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112 \\ Is Your Business Legitimate? Understanding Legitimacy and Tax Deductions
Manage episode 423368319 series 3399967
Innhold levert av Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert, Tiffany Phillips - CPA, Small Business Money Mentor, and Financial Expert eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
In this episode, we tackle a common question: Is your business legitimate? I answer a listener's question about business legitimacy and tax deductions, breaking down how to know if your business qualifies as legitimate.
We discuss active vs. passive income, the importance of keeping good records, and how to prove you’re running a real business. Whether you’re investing in companies, earning interest from loans, or just trying to understand what makes a business legit, this episode is for you.
Tune in to get practical tips and advice to make sure your business is on the right track. Plus, learn how to structure your business to capture more deductions. Don't miss out on this informative and helpful discussion!
Next Steps:
☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/
📧 Contact Me --> hello@phillipsbusinessgroup.com
📲 Follow me on IG @ the.tiffany.p.cpa
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