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TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
0:34shorts
Tax deductible cruise announcement
Sign up if you're interested in the tax deductible cruise.
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1:04shorts
Will a Doge rebate be taxable income
A rebate of taxes you already paid shouldn't be taxable since it's returning your own after-tax money.
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1:05shorts
Why you still need to file even if the IRS seems chaotic
The IRS computers track your income and will file for you without deductions if you skip filing.
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1:02shorts
How buying an airplane can offset business taxes
A business owner with large profits can use an airplane purchase as a major deduction to save 30-40% in taxes.
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0:49shorts
Why a side business beats a W-2 for building wealth
A side business lets you deduct expenses and save more for retirement before paying taxes, unlike W-2 income.
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1:14shorts
How much income before switching to an S corp
Addresses the common question of what income level justifies converting to S corp status.
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1:06shorts
How business owners can pay less in taxes
Overview of strategies business owners can use to reduce their tax burden.
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1:10shorts
Why business owners pay less tax than W2 employees
Businesses pay tax on bottom-line profit after expenses; W2 workers pay tax on their full income from the top.
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1:11shorts
The fake 50-mile rule for business meals
There's no rule that you must drive 50 miles to deduct a business meal; if it's for business, it's deductible.
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1:07shorts
You can write off business meals close to your office
Business meals are deductible regardless of distance from your office, no 30-mile rule required.
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1:07shorts
Why business deductions aren't cheating the system
Deductions shift taxable income to whoever actually received the money, like a hot potato game.
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0:45shorts
How a business cruise could become tax deductible
A cruise with business education sessions may qualify as a deductible conference expense.
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0:49shorts
How to give bonuses without the tax hit
Use student loan reimbursements or mileage stipends as tax-free bonuses that still deduct for the business.
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0:42shorts
Are GoFundMe payments taxable income
GoFundMe money is a gift so you don't owe taxes, but donors can't deduct it since it's not going to a nonprofit.
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1:02shorts
Why picking up business cards doesn't make your vacation deductible
Taking your family to Florida and grabbing real estate cards doesn't create a legitimate business deduction.
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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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1:05shorts
Are there deductions for W-2 employees?
W-2 employees have limited deductions, but small business owners have more options available.
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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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1:03shorts
Business meal deductions are simpler than you think
If a meal is for business, it's deductible—no special rules about clients or business hours, just keep it proportionate.
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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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0:30shorts
Most small business owners don't understand deductions
Tax advice on YouTube is often misleading; the IRS publishes everything you need on their website.
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1:06shorts
What triggers the IRS to look at your return
Losses that don't match your income or expenses that seem way off can prompt a human review.
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0:35shorts
Inherited IRAs are taxable, unlike regular inheritance
Cashing out an inherited IRA triggers taxes because it's retirement income, not tax-free inheritance.
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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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