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Small Business Tax Deductions: Hack Your Expenses in 2022

Small Business Tax Deductions: Pay LESS in Taxes w/ Business Deductions in 2022 Subscribe: https://bit.ly/2HJlq46 Tax Planning & Tax Preparation Services: https://bit.ly/3iC6FCI In these times, whether your business is on the ropes or booming then you want to take advantage of deductions. Because like clockwork, taxes come due every year. You can’t avoid it… And if you try, you’ll get busted. So for many people tax season is a drag. But what if I told you that it didn’t have to be this way. What if you actually looked forward to the tax season every year? Well, when you take advantage of small business tax deductions then filing can actually be an enjoyable experience. In 2020, depending on your income, your tax bracket could be as high as 37%. For example, with every $100 that you make, $37 dollars will be given in taxes. SKIT: So that $37 is gone, lost, finished… Sean! Please no, give me the mic… Ok today, I’m going to go over 20 small business tax deductions that you need to know about. But before I dive, make sure to hit that like button for the youtube algorithm and subscribe for more financial videos. So what is a tax deduction? According to the IRS, Business expenses are the cost of carrying business. And these expenses are usually deductible if the business operates to make a profit. So the next logical question is, “what can you deduct?” More Popular Uploads: 5 Grants to Start a Small Business:    • 5 Grants to Start a Small Business (f...   Single Member LLC, What You Must Know:    • Single Member LLC: What You Need to K...   Tax Planning for Beginners:    • How to Build a Tax Plan (Tax Planning...   Tax Secrets:    • Tax Secrets: What “They" Don’t Want Y...   How to Start a Business:    • How to Start a Business in 2024: Your...   /// 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).