We are BACK with another episode from our most requested guest (drum roll please) Karla my accountant! We are hear talking about all things write-offs and why they are so crucial to your business and can be the ultimate protector against the IRS. Karla as always gives some amazing tips as to what we can do to get better at write-offs, and tips and tricks as to how we can better organize ourselves. If. You want to hire Karla, her info is below for you!
Karla Harrington, CPA at ShindelRock
Show Notes
3:09 we dive into a conversation with Karla and she explains the overview of write-offs and why they are beneficial to your business
4:27 - Karla explains a few ways of how we can better track our write-offs.
5:30 - we break down receipts and why you may need or not need to keep them
6:30 - Auditing. Will the IRS find you???
6:56 - write-offs are different from business to business
8:46 - we get into a few things in my business that have not been considered a write-off, and Karla explains why.
11:05 - Made a mistake with your write-offs? Karla explains how to fix that before tax season
13:25 - Vehicle write-offs and what you need to know about it.
15:40 - What are the consequences of not saving any records?
19:43 - Meals and entertainment and how you can write those off.
21:50 - We wrap up and I take you through what’s next with TFH!