15 Biggest Tax Deductions For New Business Owners
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- Опубліковано 29 чер 2024
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*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.
#taxes #taxfreeliving #taxexpert #taxreduction #llc
#taxes #taxfreeliving #taxexpert #taxreduction
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Welcome back to Taxes Made Simple.
If you are a business owner, watch this video till the end to avoid overpaying in taxes to Uncle Sam.
So many tax payers are unaware of the savings that are available to them when you properly tax plan, and track your business expenses.
Watch till the end to get the most out of this video, and leave me any questions or comments below.
*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.
![How Much Should LLC Owners Save for Taxes? [Budgeting 101]](http://i.ytimg.com/vi/pcGBaX26kfE/mqdefault.jpg)
Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2023. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It's a delicate season now, so you can do little or nothing on your own. Hence I’ll suggest you get yourself a financial expert that can provide you with valuable financial information and assistance
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thanks for sharing this, I googled the advisor you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply
Hey Karlton…Could you make a video or two on tractor trailer companies/business llc’s…As far as write offs,deductions etc?
I will add to my content list. Thank you for the recommendation
Agree with Charles. Love to see info for a Trucking company, especially a single owner operator.
I agree that would be amazing 🤩
Agree please make some videos about trucking business as 1 truck to a small fleet . keep up the good work!! Big fan from Chicago
Yes please do!!!!!! Thanks for the video
I was very impressed when you ended the session with a prayer. I knew it was something extra special about you. You are a man of God. I will definitely connect for your professional services.
Omg he’s so smart, literally the only person I’m going to watch in regards to how to handle my business, bro is giving away free knowledge.
Thank you so much for what you are doing as a business owner I am lost in the tax world and when I get an accountant they never strategize . Even though I see them months before taxes are due they wait to the last minute never talk to me and ruin everything. These videos are an amazing grace and truly appreciate the time you have taken to do them God bless
another excellent video, keep em coming!
First time watching your videos! Learned a lot in 19 minutes! Keep doing what you do my brother!
Thank you, this was delivered in a understandable way for me as a new business owner. I'm excited to be a new subscriber.
Whoever's editing the video must be having a blast! I love your videos! I'm learning so much and it puts me at ease that I can rely on your videos to enlighten me on my new business venture.
This is now my 3rd or 4th video I’ve watched…my goodness…so helpful!! I need to reach out soon…thank you! 🙌🏾🙏🏾🙌🏾
Gave a Thumbs UP less than halfway through the video! Thank you Karlton for being upfront and clear in your explanations, especially for this guy who is trying to formally establish a business identity/structure on my existing rental property.
My mom has an accounting business of over 20+ years, I recently partnered up with her and was having so much trouble understanding everything in depth. How to use what and when. Given my mom is now chronically I’ll and doesn’t have the time and energy to train me as much as I need. (Reason why I partnered with her, she didn’t want to just leave her long term clients but needs to retire and focus on her health) this channel really tremendously has taught me more than i learned through courses and certifications! So thankful for you and your knowledge. Really saving me and my moms business. I want to use this to help our community of entrepreneurs and grow the business with more accounts of high value clients. 🙏🏽🙏🏽🙏🏽
I love how thorough you are in your videos. Thank you for your passion for helping business owners.
Yo karlton you have excellent content, top notch info!!!! I'm so glad I found your channel!!! I've been implementing the things I've heard from you and its paid of in spades
Thanks This is absolutely a great educational channel and I appreciate all the in-depth explanations when it comes to taxes filed in an LLC @C Corp. in an S Corp. I can’t seem to get enough
Thanks for this video and quality content! I will need to watch all these vids! Need much help!
watching your videos daily for great info!
Hi Karlton! Did a complete binge on your videos and they are so informative and easy to understand! I do want to as though if you can create a video for new business startups that have not bought an llc just yet because of not making income just yet but just getting things built. Appreciate you!
Karlton, Love your content. No one explains these things better then you. As a new business owner in 2023, your videos has been helpful and informative, even thou this qas made a year ago. Keep up the good work.
Great video Karlton. You just articulated the deductions I share with my new business owners every year. I wish I could just send them this video.
Thank you for your videos! Just graduated pharmacy school and am setting up a consulting business and love your videos! Gonna help me for sure!
I love your content and appreciate all the advices:)
You are so awesome! Thank you 😊 your clear and concise!!
Great videos! I personally really appreciate them 🙏
Not sure how I found u but playa I gotta say u dropping straight knowledge!!! Of course u know I hit the bell.. Definitely appreciate you helping us lil guys without charging....
you just told me do much stuff that i have never heard before. liked and followed
Hi Karlton, Could you do a video about deduction for those of us who are employees? I think I have done and maxed out everything possible but might have missed something. Thanks and you explain things in an easy to understand way for those of us who are not tax or business experts.
Thank you for the content.
Wish I knew this earlier, but not too late..
Thanks
I just want to say thank you …u have taught me a lot I’m a start new business n the information in every video gives me hope to succeed in my business
Thank you. For the time effort and experience that you share in order to enlighten countless others.
Loving the channel, much love & support good content 🙏👌
Really appreciate your video
Excellent video and really appreciate you for the time and effort to put these together. Keep it up bro
Thank you for sharing all this great information
You r the best I did learn a lot from u keep doing the good work
Thanks for this information, it’s helpful for sure
Great Video! Very helpful indeed!
