LYFE Accounting
LYFE Accounting
  • 415
  • 22 167 148
Avoid These 5 MISTAKES BEFORE Starting an LLC!
A step-by-step guide to avoid mistakes when starting an LLC
👉 BEST Virtual Address for Business: bit.ly/44Tv7TC
👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk
⏱️TIMESTAMPS
00:00 - Intro
00:47 - First Mistake
03:21 - Second Mistake
05:27 - Third Mistake
08:47 - Fourth Mistake
10:28 - Fifth Mistake
11:56 - Outro
#taxes #taxfreeliving #taxexpert #taxreduction #llc
///
Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
Переглядів: 3 073

Відео

How to Write Off Travel, TAX FREE [5-Day Challenge]
Переглядів 5 тис.3 місяці тому
In this video, I am traveling to Florida and will try to make my entire trip a tax write-off. AND I’m going to take you with me on this trip so that you can see everything yourself. Because if you watch this entire video then you also will have a solid understanding of how you can travel, tax-free as well. Book a Discovery Call: schedule.lyfetaxes.com/discoveryapplication Subscribe: bit.ly/2HJl...
Everyday Tax Write Offs for Small Businesses! [24 hr Challenge]
Переглядів 17 тис.3 місяці тому
Watch this entire video to learn in real life everyday tax write-offs for small businesses! Book a Discovery Call: schedule.lyfetaxes.com/discoveryapplication I’m going to through a 24-hour journey where I share the exact tax deductions that I incorporate in my daily life. Because ultimately my goal for people watching this video, is to start giving you some ideas on tax write-offs you can use ...
LLC vs S Corp: Which Should You Choose In 2024?
Переглядів 16 тис.7 місяців тому
LLC vs. S-Corp Comparison by a Trusted CPA My name is Sherman the CPA and I specialize in tax planning for businesses with over $100,000 in income at mycpacoach.com. I am fresh off of finishing a tax plan for a client that saved them $20,000 in taxes from converting to an S-Corp, so today I want to walk you through some of the benefits of an S-corp versus an LLC. When I work with my clients, on...
Tax Planning: What Is It, WHY YOU NEED ONE, And How To Start
Переглядів 7 тис.8 місяців тому
Every single taxpayer needs a tax plan. If you have owed money to the IRS when filing a tax return, I repeat, you need a tax plan. But sadly, most people don’t have one. And if I’m being honest, most people don't even know what a tax plan is. If you asked a random person right now if they have a tax plan, I’m willing to bet you that they’d have no idea what you’re talking about. And that is why...
🚨 Business Owners: Do This BEFORE 2024 To Reduce Your Taxes
Переглядів 13 тис.9 місяців тому
Business Owners: Your next tax bill is coming. Let this video be your warning. 2023 is winding down which means Uncle Sam is on his way. And if you do not make some key moves before December 31st, there will be very little that you can do to reduce the amount of taxes you have to pay. So in this video, I want to give you 3 moves you can make to shave thousands, if not tens of thousands of dolla...
The ACCOUNTING BASICS for BEGINNERS
Переглядів 40 тис.10 місяців тому
Accounting is the process of recording, organizing, understanding, reporting on, and analyzing financial information of a business. The accounting process can be broken into three core parts: 1. Recording all transactions 2. Reporting with key financial statements 3. Analyzing the data 👉 BEST Virtual Address for Business: bit.ly/44Tv7TC 👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk ⏱️TIMESTAMP...
How To Hire A CPA That Will Save You THOUSANDS 💸 in Taxes
Переглядів 9 тис.10 місяців тому
Your CPA is Probably the Reason You Are Overpaying in Taxes. Watch This To Learn How To Hire The Best CPA For Your Business Your CPA will either be an investment that provides you with a return…or a money sucking expense that leaves you with a large tax bill to pay Uncle Sam. When I earned my Master’s Degree in accounting, one of my professors told me something that always stuck with me through...
How The Rich Avoid Paying Taxes (And How You Can Too)
Переглядів 7 тис.10 місяців тому
Find out how the richest in America avoid paying income taxes. WATCH NEXT: How To (LEGALLY) Avoid Paying Taxes ua-cam.com/video/QCMC4-0gK3w/v-deo.html&t= The richest people in America know how to reduce their taxable income down to zero, despite controlling millions in assets. In this video, one of our best CPAs break down their tactics in a simple and easy to understand manner. Please be sure ...
When and How To Keep Receipts To Prove Tax Write-Offs
Переглядів 14 тис.11 місяців тому
Subscribe: bit.ly/2HJlq46 Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or a...
