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Chapters:
0:00 Intro
0:31 Startup and Organizational Costs
2:11 Vehicle Expenses
4:03 Marketing and Advertising
5:27 Home Office Deductions
7:58 Office Space Rent
9:15 Outro
If you own an LLC, then it is critical to know the best write-offs that you are eligible for. This is because the more write-offs you can take, and the more powerful these write-offs are, the more money you can save in taxes. When you save money in taxes, it gives you more capital to reinvest into your business, keep in your bank account, spend on your family, etc.
In this video, tax expert Karlton Dennis explains 5 of the best write-offs that new business owners can take advantage of in 2023. These write-offs include startup and organizational costs, vehicle expenses, and more.
Many new business owners are unaware of all of the tax deductions that they are eligible for. Part of the reason why this is the case is because there are many write-offs that business owners can take that are not available to employees. If you are a new business owner, then you might be eligible for some of the deductions mentioned in this video.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxstrategy #llc #taxplanning