Leadership Magazines Leadership Magazine Issue 12 | Page 48

TAX & LEGAL ADVICE &Legal Advice Tax Navigating the legal and financial aspects of your doTERRA business can be challenging. Here are some tips for getting started. The Basics: What can I deduct as a business expense? 1.  a good tax advisor. Everyone’s personal tax situation Get is unique. The best way to make sure your taxes and deductibles are done correctly is to consult with an expert about what’s right for you. •  yourself: Did I spend the money to make money? Ask The general rule is the deduction should be helpful to grow your business, as well as industry-accepted and appropriate. 2. Be charitable. The more you give, the more that will come back to you. The doTERRA Healing Hands organization is a great way to respo