According to Forbes, more than 90% of business owners and entrepreneurs are overpaying in taxes. Yikes!
Every time I hear that statistic, I get sick to my stomach. As an accountant, myself, with over 18 years of experience working with home-based and brick-and-mortar businesses, I know that there are massive tax deductions available for us.
There are laws that allow us as business owners to redirect some of our living expenses into our business and write those expenses off so that we save more money as we’re building and growing.
Problem is… too many people don’t know about these laws and if they do, they’re not quite sure what living expenses can legally be redirected into the business and written off.