Not So Boring CPA
Not So Boring CPA
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Standard Mileage vs Actual Expenses - which is better?
In this video, we break down everything you need to know about claiming mileage tax deductions for your business vehicle. We’ll cover:
🚗 Who can claim the mileage deduction 📉 Standard Mileage Rate vs. Actual Expenses Method ✅ Pros and Cons of each method 🔍 IRS limitations and rules
Whether you're self-employed, an independent contractor, or a business owner, understanding these methods can help you optimize your tax deductions.
For more detailed training, check out our full bootcamp: Enroll Here
🔗Useful Links:
🌐 Website: www.remotecpainla.com
📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com
Contact info:
✅Email for any questions: kateryna@remotecpainla.com
✅Schedule strategy call : www.remotecpainla.com
✅LinkedIn: www.linkedin.com/in/kateryna--khalandach-cpa/
Thank you
Kat
Thank you for watching, and don't forget to like, comment, and subscribe for more tax tips and business advice!
Chapters: 00:01:24 - Who Can Claim Auto Expenses
00:03:04 - Standard Mileage Rate vs Actual Expenses
00:04:49 - Details on Standard Mileage Rate
00:06:41 - Details on Actual Expenses Method
00:08:00 - Pros and Cons of Standard Mileage Rate
00:09:47 - Pros and Cons of Actual Expenses Method
00:11:19 - IRS Limitations for Standard Mileage vs Actual Method
00:12:30 - Conclusion
#businessexpenses #BusinessTaxes #TaxPreparation #TaxSoftware #taxes #taxpreparers #taxpreparation #taxpreparer #proconnect #proseriestax #draketaxsoftware #draketax #cchaxcesstax #cch
zhlédnutí: 105