Wow, this was awesome and so helpful!
Dude, thank you for providing great info. 😃👍
Great info!!!
Great job 👏
I wish I would have heard your content when I first started .....you are a true professional.
°°Thanks for watching°°°
°°°endeavour to write a review for guide°°°°+1 ( 7 3 2 ) 9 5 5 - 7 1 8 7•••
Extremely helpful sir
Excellent information. Thank you
Thanks for the information
This channel is very helpful
Your tip on extending business trips until at least Monday was worth it's weight...
My wife & I are really getting value out of your channel, and I look forward to working together.. Blessings from Vancouver, WA (by way of So Cal!) - JB
Great content thank you for sharing
Awesome content thanks for sharing.
I have been in business for yearssss! I have always been intimidated by taxes! I am solo very glad that I came across your channel during this season of just trying to be the BEST me I can be! I am learning so much! You're going to get me right together! I would love to support your business!
*sooooooo not solo lol
I just happen to stumble upon your channel and I just wanted to say thank you 🙏
Thanks karlton for your tax info. Very useful information not one of my tax guys have ever given any of this info. Greatly appreciated👍
That was an awesome video!! Thank you! I am in need of a knowledgeable CPA.
Wow thank you I will be in touch your content is very educational
So much value!!!!
your awesome man!!
Great informational video.
I like to say you did a outstanding presentation keep the good job.
GREAT CONTENT! Great presentation! Thank you Karlton! This is very helpful man! I will definitely put a tax strategy in place for my new business.
Excellent Content!
You rock Karlton!!
I love love love love your videos. Is there already a video dedicated to business travel? I know you touched on it here.
Thanks for these detailed tax deductions
i love this guy's knowledge
Love your work man!
Thank you bih!!!!
I'm always watching your videos with my mouth open.... Trying to make sense of all this information
You're an angel thank you for the info.
great job, thank you
Thank you!
Thanks for the info
Thank you Karlton
Thank you bro.Thank you.I wish you had a class.I’d but it.
Great video!
Karlton, love your videos. What about garage space where our lawn care equipment is stored.
amazing content
Thank you Karlton , I look forward to contacting your office for tax strategy services.
Thanks for the gems my brother
Do you happen to have a video about taxes while drop shipping and taxes while drop shipping within the state that we have a presence in? You have a great way of explaining things and it's really helped on my journey in the beginning of all this.
Love this
Man unreal. The universe put Kartlons Porsche and tesla video popped up on my suggestions.
I'm 46 years old and an INSTANT fan!
You guys have no idea how blessed you are to have this content and Karlton share this AMAZING content. I'm new in the life insurance (broker) space.
I will 100% call Karl for tax prep when the time comes. Excellent information. Seriously.
Love this content
I'm amped on this
You are amazing , great and intelligent
Wow. Just wow. Thank you.
Thank you
Wow. I really appreciate these videos. I got my EIN and I’ll set up my bank account next month. Then I can pay the furniture and computer for my home office. I’m ready to keep receipts and use quick books to get all I can back.
THIS GUY SHOULD BE MY NEXT INVESTMENT PURE QUALITY AND BEST INFO I HAVE EVR HEARD. THANK YOU SIR
Great video! Would love to see more about write of for contractors with LLC. My husband has his LLC is a contractor, has 2 trucks, delivers for furniture for Jeromes. I see your videos, they are very helpful:) thank you.
I asked my Accountant if I should log actual mileage and vehicle expenses, and he said every client he's ever had has always benefitted more from taking mileage.
Hi Karlton...I’m planning on getting an C Corp. Could you do a video on how to manage one. Thanks for sharing your knowledge
Your the 8th wonder of the world brother I feel like you simplified so much for me
As a small business owner this is best impactful
Omg this video was amazing. N I’m screwed but not next year 🔥
As a rookie. I find your videos the best at explaining stuff
I love your delivery bro. Really well spoken. Thank you for the awesome advice and information. Great job 👊
Hey Karlton, Great video! Tip for you, you can use UA-cam's "Cards" feature on your uploads to link directly to the other videos you mention in the video. That way you get more views on those videos.
Question: I currently work from home exclusively but I want to start traveling fulltime nomad style. I plan to stay in short term rentals like Airbnb. Will I be able to write off part or all of the cost as a business expense similar to the home office deduction strategy? Thanks for all the info you're sharing.
thank you for the tip! You will be able to write off travel, and all items related to you doing business when traveling if they are business related. Keep in mind that in order to take home office, you have to have a signed lease agreement or pay a mortgage.
Could possibly buy a RV to live in under the business to write off and write off the travel expenses as well, right?
🙌🙌🙌🙌. Thank you
I was really nervous starting my llc frantically searching for as much info as possible to make sure I was taking the right path forward. When I found your channel I was finally able to breathe a little bit and gain confidence in my pursuit. THANK YOU! My future generations Thank you aswell . 🤑🤑
I am grateful for your comment. God Bless.
ty boss 🙏
Excellent!
What are the books on the desk behind you???
(I recognize "4 Hour Workweek" back there...)
Please and thanks if anybody knows!
Value Information 🎯🎯🎯‼️