Tax Deductions for Professionals

01/08/2025 46 min Temporada 2 Episodio 6

Listen "Tax Deductions for Professionals"

Episode Synopsis

This 2008 NOLO guide offers professionals comprehensive information on tax deductions and business entity choices. It explains various deductible business expenses, including travel, home office, and vehicle costs, while also covering long-term asset depreciation and amortization. The book further details different business structures like sole proprietorships, partnerships, LLCs, and corporations, along with their respective tax treatments and liability implications. Additionally, it addresses employment tax rules when hiring staff or family, and provides guidance on retirement plans, health insurance options, and record-keeping practices to navigate tax obligations effectively.Full podcast episode available here: YouTube: https://www.youtube.com/playlist?list=PLMvxvfJimu-12rOH6fpAQtGtNUZzDVB2B // Spotify: https://open.spotify.com/show/3Z75bmdxiaHuXCsZNrIEvF // Apple Podcasts: https://podcasts.apple.com/us/podcast/busy-tax-consultant-the-best-books-reviews/id1809329141 — Follow us for more insights & updates: Instagram: https://www.instagram.com/busy_proffesional/ — TikTok: https://www.tiktok.com/@busyprofessional