Video

ProConnect Tax Software Training - How to Prepare Business Tax Return 1065 in ProConnect [2024]
zhlédnutí 305Před 21 dnem
How to use ProConnect and prepare Business Partnership Tax Return in ProConnect Tax Software. In the end of the video you should be able to prepare the the business tax return in Proconnect Tax Software. #proconnect #businesstaxes #taxpreparation #taxsoftware Pronnect Tax Bootcamp - www.remotecpainla.com 🔗Useful Links: 🌐 Website: www.remotecpainla.com 📋 Enroll In My Course - Individual and Busi...
Taxslayer Pro tax software review [2024]
zhlédnutí 149Před měsícem
This video is the general overview of Taxslayer Pro tax software review. I will go over the interface of the tax software the pricing and provide with my opinion on the Taxslayer Pro tax software. Please watch more video on how to become tax preparer and learn to use different tax softwares. #taxslayer #taxslayerpro #taxsoftware #taxpreparer Useful Links: 🌐 Website: www.remotecpainla.com 🌐 Cpax...
Estimated Taxes - Underpayment Penalties are they worth paying?
zhlédnutí 102Před měsícem
Overview: In this comprehensive video, we break down the fundamentals of quarterly estimated tax payments for 2024. You’ll learn who is required to make these payments, important deadlines, calculation methods, and the potential consequences of underpayment or late payment. We also evaluate the financial practicality of making estimated tax payments in the current economic climate with prevaili...
How to record Sale of Asset in CCH Access Tax Software (Sale of Rental)
zhlédnutí 154Před 2 měsíci
This video is about How to record Sale of Asset in CCH Access Tax Software. 🔗Useful Links: 🌐 Website: www.remotecpainla.com 📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers :www.remotecpainla.com Contact info: ✅Email for any questions: kateryna@remotecpainla.com ✅Schedule strategy call : www.remotecpainla.com ✅LinkedIn: kateryna k...
Tax Preparation Engagement Letter : Must-Haves
zhlédnutí 159Před 2 měsíci
New tax preparation course on different tax softwares: www.remotecpainla.com In this video, we dive into the essentials of creating effective tax preparation engagement letters. Learn how to establish clear boundaries with your clients to ensure smooth tax return preparation. Here's what we'll cover: 1. What You're Going to Do: An overview of the tax return preparation process. 2. What You’re N...
MY STORY: From Waitressing to Big 4 Consultant to 6-Figure CPA Freelancer
zhlédnutí 241Před 2 měsíci
This video is my personal story how I became CPA, got my CPA license, worked at Music Industry in LA as tax preparer for musicians , as Big4 Tax Accountant and became self employed CPA. Hope this video inspire you in this journey as well! #taxpreparation #taxpreparer #taxeducation #cpa Buy my new tax preparation course : www.remotecpainla.com PART #2: About Me and This Channel Hi, I'm Kat. With...
S corp Tax Return Preparation Walk Through for Beginners ANY SOFTWARE - Proconnect Tax Example
zhlédnutí 801Před 2 měsíci
Buy my new tax preparation course : www.remotecpainla.com This video about how to prepare S-corporation tax return in any software by example in Proconnect Tax. I will teach you to how to do S-corp election, prepare the tax workpaper from financials and enter the tax return in the tax software by using the Proconnect Tax as example. #scorporation #taxreturn #taxpreparation #taxpreparer #proconn...
How to become Tax Preparer with No Experience
zhlédnutí 3,5KPřed 3 měsíci
How to become Tax Preparer with No Experience
9 Step Onboarding Tax Clients Process to land Your DREAM Client
zhlédnutí 334Před 3 měsíci
9 Step Onboarding Tax Clients Process to land Your DREAM Client
How to account for accrued interest, original issue discount and amortized bond premium adjustments
zhlédnutí 147Před 3 měsíci
How to account for accrued interest, original issue discount and amortized bond premium adjustments
CCH Access Tax Software Demo: Tax Preparation Bootcamp Individual Return in 1 hour [2024]
zhlédnutí 892Před 3 měsíci
CCH Access Tax Software Demo: Tax Preparation Bootcamp Individual Return in 1 hour [2024]
A guide to paying Quarterly Estimated Tax Payments: What They Are and Who Needs to Make Them in 2024
zhlédnutí 268Před 4 měsíci
A guide to paying Quarterly Estimated Tax Payments: What They Are and Who Needs to Make Them in 2024
Post-Tax Season Review: Boost Next Year with These Tips!
zhlédnutí 139Před 4 měsíci
Post-Tax Season Review: Boost Next Year with These Tips!
Why April 15? The Surprising History of Tax Day!
zhlédnutí 167Před 5 měsíci
Why April 15? The Surprising History of Tax Day!
Entering Prior Year Carryovers in 2023 Lacerte Tax Software: A Must-Watch Guide!
zhlédnutí 424Před 5 měsíci
Entering Prior Year Carryovers in 2023 Lacerte Tax Software: A Must-Watch Guide!
Avoid Late Filing Fees: File Business Extensions Free Online
zhlédnutí 390Před 5 měsíci
Avoid Late Filing Fees: File Business Extensions Free Online
Top 6 mistakes I discovered reviewing the tax returns this week
zhlédnutí 422Před 6 měsíci
Top 6 mistakes I discovered reviewing the tax returns this week
Entering Prior Year Carryovers in 2023 Drake Tax Software: A Must-Watch Guide!
zhlédnutí 951Před 6 měsíci
Entering Prior Year Carryovers in 2023 Drake Tax Software: A Must-Watch Guide!
From CPA to YouTube Star: Gaining Confidence On-Camera!
zhlédnutí 113Před 6 měsíci
From CPA to CZcams Star: Gaining Confidence On-Camera!
Drake Tax Software 2023: Tax Preparation Bootcamp 1040 and Biz return in 1 hour - What’s New in 2024
zhlédnutí 4,9KPřed 6 měsíci
Drake Tax Software 2023: Tax Preparation Bootcamp 1040 and Biz return in 1 hour - What’s New in 2024
Entering Prior Year Carryovers in 2023 Proconnect Tax Software: A Must-Watch Guide!
zhlédnutí 697Před 6 měsíci
Entering Prior Year Carryovers in 2023 Proconnect Tax Software: A Must-Watch Guide!
Schedule M-3 Form 1065 Explained
zhlédnutí 733Před 6 měsíci
Schedule M-3 Form 1065 Explained
NEW Form Help feature - Changes for 2024 Lacerte Tax Software Demo
zhlédnutí 501Před 7 měsíci
NEW Form Help feature - Changes for 2024 Lacerte Tax Software Demo
Drake Tax Software Training - How to Prepare 1040 in Drake Tax - Detailed Demo [2022]
zhlédnutí 2,8KPřed 7 měsíci
Drake Tax Software Training - How to Prepare 1040 in Drake Tax - Detailed Demo [2022]
NEW IRS Transcripts feature - Changes for 2024 Proconnect Tax Software Demo
zhlédnutí 493Před 7 měsíci
NEW IRS Transcripts feature - Changes for 2024 Proconnect Tax Software Demo
How I survive the tax season and increase Organization and Productivity as Freelance CPA
zhlédnutí 151Před 7 měsíci
How I survive the tax season and increase Organization and Productivity as Freelance CPA
CCH Axcess Tax Software Overview - Full Detailed Demonstration [2024] - What’s New in Tax 2023
zhlédnutí 2,3KPřed 7 měsíci
CCH Axcess Tax Software Overview - Full Detailed Demonstration [2024] - What’s New in Tax 2023
California Tax Update 2024: Avoid Audit Red Flags! 2023 California Tax Update [2024 Filings]
zhlédnutí 234Před 7 měsíci
California Tax Update 2024: Avoid Audit Red Flags! 2023 California Tax Update [2024 Filings]
About Kat - Join Me on the Tax Adventure - Not So Boring CPA Channel Introduction
zhlédnutí 945Před 7 měsíci
About Kat - Join Me on the Tax Adventure - Not So Boring CPA Channel Introduction

