1. Startup/Organizational Costs 2. Office /Technology Expenses 3. Home Office Write Off 4. Cell Phone, Cell Phone Service 5. Cost of Goods Sold 6. All Labor Costs 7. Business Mileage 8. Business Travel 9. Business Meals 10. Business Interest Expense ADVANCED 11. Retirement Contributions 12. Health Savings Contributions 13. Self-Employment Taxes 14. Qualified Business Income Deduction ********************************************
this video is gold. the people that you have as a clients are so lucky .... most people don't understand what's the difference between an accountant and a tax filling prep. I CAN TELL YOU ARE A REAL ACCOUNTANT and speaks all the truth.
If you visit (drive) your bank everyday, walk in, ask about your balance, sometimes products there, that is technically a business expense. Then you drive to a newsstand to buy the Wall Street Journal, which you need to learn about business climate. Sometimes you go to the bookstore too look at business books. There is nothing in the IRS rules that says you have be efficient and do it online. Then on the way, nothing stops you from doing personal errands while you are there. This is all business mileage.
I just want to say, you are amazing! I watch so much of your videos because I want to start a business and I needed to practice my speech/pitch to the bank. I did not know what to expect until I started watching your videos and I got wayyyy more info than I was looking for! Thank you!
If real estate agents can write off their porsches because it’s required to be presentable and exude an image of success required for their business success I don’t see why u can’t write off ur hair expenses that is needed to look presentable. I see it as the same as uniform expenses lol. Of u are a beauty guru on TH-cam if write off everything and anything that goes on ur face haha. No joke.
I am enjoying and benefiting from the knowledge you are sharing. Thank you. Also, my compliments to your ability to produce condensed sets of knowledge with complimentary graphics while doing it with a friendly and welcoming demeanor. You make it look easy. You have the gift.
Wow! You have come a long way in your videos! I have been following your newer stuff and just came across this one. Still great info but love the addition of time stamps and your forthcoming humor in the newer stuff. Great job! 👏 Gives me hope!
Great video!!! Can you go a little more in detail on Goods Sold tax write offs? You mention raw materials, labor, storage, and factory overhead cost can be written off but the example you gave was only the item cost, do we have to choose which of the 5 we want to write off or can they be combined, or is it expected that the cost of the item sold would account for all of those things? Just confused sorry. Also how would storage and overhead factory costs be deducted?
This is on of mr favorite Channels right now and i recently stumbled upon it. I have been watching video after video. Amazing information and all the accountants explain things so simply a child could understand it.
@DJ WarMachine Or you could change the speed settings of your videos. Instead of being a dick. These people create free and helpful videos. Be glad you don't have to purchase DVDs or audiobooks to learn this information.
The problem is you’re TOO TALENTED for you own good. If you have less time than courtesy, just go and pay a CPA. Don’t waist your time watching free TH-cam
It’s not like he doesn’t have time stamps in the description.🙄 And the warm-up was nothing compared to how RICH the content was! Thank you @Lyfe Accounting for this incredible video! You got a new sub from me!
Wow! Thank you! In 2020 myself and business partner founded a nonprofit for Veteran housing. Therefore, during the shutdown we did not qualify for a PPP or EIDL. Too often, much the funding is coming from our own pockets. Any support/direction you can offer will be greatly appreciated.
Thank you my guy this was super helpful. I wish my tax account was this good. He seems to not really care but I can't switch because I have been with his office since I started my business.
What is “cost of tangible personal property or services purchased without payment of sales use tax for business or personal”? I’ve been searching for this answer and it could be so simple but I need help understanding what they’re wanting me to put in this blank. ?? Any help would be appreciated.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I agree. Based on personal experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
What if you own 2 business that are LLC's, how do you write off your home expenses on your taxes? Do you split the write off's between the 2 companies or can the full expenses be written off for both business? The same office space in the home is used, if that is helpful.
I really appreciate the hard work and dedication the team at LYFE Accounting builds into all of their content. These are some very hard working folks and they deserve recognition for being a leading online education and transparency resource for the US TAX Code. To all those working hard each day at LYFE, please know that your work matters.🙌 And yes, I smashed the hell out of the effen LIKE button.
I have a screen printing company and I’m having a hard time understanding what should be considered Office Expenses vs Supplies. Can you do a video explaining the differences?
