The Biggest Expenditures Small Business Owners Miss Out On

Are You Missing Out on Major Tax Deductions?

Business owners, are you leaving money on the table when it comes to your taxes? In this video, Christian breaks down one of the largest missed expenses that could be costing you thousands—interest expense.

Too many business owners (or their bookkeepers) are incorrectly allocating interest payments to their loan balance instead of writing them off as a business expense on their profit and loss statement. This mistake means you're overpaying on your taxes—and no one wants that!

💰 Key Takeaways:
The IRS allows interest on business loans, SBA loans, and lines of credit to be written off.
If you don’t properly account for this, you’re inflating your taxable profit.
Correctly categorizing interest expense can significantly lower your taxable income.

Want to make sure you're maximizing your deductions? Watch now and start saving money on taxes today!

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Time Stamps:

00:00-00:17 Intro
00:18-1:13 Interest Expense
01:14-1:43 Example Scenario
01:44-02:10 Example Interest Expense
02:11-02:40 Outro