How to Save Money on Taxes with an LLC

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  • เผยแพร่เมื่อ 15 มิ.ย. 2024
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    Looking for the best tax benefits with an LLC? Can you save money on taxes with an LLC? Let's find out...
    Here's are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances.
    In this video we discuss: How to Save Money on Taxes - LLC Tax Benefits
    Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business!
    *Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
    *Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

ความคิดเห็น • 257

  • @fnKILLJOY
    @fnKILLJOY ปีที่แล้ว +18

    If we could somehow get all of our children to be as absolutely enchanting , handsome , driven & thoughtful as Karlton fn ACHIEVEMENTS UNLOCKED level up humanity!

    • @K9HandlerPro
      @K9HandlerPro 5 หลายเดือนก่อน +1

      I was just thinking this when I saw your comment! Awesome young man.

  • @Fitchett2012
    @Fitchett2012 ปีที่แล้ว +18

    I’m not a business owner, but I’m an ex-operations guy who just finished REG and filed for my CPA designation. That was an excellent breakdown. Thank you for taking the time put this video together.

    • @tlungu962
      @tlungu962 ปีที่แล้ว

      was any of this taught during your studies w/REG? I have FAR & AUD finished, testing for BEC next. Saving REG for last

  • @samuelbrown3326
    @samuelbrown3326 9 วันที่ผ่านมา +1

    how hasn’t video hit 1 million views is beyond me. Best tax video i’ve watched since starting my llc

  • @JRUCOPILOT
    @JRUCOPILOT 2 ปีที่แล้ว +2

    YOU ARE AMAZING, AND YOUR INFORMATION HAS BEEN TREMENDOUSLY HELPFUL!!!

  • @DiamondbackDW406
    @DiamondbackDW406 ปีที่แล้ว +9

    Your channel has been super helpful with my new LLC! Thank you for all your content and knowledge you give us, made a world of difference in helping with the stress of taxes as a W2 employee and starting my own business!

  • @marystephens1626
    @marystephens1626 8 หลายเดือนก่อน

    this is the best explanation I have heard in years. Informative, classy and funny! Thanks so much!

  • @Sonika377
    @Sonika377 8 หลายเดือนก่อน +2

    Karlton! I have not stop listening to your valuable videos today ! I don't even have a business or LLC yet ...lol but what you say is clearing my mind and preparing me going with a better understanding of taxes responsabilities. I also can ask my account better questions to understand my personal situation..Thank you !Greetings from Fort Lauderdale, FL

  • @ptrehabdoc8054
    @ptrehabdoc8054 3 หลายเดือนก่อน

    You’re the first and only person I’ve ever subscribed to. Just subscribed. I just don’t want to miss out on this education. Wow.

  • @DIVA-mi5go
    @DIVA-mi5go 9 หลายเดือนก่อน +1

    You so good at this. Thanks for the lectures.

  • @chairfitcamp
    @chairfitcamp 2 ปีที่แล้ว

    Excellent video brother. Thank you

  • @orizappa1577
    @orizappa1577 ปีที่แล้ว

    wow you are so awesome, i.m so happy to listen to you. Thank you so much for sharing your information.. i already followed so many of your advises. i just want to tell you how grateful i am.

  • @MC-zz2un
    @MC-zz2un ปีที่แล้ว +1

    Thank you. Just started a small art business and I’m learning so much!

  • @huypham9458
    @huypham9458 ปีที่แล้ว +1

    Thank you for all your videos ! I just open a Resturant and it’s been a roller coaster trying to keep up ! I still have trouble with the payroll and paying myself

  • @user-nm6kv1jn6g
    @user-nm6kv1jn6g 11 หลายเดือนก่อน

    This is straight fire just subbed bro

  • @jpcubancuban1502
    @jpcubancuban1502 2 ปีที่แล้ว

    Awesome video, just wrote down and learned so mush info, thank you for sharing, nice day

  • @mindmythfilms1428
    @mindmythfilms1428 11 หลายเดือนก่อน

    Thank you so much, I seen your whole video but will replay it again just to make sure I understood everything. I am about to do my LLC so i am trying to learn before I do so.

