What is a Tax Write-Off and Tax Deduction for Small Businesses?
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- Опубликовано: 10 июл 2024
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What is a Tax Write-Off and Tax Deduction for Small Businesses?
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If you own a small business, ever wonder what's the difference between a tax write-off and a tax deduction?
Here are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances.
In this video we discuss: What is a Tax Write-Off and Tax Deduction for Small Businesses?
Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business!
*Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
Everyone had good credit score until later in life, people’s financial mistakes and college school loans ditching people’s credit score, mistakes of applying for credit cards and carrying balances month-to-month, only making minimum payments, missing payments, neglecting to review your billing statement, not knowing your APR or applicable fees, taking out cash advance etc and not even talking about the United States crazy medical bills that's putting people's credit in the trough.
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Thank you so much for encouraging the whole world to do better and life, To make us stay positive and motivated in focus on our goals & dreams and stay away from negatively so we can prosper in life everyone on this video stay strong and safe May God bless you and your families. financial problem and credit issues , reach out ⬆⬆
Wow this is really on time THANK YOU FOR BEING YOU AND YOUR KNOWLEDGE 💕💕 your videos are perfect for motivation and ideas and we enjoy and learn so much from them. Thank you for your information and being open
I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 732 and I’m still going up with *850FINANCIAL ASSESSMENT* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.
After a recent post encouraging a low scoring forum member to be hopeful, -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact with Leo at Creditbackdoors.Com who has never failed me since i knew him, i get loans and more benefits without having to worry.
Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *850financial assessment*
If you are talking 800 credit score in US, you can not have that without some fat loan (like mortgage loan) or several credit cards simultaneously in use for minimum couple of years (spending over certain amount). Paying back on time. So keep your advertisment somewhere else, and stop fooling people. Thank you
Credit scores are just a form of control, so if you want to continue living a good life, it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *Linux tech corps* made it stay at that range and getting it up
After reading so many articles -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- , reviews and suggestions I found out Mr Kendall was really helping people get their scores right on excellent so I also hired him and today I'm now having 800s on all bureaus with my negatives removed totally . Thanks to LINUXTECHCORPS.ORG
After a recent post encouraging a low scoring forum member to be hopeful, -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact with Leo at Creditbackdoors.Com who has never failed me since i knew him, i get loans and more benefits without having to worry.
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 *850Financial assessment* 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!!!
After a recent post encouraging a low scoring forum member to be hopeful, -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact with Leo at Creditbackdoors.Com who has never failed me since i knew him, i get loans and more benefits without having to worry.
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 *Linux tech corps* 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
After reading so many articles -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- , reviews and suggestions I found out Mr Kendall was really helping people get their scores right on excellent so I also hired him and today I'm now having 800s on all bureaus with my negatives removed totally . Thanks to LINUXTECHCORPS.ORG
After a recent post encouraging a low scoring forum member to be hopeful, -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- several people have asked me how I got score from 426 to the 799 today. Hard work, patience, as well as asking many questions on this forum, have been my salvation. Not to say I haven’t slipped - I got so excited a few weeks ago when my score hit 799, and applied for a chase Auto Loan and amex 30k limit credit card (it was my birthday), and my score started slipping downward because of those new inquiries. I need not to beat myself up over those decisions, but oh well, you can’t change the past. To set things up, I have been in close contact with Leo at Creditbackdoors.Com who has never failed me since i knew him, i get loans and more benefits without having to worry. ...
No one’s credit score is hurt by having too many cards w/ a zero balance. That’s a bald faced lie. I have 24 cards and carry a zero balance and I have an 832 score, only because my length of history is not long enough to be perfect. You can have a super prime score (780+) w/ 2 cards or 50 cards. Don’t listen to this guy.
Bro your beats be slapping. Got me free styling throughout the whole video
Keep more videos like this coming please. The more in depth and detailed they are the more helpful they are.
Very insightful. I like your delivery of this information, you make it fun and interesting. Saving money is always a good feeling. Thank you for what you do !
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
I payed over $30,000 in taxes this year. I really ain’t trying to let them keep allat 😤
How much you made before taxes
@@antonioalcantar2373 159k
phenomial video and presentation! I love watching your videos as I can always appreciate your passion for your work.. nothing beats seeing your smile as you talk so vigorously about how to become a "savier taxpayer". Thankyou for sharing your skills and knowledge with us all, I truly appreciate you Karlton!
When Knowledge meets with eloquent Oratory ! I salute the master 🙏
Great stuff! Your easy to follow and understand. Thanks for answering so many of the questions that I had. I support you 100%!👍
We will continue to support you & this channel continue to do the excellent work, this content is very helpful to everyone!
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 *850financial assessment* . 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! You are Awesome! I'm an Avon Consultant. When first sign up as a Consultant Avon didn't have any type of platform to write off taxes it was more about says. With my Business major background was determined to find my own platform to write items off on my taxes. I can recruit others to become an Avon Consultant but, my goal is they are taught to write off items not just sales. I totally agree with you about what we should have been taught in school.
Have a Terrific Bless Tuesday 😊
Needed this ! Thank you sir.
Stumbled across this channel today and you have some amazing content! Thank you!
