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LYFE Accounting
United States
Registrace 10. 05. 2019
LYFE Accounting is a full-service accounting firm that helps individuals and small businesses save on taxes and increase their wealth.
Taxes are the single largest expense that most people will pay over the course of their life. We teach you how to minimize this expense, while giving you strategies to increase your wealth.
On this channel, we will cover some very important topics such as:
- How to pay fewer taxes, and some cases, how to pay zero taxes
- How Business entities work such as benefits of LLC, benefits of S Corp, benefits of Sole proprietorship and C Corporations
- How to make smart business & individual investments
- How to build a profitable company
- How taxes on income work such as taxes on real estate, stocks, etc.
- Plus more!
Thanks for visiting, and we hope you enjoy our content. If so, please subscribe!
Taxes are the single largest expense that most people will pay over the course of their life. We teach you how to minimize this expense, while giving you strategies to increase your wealth.
On this channel, we will cover some very important topics such as:
- How to pay fewer taxes, and some cases, how to pay zero taxes
- How Business entities work such as benefits of LLC, benefits of S Corp, benefits of Sole proprietorship and C Corporations
- How to make smart business & individual investments
- How to build a profitable company
- How taxes on income work such as taxes on real estate, stocks, etc.
- Plus more!
Thanks for visiting, and we hope you enjoy our content. If so, please subscribe!
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).
👉 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).
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Good day can I also become a member of LLC because I'm staying in South Africa
What if you selling and not renting
Great information. Thank you 👏🏾👏🏾👏🏾
Why u make this so hard all this extra talking.
Thank you for this very helpful information! I was kind of thrown into a small biz and never understood how to pay myself. I def don’t have the 3 months expenses saved! That number seems so daunting! As simplistic as you put this video and how nice the points are, would you mind doing a very BASIC video about this for those who need a more vanilla explanation? Thank you!
hi Krystal, really love your video presentation. I'm a real estate agent and started to learn accounting, self taught, just for fun! Do accountants ever train a person to be a bookeeper, accounting assistant through on the job training, or is this challenging to find an opportunity like this. Whats the best way to learn quickbooks online? Do you reccomend becoming certified, and if so do certified bookeepers need to complete continuing education classes? So for so many questions, i value your opinion, thanks!
Very good explanation
What about digital receipts? Do they apply the same as physical receipts, given we are in the age of technology? I keep an excel log of all applicable business expenses and have files with the relevant receipts.
Great video. Informative and entertaining.
I wish I did it cuz a lot of people ik is not in jail and it been 3 years now and they still out here living their best lives and they only got 20,000… DAMN I MISSED OUT 😢😢😢.
What if a person is a full owner of a S Corp who receives W-2 income and K-1 income?
Love this channel! Always so informative and helpful!
Thank you for this information!
Regarding the repair section ~8:20: if I am replacing the roof or AC out of necessity, yes it will increase the value most likely but it’s not exactly for the sake of improvement. How is that handled?
Thank you, dear friend! You gave a meaningful insight! God bless you!
Thanks sir 🎉 6:52
Know any people that are interested in this ?
If we a family of five , form a C corp , and we parents want to keep anonymity of our stakes in C corp , and want to apply for SSI benefits ( not eligible for Medicare and social security , as we came as legal residents in our late sixties ) , will that be possible ?
Thank you for all the free information
Thank you for such an awesome video.
Video name should be " How to completely finesse the IRS". Love it!
Good tax tips
Liked and commented for algorithm
is there someone you can hire to handle all of this stuff for you?
You basically shift the taxes you would onto your family, who then doesn't make enough to really pay taxes, and thus skirt the IRS by using tax brackets to your advantage.
I’m confused on what to select for business purpose/activity on the EIN application for a holding company, as holding company is not an option. The subsidiaries will be in different categories. Please advise.
Thank you, for keeping it simple.
Thank you for the great content! I assume the registered owner of the car has to be the business to qualify for section 179 deduction?
Is section 179 only for “new vehicles” ?
Definitely take the lifetime payments y’all
lets do it
Very informational video. Thank you for sharing
Im considering 2 businesses selling water ice and teaching CPR classes.Any thoughts or info guys????
I think annuity would be my go to. I know I couldn't just blow it and I'd be comfortable for the next few decades.
Im a visual learner went to school for accounting ended up with business administration degree. Time to break the books back out and knock the dust off.
Yeah but how do you create an operating agreement ???
Great information 🔥
Proudly Bright 👏👏👏👏👏 summa cum laude
Retirement plans 🙋🏼♀️
You gloss over or really do not mention that this is only if you use your car for a legitimate BUSINESS use! Explain how is a vehicle considered a reasonable and necessary use for an accountant (you said you deduct your own vehicle)? I assume you mean driving from one office location to another?
Great video, clear and simple way of making the information more digestible for non tax experts 😂 very educational thanks
Thanks. Useful info!
Real question if I get added to a person with great credit 800 but they have student loans morgage and new car loan. I don't have any of that and don't want to add it to my report if I don't have to
thank so much the best advise for government contract that I see so far thank a lot god bless you
I absolutely LOVE the way you speak when teaching. The emphasis and slow words are how I learn best. I've had to tell my husband to explain boardgame instructions exactly like this 😂
Love the video. Thank you
Will this work if i pqy myself because of child support
Do you know how to create an LLC for free also?
Thank you so much ,I have tried many time to open an tin number through different web site and been asking me up to $ 300 and because of you I can create my pin for free thanks again .
I'm working on creating my photography business. I will not make 50k my first year. Should I do a Sole P first?