1) start up and organizational cost $5k in first year remaining cost is amortized over next 180 months 2) home office deduction 3) vehicle deductions 4) marketing and advertising 5) self employment tax
@@mmserenityllc this isn't legal advice, consult a CPA or lawyer for that. That being said, from what I've been told, if you show a loss for the year it's basically all a write off. You can show a loss for like 4 or 5 years before it's looked at as a hobby instead of a business. Or something like that
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on RUclips ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *Linux Tech Corps* were so useful and You’re such a blessing!
I bought some stocks in a medical REIT that invested in, well medical properties several decades ago. They only had 7 employees and paid a handsome dividend. The stock price grew steadily over the years and the dividends is very steady. I invested about $1700 at the time and only wished I had bought more! I still have that stock and two others since I retired 13 years ago. I sold off the rest. *850 FINANCIAL ASSESSMENT* is outstanding believe me.
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Marvin and 850financialassessment⊚com was so helpful during the process of boosting my credit
Yes I am a living testimony of Mr. Josh Mr. Josh has changed my financial status for the best. all thanks to my aunty who introduced me to her last year
oh yeah I lost a lot of my saves which I will never try anymore am such an idiot if I think about what I did trading on my own without no expert guild ?
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!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.
Olivia Sullivan Financials is my portfolio-coach, I found her on CNBC where she was interviewed, I looked up her name on the internet. Fortunately I came across her and reached out to her, you can verify her yourself.
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *LINUX TECH CORPS* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Credit Backdoors literally gave me a fresh start. Before, I was stressed out and exhausted from being turned down from lender to lender. As of now, I'm currently in the phase of purchasing a home. I'm more confident and I feel more secure. I want to extend a very big THANK YOU to *Credit Backdoors* .
You saved me because I totally forgot about the Code Section 179 and my CPA was wrapping up my taxes tomorrow and I just reached out to her to add in my SUV!! GOD BLESS YOU
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but 850 FINANCIAL ASSESSMENT info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Wealth is not just about finance, but health and wellness is critical especially in our black community! No need to have stuff and money if you don't have your good health? Rick Ross finally understands this truth now! What does it profit a man/woman to gain the whole world if you don't have optimum health to enjoy it all! Let change the mindset about the diet & wealth in the black community so we can all go up together! Above all things... I wish that you be in good health and prosper even as your soul prospers! God bless you brothers! and remember to use *Linux Tech Corps* for your bad credit and negative credit marks and inquiries removal
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *LINUX TECH CORPS* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but 850 FINANCIAL ASSESSMENT info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Mr John, you probably won’t even see this but I want to thank you front the bottom of my heart for providing this info! This is huge! I really do appreciate it!
Due to long term medical illness in my family our credit suffered lots. Lots in collections but lots saved and being paid on time for 24 month or more, i was doing the wait and see who sues me hoping the statue of limitations run the course first but 4 have sued... when you own something they do come after you no matter what the reason. but after seeing a lot of reviews about *CreditBackdoors⨀Com* i gave them a try to get stuffs off my credit and boost my credit score, im so glad it worked using their service
The earlier you start learning about investing, the easier it will be to pick it up. Financial professionals are difficult to choose and costly to keep, so it is best to manage your own affairs whenever possible.
I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *Linux tech corps* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Monique and *850financial assessment* was so helpful during the process of boosting my credit
You are nothing short of amazing. I had some knowledge prior to your vids. Now you have opened my eyes onto so much more. I was struggling with efficiency and you illuminated a whole new path! RESPECT
I think for Crypto its also about the tech, BTC is like AOL when the internet first came out. We may see other coins come out and be the dominant coin. Same reason Google dominates today instead of AOL. Its pretty simple, all people need to do is move their money a better coin for something they think is better than BTC. The Marketcap for crypto is only going to grow and I see governments getting involved the more crypto gains marketcap. BTC and LTC are not on an element like physical silver and gold, better tech can be evolved and implemented when using *850 Financial Assessment*
1. Start up and organisational cost 0:47 2. The home office deduction 1:58 3. The vehicle deduction 3:32 4. Marketing business expenses 5:30 5. Turning your LLC into an s corporation 6:41
My mother told me as a child that no man would marry me if I have debt. I watched her cut up her credit cards and always had this fear about credit cards and debt. I had to re-educate myself and now I use my credit card for everything, I never carry a balance and I have a credit score of 843. Credit cards are not bad if you know how to utilize them To actually be able to speak to someone and get exact information regarding my circumstances and assistance in clearing my record is priceless. This service is unequaled.Thanks for all your doings FUTUREIMPERATIVE🎡NET
I can’t express how much this info helps me TODAY! I’m a new business owner dealing with this pandemic has been hell for me . This is the Ray of sunshine I really needed!!!!!! I subscribed today and it’s my first time seeing your videos. I appreciate the heck out of you
Thank you for creating such an easy to follow and informative piece on LLC's and S-Corps. You have given me insight and direction at a time when I needed it most. Again, thank you.
