Excerebus' Podcast

This week, Colleen, the founder of Excerebus CPA Firm, takes us through some of the deductions that beauty industry experts can take if they rent a booth or are self-employed.  She discusses how to calculate the % of your home you can deduct expenses for, what types of insurance are deductible, how to figure your transportation costs and different expenses related to your professional license that can be deducted.  Finally, she explains how to take the deductions for supplies, communication services, advertising and professional services.  Knowing how to report these items will help reduce your tax liability.