CPA EXPLAINS How To Avoid Paying Taxes (LEGALLY) Do This Now!
Переглядів 11 тис.11 місяців тому
By a Trusted CPA: How To Never Pay Taxes Again. What if you NEVER had to pay income taxes? And no, I’m not talking about cheating, lying, stealing, or committing tax evasion which could put you behind bars with hefty penalties. No, I’m talking about using what is literally in the tax law, to avoid paying taxes…like Jeff Bezos, Elon Musk, Warren Buffet, and other Billionaires. There are over 70,...
12 HUGE Tax Write Offs for Small Business in 2024! [Bookmark This]
Переглядів 18 тис.11 місяців тому
Here are the top 12 tax write offs and deductions for small business owners. 👉 BEST Virtual Address for Business: bit.ly/44Tv7TC 👉 Free LLC Operating Agreement: bit.ly/2TQ1Itk Timestamps: Intro (0:00) What are Business Tax Write Offs? 0:33) Tax Write Off #1 (1:05) Tax Write Off #2 (2:17) Tax Write Off #3 (3:24) Tax Write Off #4 (3:58) Tax Write Off #5 (4:14) Tax Write Off #6 (5:31) Tax Write Of...
CPA Explains The #1 Real Estate Tax Deduction: Cost Segregation Explained
Переглядів 15 тис.Рік тому
By a Trusted CPA: The #1 Real Estate Tax Deduction! Cost segregation allows you to take MASSIVE depreciation expense on your rental real estate properties. More depreciation means less income reported on your tax return. And less income, means lower taxes. So stay tuned for this full video to learn more about this powerful tax strategy. Vendor: recostseg.com/mycpacoach Watch Next: How to Use Re...
The Dark Truth About Tax Write Offs
Переглядів 5 тис.Рік тому
The untold truth about tax write-offs for business that no one talks about. Yes, you can use tax write-offs to save on taxes but they may come with some unexpected consequences. ➡️ Join The FREE Newsletter: bit.ly/3AOswMK 👉 BEST Virtual Address for Business ➡️ iPostal: bit.ly/44Tv7TC Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! //...
Asking Small Business Owners How Much Money They Make
Переглядів 4,5 тис.Рік тому
In this video, you see me networking live where I asked entrepreneurs and small business owners questions like how much money they make, how they use business credit, their startup costs, and more. Check out Mercury’s banking for startups- Keep your startup’s money safe with up to $5M in FDIC insurance through their partner banks and sweep networks, issue employee debit and credit cards, and pa...
BEST Virtual Address for Business in 2024
Переглядів 69 тис.Рік тому
BEST Virtual Address for Business in 2024
How Big Earners Use Real Estate to Reduce Taxes (Tax Loopholes Exposed)
Переглядів 8 тис.Рік тому
How Big Earners Use Real Estate to Reduce Taxes (Tax Loopholes Exposed)
How To Get Startup Funding for Beginners
Переглядів 13 тис.Рік тому
How To Get Startup Funding for Beginners
LLC vs S Corp: Tax Benefits, Differences, & Strategies 2024
Переглядів 122 тис.Рік тому
LLC vs S Corp: Tax Benefits, Differences, & Strategies 2024
THE EIGHT DOCUMENTS you need for your LLC [FREE Templates]
Переглядів 17 тис.Рік тому
THE EIGHT DOCUMENTS you need for your LLC [FREE Templates]
How to Write Off a Vehicle in 2024 (NEW Tax Code Changes)
Переглядів 188 тис.Рік тому
How to Write Off a Vehicle in 2024 (NEW Tax Code Changes)
How to File Taxes as an S-Corp Owner [Step-by-Step] | S-Corp Tax Benefits
Переглядів 31 тис.Рік тому
How to File Taxes as an S-Corp Owner [Step-by-Step] | S-Corp Tax Benefits
New IRS Inflation Adjusted Tax Bracket for 2023
Переглядів 8 тис.Рік тому
New IRS Inflation Adjusted Tax Bracket for 2023
How to Choose the Right Tax Accountant (Ask These Questions)
Переглядів 15 тис.Рік тому
How to Choose the Right Tax Accountant (Ask These Questions)
Chris Brown Owes IRS $4M in Taxes - Federal Tax Lien Report
Переглядів 4,1 тис.Рік тому
Chris Brown Owes IRS $4M in Taxes - Federal Tax Lien Report
Disadvantages of Writing Off Your Car in 2024 - Section 179
Переглядів 117 тис.Рік тому
Disadvantages of Writing Off Your Car in 2024 - Section 179
Business Tax Deductions that 90% of Taxpayers Miss! [Must Watch]
Переглядів 12 тис.Рік тому
Business Tax Deductions that 90% of Taxpayers Miss! [Must Watch]
Small Business Taxes for Beginners & New LLC Owners
Переглядів 187 тис.Рік тому
Small Business Taxes for Beginners & New LLC Owners
Republicans Vote to Abolish IRS & Eliminate Income Tax
Переглядів 16 тис.Рік тому
Republicans Vote to Abolish IRS & Eliminate Income Tax
Business Owners: Watch this before Filing Your Tax Returns to Avoid Penalties
Переглядів 6 тис.Рік тому
Business Owners: Watch this before Filing Your Tax Returns to Avoid Penalties

