Everyday Tax Write Offs for Small Businesses! [24 hr Challenge]

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  • Опубліковано 10 бер 2024
  • Watch this entire video to learn in real life everyday tax write-offs for small businesses!
    Book a Discovery Call: schedule.lyfetaxes.com/discov...
    I’m going to through a 24-hour journey where I share the exact tax deductions that I incorporate in my daily life. Because ultimately my goal for people watching this video, is to start giving you some ideas on tax write-offs you can use to start incorporating on a daily basis as well.
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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 • 61

  • @leiru01
    @leiru01 2 місяці тому +13

    I like this series “day in the life of a tax write off-er”

  • @mosesdelaney8667
    @mosesdelaney8667 2 місяці тому +8

    The BEST quick video on tax write-offs I have ever seen. Great job!!

  • @JCouch444
    @JCouch444 2 місяці тому +2

    That was supper helpful. Just being able to see deductions in action makes it alot easier to understand. Thanks!

  • @Notme55555y
    @Notme55555y 2 місяці тому +2

    Love this!!!! Would love to see one for work travel

  • @THEDOPEGAME
    @THEDOPEGAME 2 місяці тому +2

    Subbed 😎
    Your videos have a good pace and have been very helpful in helping understand my responsibilities!
    Thank you

  • @jordanh4127
    @jordanh4127 2 місяці тому +4

    My wife writes off her gym membership. She runs a large gymnastics program and needs to stay in shape.
    Love your content

    • @mtigress4589
      @mtigress4589 Місяць тому +1

      That's still more of an expense for personal benefit.

    • @johnholding107
      @johnholding107 12 днів тому

      @@mtigress4589says who? You or the IRS?

  • @yinyangcalmness178
    @yinyangcalmness178 Місяць тому +1

    With 3 more days until tax deadlines, I owe for the first time in my working life. I'm confused as to why I owe so much. So now I'm seeking support to lower or reverse my large amount. This is the challenge in itself.

  • @unclezizo
    @unclezizo 2 місяці тому +1

    Oh, man! Welcome back. We missed you!

  • @FM-yk1yr
    @FM-yk1yr 2 місяці тому

    Great challenge!!!

  • @JRoseBooks
    @JRoseBooks Місяць тому

    This was super clever!!

  • @jaydemilove9166
    @jaydemilove9166 2 місяці тому +1

    I liked the day in the life and business strategy in this video, very informative

  • @staydownpromo
    @staydownpromo 2 місяці тому

    Great info 💪🏾

  • @everybodyfitnessinjax
    @everybodyfitnessinjax 2 місяці тому +1

    I love your videos! Straight to the point and easy to follow. Thank you! 👏 👏

  • @wallye8713
    @wallye8713 2 місяці тому

    AWESOME !!! Huge TY

  • @barcoproductions
    @barcoproductions 21 день тому

    I really enjoyed this!

  • @lifeofyanique381
    @lifeofyanique381 2 місяці тому

    Great Video !!!

  • @OriginalCreek_478
    @OriginalCreek_478 Місяць тому

    One of the best videos out on UA-cam right now! Will be sharing with my family! 🫡

  • @AshleyOwens-kc1hr
    @AshleyOwens-kc1hr Місяць тому

    Love this

  • @kasiwilliams5927
    @kasiwilliams5927 2 місяці тому

    Great video thanks for sharing.

  • @Jason4Star
    @Jason4Star Місяць тому

    Smart planning dude. I love it.

  • @deenlyfe
    @deenlyfe 18 днів тому

    Great Insight and valuable nuggets,thanks for sharing 🙏

  • @dgunnslate
    @dgunnslate 2 місяці тому

    These a great, useful tips! This is perfect I formation to share with my bookkeeping clients. Please do continue sharing tips like these!

  • @ReggieReg99
    @ReggieReg99 2 місяці тому

    Great video, loved the hack with the Gym included in the office membership +++

  • @carlosalfonso9902
    @carlosalfonso9902 2 місяці тому

    Great video. Love the concept of this method of education - practical application! More of these, please.

