EP18: What is deductible and what is NOT deductible?

<p><span style="font-weight: 400;">Amazon sellers, digital marketers, real estate professionals, self-employed individuals, and business owners ask us consistently the same question: what is DEDUCTIBLE and NOT DEDUCTIBLE? <br /> <br /></span><span style="font-weight: 400;">In this</span> <strong>Wealthy CEO Accelerator</strong> <span style= "font-weight: 400;">podcast episode, understand the basics to help you lower your taxable liability and decrease your risks of getting audited by the IRS.<br /> <br /></span><strong>KEY TAKEAWAYS: <br /> <br /></strong><strong>✔️</strong> <span style= "font-weight: 400;"> Learn to identify the general rules to determine if an expense is ordinary and necessary for your specific business. As an expert in your field, you can assess these on your own but do so at your own risk. It pays if you speak to a tax professional and seek proper guidance. <br /> <br /></span><strong>✔️</strong> <span style= "font-weight: 400;">Many business owners don't know that they can deduct their bank service charges, coaching fees, and other work-related expenses. <br /> <br /></span><strong>✔️</strong> <span style= "font-weight: 400;">Properly allocate your expenses, whether it's for personal or business. If it's personal, you have to be extra careful since there are expenses that are NOT deductible.<br /> <br /></span><strong>✔️</strong> <span style= "font-weight: 400;">Business owners need guidance from entrepreneurial accountants. They look at things at a whole different level.<br /> <br /></span><strong>✔️ </strong> <span style= "font-weight: 400;">Access my comprehensive checklist to serve as your guide and every single strategy we recommend to avoid having issues and getting surprise notices from the IRS <br /> <br /></span><strong><em>Did you ever imagine spending this much time on your financials? <br /> <br /></em></strong><span style="font-weight: 400;">IT'S OKAY. LET US HELP YOU GET IT OFF YOUR PLATE. Contact us today:</span> <a href="https://www.youtube.com/redirect?event=video_descriptio