The quality of your content is so amazing.
Wowwww definitely need a part 2 of this video
Thank you soo much for this!! Learned so much from your channel so far! 💯💯💯🙌
I love this type of content
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
After reading so many articles -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- , reviews and suggestions I found out Mr Kendall was really helping people get their scores right on excellent so I also hired him and today I'm now having 800s on all bureaus with my negatives removed totally . Thanks to LINUXTECHCORPS.ORG
I just want to say thank you for all your help and education regarding credit. This is important stuff, and the fact that you want to help others in this way is simply amazing! I'm trying to go through and look for every video that you've aired so that I may put this knowledge to work! Your overall demeanor while speaking is pleasant and easy to relate and understand. Again, just a simple thank you! Finally got mine fixed with negative marks deleted; *linux tech corps* is outstanding !!!
So appreciate you and that I found you. Perfect Timing 🕊️
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!
Always dropping Wisdom 🔥
If I could like a video twice I would!!!! Thanks for this video my man💪🏾
This helped so much!!! Appreciate this video a ton!
Thanks! I’m a month into a photo/video business and am learning a lot from your videos!
Thanks for all the valuable information and simplifying it to make it all understandable, great video!
Amazing content created by this channel! Thank you so much for all the hard work and for sharing this information with us. Taxes have always been a very complicated topic that I have failed to understand until recently. Your channel has significantly assisted in my education.
Wow, this is gold!
Appreciate the information ✍🏽
Very informative video, thank you! I wasn’t even thinking about electricity and water. Also learned that I can write off business meals at my home.
I sent this to my brother and his wife. These tips are going to change how they do taxes for their business. Thank You 🙏🏾
Awesome information man thank you for looking out for the little guys💪💯
this was mad helpful thanks g
Thank you as a first Time LLC Business owner that helped out alot .
Great video. Your making taxes more understandable
This video was great. Definitely gave a better understanding
this what I been looking for. I'm definitely sub today
This is very helpful and useful information. You are literally changing people’s mind and life. Thank you 😊
Very helpful. Thanks Karlton!
Thanks for keeping this simple!
Awesome and super helpful video for someone who is trying to figure this out for themselves!
Dude I appreciate this video thank you
Thank You for your great videos!
I realize not everyone has the same credit problems but these folks were fast and really worked for me. *credit lord*
I don’t comment on videos but man he made it simple to comprehend and understand how write offs are done 👌🏽
Awesome day, awesome information, stay elevating.
Top tier video man. That was so easy to understand. Much appreciated ✨
Thank you! very informative video and I definitely learned something new
love your video's they have really helped me understand what i need to do to grow my small RUclips business
Thank you for the gold nuggets of knowledge you just sprinkled .
This was very educational. I have friends who understand how taxes work. But learning about deductions, was awsons! Thanks
Great video. Thanks for the info!
Great video! Thank you for sharing
I love your videos. You make it, so much easier to understand taxes better. I'm a tax preparer. And, it's never a dull moment in the tax industry. It's always something new to learn.
Thanks for sharing the knowledge I am a new insurance agent working out of my home so when I do start making money am sure this will come in handy.
Took notes! This is going to help serve me for the rest of my life. Thankyou so much!
Awesome information!
Great info, as usual
Hands down the best mentor 🙌🏽 on RUclips... I come to your videos for all my financial advice or questions.
Thanks for the quality video.
Thank you for this breakdown
Thanks for the information 👍🏾
Appreciate this!!
Thank you✌️ 😎 This video was very informative.
thanks for the info brother
Great video! I’ll be using some of these. Keep the tips coming buddy
Informative and straight to the point, thanks!
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!
After reading so many articles -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- , reviews and suggestions I found out Mr Kendall was really helping people get their scores right on excellent so I also hired him and today I'm now having 800s on all bureaus with my negatives removed totally . Thanks to LINUXTECHCORPS.ORG
Thank you for the info boss
Man this helped me so much
Thank you for all you do
YOU HELPED ME ADD SOME KNOWLEDGE TO THE WISDOM AND UNDERSTANDING THAT GOD BLESSED ME WITH. THANK YOU.
Thank you very much this was very well explained.! Keep up the good work!!
Yes
Bro you the truth thank you
Dope...just scheduled my consultation
This was great! Exactly what I was looking for!! Thank you for sharing this!!
Wow, I never knew all this! Great info. Thank you for making it so easy to understand.
Great job. Really made me understand taxes
Thank you for this video! I definitely sharpened up a level today! 💯👍🏽🙏
That was very informative.
Best video I seen!!!
Always great content man. 🤘🤘 Do you have any videos on the benefits of starting a non profit?
Thank you sir for posting this knowledge for us learners of business amen
Thank you ❤️your channel 🙏
Doing the lords work. Thank you so much. Every college/University should have you come in and do a tax crash course.
This video was very helpful. I wish I had learned this in school.
Thanks 🙏 for doing this I appreciate you🎉
Great put together video , thank you 🔥👍
OMG you’re a blessing from God! Thank you for breaking this down 🙏🏾
Great Information..thanks
I am committed to self-development & thriving.
Thanks!!
Thank you sir!!!
Thank you for a great educational video! Appreciate it❤