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.
I just wanted to say that I’m very happy that I stumbled upon your videos. Not only are they insightful very educational and super helpful. Top notch content. Unlike a lot of RUclips content made with empty videos that are only trying to sell you something at the end of one hour sessions; and I love that You get to the needy greedy of things and explain everything very well. believe me you’re helping a lot of people by putting out these videos so personally, I wanna say thank you
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!!
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
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
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!
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!
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.
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) ??
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
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?
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.
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
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.
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.
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
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.
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?
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!
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?
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
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.
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?
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.
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
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.
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??
so if the business has net income of 100k. I pay myself 40k a year and I get a QBI of the 60k the business income is 48k. How does this number get taxed? what percentage?
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how hasn’t video hit 1 million views is beyond me. Best tax video i’ve watched since starting my llc
🎯
P
D.a just got a new subscriber hella free game
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.
was any of this taught during your studies w/REG? I have FAR & AUD finished, testing for BEC next. Saving REG for last
Thank God for your mother Karlton. Damn you are so smart! A real teacher!
A❤A🙏AMEN!
I just wanted to say that I’m very happy that I stumbled upon your videos. Not only are they insightful very educational and super helpful. Top notch content. Unlike a lot of RUclips content made with empty videos that are only trying to sell you something at the end of one hour sessions; and I love that You get to the needy greedy of things and explain everything very well. believe me you’re helping a lot of people by putting out these videos so personally, I wanna say thank you
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!!
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
The "Augusta Rule" is for the Masters Tournament. You don't have to pay taxes on your house when you rent it out....period.
Only for 14 days a year.
@@CorporalChianellihow does 14 days help?
@@SombraLocs it doesn't.
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
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!
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’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.
Not going to lie, I can see you put a lot of time into these videos. I'm very impressed.
Your my fav , you explain so well I wish I had that gift
Thank you. Just started a small art business and I’m learning so much!
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
Excellent video brother. Thank you
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!
I was just thinking this when I saw your comment! Awesome young man.
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.
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) ??
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 for your wonderful video. I just started my LLC and your video has been really helpful.
I haven’t registered (LLC) yet but I’m already subscribed and once “I AM” I’ll invest in your Patreon. (Write-off?)
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?
I wonder if he replies to any questions or concerns. I have the same question.
You don't know, what you don't know.
You so good at this. Thanks for the lectures.
I am committed to self-development & thriving.
this is the best explanation I have heard in years. Informative, classy and funny! Thanks so much!
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.
Catch someone else. He is full of shit
@@wowomg1032 😳
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
YOU ARE AMAZING, AND YOUR INFORMATION HAS BEEN TREMENDOUSLY HELPFUL!!!
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.
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.
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.
Great video and excellent explanation.
I definitely need a new tax strategist! I ask my CPA questions all the time and never get anywhere.
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
Thanks for sharing .Good info
This is a fantastic video, I learned a lot on LLC taxes!
Great Video! Keep Em Coming Sir !
You're a Genius, man !
Bro… you the truth. My personal zeitgeist. Keep it up! You have my support!
Appreciate the breakdown and explanation! Thank you!!
Very valuable. Thank you
Can you explain these acronyms you are using, please??? Thank you
Omg 😱 I just found you. Your a godsend
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.
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?
This information is gold !!!!
Thank you for sharing your professional knowledge. Your smile is charming 😃
You have so much valuable info!!!! How do estimate utilities in a home office? electricity?, internet? water? what about snakcs, coffee, water?
Awesome brotha, thankyou for ur time and effort
Watching all your videos boss. From Oklahoma and have a construction company and need some help with taxes.
You give us hope brother!
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?
Awesome video, just wrote down and learned so mush info, thank you for sharing, nice day
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!
Thank you 😊
Thanks Karlton, I appreciate you greatly!
He does not know what he is talking about
Also if it's possible would transferring a car still being paid for from personal to business help build business credit
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?
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.
You just made my day! My mind is blown away by the knowledge that you have on this topic.
Question. How you tax a LLC multi member ?? Do you have a video explaining that? Thank you.
My poor Jag is getting depreciated from having no garage 😣big time
Fair market value- interesting, thank you! I'm assuming the receipt would still be required- for proof :)
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?
Sorry to be that guy: "Business", not "Buisness"
Love the content, I appreciate the knowledge!
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
Sending this to a family member
Question…are these strategies for business owners who take deductions on a schedule c or for businesses that file forms 940/941 or both?
If I have advertisements on my vehicle is 100% of the driving business now for marketing?
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.
Would tools and equipment needed for a job fit in under the category of equipment write off?
Man! You're so good!
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?
I'm here to learn. Thanks
This is a fantastic video.
For the Augusta Rule, wouldn’t you have to report income on the rent received on your personal tax return?
Excellent thank you tax advice from your team how would one go about receiving this service
Straight to the point
How about leases or rented equipment?? Deductible??
How about a mobile office, a car, van, truck, motorhome, can that be written off as an office
Could you do a video on investment in opportunity zones to reduce tax ?
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.
I appreciate your videos
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
Can I sell vehicle to my company to better leverage personal debt income ratio
I wished you where here to do my taxes and advise me on llc or s Corp
If I'm in a 2 person LLC, can we both take the home office deduction if we both work from home?
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.
Also, with a business only making a couple $1,000 vs. $100,000 per year. Is it even necessary to think about an LLC?
Talk to a professional. He doesn't know what he is talking about
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??
Awesome information and well described
@Kárltón Dennis Reply ✅
❤❤❤you are wonderful ! life saver
You're my new hero!
If I move my vehicle or laptop to my LLC do they only have to be used for business 100% from that point on in order to depreciate them?
Good and informative! 👍🏻
so if the business has net income of 100k. I pay myself 40k a year and I get a QBI of the 60k the business income is 48k. How does this number get taxed? what percentage?
I'm discovering Calif LLC's pay taxes on Gross Income and am not aware of anyway around this? Help!
This is solid info thanks!!
Just found you! Subscribed
Thanks I'm learning
Can i do actual expense and SL deduction?