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Скачать или смотреть 11 Tax Deductions (Write Offs) Every Online Business Owner Should Know About

  • Dylan Hendrickson
  • 2023-06-04
  • 112
11 Tax Deductions (Write Offs) Every Online Business Owner Should Know About
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Описание к видео 11 Tax Deductions (Write Offs) Every Online Business Owner Should Know About

In this video I talk about 11 awesome tax deductions, also known as write offs, that are awesome and commonly accepted for online businesses.

If you own an online business and would like full-service accounting, advanced monthly reporting, and unlimited consulting for you and your business - go here: https://www.sledgeaccounting.com

If you want more based accounting and business tips follow me on twitter here:   / dylnhendrickson  

Join my newsletter here: https://sledge-accounting.ck.page/079...

A lot of these tax deductions for online businesses get missed.

Another thing that people get confused about is the difference between tax deductions and write offs. They're actually the same thing.

Tax Deduction = Write Off

And what a tax deduction does for your online business is it reduces your taxable income.

So if you had $200,000 in net profit from your business
and then you also had $100,000 in tax deductions (expenses/write offs)

Then your taxable income at the end would be $100,000



The 11 Tax Deductions:

1 - Travel Tax Deduction
2 - Advertising Tax Deduction
3 - Due's and Subscriptions (Software) Tax Deduction
4 - Home Office Tax Deduction
5 - Coaching/Education Tax Deduction
6 - Phone and Internet Tax Deduction
7 - Professional Fees Tax Deduction
8 - Computer Equipment
9 - Wages/Salaries/Contractors Tax Deduction
10 - Business Meals Tax Deduction
11 - Standard Mileage Tax Deduction



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