Pro tip: if you respond to all the comments on your videos (there aren’t many) you will get more engagement, sell more people on your course and get more clients as well
I appreciate this my friend. We're a firm that's growing very fast so we struggle to put out content and engage with our audience. Thank you so much for being so engaged and we looked forward to responding to your comments!
Home office deduction is certainly a red flag with the IRS. However the reality is that you should take educated tax positions so that if you're ever selected for audit, you have the required documentation to backup your position to defend all of your positions. When the IRS audits you, they don't usually challenge just one position, they are "shaking the tree" to collect as much additional back taxes as possible.
Ive beenn thinking about buying your course, i just wanna make sure its worth it, i have seen you in various ecommerce gurus videos and there is a sense or trust there but im on the edge..
Hey my friend! If you currently have an ecom business take the leap! If you don't feel as though you've received $97 of value I'll refund you. That goes for anyone on here!
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](http://i.ytimg.com/vi/5YggWhLeckM/mqdefault.jpg)
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](/img/tr.png)
Intro - 0:00-3:18
1) Accountable Plan - 3:18-7:10
2) How to Deduct your Car - 7:10-20:11
3) How to Deduct your Rent - 20:11-21:32
4) Accountable Plan and Expense Report - 21:32-28:00
5) Gusto Payroll - 28:00-30:08
Is this the same for Canadian taxes ?
We're not sure! Consult with a Canadian tax Professional
So can you sell the car the next following year and pocket all that money into your personal account?
Technically speaking you do still have to consider gain/loss implications whenever you buy or sell a car.
Pro tip: if you respond to all the comments on your videos (there aren’t many) you will get more engagement, sell more people on your course and get more clients as well
I appreciate this my friend. We're a firm that's growing very fast so we struggle to put out content and engage with our audience. Thank you so much for being so engaged and we looked forward to responding to your comments!
Great job Brother. Very clean and informative video.
Marlon my boy, thank you.
Just followed man, cheers for this. Keep it up
Appreciate your content bro !! Keep feeding my mind !!
Valuable content!
Good breakdown. I’ve often heard that a home office can be a red flag that can get you audited. What is your take on that?
Home office deduction is certainly a red flag with the IRS. However the reality is that you should take educated tax positions so that if you're ever selected for audit, you have the required documentation to backup your position to defend all of your positions. When the IRS audits you, they don't usually challenge just one position, they are "shaking the tree" to collect as much additional back taxes as possible.
I am Canadian and would love a breakdown for ecom entrepreneurs dealing with Canadian taxes
Tax professionals in Canada exist! We recommend finding a partner that has expertise in these areas, but for Canada tax law.
Ive beenn thinking about buying your course, i just wanna make sure its worth it, i have seen you in various ecommerce gurus videos and there is a sense or trust there but im on the edge..
Hey my friend! If you currently have an ecom business take the leap! If you don't feel as though you've received $97 of value I'll refund you. That goes for anyone on here!
Chris - Great stuff again. Are there any ecom-focused lawyers you recommend?
Robert Freund Law. The founder is a good friend of mine and a brilliant attorney