GENIUS Tax Advice For Business Owners ft. Matt Bontrager | The Dept. Ep. 027
The Dept. w/ Omar El-Takrori
Maximizing Business Tax Deductions and Financial Management
This chapter emphasizes the 51-49 rule for travel expenses to be deductible, the tax deductibility of luxury items like a Rolex for business purposes, and the significance of tracking business expenses for tax deductions. It also discusses the importance of separating personal and business finances, the complexities of tax deductions for buying versus leasing vehicles, and the value of seeking expert advice for proper financial management as a business owner.
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