an educational purpose and should not be taken as individual tax advice, it aims to empower listeners with the knowledge necessary for making better financial decisions. Get ready to transform the way you handle your business finances. Let’s dive in!
What you'll hear in this episode:
05:20 Defend deductions with confidence, documentation, and preparation.
08:47 Understand risks and defend tax deduction positions effectively.
13:14 Categorize expenses to simplify audits and avoid issues.
14:24 Avoid using 'other' for deductions; be specific.
If you like this episode, check out:
My Key Insight from "10x is Easier Than 2x"
What I Learned from Getting My First Job
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
675 에피소드
Manage episode 446590407 series 3420908
As tax season approaches, the urgency surrounding questions about deductible expenses intensifies. Shannon explores the fundamentals of deductions, dispels common misconceptions, and provides valuable insights on how to maximize tax savings. The episode also highlights an upcoming free tax deduction guide that lists over 150 potential deductions for businesses. While the information shared serves an educational purpose and should not be taken as individual tax advice, it aims to empower listeners with the knowledge necessary for making better financial decisions. Get ready to transform the way you handle your business finances. Let’s dive in!
What you'll hear in this episode:
05:20 Defend deductions with confidence, documentation, and preparation.
08:47 Understand risks and defend tax deduction positions effectively.
13:14 Categorize expenses to simplify audits and avoid issues.
14:24 Avoid using 'other' for deductions; be specific.
If you like this episode, check out:
My Key Insight from "10x is Easier Than 2x"
What I Learned from Getting My First Job
Want to learn more so you can earn more?
Transform your small business journey – download the Small Business $tarter Kit here.
Visit keepwhatyouearn.com to dive deeper on our episodes
Visit keepwhatyouearncfo.com to work with Shannon and her team
Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ
Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/
The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
675 에피소드
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