12 HUGE Tax Write Offs for Small Business in 2024! [Bookmark This]

Here are the top 12 tax write offs and deductions for small business owners.

Timestamps:
Intro (0:00)
What are Business Tax Write Offs? 0:33)
Tax Write Off #1 (1:05)
Tax Write Off #2 (2:17)
Tax Write Off #3 (3:24)
Tax Write Off #4 (3:58)
Tax Write Off #5 (4:14)
Tax Write Off #6 (5:31)
Tax Write Off #7 (6:40)
Tax Write Off #8 (7:42)
Tax Write Off #9 (9:07)
Tax Write Off #10 (9:40)
Tax Write Off #11 (10:10)
Tax Write Off #12 (10:59)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

[livmillwood]

Awesome video. Very clear and concise!!!

[husseinfakhreddine]

You should make a viedo on how to invest for small business owners so we could use that as a write off other then investing back into the business thats a tricky one huh? Because i cant think of any way other then a solo 401k

[HouseofSamiah]

Thank you beautiful for your wisdom and sharing it.. much appreciated !

[LoversRock]

I love #4 but their all good to know lol! Thank you!

[rdvsworld]

super helpful for a new business owner, THANK YOU!!

[RobPerkins]

Great list. Very informative. Thank you.

[qppqsb]

I love this page and the people they have on here >>>> they tells you the importance / risks and the difference between thing when it comes to filing things on your taxes other people only tell you the benefits and that's where people fell at an end up on a taxes or paying back on taxes and sometimes it's because the person who messed up on your taxes

[mirandahein]

Fantastic insights! I'd love clarification about a few more things: Do these deductions still apply when running a non-profit? Also, the nonprofit already reimbursed me for mileage while traveling, so how might that impact the write off potential?

[doriangel]

What about meals I have because I work from home and need to do some work at a coffee shop for example (by myself, doing work for clients online but without the client present)

[YannyJ]

This was so helpful, thank you. I do have a question: If my small business only made $700, what happens when my deductions and start-up costs out weight my profit? Do I just not pay taxes or how does that work?

[gabrielladots]

YouTube took me to another video while watching this video….YT bad 😡

[shennabridgett]

Could you still write off your home if you use a virtual address for your business?

[farmingthelife]

Hey, what if your business didnt make any sales but had alot if costs... Website etc