Ready to learn how to legally turn personal expenses into business deductions? Properly tracking expenses is the #1 way to avoid tax headaches and potential audits. Don't let the IRS catch you off guard – these are the must-know rules for business meal and travel deductions.
This is a must-see episode for all business owners during tax season. Especially the Venti business owner. We’ll cover all the questions during this 4 part season, and today we tackle things like:
How do I choose between the standard mileage rate and the actual expense method for auto deductions?
What are the rules for deducting cell phone and internet expenses for my Venti business?
How can I ensure that my business meal and travel deductions are legitimate and defensible in an audit?
What are the benefits and limitations of hiring my children in my Venti business?
How do health insurance deductions work for S-Corp owners versus sole proprietors?
What are some commonly overlooked miscellaneous tax deductions for Venti businesses?
What are the best resources for staying up-to-date on the latest tax laws and regulations affecting Venti businesses?
Share this post