*This gives me hope and motivation on the possibilities of owning a home. I am also a single mother. This video demonstrates how women can do it on their own. In my case, it seems impossible since My Credit got Low which always discourage and disqualified me applying for home. So I'm not sure if this nonprofit organization works internationally by helping single mothers or those whose dream to own a home, But i never give up trying ways to increase my credit and clear those negative items I met Linuxtechcorps⨀org, wiped off negative items and increase my credit score to Excellent am a house owner thanks*
The fact that it is all useful information and straight to the point no ads Man this channel is going to blow up quick I hope it stays this way a lot of people lose themselves with the ads
@@ToolDeals when people say they want to help they’ll do it without being a sellout. I get it when people want to make some money but when they got an ad every 2-3min that’s over doing it. Nothing but success for all of y’all. Peace.
Thank you after sleeping in the car with my kids this year just 2 months ago, I need every bit of information to never let that happen again! It’s get right time🎉
Hi! I think U maybe the ONLy person I have heard give the precaution of “ONLY do this if it’s for Hard Inquiries that are not for any active credit lines”. That’s so awesome & amazing; I know tons of folks will appreciate this if they see Ur clip 1st before the others who instruct on this specific subject but doesn’t talk about the precaution & risks; how it applies... to later have their accts closed. No bueno! Kuddos for Ur knowledge & the sauce; for Ur transparency!!! I recommend CREDITBACKDOORS🎡COM for those with bad credit after recommending this clip to learn some knowledge about credit....
This team saved me from bad credit, bad derogatory marks and tons of inquiries loaded on my credit report, thanks guys I will always give good reviews as promised ............
This team saved me from bad credit, bad derogatory marks and tons of inquiries loaded on my credit report, thanks guys I will always give good reviews as promised ............
This team saved me from bad credit, bad derogatory marks and tons of inquiries loaded on my credit report, thanks guys I will always give good reviews as promised ............
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Ach and *Credit backdoors* was so helpful during the process of boosting my credit
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *Linux Tech Corps*
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on RUclips ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *Linux Tech Corps* were so useful and You’re such a blessing!
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on RUclips ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *850financial assessment* were so useful and You’re such a blessing!
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you! .. ..
Im two years as a real estate agent. business is great but im leaving so much to uncle same by not knowing this stuff. Thanks for the quick summary of this. New sub!
The last one you nailed it why you need to set up LLC(for better position to convert S corp). For rest 4 reasons, you do not have to set up LLC. Any form of busienss entity can get those deductions.
I wasn't saying that the write-offs are not available to other entities, but that these are the top 5 that LLC's should be taking advantage of to reduce their tax bill legally. Hope you enjoyed the info! 🙏🏾
@@tonysoprano6265 I'm sorry to hear about your luck. Find a seasoned CPA... it will cost you upfront, but will save so much more money and frustration in the long run. I'll give you an example... I moved from one state to another mid year, and had to file taxes for both states since my residence had changed. The state I moved from was and is still loosing their tax base. So that state said I was in arrears in taxes and if I didn't pay back due taxes it would fine me a flat penalty a fee of $15K. My CPA also has attorneys that work in the office sent a nasty letter to the Department of Assessments and Taxation and informed them they actually owed me money with compound interest and threatened to sue the state for the unlawful language in the letter. Received a check and huge apology letter. The state was taking too long to return my refund. If I didn't know better who knows what I would've paid.
A tradeline means that you are a authorized user of someone else's credit card. You don't have to have possession of the card, but their credit history will reflect on your credit report...a parent or family member with EXCELLENT credit can be a "tradeline" I graduated college with 97,000 in debt"...that right there is a Huge problem..schools have become a business that drain students of money and yet, no one is stepping in to help the students who then graduate with massive debt and have difficulty paying it off...Having that much debt can be overwhelming for ANYONE...Especially a young 20 something who hasn't even began their career. But i really thank you for this video because i found Leo and within few weeks they fixed my Credit score which is hindrance by student loan and added a large tradeline thanks a lot Creditbackdoors🟡com . . .
