083 - Rapid Fire: Should I Be Spending Money to Save Tax?
Update: 2025-11-09
Description
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 enemy, it means your business is profitable
If you’ve ever caught yourself justifying a purchase because “it’s tax deductible,” let’s unpack what really happens when you spend to save tax.
The goal is for you to make decisions that serve your business long-term, not just your end-of-year emotions.
Tune in now for a bite-sized dose of clarity and common sense
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Ready to Prosper and Profit? Let's dive in.
Loving the podcast? If this podcast is providing value to you, please leave a 5-star review.
Connect with Laura
Website: www.laurajohagan.com
Email: hello@laurajohagan.com
Instagram: www.instagram.com/laurajohagan
“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 enemy, it means your business is profitable
If you’ve ever caught yourself justifying a purchase because “it’s tax deductible,” let’s unpack what really happens when you spend to save tax.
The goal is for you to make decisions that serve your business long-term, not just your end-of-year emotions.
Tune in now for a bite-sized dose of clarity and common sense
Looking for help to transform your business into the thriving, profitable business you know it could be? Book a Discovery Call with Laura here www.laurajohagan.com/book-call
Ready to Prosper and Profit? Let's dive in.
Loving the podcast? If this podcast is providing value to you, please leave a 5-star review.
Connect with Laura
Website: www.laurajohagan.com
Email: hello@laurajohagan.com
Instagram: www.instagram.com/laurajohagan
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
