Today, we'll look at how Entrepreneurs can legally write off lifestyle expenses because one of the awesome things about being in business is you can take advantage of legal tax strategies only available to business entities.
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So in this video, what I want to do is look at how entrepreneurs can:
- Legally write off lifestyle expenses
- Types of deductions to look at
- And share some examples along the way.
Timecodes
Intro (0:00)
How to Write Off Luxury Expenses (0:57)
Travel Expenses / Business Trips (2:50)
Vehicle Tax Deduction (5:40)
Rent Your Home Tax-Free (6:58)
Important Note (8:11)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).