Hello, I started a cargo van transportation business 2month ago by buying a new van. and however, i learned in one of your videos that I need to register my business in the state where i live. but my question is what should I do for the time I work with out registaring my business ???? and when i register The LLC which Tax filing status is good for the time being.please help me or guide me on how to fix this??? Thank you for all your wonderful and very informative video. Is their a way I can contact you to get a consultation?
Thank you for this! I’ve been on the edge about forming an LLC, but have been working on researching and wanted to see if I could get some insight or pointed in a direction on which professional I could consult with. I’m in the early stage of launching my vending machine business. I currently have 3 machines which I bought used and have been operating for 3 months now grossing about ~$100/mo. I’m looking to scale, but don’t want to come completely out of pocket as I’ve done so thus far. Cost is definitely a limiting factor as it stands as a 22 year old trying to be very calculated in how much I’m willing to risk. I also live in California where it’s $800/yr franchise tax (which I believe is waived until December 2023). Working on the timing for everything. My current costs are the following: Startup costs -Business cards, brochures Organizational costs -CA LLC franchise tax(?) Office expenses/tech -iPad (I was under the assumption only up to 50% can be deducted for business use) -Money counter COGS -3 vending machines ($1800) -$15/mo commission paid to 1 location (Qualify as a commission/affiliate cost?) -The snacks/drinks I vend
You said: "Meals with a client" Here is my daily experience: I'm a home care nurse. Every day I go to work I buy a client a meal and we eat together. Well,... I buy 2 meals (one for me one for her). If I don't bring her a meal she's angry and won't let me do my job (trach care, suction, cough assist, bathing, ROM, ambulation). Basically, if I don't give her a meal as soon as I get there at 2:00 PM, she will tell "Don't touch me" so I can't do my job. Moreover, she keeps mentioning that she's looking for another home care nurse/agency. I'm spending about $25/day for her part of the meal. But I don't get receipts because I buy my meal (and hers) with cash from a food truck that doesn't give receipts. I know that I can't deduct my meals, but can I deduct her meals ($25/day for 365 days)? Thank You.
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](http://i.ytimg.com/vi/5YggWhLeckM/mqdefault.jpg)
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](/img/tr.png)
This is so easy to follow and understand thank you I'm getting ready to start my LLC and your channel is helping so much!
Thank you! Very helpful!
Thank you so much you and your other members have been great informants I greatly appreciate it! Thank you!
Thank for you and your channel you are a blessing💪💯🙏
Awesome information as usual!
Again… GREAT INFO FROM LYFE ACCOUNTING…
Thank you 💰
Game Changer....Thanks
What happens if my startup expenses and organization expenses are less than $5,000 a piece and I made no income in my first year of business?
wildly helpful thank you!
Thanks for the information.
Thank you soooo Much❣️❣️❣️🙏🏽
Great info !! 👍
Thank you so Much !!!!!🙏🏽♥️
Should I start my business now, in 2022 or wait until next year?
Wow ❤️ this
If I use an accountant to do my business and personal taxes, can I deduct their fee?
Hello, I started a cargo van transportation business 2month ago by buying a new van. and however, i learned in one of your videos that I need to register my business in the state where i live. but my question is what should I do for the time I work with out registaring my business ???? and when i register The LLC which Tax filing status is good for the time being.please help me or guide me on how to fix this???
Thank you for all your wonderful and very informative video. Is their a way I can contact you to get a consultation?
#knowledge #goodgame
TFS
Thank you for this!
I’ve been on the edge about forming an LLC, but have been working on researching and wanted to see if I could get some insight or pointed in a direction on which professional I could consult with.
I’m in the early stage of launching my vending machine business. I currently have 3 machines which I bought used and have been operating for 3 months now grossing about ~$100/mo. I’m looking to scale, but don’t want to come completely out of pocket as I’ve done so thus far.
Cost is definitely a limiting factor as it stands as a 22 year old trying to be very calculated in how much I’m willing to risk. I also live in California where it’s $800/yr franchise tax (which I believe is waived until December 2023). Working on the timing for everything. My current costs are the following:
Startup costs
-Business cards, brochures
Organizational costs
-CA LLC franchise tax(?)
Office expenses/tech
-iPad (I was under the assumption only up to 50% can be deducted for business use)
-Money counter
COGS
-3 vending machines ($1800)
-$15/mo commission paid to 1 location (Qualify as a commission/affiliate cost?)
-The snacks/drinks I vend
Bro how do I talk to a actual person
You said: "Meals with a client" Here is my daily experience: I'm a home care nurse. Every day I go to work I buy a client a meal and we eat together. Well,... I buy 2 meals (one for me one for her). If I don't bring her a meal she's angry and won't let me do my job (trach care, suction, cough assist, bathing, ROM, ambulation). Basically, if I don't give her a meal as soon as I get there at 2:00 PM, she will tell "Don't touch me" so I can't do my job. Moreover, she keeps mentioning that she's looking for another home care nurse/agency. I'm spending about $25/day for her part of the meal. But I don't get receipts because I buy my meal (and hers) with cash from a food truck that doesn't give receipts. I know that I can't deduct my meals, but can I deduct her meals ($25/day for 365 days)? Thank You.
Need receipts in case of an Audit.
How does Invisalign/dental 🪥 deductions work for business?