Thank you for the information. I took corporate law at a community college, and I do remember that each legal entity has its own benefits and tax ramifications. However, specifically how to get tax write offs and how use it to one's entrepreneurial advantage, was not necessarily taught (but it was in the big legal reference book). Thank you . This is very helpful, as I find that some tax people don't try to help you that much after watching this video. 🙏🏽👋🙏
These write offs are applicable to any business. A common misconception is that you must be an LLC or other established business to get tax write offs, which is incorrect. You can operate a business under your name as a sole proprietorship and receive the exact same tax treatment as a disregarded LLC.
I'm really upset with myself for not finding this channel earlier. I'm legit using the tips and tools you've given us to increase my LLC's value. Thank you so much for this! #Subscribed
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....
Your the real deal Karlton. Thanks so much for you a guidance. I would pay to have someone like you I could call to ask questions and learn from. You’ve put in time and are knowledgeable, it shows. Much respect!
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!
*Credit Backdoors* has taught me that it’s never a late time to make a decision , a decision that’s set to keep your future safe and insured , I choose them
I had 17 inquiries I would like removed, 3 are from leasing companies for apartments I did not get, and 9 others are from 4 credit card companies that pulled my information twice each that I applied to months ago but just now showed up, I didn't get either card, My credit went from a 747 to a 611 in a matter of a week. I got referred to *FUTUREIMPERATIVE🟠NET* on by few trusted clients and I can say they're the best because all the 12 inquiries got deleted and my score was raised to the 800's ......
It sucks the 'tax thing' is so complicated, it does take the wind out of new entrepreneurs, however glad there is ppl like you sharing great information 👍👌🙌✌
A tradeline means that you are a authorized user of someone else's credit card. You don't have to have possession of the card, but their credit history will reflect on your credit report...a parent or family member with EXCELLENT credit can be a "tradeline" I graduated college with 97,000 in debt"...that right there is a Huge problem..schools have become a business that drain students of money and yet, no one is stepping in to help the students who then graduate with massive debt and have difficulty paying it off...Having that much debt can be overwhelming for ANYONE...Especially a young 20 something who hasn't even began their career. But i really thank you for this video because i found Leo and within few weeks they fixed my Credit score which is hindrance by student loan and added a large tradeline thanks a lot Creditbackdoors🟡com
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Just recently got an accountant to do my taxes and help me with some business advice I feel like I learned more here than being in his office.hope he works out .. This video was 💯. THANKYOU
Thanks for all of the info that you give, Monique!! I found your channel and have become very educated as to how credit works. Looking forward to the webinar!!! Saw some info on Diamond Chanel's channel; is she your daughter? I will also subscribe to her channel as well; just wanted to make sure it wasn't a scammer, lol. I am grateful for your platform; so many things not aware of in the past now trying to get it right. I will be 59 this year so my goal is to become more credit savvy before I reach retirement. I was about to sign up for credit repair with Lexington Law and lucked up on *850FINANCIAL ASSESSMENT* ; look at GOD!!!
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Monique and *Linux Tech Corps* was so helpful during the process of boosting my credit
Wow. Thank you so much for dropping these jewels! I have a 2 businesses and I'm making money faster than anticipated. I def needed to at least be introduced to this concept so I can follow up with a professional. Thanks for doing this for real.
Incredible information. So well spoken and clear when explaining, thank you! I’m in school getting my master of public health but want to start a personal training business out of my home (still live with parents) simultaneously. Your information will help tremendously. Is starting an LLC the best move for a personal training business? A long term goal of mine is to open my own gym.
Whenever you're ready shoot me a DM. I did personal training before I decided to go back to tax. Check out some of my first videos uploaded ! Look forward to connecting
Should add that that if you choose to go S-corp, you have to pay yourself a reasonable wage. There are programs that will help determine what a reasonable wage is and it will also support your wage if the IRS questions the amount you are receiving. Although in this current climate with the IRS I would not expect the IRS to be questioning those kind of things.
Absolutely! These strategies typically need to be done in advance though. Proper tax planning can take time. Would love to hear more about about business. Message me on instagram @karltondennis
![Everyday Tax Write Offs for Small Businesses! [24 hr Challenge]](http://i.ytimg.com/vi/vtbh6QJBqzs/mqdefault.jpg)
1) start up and organizational cost $5k in first year remaining cost is amortized over next 180 months
2) home office deduction
3) vehicle deductions
4) marketing and advertising
5) self employment tax
@@mmserenityllc this isn't legal advice, consult a CPA or lawyer for that. That being said, from what I've been told, if you show a loss for the year it's basically all a write off. You can show a loss for like 4 or 5 years before it's looked at as a hobby instead of a business. Or something like that
@@djwhite7664I heard after 3 years it would be considered a hobby.