Man reading comments and I’m in same boat! My company is Liberty T-Shirt Printing. For expenses I included (website domain,rip software, anti virus programs) supples would be your emulsion,inks, shirts etc…
I'm not sure why the tax preparer said I can't use the tex deduction for.office space and supplies! I really need to learn exactly what I can write off for independent contractor work! I now wonder if used the tax write off for paying my car off 2 or 3 days prior to driving for lyft and uber prior in order th be able to afford to start working right away! Now I'll have to see if I can tell by looking over my tax return!
I believe you can contribute up to $57,000 into a traditional retirement savings plan … tax free. That’s trick, but that could really lower your taxable income. Look Into it more, specifically an LLC vs S Corp
What happens when your business loses money? Tax return sent on due date (of course) but can you carry losses forward to the next year to offset profits?
Hi! Thank you for this video! Question: Can you write off something you bought before you started your business? Does the purchase have to come out of a business acct under your business name I order to be considered a write off?
As a tax preparer I have been doing so and want to thank you for opening up this subject for those who are unaware of these benefits. Most contractors have no idea on taxes. I believe 30% of contractors do not file tax returns and come to me after seven or more years to help them. Even after hel;ping them, they fail to pay up even small amount of tax dues and then blame others.
The reason contractors don't file an income tax return is because they prefer to get paid in cash.That is why they charge less than a licensed contractor.People hire them because it is cheap labor.
I subscribed just a few minutes ago. Not many people start enough businesses to think about looking for videos like this but I hope I can mentor a few people into working for themselves and get you more views and subscribers.
My accountant strongly advised me NOT to use my adult kids as any form of “work/business “ write off. I’ve herd others putting family on payroll but I don’t want issues so I won’t.
I just discovered this videos and i love them! I am a new Realtor and I closed 1 deal in 2021. There are also of fees associated with a real estate license and I am glad to know I can deduct these expenses. The recaps at the end of the videos is helpful.
I truly appreciate you taking time out of your day to share these great tax write off tips. I'm currently starting a new business in 2 weeks and your videos have helped me tremendously get in order before we go live. Thank you again, and may God bless you and yours abundantly, in Jesus name🙏
Great video! I am a new e-commerce business owner. Just about have everything up and ready to run and make my first sale. I figured it would be a good idea to look into this side of things before I get deep into making sales and providing services.
What do you do if your business year end is 30 June but tax submission deadline is 18 April? Do you use management accounts to estimate at say 31 March and make an estimated return and payment? If so, when are you do to pay or recover the difference when your accounts are finalised?
Great stuff, I was wondering about writing off utilities. My business uses my basement and garage and uses more than half of my utilities. Its probably twice as much space as my house, but none of my houses square feet, can I write off some of it or no? What about property tax? Thanks for that video, I learned some stuff.
I guess my main question is. Can I do business write-offs on things I pay with personal accounts? My company office is at home, I have an office, use utilities and whatnot, but I pay everything petering to my home with a personal bank account. Can I still write these things off, although paying with personal funds? Or do I need the Company to pay these bills?
Once again another fantastic video and thank you for taking your time and your Professional Knowledge to pass it on to small business owners like myself who self educating themselves and remember the best investment is investing in yourself thank you for the free content Ohio Harley E9
Hey, im doing an online dropshipping business. As you know we dont need any specific place/ office to do that. As long as we have an internet connection. I'm looking forward to buy a house for myself. So can I write it off as my business expenses since i can just do my work from home? Please answer. Btw english is not my first language, i hope u understand my question.
I understand this is an older video, but since it’s on the very topic of my concern, how far back can one go to refill on their tax returns? For example, like your construction client, who has been erroneously filing his returns, how far back (in years) did you go to re-file (amend) his returns?
I have an interesting question. Who worked as a Medicare agent during open enrollment this year which means that all my expenses are in 2021 but my income will be in 2022. How should this be handled?
Thank you for such an informative video! My question is are we required to have reciepts or can we have our expenses written down to make it easier and valid for tax write offs?
Can I deduct the mileage when I drive to Starbucks to use their Wi-Fi or go to the public library to study using my LLC to look for Investments if related to my LLC?
If you enjoyed this video, then you'll love my updated version: 🏆The 30 BEST Business Tax Write Offs th-cam.com/video/cephBVusUS4/w-d-xo.html
14 Biggest Tax Writeoffs
#1 Startup and organization expenses
#2 Office expenses technology and supplies
#3 Home office deduction
#4 Cell phone to cell phone services
#5 Cost of goods sold
#6 All labor costs
#7 Business mileage
#8 Business travel
#9 Business meals
#10 Business interest expenses
#11 Retirement contributions
#12 Health saving contributions
#13 Writeoff self employment taxes
#14 Pass through tax deductions
Valuable info!
