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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:26shorts
We're planning a tax-deductible cruise for followers
Announcing a cruise conference where attendees can potentially write off the trip as a business expense.
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1:00shorts
Tax deductible cruise explained as a business conference
A cruise can be tax deductible if structured as a legitimate business conference with professional speakers.
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0:59shorts
What reasonable and necessary mean for business expenses
Reasonable means spending within your means; necessary means it relates to your business purpose.
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1:08shorts
Why your accountant never has time for tax questions
Accountants are too busy with bookkeeping to focus on taxes, which is why tax-only practices can give better attention.
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1:07shorts
What happens if you skip filing taxes for 5 years
Unpaid taxes plus penalties and interest can turn a $12K annual bill into $79K owed to the IRS.
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1:29shorts
How to tell if a rental expense is a repair or improvement
Expense repairs you'll redo in 5-6 years, but depreciate long-lasting items like roofs to avoid IRS penalties.
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1:10shorts
Tax deductions for online businesses and what to avoid
Covers home office, mileage, meals, and computer deductions, plus common mistakes that trigger IRS flags.
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0:57shorts
How to write off a cruise as a business expense
Conferences at sea can be deductible if you combine learning with travel and document it properly.
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0:45shorts
How to make a cruise tax deductible for your business
A business cruise with educational sessions on taxes, investing, and retirement can qualify as a deductible conference expense.
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1:29shorts
Why the IRS knows about your 1099 income even if you don't file
The IRS gets copies of all your 1099s, so ignoring them just means they'll file for you with zero deductions.
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0:51shorts
How to track business expenses with separate accounts
Use dedicated bank accounts and credit cards for each business to keep expenses organized and easy to track.
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1:26shorts
Why expensive tax preparers aren't always better
Pricey preparers often skip legitimate deductions like meals and mileage, claiming they're too risky when they're actually allowed.
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1:30shorts
What real tax strategy looks like vs generic plans
Real tax planning considers your age, retirement goals, and whether you prefer real estate or IRAs—not generic templates.
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0:20shorts
Business conference cruises can be tax deductible
A cruise ship conference focused on taxes and retirement planning could qualify as a deductible business expense.
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0:58shorts
Why you can't write off missed appointments
You never earned the money from no-shows, so there's nothing to deduct and no way to prove it.
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1:16shorts
When DIY tax software works and when it doesn't
W-2 only filers can use any software, but business returns have tricky deductions the IRS watches closely.
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1:02shorts
How business owners can write off a vacation
Attending a business conference can make travel expenses deductible, but you must spend time learning, not just vacationing.
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1:03shorts
How the IRS catches people who inflate deductions
The IRS computer flags returns where deductions are way out of proportion to reported income.
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1:04shorts
How to reduce taxes when your business has lots of profit
Bring in last year's taxes for a free review to see if you overpaid.
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1:01shorts
How we help business owners pay less in taxes
Overview of our approach to minimizing tax burden for business owners.
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0:46shorts
Why I won't share tax horror stories
A tax professional explains they avoid sharing horror stories to prevent clients from making the same mistakes.
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1:24shorts
Use one bank account to track business spending
Keep all business transactions in one account so you can easily total your expenses and not miss deductions.
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1:07shorts
Do you need an LLC to be considered a business
You don't need an LLC or a minimum income threshold to be considered a business for tax purposes.
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1:03shorts
The Augusta rule isn't a free $14,000 deduction
Your employees must actually use your home for business purposes, and family members already living there don't count.
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