  • @MaestraInMontana
    @MaestraInMontana 2 місяці тому

    Thank you so much for the extremely helpful information! You guys will be my Top 1 tax prep partner once I go full speed towards my dream business. New subscriber here!! 🙏👏❤️

  • @user-yp9oq2qm6z
    @user-yp9oq2qm6z 2 місяці тому

    Great information Sir,thank you.

  • @isaiahhawkins5049
    @isaiahhawkins5049 2 місяці тому

    You have a great endgame tactics.

  • @shawnjamesbenosa7709
    @shawnjamesbenosa7709 Місяць тому

    damn!! good stuff!

  • @iramgonzalez9762
    @iramgonzalez9762 8 днів тому

    What if your business meals are at your home office? Example you order food for delivery and then do a business zoom meeting

  • @snowbarnes
    @snowbarnes 2 місяці тому

    Great info! Are meals associated with business travel 100%?

  • @nicoletriplett8690
    @nicoletriplett8690 Місяць тому +1

    Hello,
    Do you contract for speaking engagements virtually for business cohorts?

  • @josettedessalines6389
    @josettedessalines6389 2 місяці тому +1

    I want you guys to do my taxes. I don't think other accountants are taking advantage of these strategies.

  • @steverodriguez9041
    @steverodriguez9041 2 місяці тому

    Great challenge! One you can expound on as you make the challenge more...challenging...🙄

  • @SaraMeeks-hy5tx
    @SaraMeeks-hy5tx Місяць тому

    So how do you do it. Do you keep like the physical receipts? 🤔

  • @haimeedwards1120
    @haimeedwards1120 2 місяці тому

    Lyfe accounting i missed you on this channel can you do more videos on this channel its been so long. Also you did 2022 2021 and 2023 is there any grants for 2024???

  • @oscarhernandez8693
    @oscarhernandez8693 23 дні тому

    🎉🎉🎉

  • @josettedessalines6389
    @josettedessalines6389 2 місяці тому +1

    hi new subscriber here. Thank you

  • @patriciarivers5751
    @patriciarivers5751 2 місяці тому

    Perfect

  • @olayemiaguda842
    @olayemiaguda842 21 день тому

    Please when can a new struggling and with no profit business file tax

  • @ZeitlinBrothers
    @ZeitlinBrothers 2 місяці тому

    Is there any way to contact you about business? (this is not spam lol)

  • @bitrich
    @bitrich Місяць тому

    The system is so fd

  • @Eliqueme
    @Eliqueme 2 місяці тому +1

    W

  • @ATTIQOP
    @ATTIQOP 2 місяці тому

    Bro am really confused if I buy a house from my money that is my income from my business that will be a large amount and it will get taxed a crazy amount too how can I reduce it

    • @memoriacrowncollection
      @memoriacrowncollection Місяць тому

      Look into getting a business that needs a Airbnb so you can use it as a write off for the business

  • @VAH2112
    @VAH2112 2 місяці тому +1

    Are 1099 workers eligible for these tax write offs?

    • @LYFEAccounting
      @LYFEAccounting  2 місяці тому +1

      Yes!

    • @yinyangcalmness178
      @yinyangcalmness178 Місяць тому

      Great question. 1099-NEC. Using TurboTax this year. And I'm not sure why I owe so much. Trying to find ways to lower the amount.

  • @ban_tik_tok
    @ban_tik_tok 2 місяці тому +1

    This is what BLK youth should be learning INSTEAD of trying to be "aspiring rappers" 🤦‍♂️👍

    • @bdm8960
      @bdm8960 2 місяці тому

      Ur comment and thoughts are not needed

    • @ban_tik_tok
      @ban_tik_tok 2 місяці тому

      @@bdm8960 You need a REALITY check❗To me it seems you're in Denial. Aspiring rappers are RUINING the community. They need to GO 👎👎