Short YouTube video advising filmmakers and video production companies to purchase business-related goods and services (courses, mentors, equipment) before year-end to claim tax write-offs and reduce tax liability going into 2023; presenter clarifies they are not a financial expert and speaks from personal experience, recommending reinvestment into the business.
If you're a filmmaker or video production company, you should be having write offs to reduce your tax liability going into 2023. So if you don't have things that you're buying, like programs, courses, mentors, additional gear, anything for your business, all of those things are write offs, which technically reduces your tax liability. I am not a financial expert by any means. This is just from my own experience. So at the end of the year, it's really great to find something that that you can write off, or find different things that will help you make more money in the new year and write it off at the end of the old year so you can reduce how much you pay Uncle Sam and instead reinvest back into your business.
