Yes, if the yogurt stand is a legitimate business, you can deduct operating expenses, such as rent, supplies, utilities, and marketing costs. Use FlyFin AI to categorize expenses correctly for tax filing.Yes, if the yogurt stand is a legitimate business, you can deduct operating expenses, such as rent, supplies, utilities, and marketing costs. Use FlyFin AI to categorize expenses correctly for tax filing. Additionally, keep detailed records of all transactions and receipts to support your deductions in case of an audit. It's also important to track any startup costs, as they may be deductible in the first year of operation. Consulting with a tax professional can provide extra guidance tailored to your specific situation, ensuring you maximize your deductions while staying compliant with tax laws.
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