S6E5: Tax Time - Unlocking Deductions for Small Business Owners

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03/13/25 • 14 min

Disclaimer: The information in this video should not be viewed and is not intended as tax/financial advice. Consult with an expert before making any decisions regarding your finances.

Tax season’s coming—are you leaving money on the table? We’re breaking down the must-know deductions for small business owners, from office supplies to home offices, travel, and even client gifts. Plus, the common tax traps you don’t want to fall into.

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Produced by Francis Plata & Forward Press Media: www.forwardpressmedia.com

Disclaimer: The information in this video should not be viewed and is not intended as tax/financial advice. Consult with an expert before making any decisions regarding your finances.

Check out MileIQ: https://mileiq.com/

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Previous Episode

S6E4: AI for Business Finance: How ChatGPT Makes Money Management Easy

Disclaimer: The information in this video should not be viewed and is not intended as tax/financial advice. Consult with an expert before making any decisions regarding your finances.
Make Finance Fun with AI: Discover how ChatGPT simplifies money management, answers your toughest financial questions, and helps your business thrive—no expensive advisors needed!

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✨ About Pam: A friend in the foxhole and finance wrangler who guides you on the path to confident control of your money mindset and business cash flow. She knows what you need to understand, and cuts out the rest. Her motto: You don’t need to BE a bookkeeper; you just need to understand a specific set of numbers and how they shape your business.
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S6E6: Tax Time Made Easy - Effective Receipt Tracking Tips for Your Business

Disclaimer: The information in this video should not be viewed and is not intended as tax/financial advice. Consult with an expert before making any decisions regarding your finances.
Drowning in paper receipts and cluttered shoeboxes? Discover simple ways to digitize and organize them, making tax time and tracking expenses a breeze.
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Cash Flow with Pam Prior - S6E5: Tax Time - Unlocking Deductions for Small Business Owners

Transcript

00:00:00.239

So wherever your space is, be it 40 square feet or 100 square feet or 500 square feet, it's as long as you're using it just for business, that's that can count. And the cool thing about this on a risk reward basis is the reward here is that if you have this area that you work in exclusively, then any you want, the big number you want to get is the percentage that that square footage is of your whole home. So say my whole home. I'm making this up, but it's a studio apa