The Tax Loophole That Saved My Small Business $1000s

Hey, Arjun here.

Owning a small business is the best tax deal in America.

Why?

Because of tax write-offs.

The 2-Minute Hack: Maximize These 3 Tax Write-Offs

Here are the three biggest tax write-offs to help you save thousands of dollars:

1. Business Meals

50% of a business meal can be an expense, but in order to do so, you need to keep track of:

• The cost of the meal
• Where you ate the meal
• Who the meal was with
• The business purpose of the meal

2. Work-Related Travel Expenses

If you are traveling for work, that qualifies as a business write-off. Two key things to remember:

• Keep track of where the trip was
• The trip location has to be outside your primary business location

3. Advertising

Anything you do to promote your business via advertising is a business write-off:

• Social
• Paid marketing
• Promotions
• Webinars
• Working with influencers
• And more…

Why this matters:

Most business owners I work with are shocked when they discover how much they could have saved on taxes. These three categories alone can reduce your taxable income by thousands of dollars each year.

The key is proper documentation. Set up a system to track these expenses automatically—whether through dedicated apps or a simple spreadsheet that you update weekly.

Remember: Every dollar you save on taxes is a dollar you can reinvest in growing your business.

In Summary:

The three biggest tax write-offs for business owners are:

• Business Meals
• Work-Related Travel Expenses
• Advertising

What tax write-offs are you currently taking advantage of?

See you next Tuesday.

Let’s doola it ⚡

Arjun

P.S. If you’re looking for a free consultation on taxes for your business or are unhappy with your bookkeeping, you can book a demo with doola here.