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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:46shorts
Deductions don't cheat the system, they shift who pays
When you take a deduction, the person you bought from pays tax on that income instead of you.
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1:13shorts
What tax code 162 actually means for business deductions
Any expense you spend for your business is a business deduction; there's no special list by industry at the IRS.
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0:41shorts
Your tax preparer should ask you questions
A good CPA will talk through your expenses to make sure you're claiming everything you actually spent.
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1:04shorts
The hidden risks of real estate investing they don't tell you
Leveraged rental properties can collapse like dominoes if one fails, and tenants often create costly problems.
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0:48shorts
DBA vs LLC: what they actually mean for taxes
A DBA is just a name you operate under, while an LLC must be paired with a tax classification like sole proprietor, partnership, or S corp.
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0:56shorts
How business expenses reduce your taxable income
Use your business to pay for legitimate expenses like meals, travel, phone, and supplies before calculating profit.
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1:02shorts
You don't need income to claim deductions
Deductions must go on the year you spent the money, even if you had no income from the business yet.
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1:03shorts
What happens if you don't file when you owe taxes
If you owe taxes and don't file, a tax professional can help you figure out the damage for free.
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0:50shorts
How buying equipment saved one client $60k in taxes
A client with $375k profit bought equipment before year-end and saved nearly $60,000 by following depreciation rules.
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1:03shorts
How to get your tax questions answered all year long
Invitation to join a weekly Q&A program where tax questions get answered throughout the year.
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0:59shorts
How business owners write off vacations as conferences
Business travel to conferences with learning activities can be deductible, including hotels and upgraded rooms.
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1:06shorts
You don't need a mileage log for the IRS
The IRS wants to know where you drive and how often, not a daily written log.
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1:05shorts
What's the most money we've saved someone on taxes
We once saved a client four million dollars; if you think you overpaid, send us your return for a free review.
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1:11shorts
We're planning a cruise for clients and followers
Announcement about an upcoming cruise trip with a link to sign up for updates.
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1:06shorts
Why most business owners miss deductions
Many business owners overlook deductions and overpay taxes; a consultation can help identify what you're missing.
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0:58shorts
Three ways small business owners can prepare for 2024 taxes
Get receipts organized, wait for tax documents, and track business expenses paid from personal accounts.
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0:47shorts
How to know if you have a good tax guy
A good tax preparer teaches you something new, not just enters numbers into forms.
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0:57shorts
Business deductions don't cheat the government
When you deduct a business expense, the money goes to someone else who pays tax on it as income.
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1:11shorts
S corp vs schedule C saved this client $60,000
High-income business owner with low overhead saved $60k in self-employment tax by using an S corp instead of schedule C.
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1:03shorts
Home office deductions don't include your whole mortgage
You can only deduct the percentage of home expenses for the space you use, not your entire mortgage or utilities.
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1:24shorts
Why self-employment changes your tax situation
W-2 employees pay tax on everything, but self-employed people deduct meals, mileage, and home office before calculating taxes.
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1:03shorts
Three business deductions most people miss
Meals, mileage, and phone or internet are commonly forgotten because people pay with personal accounts or are scared to claim them.
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1:12shorts
Tax debt settlement ads are usually a ripoff
The IRS already settles debt for people who can prove they can't pay—no need to pay thousands to a middleman.
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1:12shorts
TikTok shop income is taxable even without a 1099
You must report TikTok shop earnings even if you didn't get a 1099 because the IRS can see your bank deposits.
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