КОМЕНТАРІ

  • @Bigballer200
    @Bigballer200 9 годин тому

    I’m 11 and taxes seem easy to fill out but annoying because they take tons of for bs reasons

  • @jamaalsabree
    @jamaalsabree 12 годин тому

    Appreciate it!

  • @cynthiagarrett6060
    @cynthiagarrett6060 14 годин тому

    Thank You for this video and the information provided. I am looking into starting my Non-Profit.

  • @user-bb5wd8cq4m
    @user-bb5wd8cq4m День тому

    Augusta loophole please

  • @peterwilliams1953
    @peterwilliams1953 День тому

    Aspiring investor

  • @thegenevasays
    @thegenevasays День тому

    So so helpful thank you for this

  • @jamesalexander8548
    @jamesalexander8548 День тому

    Is there a video on holding companies and trusts?

  • @The_Oblivion_Light
    @The_Oblivion_Light День тому

    Long term insurance is a joke. The one thing that is laughable about it is that companies offer it but when and employee needs to tap into it, they are terminated due to cut throat company policies where is short term kicks in for 120 days, they will terminate you at day 120. I've worked for 4 big companies and they all have the similar policies. When he said "By law", yes they offer it, but it should be by law, you are not allowed to terminate an employee before they are entitled to long term benefits.

  • @BASILSHAIKEN-xk8pi
    @BASILSHAIKEN-xk8pi День тому

    New Created Acct: S Pat p Zac da (120. Hr2

  • @djcuda
    @djcuda День тому

    In tryna Debit the young lady speakin 🫵🏽😮‍💨

  • @jaimestl3609
    @jaimestl3609 2 дні тому

    The S is silent in Illinois lol

  • @skip_myles216
    @skip_myles216 2 дні тому

    bro great job.i appreciate you.

  • @shanepote
    @shanepote 2 дні тому

    this is amazing, just 1 thing, it is a niché but the moving camera when you talking is extremely distracting

  • @humangoodness
    @humangoodness 2 дні тому

    Wow! Very informative. Thank you! At 4.37 minute, you said one should be kept as LLC if in real estate. Can you elaborate on that?

  • @nmarinake
    @nmarinake 2 дні тому

    Great video - thank you!

  • @joshwallman229
    @joshwallman229 3 дні тому

    except that 1031 exchange isnt allowed any more.

  • @efexzium
    @efexzium 3 дні тому

    Theres so many reasons employees are fired

  • @anthonykravitz6156
    @anthonykravitz6156 3 дні тому

    damn this is over simplified.... keep them confused !

  • @wlacroix10
    @wlacroix10 3 дні тому

    So you said I could use a virtual address as my address as a registered agent? So I guess the mail will still go to my house but it won’t be public knowledge? Correct?

  • @JoeBIgLotto
    @JoeBIgLotto 3 дні тому

    I will build a strip club in my basement and will import dancers 👯‍♀️ from Switzerland 🇨🇭 no English language required 😂❤❤ free shopping at Victoria secrets 🎉❤❤all colors . Also l take Annuity because l have more than 30 yrs to live anyway why rush 😂 love my money and dancers slow like soul train 😊

  • @gantchogantchev9385
    @gantchogantchev9385 3 дні тому

    you are the star

  • @AnthonyFlewelling
    @AnthonyFlewelling 3 дні тому

    100% helpful thank you

  • @myrtlewalcott465
    @myrtlewalcott465 3 дні тому

    Very helpful

  • @safwansatti5653
    @safwansatti5653 3 дні тому

    I have a situation where I pay rent plus the tax for the building every 6 months. Am I able to write off the tax off the building even though I’m not the owner of the building?