Komentáře

  • @lunamorris2091
    @lunamorris2091 Před 12 hodinami

    I’m more than happy to discover this channel. I need to thank you for your time for this, particularly a fantastic watch!! I liked every little bit of it and I have subscribed you to look at new posts all the time.

    • @notsoboringcpa
      @notsoboringcpa Před 10 hodinami

      Thank you kindly! Let me know if you ever have any questions

  • @jasonk305
    @jasonk305 Před 15 hodinami

    Great video. Thank you!

  • @udayrajmudhiraj143
    @udayrajmudhiraj143 Před 2 dny

    What type of things we should avoid making mistakes while reviewing tax returns can you please do the video on this topic

  • @vkhaccountingservicesllc7565

    This is why I end up doing a lot of amended returns. If someone only knows how to input numbers they aren't a tax preparer they are a data entry person. And if the taxpayer has more than a 1099 and w2, they can't understand the tax return.

    • @notsoboringcpa
      @notsoboringcpa Před dnem

      that's why I am trying to teach not only how to enter forms but the tax law and logic behind it. You have a good point!

  • @blec.g7522
    @blec.g7522 Před 3 dny

    Thank you . Would you please train us on GO SYSTEM ?

    • @notsoboringcpa
      @notsoboringcpa Před dnem

      I would love to do that but I don't own GoSystems :( maybe I will try to get it next year. Thanks for suggestion!

  • @piyushsaraswat125
    @piyushsaraswat125 Před 4 dny

    You did really a great work 😇 Thanks for the info

  • @YenVu-fy4nm
    @YenVu-fy4nm Před 7 dny

    Hi, Can you tell me How to enter equity numbers to balance sheet ? Appreciate that!

    • @notsoboringcpa
      @notsoboringcpa Před 7 dny

      Under balance sheet every there is a capital section where you enter prior year information for beginning balances and 2023 contributions and distributions under schedule m-2

    • @YenVu-fy4nm
      @YenVu-fy4nm Před 7 dny

      @@notsoboringcpaThank you for your quick reply. This is 1st year of the business. There is no prior numbers. So, where should equity numbers in the book go to keep balance sheet balanced ? Thank you,

    • @notsoboringcpa
      @notsoboringcpa Před 7 dny

      @@YenVu-fy4nm you have to fill up schedule m-2 for beginning balances $0 + current year contributions + current year income (automatically flows) - current year distributions

    • @YenVu-fy4nm
      @YenVu-fy4nm Před 7 dny

      @@notsoboringcpavery clear! Thank you so much for your help!

  • @Shahnu09
    @Shahnu09 Před 12 dny

    I want to learn more about Taxation

    • @notsoboringcpa
      @notsoboringcpa Před 7 dny

      Let me know what questions you might have and I would be happy to help!

  • @alexkumarin4312
    @alexkumarin4312 Před 13 dny

    Hi, my name is Alex I'm living in NYC and want to learn Individual and Business Tax Preparation Bootcamp training . can I contact you and get more info.tnx

    • @notsoboringcpa
      @notsoboringcpa Před 13 dny

      Hi Alex! Great to hear from you! I offer different online courses on my website remotecpainla.com. Also, pleae email me at Kateryna@remotecpainla.com if you have any questions

  • @notsoboringcpa
    @notsoboringcpa Před 16 dny

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @notsoboringcpa
    @notsoboringcpa Před 16 dny

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @notsoboringcpa
    @notsoboringcpa Před 16 dny

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @notsoboringcpa
    @notsoboringcpa Před 16 dny

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @notsoboringcpa
    @notsoboringcpa Před 16 dny

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @notsoboringcpa
    @notsoboringcpa Před 16 dny

    📋 Enroll In My Course - Individual and Business Tax Preparation Bootcamp training for CPAs, EAs and Tax Preparers : www.remotecpainla.com

  • @AvinashSingh-vj3rk
    @AvinashSingh-vj3rk Před 16 dny

  • @candlelightsoul
    @candlelightsoul Před 17 dny

    Thank you for sharing your amazing story! I want to transition to a new career. I have been self employed in health and travel insurance for many years. I am ready to start a new, lucrative career. I love the idea of working on my own schedule and oseasonally. I am a native Spanish-speaker and would want to work with individuals who speak Spanish.I am curious, do you service Ukranians and if so, has it helped your business success?

