THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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Don't Forget These Deductions: Cell Phone and Internet
Listen and Subscribe Here
Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.
Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.
Listen and Subscribe Here
Today, I’m chatting about a commonly missed tax deduction for entrepreneurs: cell phone and internet expenses. I’m going over why these deductions are missed and how you can utilize them to get the most out of your tax return this year.
Join me in this episode to learn how to calculate a reasonable business percentage for these mixed-use expenses so you can maximize your allowable deductions and keep more of your hard-earned money.
Also mentioned in today’s episode:
Calculating business percentage for cell phone expenses 2:54
Internet usage and business deductions 5:50
Tracking and documenting your personal expenses 8:28
If you enjoyed this episode, please rate, review and share it!
Links:
Save your seat for the free class, Make Taxes Easier and Stash an Extra $152k in Your Savings
Check out my program, Money Bootcamp.
How to Deduct Business Meals When You're Self-Employed
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How to Deduct Business Meals When You're Self-Employed
In today’s episode, I’m sharing how you can deduct business meals on your taxes as a self-employed individual including what you need for your tax documentation and what’s allowable for deduction.
Join me to learn the rules and guidelines for deducting business meals, the per diem meals allowance for business travel and the benefits business meals for entrepreneurs.
LISTEN AND SUBSCRIBE HERE
In today’s episode, I’m sharing how you can deduct business meals on your taxes as a self-employed individual including what you need for your tax documentation and what’s allowable for deduction.
Join me to learn the rules and guidelines for deducting business meals, the per diem meals allowance for business travel and the benefits business meals for entrepreneurs.
Also mentioned in today’s episode:
Client meals vs. travel meals 4:05
Why you need to keep your receipts and documentation 6:35
Keeping a calendar for your business meals and tax documentation 9:10
How much you can deduct for your business meals 11:50
If you enjoyed this episode, please rate, review and share it!
Links:
GSA per diem rate lookup (US travel)
State Department per diem rate lookup (International travel)
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