This Business Hack Feels Illegal to Know 🤫❌

What's a piece of information that you learned that feels illegal to know?

So if you own a business and you have a place to live, you can rent that place to your business for up to 14 days a year and you can charge about a thousand bucks a day. So that means your business can take a tax deduction, a write off for $14,000 for renting the home. And you get $14,000 of non documented tax free money that does not go on your tax return. That's $14,000 in cash you can do whatever you want with. It's called.

This is absolutely true. Guys, we have been doing this for years. But here's the thing. One thing that I would add to that. You want to make sure that you want to take three quotes for whatever events you would be doing at your home. So for example, for us we usually do an event and then we, whatever event we would be doing, we go into three different conference rooms or three different hotels, we get three separate codes. And then you're gonna do an average of what it would cost to run that event and then you do at your home. Therefore, now you have a reason as to why you are renting your house up to 14 days to take that deduction. Other than that, it's great advice and you should absolutely be doing that if you are a business owner. Follow for more business education.