MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Don't Be Greedy! | Pigs Get Fat Hogs Get Slaughtered #shorts

15 Feb 2023 · 0 min

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Mark Kohler explains how to write off travel expenses without triggering an audit. Gather receipts from credit cards, debit, Venmo, and cash apps, tie each trip to a business meeting, and keep the deductions proportional to your income. Talk to an accountant before you claim anything.

Look at your overall mix of your income, your expenses, the purpose of your business. I don't want to write off 10 grand in travel when you only brought in 20 grand. You bring in 200 grand in your business. Maybe writing off 10 grand in travel makes sense. Don't get greedy. Pigs get fat, hogs get slaughtered. So meet with your accountant. Make sure that you're really digging up all those travel expenses from credit cards, debit cards, cash, Venmo, Apple. Pay wherever you got a travel expense and you can justify it with a business meeting. Let's freaking ride it off.