THANK YOU for doing this...
Yes just be careful with home office deductible as it’s basically like raising your hand for irs. Make sure it is surely on sqft not 1sqft over
Thanks, I took a screenshot. 👍
I appreciate you so much. Saved me 18 minutes. Now I can go to bed
Thanks dee
Instantly subbed, just started an LLC and you have answered more than SBDC, and the SBA combined. This channel is the best free resource.
That means a lot, Brandon! Thanks.
1. Startup/Organizational Costs
2. Office /Technology Expenses
3. Home Office Write Off
4. Cell Phone, Cell Phone Service
5. Cost of Goods Sold
6. All Labor Costs
7. Business Mileage
8. Business Travel
9. Business Meals
10. Business Interest Expense
ADVANCED
11. Retirement Contributions
12. Health Savings Contributions
13. Self-Employment Taxes
14. Qualified Business Income Deduction
********************************************
Thanks for the condensed version bro😂❤
Awesome!!
@@larecashon6759 Only GOD is AWESOME! 🌄
@@francevenezia Yes He is!! Thanks for the short version of the business taxes though! 👍🏽
Was looking for this! Much appreciated
The quality is insane. You're doing the Lord's work providing this information. Thank you!
More to come! Thanks for supporting the channel.
this video is gold. the people that you have as a clients are so lucky .... most people don't understand what's the difference between an accountant and a tax filling prep. I CAN TELL YOU ARE A REAL ACCOUNTANT and speaks all the truth.
This means so much
He has no pocket protector. How could you tell?
@@morehn whats a pocket protector?
@@perzer3177 something nerds use to protect their shirt pockets from leaky pens.
@@morehn 😅
If you visit (drive) your bank everyday, walk in, ask about your balance, sometimes products there, that is technically a business expense.
Then you drive to a newsstand to buy the Wall Street Journal, which you need to learn about business climate. Sometimes you go to the bookstore too look at business books.
There is nothing in the IRS rules that says you have be efficient and do it online.
Then on the way, nothing stops you from doing personal errands while you are there. This is all business mileage.
The boss requires food in order to do work.
This is true. Now delete ur comment so u don’t get the wrong attention lol
I just want to say, you are amazing! I watch so much of your videos because I want to start a business and I needed to practice my speech/pitch to the bank. I did not know what to expect until I started watching your videos and I got wayyyy more info than I was looking for! Thank you!
You are so welcome! Thank you for watching and I hope you're subscribed :)
@@LYFEAccounting YEs I aM :) SUbSCribEd
thanks for explaining the write offs so clearly and orderly with examples. greatly appreciate everything you put in the video. amazing and helpful!
I loved your videos. I subscribed today and I was taking notes. We small businesses appreciate the information.
Meanss alot to hear that. Thanks for the sub!
We SURELY DO!
As an African American woman, I write off the cost of hair products and hairstyles I wear that are considered " presentable" to the corporate world...
Oooo edgy
You are smart !
If real estate agents can write off their porsches because it’s required to be presentable and exude an image of success required for their business success I don’t see why u can’t write off ur hair expenses that is needed to look presentable. I see it as the same as uniform expenses lol. Of u are a beauty guru on TH-cam if write off everything and anything that goes on ur face haha. No joke.
Unless they are uniforms or logos, they can’t be written off
Wigs can be written off? 🤔
this answered literally every question I had before wanting to start a business. keep up the great work!
Great to hear! Hope you consider subscribing?
@@LYFEAccounting thanks for the reminder. Went ahead and hit sub!
Best of luck with your business!
I am enjoying and benefiting from the knowledge you are sharing. Thank you. Also, my compliments to your ability to produce condensed sets of knowledge with complimentary graphics while doing it with a friendly and welcoming demeanor. You make it look easy. You have the gift.
Wow, thanks Richard!
Hands down best video regardingsmall business tax write offs. Thanks so much for this gem!
Thanks, Stephania. Updated video coming soon.
Yey! I’m excited to start my small business this year and these tips will help me tremendously! Thank you!
You got this!
What’s your business going to be?
One of the most informative, well explained videos I ever seen. Absolutely amazing. I can’t thank you enough for sharing.
Excellent, high quality content. Keep it going.
