Don’t just buy anything for your business so you can write it off.
If you're in the 22% tax bracket and there's some state tax, etc., you're only saving a marginal rate in taxes…
Then you're out all that cash you spent on something you wanted to write off and wont use.
So, it's not wise to just buy something to write it off. Weigh out your options before you starting buying random shit to write off for tax purposes.
If you want to hear this full episode and more, head over to https://www.trashtalkbusinesspodcast.com/ep-40-dont-worry-well-get-to-accounting-eventually-with-luke-beggins/
#DTFT #financialplanning #savemoney #dontjustbuyanything #junkremoval #short
