01/18/2024
It’s TAX SEASON yalllllllll😅😭
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Tax session can be a ✨bit stressful✨ as a small business owner. All of the sudden you need to categorize every. single. purchase. from the year. And yes, it’s a hassle. 😅
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Here’s some tips on how to get through tax season as a small biz owner:
✨ Hire someone! It helps SO much. If you’re in KC and need a recommendation, I’ve got you.
✨ Go onto your online banking, download your whole year of transactions and put it into an excel or Google sheets. Categorize each item into what it was for.
✨Research what other things you can write off that you might’ve paid for out of your personal account. A percentage of your rent or mortgage, internet, utilities, car payments, insurance, the list goes ON🙌🏻🙌🏻🙌🏻
✨RECORD MILEAGE!!!! I have Mile IQ on my phone and it picks up every time I drive! I just have to categorize whether it’s personal or business and bam, another LARGE write off.
✨But seriously, hire someone to do the rest. They’ll save ya the most money 😉
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Looking for some investments into the biz that are bigger write offs for 2024? I know I always am 😂 RETREATS & CONTENT DAYS are write offs!!! They are educational and can help you grow!! Your airline tickets, food, lodging, all of it can go towards being written off! 🎉
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Invest in your biz! So so so worth it!
This is not professional financial advice, please reach out to your CPA or accountant for advice pertaining to your specific taxes.
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Vendors:
Host:
Photographer:
Gown & Suit:
Florals:
Venue: James A. Reed
Jeweler:
MUA:
Hairstylist:
Models:,
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