Post #26: As a small business owner working from a home-based workspace, deducting your mortgage interest or rent from gross revenues can save on taxes.
Before you get a “tax person”, see how much you can do on your own.
The early days of revenue-generation for most businesses will yield few transactions and lower frequency of activity. This makes for a great time to learn how to DIY so that you can save the really tough issues for hired professionals (and be more independent!).
Thanks Andi! I’m just starting out really and making some money so not in a place yet to worry too much about it. We’ll see how this year goes! Substack has been a game changer!
I was just saying I need to probably consider the fact that I will make money and get a tax person. Haha.
Before you get a “tax person”, see how much you can do on your own.
The early days of revenue-generation for most businesses will yield few transactions and lower frequency of activity. This makes for a great time to learn how to DIY so that you can save the really tough issues for hired professionals (and be more independent!).
You got this!!!
Thanks Andi! I’m just starting out really and making some money so not in a place yet to worry too much about it. We’ll see how this year goes! Substack has been a game changer!
That’s fantastic!!!
And remember, I’m here to help too! (I can at least point you in the right general direction so you are not feeling lost). 😃👍
Thank you!!