  • @zacharywarner1678
    @zacharywarner1678 6 หลายเดือนก่อน

    Awesome brotha, thankyou for ur time and effort

  • @DanielleBallou
    @DanielleBallou 2 ปีที่แล้ว +4

    I love your content!!! Thank you for the way you break it all down!

  • @swetabhatt9012
    @swetabhatt9012 หลายเดือนก่อน

    Appreciate the breakdown and explanation! Thank you!!

  • @user-sc6bf7tw1z
    @user-sc6bf7tw1z ปีที่แล้ว +1

    Your my fav , you explain so well I wish I had that gift

  • @badboy2lox
    @badboy2lox ปีที่แล้ว +4

    Karlton! dude I love your videos....my wife and I are Physician Assistants and started a business- I want you do be on our team! keep up the good work

  • @Bashanvibe
    @Bashanvibe ปีที่แล้ว +2

    As a working musician who works at home and on the road this is must need to know!!! I need to show this to my wife!!!

  • @miguelmontrell996
    @miguelmontrell996 2 ปีที่แล้ว +1

    Thanks Karlton, I appreciate you greatly!

    • @wowomg1032
      @wowomg1032 ปีที่แล้ว

      He does not know what he is talking about

  • @julyrosales
    @julyrosales ปีที่แล้ว

    This information is gold !!!!

  • @dzy1008
    @dzy1008 ปีที่แล้ว

    Very informative... thank you for this video 😁

  • @stephylee7967
    @stephylee7967 2 ปีที่แล้ว

    Thank you for sharing your professional knowledge. Your smile is charming 😃

  • @magpiemoreno6304
    @magpiemoreno6304 2 ปีที่แล้ว

    I’m excited to get started 🙏🏽😎

  • @reneebrown5096
    @reneebrown5096 2 ปีที่แล้ว +6

    I am so excited I came across this page. I am learning so much from you! I’ve been a Business owner for many years and did not know how much I didn’t know until listening to your videos. Thank you! How can I join your other groups for learning and more?

    • @ponleusoreyaa
      @ponleusoreyaa 2 ปีที่แล้ว +1

      I wonder if he replies to any questions or concerns. I have the same question.

    • @hawaiianjoe5587
      @hawaiianjoe5587 ปีที่แล้ว

      You don't know, what you don't know.

  • @dcnfsu2
    @dcnfsu2 ปีที่แล้ว

    This is solid info thanks!!

  • @PravolteLLC
    @PravolteLLC 6 หลายเดือนก่อน

    You give us hope brother!

  • @Javan.e
    @Javan.e 2 ปีที่แล้ว +1

    Such a big Help 👑

  • @Matas05
    @Matas05 ปีที่แล้ว

    Bro… you the truth. My personal zeitgeist. Keep it up! You have my support!

  • @williambrown4357
    @williambrown4357 2 ปีที่แล้ว +1

    Hello, just started catching you a couple of days ago. Glad I found you on youtube. Your information is absolutely great. But this Augusta room is wildly amazing. Never have I ever heard of it and I've been kind of paying attention to Texas for a couple of decades. Amazing, and thank you.

    • @wowomg1032
      @wowomg1032 ปีที่แล้ว

      Catch someone else. He is full of shit

    • @williambrown4357
      @williambrown4357 ปีที่แล้ว

      @@wowomg1032 😳

    • @wowomg1032
      @wowomg1032 ปีที่แล้ว +1

      He is used business vocabulary without knowing what it means. This is an llc video right. Why is he talking about corporate things. BTW llc stand for limited liability companie not corporation

