🚨 Business Owners: Do This BEFORE 2024 To Reduce Your Taxes

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  • Опубліковано 5 чер 2024
  • Business Owners: Your next tax bill is coming.
    Let this video be your warning. 2023 is winding down which means Uncle Sam is on his way.
    And if you do not make some key moves before December 31st, there will be very little that you can do to reduce the amount of taxes you have to pay.
    So in this video, I want to give you 3 moves you can make to shave thousands, if not tens of thousands of dollars off your next tax bill.
    Subscribe: bit.ly/2HJlq46
    Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos!
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    Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

КОМЕНТАРІ • 25

  • @josephinebardot8403
    @josephinebardot8403 21 день тому

    Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!

  • @TirraOmilade
    @TirraOmilade Місяць тому

    Here because Uncle Sam just showed up at my door. Lol Watching now to avoid this next year!

  • @JustPhil-yw6bt
    @JustPhil-yw6bt 9 місяців тому +2

    Another great video. Keep it up!

  • @Aman-rp7yj
    @Aman-rp7yj 7 місяців тому +1

    What an excellent video!

  • @HouseofSamiah
    @HouseofSamiah 6 місяців тому

    Thank you beautiful for your wisdom and sharing it !

  • @hashirllc
    @hashirllc 8 місяців тому +2

    HEY first of all thank you very much for these type of informationl videos and the way u teaches is awesome. Just one request if you can make a video on ecommerce like US or non-US residents who form LLC's and then do ecommerce on that like amazon fba wholesale. Which type of taxes will they pay as an LLC owner doing e commerce on that LLC.

  • @SweetLove86761
    @SweetLove86761 9 місяців тому +5

    You guys are so informative I've learned so much from your channel ❤

    • @LYFEAccounting
      @LYFEAccounting  9 місяців тому +1

      Thank you, we're happy to be a resource for you.

  • @JulianoGSF
    @JulianoGSF 7 місяців тому

    Good information

  • @AdeAde0224
    @AdeAde0224 9 місяців тому

    Great video

  • @madstarr2
    @madstarr2 9 місяців тому

    All good info for Business Owners. How about doing a video like this for W2 workers.

  • @CC-ip3ve
    @CC-ip3ve 6 місяців тому +1

    If you reduce your total income, wouldn't you then have to reduce your distributions as an S-corp, to make the wages to distributions ratio balance accordingly?
    Maybe I'm uncertain how wages and distributions work exactly.

  • @Top_Geezy
    @Top_Geezy 8 місяців тому

    Can you make a video on what taxes a llc owner pays each month

  • @emailtize
    @emailtize 8 місяців тому +1

    What if the biz made profit but there’s no more cash in the bank? 😅

  • @JulianoGSF
    @JulianoGSF 7 місяців тому

    Please provide more information on the 300k retirement savings

  • @invictus_1511
    @invictus_1511 8 місяців тому +1

    How can you save upwards of 300k a year to save on taxes??

  • @Ed-xo7mr
    @Ed-xo7mr 5 місяців тому

    If I buy a home and rent out my basement is there any tax deduction?

  • @jamescrenshaw5097
    @jamescrenshaw5097 9 місяців тому

    On the waiting until the new year to deposit a check you received, isn’t this the doctrine of constructive receipt? If you have delivered the goods or provided the service, and have been paid by check before year-end, I thought it is income at that point

    • @mtigress4589
      @mtigress4589 9 місяців тому

      It is income when received. He gave terrible advice that could get someone in trouble in the future.

  • @laluetperez
    @laluetperez 9 місяців тому +1

    With this said, what are the thoughts on Grants?

    • @Fakky854
      @Fakky854 8 місяців тому

      Hello friend, do you really need solutions to your financial life? Because this video was not helpful at all when I exhausted the steps but it didn't work, not until *BRANDYJAMESTX* was recommended to me a great hero

  • @S_Kane
    @S_Kane 9 місяців тому +1

    0:05 i will

  • @AilaK_
    @AilaK_ 9 місяців тому

    Long shot but do you know of anyone looking for a serious hard working employee for a remote job that I can send my resume to? I have over 15 years customer service experience, over 10 years call center roles and over 3 years working remotely

  • @samantha.almonte
    @samantha.almonte 7 місяців тому

    Invest in your business to elevate it! I design modern websites.

  • @user-rq7zd8qr6p
    @user-rq7zd8qr6p 4 місяці тому

    Quran the prophet Idris