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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:49shorts
Single member LLC vs S corp tax differences explained
When your LLC earns enough, self-employment tax may justify switching to an S corp structure.
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1:06shorts
How business owners legally reduce their tax bill
Buy assets, use depreciation, and reimburse yourself to lower taxable profit instead of giving it to the government.
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0:38shorts
How buying an airplane can eliminate your tax bill
High-profit business owners can get a 100% deduction on airplane purchases to offset taxable income.
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1:05shorts
How to maximize your business travel deductions
Upgrade flights, cars, and meals for bigger write-offs, but groceries don't count and entertainment needs a business guest.
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1:07shorts
Why W-2 employees struggle to build wealth vs self-employed
Compares the wealth-building challenges faced by W-2 employees versus self-employed individuals.
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0:54shorts
Why hiding income in cash doesn't work with the IRS
The IRS can trace unexplained cash spending and will audit multiple years if they catch you lying.
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1:06shorts
How to think about business write-offs when you have a W2 job
If you have W2 income plus a side business, maximize legitimate business deductions to lower your overall taxable income.
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1:03shorts
Why business owners build wealth faster than W2 employees
Businesses deduct expenses before taxes while W2 workers pay taxes on their full income first.
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0:58shorts
Why you don't need to fear an IRS audit
If you follow the rules and avoid shady deductions, you have nothing to worry about during an audit.
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1:09shorts
How a 1031 exchange postpones capital gains tax
A 1031 exchange lets you move capital gains to a new property, but you'll pay the tax when you eventually sell.
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1:05shorts
How deductions put real money in your pocket
Business deductions like mileage reimbursement and meals let you move money from your company to yourself tax-free.
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1:21shorts
Business travel expenses are fully deductible
Track all travel costs including first class flights, hotels, rental cars, and mileage — they all reduce your taxable income.
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0:40shorts
How business deductions help you keep more money
Turn everyday expenses into tax-free benefits through a business, then only pay tax on the remaining profit.
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1:01shorts
How 1031 exchanges postpone capital gains tax
A 1031 exchange lets you move capital gains to a new property, but you pay the tax when you eventually sell.
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1:05shorts
The ribeye effect explains why business deductions save money
Business owners can deduct expenses, effectively paying half price compared to W2 employees who pay with after-tax dollars.
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0:51shorts
Year-end business expenses need to happen before December 31st
Review your profit and loss, then make necessary purchases before year-end to deduct them on this year's taxes.
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0:59shorts
How college students can reduce their tax burden
Encourages college students to consult a tax professional to keep more of their earnings.
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1:26shorts
LLC vs S corp and why you need to know the difference
Check your IRS SS4 letter to see if you're a single-member LLC or S corp, since S corps skip that 12% self-employment tax.
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1:02shorts
When to switch from sole proprietor to S corp
Switch to an S corp when you're making enough that the self-employment tax savings on profits outweigh the payroll requirements.
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1:23shorts
Why business owners build wealth faster than W2 employees
Lower your taxable income by taking a smaller salary and using legitimate business reimbursements for mileage, meals, and travel.
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1:16shorts
How to think about business write-offs with W2 income
If you have W2 income and a side business, maximize legitimate business deductions to lower your overall taxable income.
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1:06shorts
What to do if you can't pay your tax bill
Bring in last year's taxes for a free review to see if you overpaid.
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1:06shorts
How buying an airplane can be a 100% business deduction
High-profit business owners can deduct the full cost of an airplane purchase, potentially saving 30-40% in taxes.
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1:04shorts
How to deduct rental property losses on your taxes
Self-managing your rental property can qualify you as a real estate professional, turning passive losses into active deductions.
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