Just Write it Off! … Wait a Minute
“Who pays for it?!”
“Nobody…. You write it off”
“WHO writes it off??” 😂
This is probably one of my favorite Schitt’s Creek episodes. And coincidentally, it’s one of the questions we get the most.
- What can I write off?
- What does that even mean?
- What qualifies as a legitimate business expense?
Fear not! We have a worksheet for that.
We’ve compiled a list of the most common business deductions for small business owners and a brief description of what falls into each category.
This handy dandy worksheet is something we share with our training clients and we want to share it with you!
The biggest new business owner mistake that we see is that many business owners (particularly if they don’t have any bookkeeping or tax support) aren’t sure what is a legit business expense and what isn’t, and are leaving a ton of money on the table.
Did you take any trainings for your business? 👩🏻🏫
Did you travel for business? ✈️
Did you update your branding? 📢
Let me know if it helps you!