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.
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!!
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
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
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!
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
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.
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?
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.
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.
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
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!
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?
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) ??
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?
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.
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!
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
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
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.
my wife and I own a business, we are thinking about doing an LLC but should we wait till the end of the year for tax purposes or do LLC immediately? We are a very small startup Balloon Art and creative studio. thank you for all your videos and content. You've helped out so so so much! thank you in advance for your time and value.
Karlton or community, if my CPA won’t counsel me on how best to itemize and profit from tax returns legally, not paying them, who is going to do it? ( besides you Karlton). Financial advisors??
Augusta rule! My question is can I use this rule on an office at my apartment complex?! Can my business write me personally a check monthly for this? I can't find answer on this
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.
No. It’s too different things that are used differently. Inventory you’re trying to get rid of. If your equipment is gone call the cops. See it’s different
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.
Hi Karlton, is it ideal to register your newly form business as an S-Corp even though you might not be profitable for the year; or later after you become profitable?
Hello Mr Kalton I love you videos they are very informative and inspiring and I would love to get in contact with you, how can get in contact with you?
how hasn’t video hit 1 million views is beyond me. Best tax video i’ve watched since starting my llc
🎯
P
Thank God for your mother Karlton. Damn you are so smart! A real teacher!
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.
was any of this taught during your studies w/REG? I have FAR & AUD finished, testing for BEC next. Saving REG for last
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!!
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
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!!!
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
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!
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.
The "Augusta Rule" is for the Masters Tournament. You don't have to pay taxes on your house when you rent it out....period.
Only for 14 days a year.
Not going to lie, I can see you put a lot of time into these videos. I'm very impressed.
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.
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
Thank you for your wonderful video. I just started my LLC and your video has been really helpful.
Thank you. Just started a small art business and I’m learning so much!
I definitely need a new tax strategist! I ask my CPA questions all the time and never get anywhere.
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.
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?
I wonder if he replies to any questions or concerns. I have the same question.
You don't know, what you don't know.
I am committed to self-development & thriving.
Your my fav , you explain so well I wish I had that gift
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
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.
this is the best explanation I have heard in years. Informative, classy and funny! Thanks so much!
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.
Catch someone else. He is full of shit
@@wowomg1032 😳
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
YOU ARE AMAZING, AND YOUR INFORMATION HAS BEEN TREMENDOUSLY HELPFUL!!!
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!
You so good at this. Thanks for the lectures.
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?
Question. How you tax a LLC multi member ?? Do you have a video explaining that? Thank you.
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) ??
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?
My poor Jag is getting depreciated from having no garage 😣big time
I haven’t registered (LLC) yet but I’m already subscribed and once “I AM” I’ll invest in your Patreon. (Write-off?)
Thanks for sharing .Good info
You have so much valuable info!!!! How do estimate utilities in a home office? electricity?, internet? water? what about snakcs, coffee, water?
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?
Watching all your videos boss. From Oklahoma and have a construction company and need some help with taxes.
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.
Omg 😱 I just found you. Your a godsend
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!
I was just thinking this when I saw your comment! Awesome young man.
Ima hood nigga from 5th ward Im dedicated my time to listen to you ….. we bout to take over😈👽✌️
This is a fantastic video, I learned a lot on LLC taxes!
Appreciate the breakdown and explanation! Thank you!!
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
Sending this to a family member
Could you do a video on investment in opportunity zones to reduce tax ?
Bro… you the truth. My personal zeitgeist. Keep it up! You have my support!
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
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?
How about leases or rented equipment?? Deductible??
When are you going to have another course?
Thank you for sharing your professional knowledge. Your smile is charming 😃
Awesome video, just wrote down and learned so mush info, thank you for sharing, nice day
Are you a tax advisor Karlton
Great Video! Keep Em Coming Sir !
Great video and excellent explanation.
Fair market value- interesting, thank you! I'm assuming the receipt would still be required- for proof :)
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.
Excellent thank you tax advice from your team how would one go about receiving this service
Sorry to be that guy: "Business", not "Buisness"
Love the content, I appreciate the knowledge!
If I have advertisements on my vehicle is 100% of the driving business now for marketing?
This information is gold !!!!
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.
my wife and I own a business, we are thinking about doing an LLC but should we wait till the end of the year for tax purposes or do LLC immediately? We are a very small startup Balloon Art and creative studio. thank you for all your videos and content. You've helped out so so so much! thank you in advance for your time and value.
Also, with a business only making a couple $1,000 vs. $100,000 per year. Is it even necessary to think about an LLC?
Talk to a professional. He doesn't know what he is talking about
Can you make videos (LLC, S Corp, taxes, etc) for people who do ecommerce, for example Amazon Sellers? Thank!
How about a mobile office, a car, van, truck, motorhome, can that be written off as an office
Excellent!!
Also if it's possible would transferring a car still being paid for from personal to business help build business credit
Awesome brotha, thankyou for ur time and effort
You just made my day! My mind is blown away by the knowledge that you have on this topic.
Thanks Karlton, I appreciate you greatly!
He does not know what he is talking about
For the Augusta Rule, wouldn’t you have to report income on the rent received on your personal tax return?
You give us hope brother!
Karlton or community, if my CPA won’t counsel me on how best to itemize and profit from tax returns legally, not paying them, who is going to do it? ( besides you Karlton). Financial advisors??
If I'm in a 2 person LLC, can we both take the home office deduction if we both work from home?
Would tools and equipment needed for a job fit in under the category of equipment write off?
Question…are these strategies for business owners who take deductions on a schedule c or for businesses that file forms 940/941 or both?
Augusta rule! My question is can I use this rule on an office at my apartment complex?! Can my business write me personally a check monthly for this? I can't find answer on this
how about if you finance the car?
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.
I wished you where here to do my taxes and advise me on llc or s Corp
What about inventory, can that fall under "equipment"?
No. It’s too different things that are used differently. Inventory you’re trying to get rid of. If your equipment is gone call the cops. See it’s different
My guy Karlton got the A1 camera ! lol
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.
Can I sell vehicle to my company to better leverage personal debt income ratio
I’m excited to get started 🙏🏽😎
Thank you 😊
Hi Karlton, is it ideal to register your newly form business as an S-Corp even though you might not be profitable for the year; or later after you become profitable?
Good question.
Show us your tax bill.pls
Do you offer services to do taxes ? I’d love to hire you
Hello Mr Kalton I love you videos they are very informative and inspiring and I would love to get in contact with you, how can get in contact with you?
Thanks I'm learning
Nice! I want you to know Phil Bailey
I'm here to learn. Thanks
Thank you
Very, very, very informative. Did I say it very informative? 😆 👍🏾 💰
I love your content!!! Thank you for the way you break it all down!
Man! You're so good!
Can you file corporate tax in October?
I'm discovering Calif LLC's pay taxes on Gross Income and am not aware of anyway around this? Help!