How to Save Money on Taxes with an LLC
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc
#taxes #taxfreeliving #taxexpert #taxreduction
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Looking for the best tax benefits with an LLC? Can you save money on taxes with an LLC? Let's find out...
Here's are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances.
In this video we discuss: How to Save Money on Taxes - LLC Tax Benefits
Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business!
*Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Пікірлер: 260
how hasn’t video hit 1 million views is beyond me. Best tax video i’ve watched since starting my llc
@dlrowadkcuf
Ай бұрын
🎯
@phuong2088
7 күн бұрын
P
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!
@K9HandlerPro
6 ай бұрын
I was just thinking this when I saw your comment! Awesome young man.
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.
@tlungu962
Жыл бұрын
was any of this taught during your studies w/REG? I have FAR & AUD finished, testing for BEC next. Saving REG for last
Excellent video brother. Thank you
YOU ARE AMAZING, AND YOUR INFORMATION HAS BEEN TREMENDOUSLY HELPFUL!!!
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
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
Thank you. Just started a small art business and I’m learning so much!
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.
Awesome video, just wrote down and learned so mush info, thank you for sharing, nice day
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
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.
this is the best explanation I have heard in years. Informative, classy and funny! Thanks so much!
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!!!
You so good at this. Thanks for the lectures.
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?
@ponleusoreyaa
2 жыл бұрын
I wonder if he replies to any questions or concerns. I have the same question.
@hawaiianjoe5587
Жыл бұрын
You don't know, what you don't know.
This information is gold !!!!
Thanks Karlton, I appreciate you greatly!
@wowomg1032
Жыл бұрын
He does not know what he is talking about
This is solid info thanks!!
I’m excited to get started 🙏🏽😎
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.
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.
@wowomg1032
Жыл бұрын
Catch someone else. He is full of shit
@williambrown4357
Жыл бұрын
@@wowomg1032 😳
@wowomg1032
Жыл бұрын
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
Great info. Thanks
Your my fav , you explain so well I wish I had that gift
Awesome brotha, thankyou for ur time and effort
I love your content!!! Thank you for the way you break it all down!
Awesome information and well described
@w1nk66
2 жыл бұрын
@Kárltón Dennis Reply ✅
Straight to the point
Thank you for sharing your professional knowledge. Your smile is charming 😃
Bro… you the truth. My personal zeitgeist. Keep it up! You have my support!
You give us hope brother!
Thanks for all information’s
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?
This is some good information.
Appreciate the breakdown and explanation! Thank you!!
Thanks very very helpful
Thanks!
Good and informative! 👍🏻
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
Thank God for your mother Karlton. Damn you are so smart! A real teacher!
I'm here to learn. Thanks
Not going to lie, I can see you put a lot of time into these videos. I'm very impressed.
I am committed to self-development & thriving.
Man! You're so good!
Question. How you tax a LLC multi member ?? Do you have a video explaining that? Thank you.
Great video
Could you do a video on investment in opportunity zones to reduce tax ?
You're my new hero!
Great vid.
Thanks I'm learning
I definitely need a new tax strategist! I ask my CPA questions all the time and never get anywhere.
This is a fantastic video.
Super helpful
Can you make videos (LLC, S Corp, taxes, etc) for people who do ecommerce, for example Amazon Sellers? Thank!
Question about the Advanced Tax Strategy regarding Payroll. I thought LLC’s don’t pay the owner in payroll? We’re you mainly offering that strategy to the SCorp and CCorp owners? Thanks! Your videos are awesome! New subscriber.
Excellent!!
You are the best Thank you
Thanks for sharing .Good info
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
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) ??
God bless you and thank you
You have so much valuable info!!!! How do estimate utilities in a home office? electricity?, internet? water? what about snakcs, coffee, water?
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
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.
Omg 😱 I just found you. Your a godsend
Thank you 🙏
Thank you.
Thank you
Watching all your videos boss. From Oklahoma and have a construction company and need some help with taxes.
Question…are these strategies for business owners who take deductions on a schedule c or for businesses that file forms 940/941 or both?
Excellent thank you tax advice from your team how would one go about receiving this service
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?
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!
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!!
Thanks 😊
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?
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.
my wife and I own a business, we are thinking about doing an LLC but should we wait till the end of the year for tax purposes or do LLC immediately? We are a very small startup Balloon Art and creative studio. thank you for all your videos and content. You've helped out so so so much! thank you in advance for your time and value.
@ThePartyThieves
Жыл бұрын
Also, with a business only making a couple $1,000 vs. $100,000 per year. Is it even necessary to think about an LLC?
@wowomg1032
Жыл бұрын
Talk to a professional. He doesn't know what he is talking about
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?
For the Augusta Rule, wouldn’t you have to report income on the rent received on your personal tax return?
Hi Karlton, is it ideal to register your newly form business as an S-Corp even though you might not be profitable for the year; or later after you become profitable?
@jblack8867
2 жыл бұрын
Good question.
Can you help file tax and also provide advise as to what needs to be deducted? Jus started a LLC, working for my LLC and am still trying to figure out what I should be deducting at the end of the year. Is there any way to contact you?
Fair market value- interesting, thank you! I'm assuming the receipt would still be required- for proof :)
When are you going to have another course?
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?
Hey Mr Dennis, thanks for the videos. Don't worry about making up words like "Googleable". All words were made up at some point in time.
Awesome. 😃😃😃
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??
Sorry to be that guy: "Business", not "Buisness" Love the content, I appreciate the knowledge!
Sending this to a family member
Very, very, very informative. Did I say it very informative? 😆 👍🏾 💰
Thank God for you ❤
If I have advertisements on my vehicle is 100% of the driving business now for marketing?
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
Would tools and equipment needed for a job fit in under the category of equipment write off?
As an LLC/Scorp, I drive to my office with my vehicle (only a couple miles). Am I still allowed to deduct my car expenses?
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.
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 just made my day! My mind is blown away by the knowledge that you have on this topic.