Top 5 Tax Write-Offs For LLC’s

Can I get a home office deduction if I filed my LLC with a virtual physical address, but yet I work from home?

I have been running an LLC for more than two years, and though I have been ripping some of the benefits, I would love to have a one-on-one consultation with you to gain more insights

whats the 1st background soundtrack music for this video I want to listen to it as I listen to your videos

I'M A FAN!!!! SUCH WISDOM!!

Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!

How long you been in the game

You mentioned doing business in an office in your home, what if you rent?

It’s so confusing to me why we’re not allowed to claim the cost of the vehicle and the mileage. Both thing cost the business money separately so why would one count towards my income if I claim the other? And my job requires the use of a box truck that is well over 6,000 lbs. If I buy a new one and right off the entire cost of it, am I not allowed to right off mileage for that truck, ever? Like even in subsequent years?

What if I use my RV as my home office? at the time I'm not traveling that much but it's on my property beside my home.. It's only used right now for my LLC website design company.. I still pay A monthly payment on the RV and power and water come from connections from my home.. The RV is over 6000 pounds and I still owe around 30,000 on the RV ..how can I work this to my advantage at tax time

Questions : Does the code 179 (write off of entire car) work for a sole proprietor business tax write off ?

Where are you located sir

179 is only 80% now

Amen
🙏

Good info 👍

Very informative!!! Thanks!!!

Only daydreamers try to get an LLC without an adviser !!! It’s such a blessing that my husband and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what he lacks, he’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!

Hello Sir. Can you clarify if those LLC deductions are in full or only a percentage of it (ie 10 %, only of the total expenses). THX

Very well said, and great information

I bought a truck with my personal social security can I still claim it with my business EIN NUMBER

Thank you great video

Very helpful ideas❤Thank you!

Great video well done

Are all of the following points applicable to a professional LLC as well?

Thank you for the great info! I'm sure someone has already mentioned this, but just in case, the vehicle does not have to weigh 6,000 lbs, but have GVWR (gross vehicle weight rating) of 6,000 lbs (total of what it weighs and what it can carry inside not including towing capacity). Thanks again!

🔥

Fantastic! Thanks for this.

Thank you I will be getting in touch with you

Very good presentation

Too bad this guy doesn’t provide any tax consultations over the phone

Just create an SCorp to begin with.

Excellent

As a first time, new business owner this year, what type of accountant specifically would you suggest I contact about my own tax situation? Just starting up business now and income coming in already, just want to be going about things proper from the start here but not exactly sure where to start in terms of finding a good accountant near me? Tax accountant, certified personal accountant, what's the difference between the two?

Hi, I started my business this year 2023. I started the process of starting the business on 2022. Can i deduct the cost from 2022 for the tax year 2023?

Intro nearly popped my car speakers 😭

The video is very interesting and insightful.

That was helpful thanks .

Thumbs 👍🏽

Thanks A LOT!
Great Advice for Beginners!

Thank so much for making these types of videos it helps me gain the knowledge and information I need for my business

I'm so glad that I understand everything in this video and it's funny this life we live in its a game of monopoly essentially and it takes financial intelligence to learn the rules get good at the game then succeed at the game. Thanks for all the tips and tricks!

you are a gifted teacher, Karlton

Hello my name is Jules I am getting ready to open my Modeling etiquette school in April, I have been studying your videos through and through and I am curious, can I begin building my business and business credit with just an EIN number? Also, can I file taxes and take out deductions with just an EIN Number? Thank you
Sincerely,
Jules Nesby

El que se va tomar esa pastillas la saben a lo que van ! Con tanta information ya es otra cosa . Solo ahi dos responsables el que la consume y el que la vende . Los adolescentes son los que toman esa decisión

You forgot socks and company materials being marketed and consumed...

Does this apply to New Zealand? or is it only for United States?

Does your information apply in European countries?

is equipment and supplies bought bf opening considered start up expense, eg, tables and chairs for a party rental business?

I never realized how many potential tax write-offs I was missing out on as an LLC owner! This video really opened my eyes and gave me some actionable steps to take advantage of these opportunities. Thank you for the valuable information....

Very helpful, thank you. With the recent law changes by Congress, is there any other benefits you can think of?