In this video let’s talk about the tax deductions for your coaching business or hypnotherapy business. As any good business owner will tell you, knowing your tax, what you can claim and what your business expenses are will become the cornerstone of a profitable coaching business. Enjoy!
I am not an accountant or tax professional. This video is for education purposes only. Always consult a professional.
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Yuck! I don’t think there is a business owner alive who likes getting a tax bill or worse off a GST and tax bill. But look at this as a sign of growth – the more money you make the more tax you will pay.
As a little surprise, by the end of this video, I’m going to show you how to get my 100k coaching program for free! But you have to stay until the end.
Now I won’t be getting into GST and income tax as far as what % you will need to pay as your income will be different than others – and certain countries have higher tax thresholds etc. So, I do recommend hiring a great accountant and have them do all of this work for you.
Also, remember I am not an accountant so do your research thoroughly as I always recommend having a good accountant for your business – but these deductions are a great place to start for your business.
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DISCLAIMER: Any information or advice I give is purely based on my own experience and research. There is no guarantee as there are many variables that will impact your success. Everything stated should be taken as opinion. This is not get rich quick.
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To Your Success!
Scott Jansen and the team at ScottJansen.com.au
Thanks for watching!
Tax Deductions For Your Coaching Business (Know what to claim)
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