Tax Professional Reacts to Tax Advice on TikTok

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  • Опубликовано: 28 ноя 2024
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Комментарии • 40

  • @viv1902
    @viv1902 2 года назад +20

    Wow, glad to find this gem. I'm sure this channel gonna blew up soon, we need more CPA's like this on YT.

    • @jasoncpa
      @jasoncpa  2 года назад

      Thank you Viccy!

  • @jumanaalibhai1664
    @jumanaalibhai1664 Год назад +9

    First video oh my gosh 😂😂😂😂 I would pay $$ to see the shocked faces of the exempt W-4 tax return filer when they see that huge tax bill owed 💸 😅
    Jason love your expressions on the cray cray advice.

  • @jep05f
    @jep05f 2 года назад +10

    As a CPA, this was so cathartic to hear.

  • @kageoashj2912
    @kageoashj2912 9 месяцев назад +1

    I just starting working in tax...i absolutely hate it ....
    But gotta say, we send pending items to client asking if the whatever purchse is for your business. If you lie, fine, but the liability is on you.
    That being said, we dont ask about things typically under 2,500 (unless it looks suspicious like idk a toothbrush or food) also depends
    But yeah...

  • @shyguypro9876
    @shyguypro9876 Год назад +4

    Pay $125K for new Range Rover every year to reduce your tax liability by a fraction of $125K. Stonks.

  • @mickielnurse9018
    @mickielnurse9018 Год назад +3

    Finally a Certified Public Accountant, that speaks up.

  • @Mad_Man_Dan
    @Mad_Man_Dan 2 года назад +4

    😂 these picks are gems. I’ve heard some crazy TikToks but these are straight up insane.

  • @joshdonos
    @joshdonos 2 года назад +2

    @11:40, that almost visceral reaction to buying property in an S Corp! Subtle and easy to miss, but I really felt that one!

  • @maxheadroom1207
    @maxheadroom1207 2 года назад +3

    "I don't want to dunk on these people". You should absolutely dunk on these people. It's one thing to be just misinformed it another thing to be misinformed and put out bad advice with confidence.

  • @SheTalksFinance
    @SheTalksFinance Год назад +2

    "Holy payroll tax" 😂

  • @russellallen5088
    @russellallen5088 3 месяца назад +1

    If you want to get destroyed by the IRS do what the first lady said.

  • @adisaselimovic3597
    @adisaselimovic3597 2 года назад +4

    Dude really said your parents can gift you the money that you pay them as wages and then "write it off". 😅

  • @DolbroDan
    @DolbroDan 2 года назад +1

    Digging the channel. Found your Advanced Airtable video and went from there. Like your style, humour and all the knowledge. This channel deserves about 100k more subs! Cheers

    • @jasoncpa
      @jasoncpa  2 года назад

      Get out of here Dan!

    • @DolbroDan
      @DolbroDan 2 года назад

      @@jasoncpa okay I’m going ✌️but I’ll be back. Do you think a non accountant could master these automated products and get hired as an underling by an accountancy firm?

  • @kevindavis8607
    @kevindavis8607 2 года назад +1

    I can always tell what video my clients have watched when they call and ask these questions. Then they want to argue with me.

  • @ens8280
    @ens8280 2 года назад +3

    Always easy to spot the clients who watch Tik Tok!

  • @ryderwashington4199
    @ryderwashington4199 2 года назад +3

    I saw the first one on Tik Tok and I'm like yeah... don't do that. W4 is great because you make estimated payments, now if you're self employed and you aren't automatically making payments like you do with a regular job. You would have to pay your full tax when you file.

    • @arh1234
      @arh1234 3 месяца назад

      It's worse - you have to pay quarterly estimated tax, and if you underestimate, you pay (reasonable) interest and fees.

  • @thecommissionnet
    @thecommissionnet Год назад +2

    This is my favorite segment 😅

  • @littlebit725
    @littlebit725 2 года назад +3

    Ooooooooooooooof. This video is both entertaining and incredibly difficult to sit through! Just 2:45 made me uncomfortable in a way I didn't even know existed!

  • @shawn576
    @shawn576 3 месяца назад

    Guy at 10 minutes is correct. Art is extremely sketchy. So is "consulting" work. This is why you see news stories every week about some relative of a politician being hired as a consultant on something. Paid $300k to be a "consultant" for extending the LRT line? And what are his credentials as they relate to trains and LRT lines? Oh he was a drama major in university and has never worked for any company related to rail?
    Stuff like paying $100k for a banana duct taped to a wall or $100k for a guy to write "RAT" on a 10'x10' canvas is obviously sketchy. That artist did some kind of favor that could not be documented.

  • @mattwreinheimer4730
    @mattwreinheimer4730 2 года назад +2

    lmao your videos always get me homie, great content to shake off the post tax season vibes - and everyone remember MAKE SURE YOU'RE AN SCORP OR YOU CAN'T USE SEC 179

  • @lckroomnetwork
    @lckroomnetwork Год назад +1

    Subscribed! Great work brotha!

  • @Gigtaxservices
    @Gigtaxservices 2 года назад +1

    This is why so many people owe Uncle Sam. 🙄

  • @iamwarner_e
    @iamwarner_e Год назад +1

    Somebody going to jail😂

  • @christiancoronado
    @christiancoronado Год назад +1

    Lol there is so much misinformation out there, nice vid

  • @jmarc0014
    @jmarc0014 Год назад +1

    I wish there's a Canadian version of you lol

  • @thecommissionnet
    @thecommissionnet Год назад +1

    Bad Tik Tax 😂

  • @willframe9149
    @willframe9149 2 года назад +1

    I don’t know what some of these people are smoking

  • @chimbudu
    @chimbudu 5 месяцев назад

    Why not

  • @pradeep.s
    @pradeep.s 11 месяцев назад +1

    best video ❤❤😂

  • @pearlivory3483
    @pearlivory3483 2 года назад +1

    I LOVE YOU

  • @JD-lt7uv
    @JD-lt7uv Год назад +1

    If you actually wanna avoid taxes, start a RELIGION. ;)

  • @carlosrivero4520
    @carlosrivero4520 9 месяцев назад +1

    jaja