The 12 Most Valuable Tax Deductions For Small Businesses (Do This Now!)

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Starting your own empire can start with a single small business but, you definitely don't want taxes to take control. However, there are ways to prevent this from happening. Here are the 12 most valuable tax deductions for small businesses.

Within this list of 12 tax deductions lies something for you to implement in your next tax season.

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Our expert, Toby Mathis, Esq., knows what he is doing when he says these are valuable opportunities you should be taking advantage of if possible.

Don't lose more money than you have to…

Keep what you earn and use that money to build yourself up!

Hopefully, this video will be helpful to those who are seeking to learn more about saving money on their business taxes.

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Thank you for joining us and good luck with your business endeavors.

Show Notes:

0:00 Intro Types of Businesses
2:37 Accountable Plan
8:23 Direct Cost & Indirect Cost
11:13 Reimbursements for Your Business
14:50 Meals
16:15 Equipment
17:17 Health Insurance
20:03 Travel Expenses & Practises
22:50 Start-Up Expense Write-Offs
25:09 Retirement Plans
26:40 Defined Contribution Plan
29:25 Qualified Business Income
32:01 Outro
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ABOUT TOBY MATHIS

Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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