*Tax specialists recommend that small and businesses allocate their marketing budgets strategically based on their sales revenue. This not only helps in growing your business but also in maximizing eligible tax write-offs.
*Traditionally, SMBs allocate between 6% to 14% of their total monthly revenue towards marketing efforts. This range is not only a practical guideline for business growth but also a strategic move when it comes to tax planning.
*By aligning your marketing spend with your revenue, you can make the most of tax deductions while actively working towards business expansion. It is recommended to give your tax advisor or CPA a call and ask about what would benefit your business most or what you should be spending."