083 - Rapid Fire: Should I Be Spending Money to Save Tax?
This episode is a rapid-fire where we're tackling a question that comes up over and over (and one I just spoke about with a client): “Should I spend money to reduce my tax bill?” It’s one of those myths that sounds good; Spend now, save on tax later but the truth is, a tax deduction doesn’t make your expenses free. We’ll talk about: • Why “it’s tax deductible” doesn’t mean “it’s free money” • The mindset that makes business spending feel easier than personal spending • What a “write-off” actually means (and why that Schitt’s Creek moment is so relatable) • Why paying tax isn’t always the…
The skinny
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