Video library
TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
1:13shorts
Deductions Airbnb owners miss because no one checks
Most tax preparers just plug in what you give them without checking for mileage, internet, phone, or cleaning costs.
1 views👍 0
0:47shorts
What would Santa's tax return look like
A fun breakdown of Santa's potential deductions from elf payroll to sleigh mileage to reindeer expenses.
2 views👍 0
0:53shorts
Why people are afraid to claim mileage deductions
You can deduct business miles, but not your commute from home to your first stop or back home at night.
2 views👍 0
0:55shorts
How business trips to resorts can be tax deductible
Travel for conferences, retreats, or client meetings can be deductible if the primary purpose is business.
2 views👍 0
0:36shorts
When to switch from LLC to S corp
There's no magic income number; consider S corp status when you have significant profit to reduce self-employment tax.
3 views👍 0
1:05shorts
Realtor got $22k back after fixing missed deductions
A real estate agent's mileage and meals were barely claimed, so we amended three years and recovered $22,000.
2 views👍 0
0:55shorts
How a side business can lower your overall taxes
Business expenses like meals, travel, and mileage come out tax-free, reducing your taxable profit even if total income rises.
3 views👍 0
1:17shorts
Why rich people seem to pay less in taxes
Business owners use perks, dividends, and loans against stock to lower personal taxable income legally.
2 views👍 0
1:02shorts
Airbnb deductions most owners forget to claim
Many Airbnb owners miss mileage, internet, phone, and cleaning costs because no one reviews their expenses.
2 views👍 0
0:39shorts
Why a bouncy castle can be a business deduction
Expenses that bring customers in, like a bouncy castle at an open house, count as business deductions.
2 views👍 0
1:24shorts
Use one bank account for your business expenses
Track all business spending through one account so you don't miss deductions at tax time.
2 views👍 0
0:11shorts
Where to find me if TikTok goes away
You can find all my tax content on Instagram if TikTok has issues.
2 views👍 0
0:43shorts
When the IRS calls your business a hobby
If your business loses money for years, the IRS may reclassify it as a hobby and limit your deductions.
2 views👍 0
0:39shorts
How a business cruise can be tax deductible
A cruise with business education sessions can be deductible because you're there to learn for your business.
2 views👍 0
1:09shorts
How much of a trip needs to be business to write it off
You need a real business reason for the trip and should spend at least four hours a day on business activities.
1 views👍 0
1:11shorts
The IRS doesn't care how much you spend on business travel
Business travel expenses like first class flights are fine if they're proportional to your income.
2 views👍 0
0:58shorts
How to check if your tax preparer missed deductions
Review your Schedule C or S corp return for mileage, meals, phone, and internet to spot missing deductions.
3 views👍 0
0:35shorts
Tax-deductible cruise for business owners
A business cruise where you learn during the day and have fun at night can qualify as a deductible expense.
2 views👍 0
1:02shorts
You still owe self-employment tax under the standard deduction
Business income under the standard deduction still triggers self-employment tax, even if you owe no income tax.
3 views👍 0
0:47shorts
Business owners can still lower taxes before year end
Review your profit and loss now and pay bills or buy assets before December 31st to reduce taxable profit.
2 views👍 0
0:55shorts
Year-end tax moves for business owners before December 31
Buy equipment, pay bills ahead, or give bonuses before year-end to maximize deductions on your business taxes.
2 views👍 0
0:35shorts
The IRS can reclassify your business as a hobby
If your business only loses money year after year, the IRS may call it a hobby and disallow your deductions.
2 views👍 0
0:26shorts
One wrong click could cost you money on your taxes
Small mistakes on your return can mean missed deductions, so work with someone who knows what's deductible.
2 views👍 0
1:20shorts
Is it deductible? Quick-fire tax write-off answers
Business meals, podcast gear, and even a conference cruise can be deductible if they meet IRS business-purpose rules.
2 views👍 0
415 videos in this filter