What is a Tax Write Off? | Tax Deductions Explained

WHAT IS A TAX WRITE OFF AND WHY DOES IT MATTER// You’ve probably heard of business write offs and you might be wondering, “But what IS a tax write off?” gestures wildly

Good news- you’re in for a treat! Tax-deductible business expenses are your new BFF and help you save big bucks on your taxes. Need I say more? Errrrr...probably. In today’s video I’m breaking exactly what a tax write off is and why it’s so important for your small business.

KEY MOMENTS:
00:00 Introduction
00:41 How do tax write offs work?
01:29 What is a tax write off?
03:22 Are all business expenses tax write offs?
03:58 How do I know if I can write it off?

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RESOURCES & LINKS MENTIONED IN THIS VIDEO:
The Epic Cheat Sheet to Deductions for Self-Employed Rockstars: https://andismiles.com/2016/08/01/che...

3 Types of Tax Deductions and How to Track Them: https://andismiles.com/2018/02/26/3-t...

5 Write Off Mistakes that Can Get You in Trouble: https://andismiles.com/2017/02/20/wri...

7 Awesome Write-Offs that Solopreneurs Need to Know: https://andismiles.com/2016/11/14/awe...

6 Overlooked Tax Deductions for Brand New Businesses: https://andismiles.com/2018/07/09/ove...

7 Tax Deductions That You Need to Start Writing Off Immediately: https://andismiles.com/2018/03/05/7-t...

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