EP. 2: Who pays for it? No one…You write it off

This TaxSnax Episode features Alicyn McLeod, CPA, CFP & Cecily VM Welch, CPA, PFS, CFP®.

“In for a penny, in for a pound,” – us when we thought we should form an S Corp to write off literally anything. Joke was on us! Ever think you’re just a scarf away from a tax break? Think again! We’ll unpack the mystery of money write-offs and spill the tea on why an S Corp might not be every entrepreneur’s BFF. Spoiler alert: It’s not one size fits all, peeps! So, pop your popcorn, and let’s get fiscal! Tune in and learn why your roommate, Paul, was probably wrong about writing off that new whip because you “do business now.” (And how it may only save you $.30.)