Much appreciated!
@@LYFEAccounting qqqqqqq
Wow! You have come a long way in your videos! I have been following your newer stuff and just came across this one. Still great info but love the addition of time stamps and your forthcoming humor in the newer stuff. Great job! 👏 Gives me hope!
Best tax write off video there is for people looking to start a business and be on top of taxes from day one. Really well done.
I appreciate that! Thanks.
I enjoyed the video and thank you so much for the tips!
Textbook perfect video - from the way it was executed to the valuable & easily digestible info. This new business owner thanks you!!! 🙌
Great video!!! Can you go a little more in detail on Goods Sold tax write offs? You mention raw materials, labor, storage, and factory overhead cost can be written off but the example you gave was only the item cost, do we have to choose which of the 5 we want to write off or can they be combined, or is it expected that the cost of the item sold would account for all of those things? Just confused sorry. Also how would storage and overhead factory costs be deducted?
Excellent presentation young man!!! Excellent. So proud to see a brother so intelligent and well spoken. Somebody raised you RIGHT!!!
Wow thank you for the kind words ✊🏾
Your office chairs bookshelves, chair .....office fans or ac is all needed. Even office lamp or my headset that I need and use for online
I love the energy and information from this channel. Man I subbed right away .
Welcome to the family! :-) We're just getting started!
@@LYFEAccounting Yes indeed. I have my notebook, memo pads and sticky notes ready. It's Go Time!!!!!!!
This is on of mr favorite Channels right now and i recently stumbled upon it. I have been watching video after video. Amazing information and all the accountants explain things so simply a child could understand it.
The pacing of this video is impossible! Start at 5:50....you’re welcome.
Thanks 🤝🏿
Thank you!
@DJ WarMachine Or you could change the speed settings of your videos. Instead of being a dick.
These people create free and helpful videos. Be glad you don't have to purchase DVDs or audiobooks to learn this information.
The problem is you’re TOO TALENTED for you own good. If you have less time than courtesy, just go and pay a CPA. Don’t waist your time watching free TH-cam
It’s not like he doesn’t have time stamps in the description.🙄 And the warm-up was nothing compared to how RICH the content was!
Thank you @Lyfe Accounting for this incredible video! You got a new sub from me!
Wow! Thank you! In 2020 myself and business partner founded a nonprofit for Veteran housing. Therefore, during the shutdown we did not qualify for a PPP or EIDL. Too often, much the funding is coming from our own pockets. Any support/direction you can offer will be greatly appreciated.
Sat here taking notes thanks.
Excellent!
Setting up to start my own auto detailing business this year and this video is incredibly helpful and insightful beyond words. Thank you !
Thank you my guy this was super helpful. I wish my tax account was this good. He seems to not really care but I can't switch because I have been with his office since I started my business.
Glad you enjoyed it, share it with your accountant!
Thank you so much this is VALUABLE info. A little overwhelming but I get it. I think I will take CPA courses
Literally one of the most knowledgeable video on taxes ! Thank you
Wow, I'm flattered. Hope you consider subscribing?
Subscribed ♡!! Cheers 😎
What is “cost of tangible personal property or services purchased without payment of sales use tax for business or personal”?
I’ve been searching for this answer and it could be so simple but I need help understanding what they’re wanting me to put in this blank. ?? Any help would be appreciated.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I agree. Based on personal experience working with a financial manager, I currently have ($2million) in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
What if you own 2 business that are LLC's, how do you write off your home expenses on your taxes?
Do you split the write off's between the 2 companies or can the full expenses be written off for both business?
The same office space in the home is used, if that is helpful.
Love the break down! Need him as my accountant
This was a very helpful video. Great job, especially the general “rule of thumb” that you should convert to an s-corp at about $130k. Thanks agai.
This was explained very well, thank you so much!
Thanks - Glad it was helpful!
Thank you for sharing this video! I'm in my first year of owning a business and this is immensely helpful!
I really appreciate the hard work and dedication the team at LYFE Accounting builds into all of their content. These are some very hard working folks and they deserve recognition for being a leading online education and transparency resource for the US TAX Code.
To all those working hard each day at LYFE, please know that your work matters.🙌
And yes, I smashed the hell out of the effen LIKE button.
I appreciate this soo much! This is very informative! 🙌🏾🙌🏾🙏🏾🙏🏾
Love the simplicity & explanation of the tax process. I’m looking into being an independent/ self employed. Thanks for your video.