  • @w1nk66
    @w1nk66 2 ปีที่แล้ว

    Awesome information and well described

    • @w1nk66
      @w1nk66 2 ปีที่แล้ว

      @Kárltón Dennis Reply ✅

  • @jkp7096
    @jkp7096 2 ปีที่แล้ว

    Great info. Thanks

  • @estebangarcia7057
    @estebangarcia7057 ปีที่แล้ว

    Straight to the point

  • @gladysroth7471
    @gladysroth7471 7 หลายเดือนก่อน

    Thanks I'm learning

  • @Nonsequitor415
    @Nonsequitor415 10 หลายเดือนก่อน

    Good and informative! 👍🏻

  • @laconsultant
    @laconsultant 6 หลายเดือนก่อน

    Not going to lie, I can see you put a lot of time into these videos. I'm very impressed.

  • @Attemptedvelocity
    @Attemptedvelocity 11 หลายเดือนก่อน

    I'm here to learn. Thanks

  • @kazemmousavii
    @kazemmousavii ปีที่แล้ว

    Thanks for all information’s

  • @Jahguaar
    @Jahguaar 2 ปีที่แล้ว

    I am committed to self-development & thriving.

  • @blazetheengineer.230
    @blazetheengineer.230 4 หลายเดือนก่อน

    Thank God for your mother Karlton. Damn you are so smart! A real teacher!

  • @magdyissa3339
    @magdyissa3339 6 หลายเดือนก่อน

    Man! You're so good!

  • @Justicex
    @Justicex 2 ปีที่แล้ว

    This is some good information.

  • @ObstructionlightingTech
    @ObstructionlightingTech 2 ปีที่แล้ว +1

    You just made my day! My mind is blown away by the knowledge that you have on this topic.

  • @BlackNilesecurity
    @BlackNilesecurity ปีที่แล้ว

    I clicked on your video because I noticed that you took a lot of time to set up your lights. If nobody tells you, I appreciate good cinematography and the fact you've taken time to avoid small things like a ring light showing up in your reflections

  • @spookybooscarystorytime
    @spookybooscarystorytime 9 หลายเดือนก่อน

    You're my new hero!

  • @luishondas
    @luishondas 2 ปีที่แล้ว

    Thanks very very helpful

  • @phoenixrising4031
    @phoenixrising4031 7 หลายเดือนก่อน

    This is a fantastic video.

  • @_WhereAreWeNow
    @_WhereAreWeNow ปีที่แล้ว

    Thank you.

  • @Joe124100
    @Joe124100 2 ปีที่แล้ว

    Great video

  • @JenniferCollie
    @JenniferCollie 11 หลายเดือนก่อน

    Thanks!

  • @mdivito11
    @mdivito11 11 หลายเดือนก่อน

    You are the best
    Thank you

  • @shannonduncan6548
    @shannonduncan6548 7 หลายเดือนก่อน +1

    Man your videos are priceless... As a new LLC what kind of stuff as a website designer that also has a full time job what are the type of things besides computers and equipment plus programs subscriptions can I write off as a deduction.. Im really at this point just spending money to get my business off the ground.. Basically working for free building my business portfolio.. I have my EIN and a business bank account.. Can you point me to the best person to talk to going forward... Thanks in advance!!

  • @d.e.brenner2930
    @d.e.brenner2930 ปีที่แล้ว

    Great vid.

  • @Stayhydrated736
    @Stayhydrated736 ปีที่แล้ว +1

    I definitely need a new tax strategist! I ask my CPA questions all the time and never get anywhere.

  • @jacobp9767
    @jacobp9767 2 ปีที่แล้ว

    Super helpful

  • @lynnporiumartdecor8348
    @lynnporiumartdecor8348 ปีที่แล้ว +1

    Great information! Question on Augusta Rule: what if I use my garage to store equipment and also purchased a shed placed on my property to store overflow food I use in my restaurants? I can rent those to my business?