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on RUclips ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *Linux Tech Corps* were so useful and You’re such a blessing!
I bought some stocks in a medical REIT that invested in, well medical properties several decades ago. They only had 7 employees and paid a handsome dividend. The stock price grew steadily over the years and the dividends is very steady. I invested about $1700 at the time and only wished I had bought more! I still have that stock and two others since I retired 13 years ago. I sold off the rest. *850 FINANCIAL ASSESSMENT* is outstanding believe me.
🔥
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Marvin and 850financialassessment⊚com was so helpful during the process of boosting my credit
@@odithegoldenretriever2158 💯
You're right, there are importance of multiple stream of income, unfortunately having a job don't mean financial freedom or security
Speaking of being successful. I know I am blessed if not I won't have met someone who's as spectacular as Josh.
I must say crypto is the future and the way?
Yes I am a living testimony of Mr. Josh
Mr. Josh has changed my financial status for the best. all thanks to my aunty who introduced me to her last year
I have also expirence his great work he's good in trading
oh yeah I lost a lot of my saves which I will never try anymore am such an idiot if I think about what I did trading on my own without no expert guild ?
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!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
As a beginner I would recommend you get started with a professional broker that will guide you through the process and trade for you while you get the daily profit and rewards.
Olivia Sullivan Financials is my portfolio-coach, I found her on CNBC where she was interviewed, I looked up her name on the internet. Fortunately I came across her and reached out to her, you can verify her yourself.
Thanks, I just googled her I'm really impressed with her credentials. I reached out to her since I need all the assistance I can.
This is a good recommendation my friend. My first experience with her gave me the assurance that has made me to invest without fear of loosing
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *LINUX TECH CORPS* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Credit Backdoors literally gave me a fresh start. Before, I was stressed out and exhausted from being turned down from lender to lender. As of now, I'm currently in the phase of purchasing a home. I'm more confident and I feel more secure. I want to extend a very big THANK YOU to *Credit Backdoors* .
You saved me because I totally forgot about the Code Section 179 and my CPA was wrapping up my taxes tomorrow and I just reached out to her to add in my SUV!! GOD BLESS YOU
That is AMAZING!!!
Love that tax savings 💰
@@huckfin1598 I didn't ask about how much, I stated I forgot to add it in, my CPA already has it handled..Again Mr Dennis thanks for the reminder
@@karltondennis again thank you for your wealth of knowledge and moving in purpose to help others God bless
@@huckfin1598 really??
Maybe time for a new CPA if they forgot that write off.
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but 850 FINANCIAL ASSESSMENT info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
I watch a lot of these videos. This is by far the best one I've ever seen. Subscribed
Me too. 😊😄 U can see he doesn't try to muddy the information by unnecessary shenanigan's. He makes it very simple, precise and to the point.
I'm a trucker. Your instructions are clear and to the point. I really appreciate your channel. God Bless You and your Family. Thanks.
I have finally started my LLC! This was very valuable information and I have subscribed to get as much as I can from your content!
me too working on finalizing mine rn
1) Startup cost
2) Home Office
3) Vehicle Deduction
4) Marketing & Advertising
5) Turn LLC to S Corp
Wealth is not just about finance, but health and wellness is critical especially in our black community! No need to have stuff and money if you don't have your good health? Rick Ross finally understands this truth now! What does it profit a man/woman to gain the whole world if you don't have optimum health to enjoy it all! Let change the mindset about the diet & wealth in the black community so we can all go up together! Above all things... I wish that you be in good health and prosper even as your soul prospers! God bless you brothers! and remember to use *Linux Tech Corps* for your bad credit and negative credit marks and inquiries removal
I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *LINUX TECH CORPS* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!
At 34 years old I finally feel ready to settle down long enough to buy a house. Unfortunately due to previous horrible stupid life decisions, I'm forced to start with a zero balance in my savings account. On the bright side, the huge amount of debt - consequence of those bad decisions will be payed off next month! 🥳 It's never too late to start saving like there's no tomorrow, and I'm really REALLY excited and motivated. Oh and Karlton, fyi my emergency fund is also a done deal! by *Linux Tech Corps* lol, i didn't made it myself
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but 850 FINANCIAL ASSESSMENT info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well
Health and Wellness all 2023 and beyond
Mr John, you probably won’t even see this but I want to thank you front the bottom of my heart for providing this info! This is huge! I really do appreciate it!
This guy gave up more information for free in 8 minutes than most Americans learn in 6 years of college. Wow !!! Great content bro !!
Glad it was helpful! Thank you!
FACTS
ever try this new thing called google???
Why would you study 4 years program 6 years?
