Video library
TopicsCryptoDeductionsFamilyIrsLlc & S CorpPayrollPersonal TaxesReal EstateRetirementSide HustleSmall BusinessTax Strategy
1:02shorts
Home office expense is only a percentage of your home
You can only deduct the percentage of your home used as an office, not your whole mortgage or utilities.
4 views👍 0
0:56shorts
How I decide if a deduction is too aggressive
I walk clients through whether a deduction like business meals is reasonable before putting my name on the return.
4 views👍 0
1:26shorts
LLC vs S corp and why you need to know the difference
Check your IRS SS4 letter to see if you're a single-member LLC or S corp, since S corps skip that 12% self-employment tax.
7 views👍 0
1:06shorts
Three business deductions most people miss
Meals, mileage, and phone or internet costs are commonly overlooked because people forget to track them or fear audits.
5 views👍 0
1:02shorts
When to switch from sole proprietor to S corp
Switch to an S corp when you're making enough that the self-employment tax savings on profits outweigh the payroll requirements.
5 views👍 0
1:23shorts
Why business owners build wealth faster than W2 employees
Lower your taxable income by taking a smaller salary and using legitimate business reimbursements for mileage, meals, and travel.
6 views👍 0
1:05shorts
How contractors lose their profit margin to hidden costs
The third-third-third rule explains why contractors often have nothing left after paying staff and overhead due to unbid expenses.
5 views👍 0
0:50shorts
You can write off business meals close to your office
There's no IRS rule requiring business meals to be 30+ miles from your office to be deductible.
5 views👍 0
1:21shorts
What counts as a business deduction
If you needed an expense to make your business better or move forward, it's a business expense.
5 views👍 0
1:04shorts
Common business deductions explained quickly
Quick yes-or-no rundown of what counts as a business deduction, from mileage and meals to home offices and travel.
4 views👍 0
1:08shorts
How the IRS catches people who inflate deductions
The IRS computer flags returns where deductions are disproportionate to reported income, like huge mileage claims on small earnings.
4 views👍 0
0:33shorts
Why S corp deductions are my favorite tax strategy
Use your S corp to pay for meals, travel, and miles so you keep more of your personal income.
6 views👍 0
0:40shorts
Do you really need to keep all those paper receipts
Use one dedicated bank account and credit card for business expenses to create automatic records the IRS accepts.
5 views👍 0
1:04shorts
Common business deductions explained quickly
A rapid-fire list of what counts as a business deduction, from mileage and meals to home office and travel.
5 views👍 0
1:06shorts
What to do if you can't pay your tax bill
Bring in last year's taxes for a free review to see if you overpaid.
6 views👍 0
1:06shorts
How buying an airplane can be a 100% business deduction
High-profit business owners can deduct the full cost of an airplane purchase, potentially saving 30-40% in taxes.
5 views👍 0
1:12shorts
Are these three expenses deductible or not
Quick rundown on whether beach work trips, client Christmas gifts, and yearly laptop upgrades are tax deductible.
5 views👍 0
1:02shorts
Why W-2 employees struggle to build wealth vs self-employed
Self-employed individuals have more tax strategies available to keep money that W-2 employees pay to the government.
4 views👍 0
0:47shorts
How to track business expenses without saving every receipt
Use one dedicated bank account and credit card for business to create automatic records the IRS accepts.
6 views👍 0
0:50shorts
When your LLC should become an S corp
If you're paying a lot in self-employment tax as a single-member LLC, it might be time to shift to an S corp.
5 views👍 0
1:41shorts
How to maximize deductible days on a business trip
Travel days plus any half-day business days are deductible, so spacing meetings over a weekend can add extra deductible days.
6 views👍 0
0:41shorts
Your tax preparer should be maximizing your deductions
Many tax preparers avoid legitimate deductions like mileage and meals out of excess caution.
4 views👍 0
1:07shorts
The ribeye effect explains why deductions matter
Business expenses effectively cost half price because you deduct them, unlike W2 wages where taxes come out first.
6 views👍 0
1:09shorts
The tax deductible cruise for self-employed people
Self-employed individuals may be able to deduct a cruise as a business expense.
5 views👍 0
415 videos in this filter