  • @jeffteague4341
    @jeffteague4341 2 ปีที่แล้ว +5

    As expected your LLC information is spot on. I as an individual pay very little taxes because of
    "The Tax Savers Club". They showed me how to not pay taxes legally by following the laws governing taxes outside of the IRS regs.

  • @samueliglesias9530
    @samueliglesias9530 6 หลายเดือนก่อน

    God bless you and thank you

  • @user-ig9jq1nx9q
    @user-ig9jq1nx9q 4 หลายเดือนก่อน

    Excellent!!

  • @sharikennybrew958
    @sharikennybrew958 2 ปีที่แล้ว +2

    Omg 😱 I just found you. Your a godsend

  • @deancantave5233
    @deancantave5233 10 วันที่ผ่านมา

    This is amazing information. I’m curious to know what you’re using to do this presentation? Do you mind sharing the pad and the software you’re using? Thank you Karlton!

  • @ibless7349
    @ibless7349 ปีที่แล้ว

    Thank you 🙏

  • @jasonstieber2589
    @jasonstieber2589 2 หลายเดือนก่อน

    Thank you

  • @lechugaevencio6718
    @lechugaevencio6718 2 ปีที่แล้ว

    Thanks 😊

  • @cameronmanning8606
    @cameronmanning8606 2 ปีที่แล้ว

    Sending this to a family member

  • @hanlinli4663
    @hanlinli4663 2 ปีที่แล้ว

    Could you do a video on investment in opportunity zones to reduce tax ?

  • @janeljohnson5357
    @janeljohnson5357 11 หลายเดือนก่อน +2

    Wondering if things like the Augusta rule and IRC 179 + bonus depreciation can be utilized by each owner of a multi member LLC (2 owners filing self employment taxes separately 50/50 ownership) ??

  • @user-vm5vn8ss7m
    @user-vm5vn8ss7m 8 หลายเดือนก่อน

    Thank God for you ❤

  • @isaiasherrera83
    @isaiasherrera83 ปีที่แล้ว

    Watching all your videos boss. From Oklahoma and have a construction company and need some help with taxes.

  • @cristianacosta3393
    @cristianacosta3393 2 ปีที่แล้ว +2

    Question. How you tax a LLC multi member ?? Do you have a video explaining that? Thank you.

  • @juanduran8156
    @juanduran8156 2 ปีที่แล้ว

    Very, very, very informative. Did I say it very informative? 😆 👍🏾 💰

  • @monicacolegiosantamaria9573
    @monicacolegiosantamaria9573 4 หลายเดือนก่อน

    You have so much valuable info!!!! How do estimate utilities in a home office? electricity?, internet? water? what about snakcs, coffee, water?

  • @ErnestoMunoz2075
    @ErnestoMunoz2075 3 หลายเดือนก่อน

    Awesome. 😃😃😃

  • @ajwilson3446
    @ajwilson3446 ปีที่แล้ว

    Excellent thank you tax advice from your team how would one go about receiving this service

  • @jagged555
    @jagged555 2 ปีที่แล้ว

    My guy. Another awesome video. Thanks.

  • @DavidHarveyWV1
    @DavidHarveyWV1 3 หลายเดือนก่อน

    Even as great as you are breaking this down its making my head hurt lol especially when it comes to paying myself and pay taxes.

  • @lmcritch
    @lmcritch ปีที่แล้ว

    Question about the Advanced Tax Strategy regarding Payroll. I thought LLC’s don’t pay the owner in payroll? We’re you mainly offering that strategy to the SCorp and CCorp owners? Thanks! Your videos are awesome! New subscriber.

  • @aguirrerealty1
    @aguirrerealty1 2 ปีที่แล้ว

    Can you make videos (LLC, S Corp, taxes, etc) for people who do ecommerce, for example Amazon Sellers? Thank!

  • @promiseokeh414
    @promiseokeh414 หลายเดือนก่อน

    Thanks for this vital information. What if you bought your car say 2 years before you started a business? Do you still get to write off anything?