  • @basseyinyang5883
    @basseyinyang5883 3 дні тому

    From the simple definition of book keeping, you got me glued to the end. Thank you so much

  • @inspiredminds369
    @inspiredminds369 3 дні тому

    Greatful for your videos. You brake every single thing down on complicated topics. Thank you!

  • @elianasmith6330
    @elianasmith6330 4 дні тому

    Great video! Some key points were highlighted that I hadn't heard anyone else discuss. Thank you!

  • @SoloDistrictRecords
    @SoloDistrictRecords 4 дні тому

    So the government covers a percentage? or pays back if no return?

  • @christianpowell2844
    @christianpowell2844 4 дні тому

    Million dollas worth of game💯 thank you

  • @Florcitalove
    @Florcitalove 4 дні тому

    The only downside to this strategies is that like always there is something attached… this deductions reduce your income and when you want to apply for a car loan or most importantly… you dont qualify at all … even for a bicycle tire or a tent on credit. I am not been drastic about it … I am just been honest about it! 🤐🤐🤐🤐🤐

  • @Glogb3100_records
    @Glogb3100_records 4 дні тому

    @glogb3100_records team grantz over here i hate paying things back u feel me

  • @Glogb3100_records
    @Glogb3100_records 4 дні тому

    This my first yr owning my LLC Glogb3100_records I just payed my first payment yr on taxes beginning of this year

  • @Glogb3100_records
    @Glogb3100_records 4 дні тому

    I get alot of business credit from different banks there mails but idk bc I don't like credit cards and loans I just want only business Grants only with me

  • @Glogb3100_records
    @Glogb3100_records 4 дні тому

    💯❤️‍🔥💯❤️‍🔥💯❤️‍🔥💯❤️‍🔥💯❤️‍🔥💯❤️‍🔥💯💯❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥❤️‍🔥🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽🤟🏽 yes I'll got myz and plus I just payed my taxes on my business

  • @Glogb3100_records
    @Glogb3100_records 4 дні тому

    I got LLC sole member and plus I use trailor brand and they don't be taxing me that much this year in beginning this yr it was almost 300 hundred

  • @Glogb3100_records
    @Glogb3100_records 4 дні тому

    I payed my first LLC ownership taxes this beginning of this Year I'll be up on up on it

  • @user-pp8ly2wn6t
    @user-pp8ly2wn6t 4 дні тому

    Thanks for the new video! I’m looking forward to seeing what other content you post! Always good to learn as much as you can!

  • @TradingWorldMania
    @TradingWorldMania 5 днів тому

    So on weekend whatever the expenses you have like for Taxi and meals. Will it be write off or not?

  • @yac7774
    @yac7774 5 днів тому

    can't stand the speed at which this guy talks. had to click out the video.

  • @Katakagara
    @Katakagara 5 днів тому

    Wait you did this video in 2022??? Seems you changed the name! 😂

  • @timothydavie6215
    @timothydavie6215 5 днів тому

    How do you use HSA for investimentd without withdrawing it?

  • @m3gaman00
    @m3gaman00 5 днів тому

    You can STILL! Take out a fictitious name and get a business loan and account with a sole proprietorship

  • @user-bc2kc9hn1p
    @user-bc2kc9hn1p 5 днів тому

    as a balding fat white guy the exercise equipment I buy to get in shape is needed for my one person business to let people know I am not lazy

  • @giovannagaldos6215
    @giovannagaldos6215 5 днів тому

    I like your videos.

  • @josephinebardot8403
    @josephinebardot8403 5 днів тому

    Usually, I never comment on videos, but your video is so convincing that I am unable to stop myself from doing something about it. You’re doing a great job Man, Keep it up.

  • @livinginsoutheasttexas
    @livinginsoutheasttexas 6 днів тому

    If you use the straight line 5 year depreciation method there is no recapture.

  • @AlmarazRealtorCA
    @AlmarazRealtorCA 6 днів тому

    It looks like the State of CA has eliminated the application and filing fees for tax exemption.

  • @josephdemarchi3619
    @josephdemarchi3619 6 днів тому

    Subscribed, video Liked, sharing in 3,... 2,... ,1... GO!

  • @bcmoon4014
    @bcmoon4014 7 днів тому

    Where exactly do these rules apply? I'm located In Canada! Would this perhaps be only applicable in the US?

  • @SeasideOasisRentalsLLC-eh1qp
    @SeasideOasisRentalsLLC-eh1qp 7 днів тому

    A year late but are you taking new clients and if so are you licensed in SC?