Wed May 01 2024, by Tyler Gardner

Small Business TaxBusiness ExpensesTax DeductionsRevenue ManagementAccounting Basics

Tyler? Yep.

Looks like your business made $50,000 of revenue in its first year of operation? Yep.

We'll take our small business tax. You owe us. Zero.

But you made $50,000 in revenue? Yep.

$5,000 of that was for a car lease. $5,000 was for travel expenses. $5,000 for continuing education. $5,000 new computers and software. $5,000 for advertising. $5,000 to pay Nikkrop CPA to tell me about all these things. And $20,000 to paying my new employee.

That leaves you with nothing. But that leaves me with a business... Is you. My pesky little IRS friend. Who made nothing.

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