What You Should (and Shouldn’t) Write Off for Your Business
Are you maximizing your small business tax deductions or leaving money on the table? In this episode, we break down how to navigate IRS business expenses so you can stay compliant and keep more of what you earn.
Ryan Derousseau, CFP®, EA, clarifies the often-confusing world of "write-offs." We dive into the specific rules for solo entrepreneurs, helping you distinguish between legitimate deductions and common tax mistakes that could trigger an audit.
What you'll learn in this video:
• The IRS definition of "ordinary and necessary" business expenses
• How to correctly claim the home office…
The skinny
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