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Save $50,000 by leveraging tax strategies! Part1 [Video]

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Company Formation

Save $50,000 by leveraging tax strategies! Part1 #shorts #tax #entrepreneur #taxes #smallbusiness

Welcome to the first day of our five-part series on how to save $50,000 in taxes leveraging tax strategies.

I’m excited to share this series with you over the next five days. Thanks for joining me!

Today, I’ll show you the power of Tax Code Section 162(a). Every business owner should know about this.

Tax Code Section 162(a) allows business owners to deduct expenses if they are ordinary, necessary, and reasonable for earning income. As business owners, we aim to turn personal costs like cell phones, vehicles, gas, and travel into business deductions.

But it’s important to do it right. By using Code Section 162(a) correctly, we can make sure our deductions are safe.

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