You are so welcome!
Business mal-age
Business mills.
I had no idea what was being said at first. Good info. Thanks for the video.
Great video. I'm wondering why I pay my accountant. She has never mentioned any of these things to me. Thank you for the information : )
Thanks for watching!
Can you deduct startup cost and operational expenses if you will have a loss the first year?
Really well presented info sir! Thanks
So nice of you
Wow I am really enjoying your channel, I am learning so much. Thanks for giving out this information
A lot of expenses I didn't know I could deduct. Thanks for the help.
Happy to help! Thanks for watching.
I have a screen printing company and I’m having a hard time understanding what should be considered Office Expenses vs Supplies. Can you do a video explaining the differences?
Good suggestion; will see if we can add this to the queue
@@LYFEAccounting thanks! 😊
Man reading comments and I’m in same boat! My company is Liberty T-Shirt Printing. For expenses I included (website domain,rip software, anti virus programs) supples would be your emulsion,inks, shirts etc…
Thank you, Sherman. This has helped me SO much.
Glad it was helpful!
Excellent video thank you! Starting my chiropractic business this month!
Love your videos, getting my bookkeeping business started & you’re very informative in all areas.
Thanks, Colie! We're glad its helping. =)
I'm not sure why the tax preparer said I can't use the tex deduction for.office space and supplies! I really need to learn exactly what I can write off for independent contractor work! I now wonder if used the tax write off for paying my car off 2 or 3 days prior to driving for lyft and uber prior in order th be able to afford to start working right away! Now I'll have to see if I can tell by looking over my tax return!
Man, I'm new to this but this video has really opened my eyes.
So glad it is
I believe you can contribute up to $57,000 into a traditional retirement savings plan … tax free. That’s trick, but that could really lower your taxable income. Look
Into it more, specifically an LLC vs S Corp
What happens when your business loses money? Tax return sent on due date (of course) but can you carry losses forward to the next year to offset profits?
Hi! Thank you for this video! Question:
Can you write off something you bought before you started your business?
Does the purchase have to come out of a business acct under your business name I order to be considered a write off?
Great info, I appreciate the knowlege. God Bless you!
Thanks, you too!
Best video I've seen about business tax deduction!
Thank you!
As a tax preparer I have been doing so and want to thank you for opening up this subject for those who are unaware of these benefits. Most contractors have no idea on taxes. I believe 30% of contractors do not file tax returns and come to me after seven or more years to help them. Even after hel;ping them, they fail to pay up even small amount of tax dues and then blame others.
Thank you for your comment, Kishore. I've had my share of experiences with contractors as well.
The reason contractors don't file an income tax return is because they prefer to get paid in cash.That is why they charge less than a licensed contractor.People hire them because it is cheap labor.
They should be in prison
Just found you i can’t stop watching ! Waiting for my llc to get approved then scorp and payroll next !
Okay cocaine, escorts, chauffeur
Be sure to check with your financial advisor since there are certain advantages and disadvantages based on the type of business entity you are using.
Right! Or account or lawyer :)
I subscribed just a few minutes ago. Not many people start enough businesses to think about looking for videos like this but I hope I can mentor a few people into working for themselves and get you more views and subscribers.
I hired my kids to help me and I'll be deducting their labor fees!
Smart thinking
@Maggie Bella, how do I do that?
My accountant strongly advised me NOT to use my adult kids as any form of “work/business “ write off. I’ve herd others putting family on payroll but I don’t want issues so I won’t.
@@michaelreszke3804 my kids are 16 and 13 not adults.
@@lsuarez0202 sorry just now seeing your question. Talk to your CPA to get more accurate information but that's what was suggested to me.
Do these deductions apply to sole proprietary
Yes, they would.
This helped me tremendously! Very easy for me to follow along. Thank you
You are so welcome!
Cut to the chase!
People, save yourself the time and ffwd to 05:50. That's where #1 starts. Informative video!
You might like this video even more: th-cam.com/video/xrxRW5wGRJA/w-d-xo.html
Thank you ,Sherman for such a great video. I have learned a lot.
Glad to hear that!
You have no idea how helpful this is for me!
Minka, your comment means everything. Happy to be a resource!
I just discovered this videos and i love them! I am a new Realtor and I closed 1 deal in 2021. There are also of fees associated with a real estate license and I am glad to know I can deduct these expenses. The recaps at the end of the videos is helpful.
That's a subscribe and like for sure! awesome video! Do u have a video that explains the forms u mentioned(W-9, etc)?
