What is a Business Expense?

Do you know what is and isn’t considered a business expense?  I ask because in my experience, most business owners don’t know. 

Most think they do, but they don’t.  The truth is that it doesn’t matter whether you make these mistakes intentionally, or unintentionally. As the owner, you are responsible.  

That is why I created this week’s vlog–so you will know (even if those around you overlook it). I have seen some things y’all!!! 

CLICK BELOW TO LISTEN AND WATCH! 

 

This is important to you if you:  

  • Think you know but never really consulted an actual financial pro 
  • Fear owing penalties and fees because of avoidable (because I am telling you in this blog) mistakes  
  • Plan to seek funding one day and need your books to be clean  
  • Want an accurate picture of how your business is doing (or not doing) 
  • Own a business 

 

If you’ve enjoyed what you’ve heard here, and you’d like some additional tips to help your business be better or to help you be better at business you must get a copy of my FREE guide to learn how to stop the money leaks in your business.  It’s called Stop the Money Leaks In Your Business:  The 5 Money-Related Mistakes Entrepreneurs Make and How to Fix them.  In it I share the top 5 mistakes entrepreneurs make that keep them from realizing their full profitable potential.  This is in fact where I start with my new 1:1 clients.  Grab a FREE copy of the guide by going to the link above. 

Also, if you need immediate support assessing your business and getting a handle on things profitability-wise, we can help.  As business solutions experts, we have helped dozens of businesses untangle complex issues and clarify a path to greater profitability.  Schedule a Discovery Session .