business

What Business Expenses Are Tax Deductible? by Paco de Leon

Disclaimer: I'm not an accountant and this isn't tax advice. 

Alright, alright, alright. Nothing signals the start of tax season like a bunch of creative freelancers emailing me questions about what they can write off on their taxes. But first, maybe you're wondering, "What is a tax write off? And what's the difference between a tax write off and a tax deduction? Is there a difference?"

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Clarity in the New Year. by Paco de Leon

The start of a New Year is a beautiful time. It's full of potential; a natural inflection point; a pause. Whether it's true or not, it feels like everyone is focused on reflection and intention. We're all making space for ourselves and with that comes giving space to others. And that space allows us clarity, if we choose to seek it.

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Why You Need Year-End Tax Planning with Your Accountant by Paco de Leon

Full disclosure: I'm not an accountant. I just get to hang out with them, which makes me dangerous to myself and others. This isn't tax advice. It's advice to seek tax advice.

We should all show our accountants some love. They bust their asses reading, interpreting and applying the tax laws. They file our taxes. They walk through the fire of dealing with the IRS and other tax authorities. And they help us at the end of the year with tax planning.

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Enrolled Agent vs. CPA. Know The Difference. by Paco de Leon

When I started my career in consulting, I started to meet people with the title Enrolled Agent. As if the tax code isn't confusing enough, I discovered another layer of WTF when it came to the people who help prepare and file tax returns. Which lead me to ask myself, "What's the difference between an Enrolled Agent and a CPA?"

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