  • @dorisborjontax
    @dorisborjontax 8 หลายเดือนก่อน

    Fair market value- interesting, thank you! I'm assuming the receipt would still be required- for proof :)

  • @David-ls2et
    @David-ls2et 2 ปีที่แล้ว

    My guy Karlton got the A1 camera ! lol

  • @HWOWD
    @HWOWD ปีที่แล้ว +1

    so for example when you use depreciation on a property and you do a 1031 exchange does that also work against paying taxes for cost segregation savings

  • @keystohighfinancesandcredi1204
    @keystohighfinancesandcredi1204 ปีที่แล้ว +1

    Question…are these strategies for business owners who take deductions on a schedule c or for businesses that file forms 940/941 or both?

  • @ThreePapaZeroXrayTwo
    @ThreePapaZeroXrayTwo 2 ปีที่แล้ว

    Hey Mr Dennis, thanks for the videos. Don't worry about making up words like "Googleable". All words were made up at some point in time.

  • @dashermorgan
    @dashermorgan 2 ปีที่แล้ว +1

    Mr. Dennis, I need your help man.
    So, I created a fundrise account but when I read the "Prospectus" and subscriber agreement, it became a little intimidating. As a first-time investor the legal jargon a bit much. With all the information there in, you would need an advisor and legal representation to help you understand the information

  • @amyvanderplow5690
    @amyvanderplow5690 ปีที่แล้ว

    When are you going to have another course?

  • @kevinkea7636
    @kevinkea7636 2 ปีที่แล้ว

    Ty

  • @with_lime_ginger_vodka
    @with_lime_ginger_vodka ปีที่แล้ว

    Do you have a video or can you talk about giving a personal loan to your own LLC, say for start up money for supplies?

  • @MercedesAshleyOnline
    @MercedesAshleyOnline ปีที่แล้ว

    You’re hired!

  • @cliffscott9547
    @cliffscott9547 หลายเดือนก่อน

    The "Augusta Rule" is for the Masters Tournament. You don't have to pay taxes on your house when you rent it out....period.

  • @richardbartlett88
    @richardbartlett88 2 ปีที่แล้ว +6

    Also if it's possible would transferring a car still being paid for from personal to business help build business credit

  • @charlenealexander9140
    @charlenealexander9140 ปีที่แล้ว

    Nice! I want you to know Phil Bailey

  • @jseezyfosheezy
    @jseezyfosheezy 2 ปีที่แล้ว

    Sorry to be that guy: "Business", not "Buisness"
    Love the content, I appreciate the knowledge!

  • @ahmedalishah2477
    @ahmedalishah2477 6 หลายเดือนก่อน

    1. Is it necessary for me to make the purchase using my business account for car payments, insurance, gas, maintenance, or any other expenses? Or can I make the payment using any method and simply keep the receipt for my records?
    2. If I purchased my car in November 2022 and registered my LLC in November 2023, am I eligible to write off my car or any other related expenses for the entire year of 2022, or can I only start claiming deductions from the day I registered my LLC?

  • @miguelsandremusic
    @miguelsandremusic 9 หลายเดือนก่อน

    Can I include my monthly subscriptions of my beatstore, virtual instruments that includes a monthly subscription to use them? I mean, I’m paying them in order to compose music for selling and submit for sync, which is technically part of my business.

  • @jeanlaventurejr4988
    @jeanlaventurejr4988 2 ปีที่แล้ว

    What is the proper way to convert my primary property to a living trust and have an LLC manage it to be able to use deduct the home office deduction benefits. I currently work from home now, and want to get an LLC and just want to make that it is set correctly.

  • @AndrewHerrera-mo8rz
    @AndrewHerrera-mo8rz ปีที่แล้ว

    Question for you, the business equipment I used as a deduction for last year's return, can those same amount be used again as a deduction for the following year's tax return? For an example if I used $1,000 computer equipment deduction last year, can I use that same computer equipment deduction on my current tax return, or at a reduced value?