My thoughts as well-
Due to long term medical illness in my family our credit suffered lots. Lots in collections but lots saved and being paid on time for 24 month or more, i was doing the wait and see who sues me hoping the statue of limitations run the course first but 4 have sued... when you own something they do come after you no matter what the reason. but after seeing a lot of reviews about *CreditBackdoors⨀Com* i gave them a try to get stuffs off my credit and boost my credit score, im so glad it worked using their service
The video is very interesting and insightful.
Great comment
Well illustrated.
The earlier you start learning about investing, the easier it will be to pick it up. Financial professionals are difficult to choose and costly to keep, so it is best to manage your own affairs whenever possible.
This is an eye opener.
There's blessing in disguise taking risk in a business.
I started working on my credit 2 years ago. I didn't know where to start I had no credit. I started looking up videos and found *Linux tech corps* . I followed what you said and started with an secured credit card for 200.00 and mad sure to keep my utilization under 10% and paid on time every month. I now have 3 unsecured credit cards and a 757 fico score. Thank Danielle for all the information and tips. Now we are in a position to buy home.
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Monique and *850financial assessment* was so helpful during the process of boosting my credit
You are nothing short of amazing. I had some knowledge prior to your vids. Now you have opened my eyes onto so much more. I was struggling with efficiency and you illuminated a whole new path! RESPECT
I think for Crypto its also about the tech, BTC is like AOL when the internet first came out. We may see other coins come out and be the dominant coin. Same reason Google dominates today instead of AOL. Its pretty simple, all people need to do is move their money a better coin for something they think is better than BTC. The Marketcap for crypto is only going to grow and I see governments getting involved the more crypto gains marketcap. BTC and LTC are not on an element like physical silver and gold, better tech can be evolved and implemented when using *850 Financial Assessment*
I heard BTC is like gold and LTC like silver. What coins do you think are going to be the dominants in the future?
BTC
@@southwestballa03 btc and the blockchain it uses and all cryptocurrency uses to function Ethereum. It's as if not more important than btc
Thank you Karlton for that great information. I appreciate it.
1. Start up and organisational cost 0:47
2. The home office deduction 1:58
3. The vehicle deduction 3:32
4. Marketing business expenses 5:30
5. Turning your LLC into an s corporation 6:41
I'm a small business development specialist and I love your videos I pass them alone all the time.
Thank you
I was looking for a guy like you. I am from the EU but for sure there is a lot of things I can copy/paste for my business. Thanks man, subscribed.
You are the best brother! Owner of a new startup here. This is amazing! Appreciated.
Welcome!
My mother told me as a child that no man would marry me if I have debt. I watched her cut up her credit cards and always had this fear about credit cards and debt. I had to re-educate myself and now I use my credit card for everything, I never carry a balance and I have a credit score of 843. Credit cards are not bad if you know how to utilize them To actually be able to speak to someone and get exact information regarding my circumstances and assistance in clearing my record is priceless. This service is unequaled.Thanks for all your doings FUTUREIMPERATIVE🎡NET
Man you are a genius. You really understand the American way to be successful 💯 🙏
I can’t express how much this info helps me TODAY! I’m a new business owner dealing with this pandemic has been hell for me . This is the Ray of sunshine I really needed!!!!!! I subscribed today and it’s my first time seeing your videos. I appreciate the heck out of you
Thank you for creating such an easy to follow and informative piece on LLC's and S-Corps. You have given me insight and direction at a time when I needed it most. Again, thank you.
*This gives me hope and motivation on the possibilities of owning a home. I am also a single mother. This video demonstrates how women can do it on their own. In my case, it seems impossible since My Credit got Low which always discourage and disqualified me applying for home. So I'm not sure if this nonprofit organization works internationally by helping single mothers or those whose dream to own a home, But i never give up trying ways to increase my credit and clear those negative items I met Linuxtechcorps⨀org, wiped off negative items and increase my credit score to Excellent am a house owner thanks*
The fact that it is all useful information and straight to the point no ads Man this channel is going to blow up quick I hope it stays this way a lot of people lose themselves with the ads
You're right.
Would you rather the professionals charge you? Or you just skip through an ad? They have to live too.
@@ToolDeals when people say they want to help they’ll do it without being a sellout. I get it when people want to make some money but when they got an ad every 2-3min that’s over doing it. Nothing but success for all of y’all. Peace.
I’m in agreement with you May God reign many financial blessings into his life that he is pouring into other people
I appreciate this man! I have been putting out content for quite some time.
