What Is The Augusta Strategy? And... why it's NOT LEGIT!!!
Some tax firms have been advertising on my channel and in response I've made you this video, so that you don't fall for tax preparers that profess "strategies" such as this... I'll break down what the August Strategy is and why it's not a legitimate strategy.
I'll also talk a bit about hiring pros like this and the main thing to focus on for having all the money you need!
Get ahold of the Business Comparison Spreadsheet Template (to calculate what type of business, saves you the most taxes) here: www.bizschool.coach/bestbizco...
Need help organizing your accounting & taxes? Get the FREE basic Business Spreadsheet template and training! www.amandarussell.mba/gettheb...
Alternatively, I have a complete accounting and tax solution *Master Your Accounting & Taxes*, which you can learn about here: www.bizschool.coach/18stepcourse
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Пікірлер: 11
Always appreciate how u break things down so thoroughly... Also so Dig'n the hair style ...thank u again for all the great info
@businessfinancecoach
3 жыл бұрын
Thank you!!! .... Thank you, it was a lack of complete lack of "styling" so that's nice to hear! 😆
YOU ARE THE GREATEST THING SINCE SLICE BREAD. No 🧢. You are helping me build a lil lesson to empower youth and provide enough clarity to get them started, Then Send Them To Your Channel. Delegation Is Imperative. Appreciate The Inspiration, Knowledge, And Perseverance. TMC 🏁♾💪🏾
very good and thorough.
Great video! thank you
A bit off topic for here, but should we put rental properties into our LLC? I have several rental properties that I both own and/or carry mortgages on. I wanted to roll them into or transfer title to my LLC so that they all transactions happen with in LCC accounts to included the mortgage payments, already verified the bank I use allows transfer of title without pay in full with transfer. Ideas, guidance would be appreciated.
So Augusta homeowners routinely rent out their homes to Masters patrons. ... Any homeowner can use this provision to rent out their home for up to 14 days each year and pay zero taxes on that income
How can you rent out your home to your business to reduce tax liability at the end of year for a single member LLC. Is it possible??
@businessfinancecoach
3 жыл бұрын
As covered in the video - you can't take a deduction for an amount paid to a related party, if that payment isn't reported in the receiver's income... among other issues explained in the video.
A monthly director / officer meeting for a c corporation can be considered ordinary and necessary though, yes? As long as the comps for a equal meeting space are considered. The key being its a business renting the space, regardless if your a person in said business, an employee for example. Thoughts?
@businessfinancecoach
3 жыл бұрын
No, as covered in the video - you can't take a deduction for an amount paid to a related party, if that payment isn't reported in the receiver's income... among other issues explained in the video.