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.
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!
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
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
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!!
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
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!
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.
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
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?
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.
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.
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.
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?
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) ??
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!
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
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?
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.
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
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
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
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?
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??
how hasn’t video hit 1 million views is beyond me. Best tax video i’ve watched since starting my llc
🎯
P
D.a just got a new subscriber hella free game
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
Thank God for your mother Karlton. Damn you are so smart! A real teacher!
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!
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
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
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!!
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!!!
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.
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.
Not going to lie, I can see you put a lot of time into these videos. I'm very impressed.
Excellent video brother. Thank you
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
You so good at this. Thanks for the lectures.
YOU ARE AMAZING, AND YOUR INFORMATION HAS BEEN TREMENDOUSLY HELPFUL!!!
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.
Thank you. Just started a small art business and I’m learning so much!
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
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.
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
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.
this is the best explanation I have heard in years. Informative, classy and funny! Thanks so much!
Thank you for your wonderful video. I just started my LLC and your video has been really helpful.
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.
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.
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.
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?
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 sharing .Good info
Appreciate the breakdown and explanation! Thank you!!
I definitely need a new tax strategist! I ask my CPA questions all the time and never get anywhere.
This information is gold !!!!
Bro… you the truth. My personal zeitgeist. Keep it up! You have my support!
Great Video! Keep Em Coming Sir !
This is a fantastic video, I learned a lot on LLC taxes!
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?
Thanks Karlton, I appreciate you greatly!
He does not know what he is talking about
Omg 😱 I just found you. Your a godsend
Awesome brotha, thankyou for ur time and effort
Great video and excellent explanation.
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.
You have so much valuable info!!!! How do estimate utilities in a home office? electricity?, internet? water? what about snakcs, coffee, water?
You give us hope brother!
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!
Question. How you tax a LLC multi member ?? Do you have a video explaining that? Thank you.
Awesome video, just wrote down and learned so mush info, thank you for sharing, nice day
Thank you for sharing your professional knowledge. Your smile is charming 😃
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
How about leases or rented equipment?? Deductible??
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?
Would tools and equipment needed for a job fit in under the category of equipment write off?
Can I sell vehicle to my company to better leverage personal debt income ratio
If I'm in a 2 person LLC, can we both take the home office deduction if we both work from home?
Excellent!!
If I have advertisements on my vehicle is 100% of the driving business now for marketing?
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?
Thank you 😊
For the Augusta Rule, wouldn’t you have to report income on the rent received on your personal tax return?
How about a mobile office, a car, van, truck, motorhome, can that be written off as an office
how about if you finance the car?
I'm here to learn. Thanks
Man! You're so good!
I'm discovering Calif LLC's pay taxes on Gross Income and am not aware of anyway around this? Help!
You're my new hero!
This is solid info thanks!!
Question…are these strategies for business owners who take deductions on a schedule c or for businesses that file forms 940/941 or both?
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.
Good and informative! 👍🏻
When are you going to have another course?
I wished you where here to do my taxes and advise me on llc or s Corp
Are you a tax advisor Karlton
This is a fantastic video.
Watching all your videos boss. From Oklahoma and have a construction company and need some help with taxes.
Straight to the point
❤❤❤you are wonderful ! life saver
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
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
I’m excited to get started 🙏🏽😎
Thanks I'm learning
I appreciate your videos
Excellent thank you tax advice from your team how would one go about receiving this service
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
Awesome information and well described
@Kárltón Dennis Reply ✅
Fair market value- interesting, thank you! I'm assuming the receipt would still be required- for proof :)
Thanks for all information’s
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?
Can you file corporate tax in October?
I love your content!!! Thank you for the way you break it all down!
You just made my day! My mind is blown away by the knowledge that you have on this topic.
If I move my vehicle or laptop to my LLC do they only have to be used for business 100% from that point on in order to depreciate them?
What if your car is a Lease ?
Could I sublease a house I’m renting to myself?
What if you lease the car
if you deduct equipment from taxes for your business can that equipment be taken in the event of a lawsuit?
Sorry to be that guy: "Business", not "Buisness"
Love the content, I appreciate the knowledge!
Sending this to a family member
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??
I haven’t registered (LLC) yet but I’m already subscribed and once “I AM” I’ll invest in your Patreon. (Write-off?)