Thank you after sleeping in the car with my kids this year just 2 months ago, I need every bit of information to never let that happen again! It’s get right time🎉
Hi! I think U maybe the ONLy person I have heard give the precaution of “ONLY do this if it’s for Hard Inquiries that are not for any active credit lines”. That’s so awesome & amazing; I know tons of folks will appreciate this if they see Ur clip 1st before the others who instruct on this specific subject but doesn’t talk about the precaution & risks; how it applies... to later have their accts closed. No bueno! Kuddos for Ur knowledge & the sauce; for Ur transparency!!! I recommend CREDITBACKDOORS🎡COM for those with bad credit after recommending this clip to learn some knowledge about credit....
Ah 😂
@@harveyestis2750 😒
This team saved me from bad credit, bad derogatory marks and tons of inquiries loaded on my credit report, thanks guys I will always give good reviews as promised ............
This team saved me from bad credit, bad derogatory marks and tons of inquiries loaded on my credit report, thanks guys I will always give good reviews as promised ............
This team saved me from bad credit, bad derogatory marks and tons of inquiries loaded on my credit report, thanks guys I will always give good reviews as promised ............
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Ach and *Credit backdoors* was so helpful during the process of boosting my credit
When trying to get late payments removed on an active account, if it cannot be verified by the bureaus, do they remove that late payment and show on time payment for that month, show no information available for that month, or delete that account off the credit report? I want to get my late payment history corrected but not sure how disputing with the credit bureaus affects the active account if they cannot verify the information to be accurate, I wouldn't have been able to take them off if not me meeting *Linux Tech Corps*
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on RUclips ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *Linux Tech Corps* were so useful and You’re such a blessing!
I just came across this channel and man the nuggets that are being dropped! I have a lot of videos to go through. Excellent content!
“Great” info. My son just started an LLC. You have given us more info than his CPA. 👍🏻
Preach Bruh! So happy I came across your video! During the pandemic I wanted to rebuild my credit so bad and have a new life by the end of this year that would benefit me , my family and my business I opened during the pandemic! I paid someone over $1000 to rebuild my credit and they started the process but ghosted me! I started doing my own research and Linux Tech Corps popped up on RUclips ! I’m now building my own credit back up and I have 3 medical collection’s account to take care of and thanks to you , I know I can handle those! *850financial assessment* were so useful and You’re such a blessing!
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you!
Thank you for the video! I have had a passion for credit repair for a long time and I’ve helped a couple of people. I’ve even thought about starting my own business. Listening to you and seeing your passion has lit a 🔥 in me and learning from and using *Linux Tech Corps* . I have watched this video a few times just as motivation. I call it my “Victory Lap” video because you are spreading Nips message by following it! Thank you and keep pushing! Proud of you! .. ..
Straight to the point. Great work just started our business.
Awesome!
GREATFULL for bro.... your making a whole nation financially educated , and savy...
Karlton is legit. Probably the most informative video I've seen on YT with regards to taxes and my LLC. Thank you Karlton. Great info.
I appreciate that!
This is how informative videos should be. Straight to the point. As I start my security company I needed this. SUBSCRIBED!
Thanks!
Im two years as a real estate agent. business is great but im leaving so much to uncle same by not knowing this stuff. Thanks for the quick summary of this. New sub!
The last one you nailed it why you need to set up LLC(for better position to convert S corp). For rest 4 reasons, you do not have to set up LLC. Any form of busienss entity can get those deductions.
I wasn't saying that the write-offs are not available to other entities, but that these are the top 5 that LLC's should be taking advantage of to reduce their tax bill legally.
Hope you enjoyed the info! 🙏🏾
Thank you for the information. It was quick and to the point. Most of the other videos took 20 minutes to get to the point of the video!
Thanks bruh
You just made a new fan.
Planning on opening a LLC this year, and knowing this info helps.
Knowledge is wealth buddy. You just made tons of people wealthier, including me. Wonderful stuff. Keep it coming.
By the time I got to the second write off I Suscribed! Man this is NOT the typical advice. Thank you!
I appreciate that, and the subscribe 🙏🏾
Check out legallees channel and info
No, it's pretty common if you're using a good accountant.
@@johngreen1683 honestly my accountant sucks. Been trying to find another one who will take the time to explain these things
@@tonysoprano6265 I'm sorry to hear about your luck. Find a seasoned CPA... it will cost you upfront, but will save so much more money and frustration in the long run. I'll give you an example... I moved from one state to another mid year, and had to file taxes for both states since my residence had changed. The state I moved from was and is still loosing their tax base. So that state said I was in arrears in taxes and if I didn't pay back due taxes it would fine me a flat penalty a fee of $15K. My CPA also has attorneys that work in the office sent a nasty letter to the Department of Assessments and Taxation and informed them they actually owed me money with compound interest and threatened to sue the state for the unlawful language in the letter. Received a check and huge apology letter. The state was taking too long to return my refund. If I didn't know better who knows what I would've paid.
