112 \\ Is Your Business Legitimate? Understanding Legitimacy and Tax Deductions

In this episode, we tackle a common question: Is your business legitimate? I answer a listener's question about business legitimacy and tax deductions, breaking down how to know if your business qualifies as legitimate.

We discuss active vs. passive income, the importance of keeping good records, and how to prove you’re running a real business. Whether you’re investing in companies, earning interest from loans, or just trying to understand what makes a business legit, this episode is for you. 

Tune in to get practical tips and advice to make sure your business is on the right track. Plus, learn how to structure your business to capture more deductions. Don't miss out on this informative and helpful discussion!

 

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 

📲 Follow me on IG @ the.tiffany.p.cpa