Have you ever wondered what you can deduct when it comes to business expenses?
Today, I’m deep diving into education expenses and what you can and cannot deduct on your taxes as a business owner. I’m clarifying what you can deduct for continuing education, like seminars on new techniques, and what counts as leisure.
Listen to this important episode to learn how you can maximize your deductions when you file your taxes this year.
Also mentioned in today’s episode:
Clarifying the deductibility of massages for wellness practitioners 2:34
Personal expenses and business deductions- the difference and how much you can really deduct 4:57
What expenses you CAN deduct 5:54
Should you deduct research expenses? 9:37
If you enjoyed this episode, please rate, review and share it!
Links:
WELLNESS PRACTITIONERS’ TAX DEDUCTIONS GUIDE
https://www.sunlighttax.com/wellnessguide
Free class: Make Taxes Easier and Stash an Extra $130k in Your Savings: https://go.sunlighttax.com/free
Business vs. Hobby & the IRS 9 Point Test for Profit Motive
New Rules for LLCs: Update
Why It Matters Who You Listen To
4 Cases Where Done Beats Perfect
How Taxes Can Unlock Your Financial Health
Thoughts I’ve had About Money
1099 vs W2 Income and Why it Matters
Insider Deduction Tips
How to Deduct Fees, Bandmate Payouts and Gallery Commissions
Tips to Make Your Taxes Better Right Now
Discomfort Means You're Growing: Estimates and Investments
1099s Deep Dive: Listener Questions
What Are Receipts Actually For?
Issuing 1099s
Open House for Money Bootcamp
Respect Your Work, Then Get Organized
The De-Stress Your Taxes Checklist
Tax Credits and Law Changes Not to Miss
Lower your Taxes at Year End, Prevent a Cash Crunch
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Organic Marketing Simplified: Master podcast marketing, fuel podcast growth, and make money podcasting!
THE GO BIZ GUY
The Sigma Femme Podcast
The Prof G Pod with Scott Galloway
Habits and Hustle