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On today’s episode, Darren and Christina are joined by Robert Gauvreau for part 2 of their series with him! In Part 2, Robert is breaking down tax credits vs. tax deductions, some of the tax credits that are available to business owners, what qualifies as a business expense as well as whether or not you should own a vehicle with your business or personally. Tune in now!

Show notes:

00:00 - Introduction

1:40 - Tax credit vs. tax deduction

3:00 - Common tax credits for business owners?

4:00 - How do you get tax credits as a business owner?

6:35 - The most popular tax credits for business owners

8:25 - What qualifies as a business expense?

12:40 - Recommended software for doing taxes for your business

16:30 - Business expenses that a lot of business owners don’t know are business expenses

21:40 - Car ownership: business vs. personal

30:00 - A couple more tips from Robert

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