I’m glad I ran into your channel I’m in the process of getting my RE license in NYC
A tradeline means that you are a authorized user of someone else's credit card. You don't have to have possession of the card, but their credit history will reflect on your credit report...a parent or family member with EXCELLENT credit can be a "tradeline" I graduated college with 97,000 in debt"...that right there is a Huge problem..schools have become a business that drain students of money and yet, no one is stepping in to help the students who then graduate with massive debt and have difficulty paying it off...Having that much debt can be overwhelming for ANYONE...Especially a young 20 something who hasn't even began their career. But i really thank you for this video because i found Leo and within few weeks they fixed my Credit score which is hindrance by student loan and added a large tradeline thanks a lot Creditbackdoors🟡com . . .
Kudos my brother....u just validated things that I was wondering about when starting my LLC .....THANKS BRO!!!
happy to help :)
@@karltondennis noooooo my brotha....thank u 100 fold!!💯💯💯 #KeepUpTheOutstandingWork
Love your energy bro👍🏽
Thank you for the information. I took corporate law at a community college, and I do remember that each legal entity has its own benefits and tax ramifications. However, specifically how to get tax write offs and how use it to one's entrepreneurial advantage, was not necessarily taught (but it was in the big legal reference book). Thank you . This is very helpful, as I find that some tax people don't try to help you that much after watching this video. 🙏🏽👋🙏
So many tax codes for everyone to leverage, and every business is different and that's what makes it fun.
Glad you enjoyed the video
I am just starting a small business however I still need more information on the different kinds of LLC. I appreciate your channel thank you.
One of the best videos on taxes I’ve ever seen. Straight to the point and quality tax tips
FAXS
Thanks 🙏🏾
Definitely.🎊🧙♀️
Amén
Hi Karlton, I'm your new subscriber 👍🏾great video!
These write offs are applicable to any business. A common misconception is that you must be an LLC or other established business to get tax write offs, which is incorrect. You can operate a business under your name as a sole proprietorship and receive the exact same tax treatment as a disregarded LLC.
Yup, I talk about that in other videos :)
Thank so much for making these types of videos it helps me gain the knowledge and information I need for my business
I'm really upset with myself for not finding this channel earlier. I'm legit using the tips and tools you've given us to increase my LLC's value.
Thank you so much for this!
#Subscribed
Most self employed truckers don't use mileage deductions. You save much more money writing of expenses such as gas
Great video! Very simple and easy to understand. As a new business owner this has helped A LOT!
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....
Thank you so much! I’m a new business owner with lots to learn. Videos like this are extremely helpful, please keep them coming.
Your the real deal Karlton. Thanks so much for you a guidance. I would pay to have someone like you I could call to ask questions and learn from. You’ve put in time and are knowledgeable, it shows. Much respect!
I appreciate that
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!
This is truly some of the best contact on the Web
Without a doubt about it
*Credit Backdoors* has taught me that it’s never a late time to make a decision , a decision that’s set to keep your future safe and insured , I choose them
I learned more from your channel then my finance course, which it was all theory.
Great content brethen....very informative!! Keep rockin
Much appreciated
I had 17 inquiries I would like removed, 3 are from leasing companies for apartments I did not get, and 9 others are from 4 credit card companies that pulled my information twice each that I applied to months ago but just now showed up, I didn't get either card, My credit went from a 747 to a 611 in a matter of a week. I got referred to *FUTUREIMPERATIVE🟠NET* on by few trusted clients and I can say they're the best because all the 12 inquiries got deleted and my score was raised to the 800's ......
It sucks the 'tax thing' is so complicated, it does take the wind out of new entrepreneurs, however glad there is ppl like you sharing great information 👍👌🙌✌
Thank you
Noooo tax stuff is funnnnnn
Thanks!
New Subscriber here...this is the most informative video I've ever seen on YT. Not teasing information behind a paywall. Excellent!
A tradeline means that you are a authorized user of someone else's credit card. You don't have to have possession of the card, but their credit history will reflect on your credit report...a parent or family member with EXCELLENT credit can be a "tradeline" I graduated college with 97,000 in debt"...that right there is a Huge problem..schools have become a business that drain students of money and yet, no one is stepping in to help the students who then graduate with massive debt and have difficulty paying it off...Having that much debt can be overwhelming for ANYONE...Especially a young 20 something who hasn't even began their career. But i really thank you for this video because i found Leo and within few weeks they fixed my Credit score which is hindrance by student loan and added a large tradeline thanks a lot Creditbackdoors🟡com
Karlton - may I suggest you make *850 financial assessment* correlating this to the United States Credit Scoring System; you know, the system where an entire nation's people are enslaved by their government over systems exactly like this? We need people who have influence to bring to light these types of correlations to get people asking and thinking or we will see ourselves slip into a tyrannical nightmare.
