Thank you for your video. I just learned my hobby was at the business level so I scrambled to get things together for 2022. I need to create a mileage log for my business.
This video and a few others of yours, has been incredibly knowledgeable and I greatly appreciate your advice. Thank your for your dedication and your passion for crafting!
Hi Thandia! You can deduct anything within that year. So, if you registered your business in 2023 and bought a Cricut in 2023, that will be deductible for the 2023 tax year when you file in 2024. However, If you bought your Cricut in 2020, you cannot deduct that for your 2023 taxes. Hope this helped!
Can you also provide some tips on how to ship internationally? Do you have to have a sellers permit/business license? Any tips helps! Thank you so much 🤍
So my customer pay for their orders to be shipped out. Am I writing that off as a business expense? Since I’m technically not keep that shipping cost to myself and spending it to ship out the product.
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](http://i.ytimg.com/vi/5YggWhLeckM/mqdefault.jpg)
So good!! This is the "not so fun stuff" but so important! Thank you for all of the resources and information!
its my first time doing tax write offs and doing taxes, so glad I found this video, this was really helpful. thank you !!
Thank you for your video. I just learned my hobby was at the business level so I scrambled to get things together for 2022. I need to create a mileage log for my business.
You can do it!! thank you for watching
Thank you so much! This information was very helpful. Moat certainly appreciate it. Thanks for sharing.
You're very welcome!
What if I don’t have a mortgage? How do I write off the dedicated space used for a business?
THANK YOU SO MUCH!!!
Your videos are soooooo helpful!!! Thank you!!
Have been loving your videos !! Starting a business is so intimidating but your videos help break it down thank you
Lunches/coffee meetings with clients are write offs!
YES! I forgot about this!
This video and a few others of yours, has been incredibly knowledgeable and I greatly appreciate your advice. Thank your for your dedication and your passion for crafting!
Your videos are always great. I’ve been a subscriber since the beginning :)
My question is how long are you able to deduct equipment? Just once or yearly?
Hi Thandia! You can deduct anything within that year. So, if you registered your business in 2023 and bought a Cricut in 2023, that will be deductible for the 2023 tax year when you file in 2024. However, If you bought your Cricut in 2020, you cannot deduct that for your 2023 taxes. Hope this helped!
Can you make a video about how to print+cut on double sides? 😍
Can you also provide some tips on how to ship internationally? Do you have to have a sellers permit/business license? Any tips helps! Thank you so much 🤍
Love your helpful videos! What program do you use to edit your youtube videos?
SO GOOD!
Thank you thank thank you! 🤞 I can get this all done. Do you have to know how much vinyl used per project?
I am a 17 y/o and am thinking of starting a business do I need to do taxes and the write offs?
So my customer pay for their orders to be shipped out. Am I writing that off as a business expense? Since I’m technically not keep that shipping cost to myself and spending it to ship out the product.
Shipping costs are considered ordinary and necessary operating expenses, so yes can be written off.