I truly appreciate you taking time out of your day to share these great tax write off tips. I'm currently starting a new business in 2 weeks and your videos have helped me tremendously get in order before we go live. Thank you again, and may God bless you and yours abundantly, in Jesus name🙏
Mikala, good luck to you in starting your business. I am very happy to have been able to help. Wish you a prosperous 2022.
How is your business doing?
Great video! I am a new e-commerce business owner. Just about have everything up and ready to run and make my first sale. I figured it would be a good idea to look into this side of things before I get deep into making sales and providing services.
Love it. The earlier you start, the better.
What do you do if your business year end is 30 June but tax submission deadline is 18 April? Do you use management accounts to estimate at say 31 March and make an estimated return and payment? If so, when are you do to pay or recover the difference when your accounts are finalised?
Great stuff, I was wondering about writing off utilities. My business uses my basement and garage and uses more than half of my utilities. Its probably twice as much space as my house, but none of my houses square feet, can I write off some of it or no? What about property tax? Thanks for that video, I learned some stuff.
Actually I'm going to subscribe, I bet I can find the answer somewhere on your videos. I'm going to watch your new home office one now. Thanks again
I guess my main question is.
Can I do business write-offs on things I pay with personal accounts?
My company office is at home, I have an office, use utilities and whatnot, but I pay everything petering to my home with a personal bank account. Can I still write these things off, although paying with personal funds?
Or do I need the Company to pay these bills?
This is so good. Thank you, sir.
😊
This is a great video! This helped my wrap my head around this whole tax write off concept! Thank you sir!
Glad it was helpful!
Once again another fantastic video and thank you for taking your time and your Professional Knowledge to pass it on to small business owners like myself who self educating themselves and remember the best investment is investing in yourself thank you for the free content Ohio Harley E9
Thanks again!
What kind of small business do you operate Harley ?
I was wondering if your firm deals with 1099 contractors in the trucking business. Thanks for the info. Great video!
Hey, im doing an online dropshipping business. As you know we dont need any specific place/ office to do that. As long as we have an internet connection. I'm looking forward to buy a house for myself. So can I write it off as my business expenses since i can just do my work from home? Please answer. Btw english is not my first language, i hope u understand my question.
I understand this is an older video, but since it’s on the very topic of my concern, how far back can one go to refill on their tax returns? For example, like your construction client, who has been erroneously filing his returns, how far back (in years) did you go to re-file (amend) his returns?
I believe it’s only 3 years
Your videos are great and so thorough! Thanks for providing great content
Awesome job! Great presentation! Very informative and educational especially for new entrepreneurs like me. Blessings to you!
Happy to help! Be sure to subscribe if you haven't already. 😉
List of tax write offs start at 6 minutes in. thanks for posting this video
thank you!
LOL. Loved 1% Chad laughing and drinking a beer while enjoying his tax write-offs at the beginning.
The thumbnail looks like he's telling me about this cool fishing story where he caught a fish this big
😂
Thank you for the video... can i ask where do you put start up expense do you just list it at the bottom of the Sch C and write " Start up" cost ?
Thank you for the info, great video!
Thanks for your feedback! Glad you liked it :)
Opening my business this week and you are amazing! Thanks.
Congrats Keshon! Go crush it with your new business!!!!
Can you do my taxes?
If he’s not able to help you Just let me know and I can help you
Reach out to our team at lyfeaccounting.com
I have an interesting question. Who worked as a Medicare agent during open enrollment this year which means that all my expenses are in 2021 but my income will be in 2022. How should this be handled?
Can I write off paying you guys to do my taxes next year? 😂
you actually can!
You can’t deduct the mileage you drive from home to main office though, not anymore.
Pure Gold!!! #subscribe😍💅
Thanks!!
Where have you been bro!! This was so resourceful!!! 💪🏾💪🏾❤️
Right here. lol Glad we could help!
Thank you for such an informative video! My question is are we required to have reciepts or can we have our expenses written down to make it easier and valid for tax write offs?
Question when you said home did you mean only home owner. Can I write off a portion of my rent if I have my office set up in my apartment also?
Can I deduct the mileage when I drive to Starbucks to use their Wi-Fi or go to the public library to study using my LLC to look for Investments if related to my LLC?
Your delivery is like Neil Patel's (SEO guru) but without the yelling! Good video, very clear.
😂 Thanks! Neil Patel provides amazing info.