Business Mentoring Series — The Single Biggest Tax Mistake Business Owners Make with Ted Jenkin


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March’s guest on the Business Mentoring Show is Ted Jenkin. Ted is the co-CEO of oXYGen Financial, a financial services business focused on giving financial advice to the X & Y Generations. Ted and his co-founder Kile Lewis started the company in 2008 and built a new model of the Private CFO, helping clients build a personal financial dashboard. oXYGen Financial is best-in-class with the X & Y Generations and also serves boomers and retirees alike.

Episode 1: The Single Biggest Tax Mistake Small Business Owners Make

For many small business owners, their fear of getting audited trumps their desire to optimize their tax returns—especially when they are just getting started. Ted Jenkin of oXYGen Financial says small business owners should look for every deduction they are eligible to take, to pay their fair share to the government and not a penny more. But don’t make the common mistake of muddling your personal and business finances. When you have clear records of all business expenses, it’s easier to have that information if the IRS does decide to audit your business.

In this session, you’ll learn:

  • How to separate church and state in your business finances
  • Why separate business accounts help you maintain business records
  • Why you need to keep a daily mileage log

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Edwin Bevens

Edwin Bevens

Edwin Bevens is the Head Writer and Editor for Tarkenton Companies, and the Editor of With a background in journalism and publishing, Edwin received a 2008 South Carolina Press Association Award for reporting. Developing, producing, and maintaining content across multiple websites, Edwin focuses on helping small business owners find the right match of voice, audience, and medium for every message.