Just recently got an accountant to do my taxes and help me with some business advice I feel like I learned more here than being in his office.hope he works out .. This video was 💯. THANKYOU
That's awesome.
I'm happy I could help
keep dropping that knowledge
Will do!
Just started my LLC in March 2021....this info is GREAT to know! 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
Great video precious and to the point Thanks 🙏🏿
Glad it was helpful!
Oh bro! You are awesome! I was looking all these questions and answers. You are genius! Thanks a lot
This was honestly one of the most informative videos I have watched. Thank you
GREAT WORK KARLTON! WHAT DO YOU CHARGE FOR CONSULT AND ADVICE???
$250 for strategy consult. Link is in my profile bio
Thanks for all of the info that you give, Monique!! I found your channel and have become very educated as to how credit works. Looking forward to the webinar!!! Saw some info on Diamond Chanel's channel; is she your daughter? I will also subscribe to her channel as well; just wanted to make sure it wasn't a scammer, lol. I am grateful for your platform; so many things not aware of in the past now trying to get it right. I will be 59 this year so my goal is to become more credit savvy before I reach retirement. I was about to sign up for credit repair with Lexington Law and lucked up on *850FINANCIAL ASSESSMENT* ; look at GOD!!!
Honestly the most informative video I’ve seen on here in years. I’ll definitely be getting a consultation real soon
Can't wait to hear more about your business!
Good video thank you. Warning about mile iq, burned massive data on my phone, was always running, phone was always hot to the touch.
So, if you buy a vehicle weighing over 6k-lbs and deduct the total depreciation value the first year. what happens if sell it the next year?
Great question
Depreciation recapture. Whatever money you saved from deducting the first year you will owe the tax year that you sell
@@joerogan8723 so basically keep the car ?
@@sbthedon6677 yes . I believe after a few years you can sell without the depreciation recapture, or at least at a discounted rate
I am committed to self-development & thriving.
This was phenomenally easy to understand and insightful. Well done!
Glad to hear, I appreciate that!
I stumbled across your video and instantly knew this was made for me. I'm going through the same thing with my business but just knowing that I'm not the only one who's experienced this just pushes me to go harder. Continue to put out informational content and sharing your story, THAT is what separates you from the rest. Much gratitude Monique and *Linux Tech Corps* was so helpful during the process of boosting my credit
Bro i learned a lot in 8 mins than in school! 🍻
Let's go!!!
➡️ "FACTS...."
AND "YES" I MOST DEFINITELY HAD TO SUBSCRIBE....
@@karltondennis Keep it coming Karlton. I just left a tip for your channel. Hope you grow more.
Cant really compare this to school.
this was pretty neat I think a great video topic would be what does and doesn't qualify as marketing for irs purposes
I needed this video! Thank you!
Glad to hear
Wow. Thank you so much for dropping these jewels! I have a 2 businesses and I'm making money faster than anticipated. I def needed to at least be introduced to this concept so I can follow up with a professional. Thanks for doing this for real.
Incredible information. So well spoken and clear when explaining, thank you! I’m in school getting my master of public health but want to start a personal training business out of my home (still live with parents) simultaneously.
Your information will help tremendously. Is starting an LLC the best move for a personal training business? A long term goal of mine is to open my own gym.
Whenever you're ready shoot me a DM.
I did personal training before I decided to go back to tax. Check out some of my first videos uploaded !
Look forward to connecting
1 first year startup $5000. 2 home office space. 3 vehicle 4 advertising 5 S corp payroll deduction
Number 5 omg 😳 well needed my guy thank you.was going to subscribe anyway I be a fool not to lol 😂 thanks again
Love that!
Appreciate it 🙏🏾
Should add that that if you choose to go S-corp, you have to pay yourself a reasonable wage. There are programs that will help determine what a reasonable wage is and it will also support your wage if the IRS questions the amount you are receiving. Although in this current climate with the IRS I would not expect the IRS to be questioning those kind of things.
Can I add a child to my payroll for a tax write off even though it’s the end of December? If so, how would I do that?
good question
Absolutely!
These strategies typically need to be done in advance though. Proper tax planning can take time. Would love to hear more about about business.
Message me on instagram @karltondennis
you are a gifted teacher, Karlton