Hyperspace

If you’re a business owner and you’ve used your personal vehicle for anything business-related, you can take a tax deduction. However, the IRS (unsurprisingly) requires you to do this a specific way, and it’s not always worth your time. Let’s break it down. Can I Deduct a Personal Vehicle Used for Business? Yes. It doesn’t matter whether the vehicle is owned by you personally or by your LLC. What matters is how it’s used. You can deduct vehicle use for things like: Driving to client...

If you run your business from home, your house is doing double duty: it’s both a residence and part of your business infrastructure. The tax code recognizes this. That’s where the home office deduction comes in. It allows you to allocate part of your housing costs to your business — lowering your taxable income and making your financials more accurate. Here’s a quick guide to capturing the deduction cleanly, documenting it properly, and making it easy to maintain and maximize. Who is...

This advice sounds obvious. But I can’t tell you how many founders run into trouble when they go to market because they skipped this step early on. A founder, Anthony, came to me looking for help with customer acquisition. He'd spent $30,000 of his own savings building an app. He’d spent hundreds of hours getting every detail just right. Then he launched it. But instead of the hockystick user growth he was expecting, he saw a steady pattern of a few folks signing up, and then dropping off and...