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Shop Owners, it's November! Time to meet with your accountant


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  • 2 weeks later...

Joe you are so very true.

Did you guys know that you can use your home to get between $10k-$20k in business expense deduction on your taxes every single year. And I'm talking about the home office expense deduction.

Also, guys its not always the best idea to buy stuff as a tax reduction mechanism. What you are doing right there is creating an expense or sometimes buying assets that you don't need. That money could be invested elsewhere. There are a lot of Legal tax reduction strategies which actually increase your cash flow instead of reducing it. 

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