ON TODAY'S SHOW
Welcome to Episode #070. Tonight we are going to talk book keeping and tax preparation. We are joined tonight with our guest host, Brian McCauley of McCauley Designs.
WHAT'S GOING ON IN OUR SHOP?
Drew - Planing down a ton of gymnasium flooring for the metal wood desk tops and insets
Jeremy - Working on shop layout
Brian - Setting up the new shop, dust collection, prism table base
- When a company sends you tools for review or sponsorship do you claim those as income and write them off or do you not claim them at all?
- When you have advertising on your vehicle can you write off every mile you drive in that vehicle?
- How many years can you take a loss as a start up business?
- What do you recommend in the way of expense tracking (what do we need to keep a track of and how)
- Should I keep my business finances separate from my personal finances?
- Is having a tax id # beneficial for content creators who rely solely on the videos for income, aside from sponsorship money?
- What can be written off on taxes for business trips?
- How would you write off woodworking plans & videos on your taxes?
The Woodworking Show in Atlanta - 31 March 2017 - 02 April 2017 : We are having a meet up for the weekend.
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HOW CAN YOU REACH BRIAN?
Website : http://mccauleysdesign.com
Facebook : Facebook.com/mccauleysdesign
Instagram : https://www.instagram.com/mccauleysdesign/
YouTube Channel : https://www.youtube.com/channel/UCMzsLPeyQvCcSyCRX0w9Cd
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