52 \\ IRS Red Flags? The Truth About Home Offices and Rental Agreements for Small Businesses

In this episode, we’re diving into a fantastic listener question about small business finances. If you’re wondering how to stay compliant with the IRS while maximizing deductions, this one’s for you! We explore whether having two rental agreements—one for a home office and another for a commercial kitchen—could raise red flags with the IRS.

You’ll learn about the Augusta Loophole, how to properly structure rental agreements, and why separating business and personal expenses is essential for tax compliance. Plus, I’ll share insider tips on staying organized and taking advantage of smart tax strategies to reduce stress.

If you’ve ever felt overwhelmed by business taxes or bookkeeping, this episode will give you the clarity and confidence to do it right. Don’t miss out—tune in now and start setting your business up for success!

 

Episodes mentioned in the podcast:

🎧 Episode #2 - "Top 5 Tax Deductions for Entrepreneurs"

🎧 Episode #47 - "Unlock Tax Savings | #1 Small Business Tax Deduction"

🎧 Episode #14 - "#1 Tax Reduction Strategy for Small Business Owners"

 

Next Steps:

💰Pay Less in Taxes – Start Here! 💰

☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!

📧 Contact Me --> hello@phillipsbusinessgroup.com 

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