    • @notsoboringcpa
      @notsoboringcpa Před 17 dny

      I’m glad it was helpful! Good luck with everything you have in mind-I’m sure you’ll do great! Regarding me servicing the Ukrainian community, I help out occasionally to support people back home. I don’t view it as a strong business strategy since, for me, it’s less about serving clients based on nationality or language and more about finding the ideal clients I want to work with and the clients that appreciate you.

  • @asadahmedfaruqi
    @asadahmedfaruqi Před 18 dny

    Do you have Proconnect business course? Couldn’t find it on the website

    • @notsoboringcpa
      @notsoboringcpa Před 16 dny

      I actually will have it ready on September 7th. It will include Partnership, S corp and C corp tax return preparation and weekly calls with me (just added it to the website). Let me know if you have any questions meanwhile

  • @udayrajmudhiraj143
    @udayrajmudhiraj143 Před 22 dny

    Thanks a lot you're spending time for us to learn all the software once again' thanks a lot ❤😊

    • @notsoboringcpa
      @notsoboringcpa Před 22 dny

      You are welcome! Glad it can be helpful

    • @udayrajmudhiraj143
      @udayrajmudhiraj143 Před 21 dnem

      @@notsoboringcpa Can you please make a video in sale of home in pro connect.

    • @notsoboringcpa
      @notsoboringcpa Před 21 dnem

      @@udayrajmudhiraj143 will do my best. I have a general video czcams.com/video/qU3Uf8pomFg/video.html

    • @udayrajmudhiraj143
      @udayrajmudhiraj143 Před 21 dnem

      @@notsoboringcpa thank you so much for sharing this with me means a lot.😍😍

  • @user-pm6gq3vi4m
    @user-pm6gq3vi4m Před 23 dny

    Helpful❤

  • @newmhelemish
    @newmhelemish Před 23 dny

    Please do S Corp in ProConnect

    • @notsoboringcpa
      @notsoboringcpa Před 23 dny

      I will try!

    • @newmhelemish
      @newmhelemish Před 23 dny

      @@notsoboringcpa Thank you

    • @notsoboringcpa
      @notsoboringcpa Před 23 dny

      Actually I have one on S corp tax return preparation in Proconnect S corp Tax Return Preparation Walk Through for Beginners ANY SOFTWARE - Proconnect Tax Example czcams.com/video/O7EXr46r82I/video.html

    • @newmhelemish
      @newmhelemish Před 23 dny

      @@notsoboringcpa Also, no one talk about Zelle transfer in terms of reporting, would you please create a video about it?

    • @notsoboringcpa
      @notsoboringcpa Před 23 dny

      @@newmhelemish great idea! Thank you

  • @elitezero2k
    @elitezero2k Před 24 dny

    will you create finals returns (sale) and impact on schedule L?

    • @notsoboringcpa
      @notsoboringcpa Před 23 dny

      The ending balances on balance sheet should have $0 balances on final return. Technically you sell everything and it goes as distributions to the partners

  • @FitRealSaqib
    @FitRealSaqib Před 26 dny

    love it, Not so boring

  • @FitRealSaqib
    @FitRealSaqib Před 26 dny

    i love it

  • @10and2
    @10and2 Před 28 dny

    Do you not receive payment for preparing their taxes until 60 days based on the letter? When does a client pay you?

    • @notsoboringcpa
      @notsoboringcpa Před 28 dny

      That can be a case, but I usually send the invoice once the return is ready and most clients pay before it is e-filed. But they can pay later too, never had an issue for three client not paying in general

  • @gulfamali5990
    @gulfamali5990 Před měsícem

    I am a proconect user and just want to get fimilier with Drake too and i found your vedio and its very helpful.

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      Thank you so much!

    • @gulfamali5990
      @gulfamali5990 Před měsícem

      @@notsoboringcpa Drake offer free trail period?

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      @@gulfamali5990​​⁠not free trial period, but they have free trial version

  • @user-gh4oj1bj9y
    @user-gh4oj1bj9y Před měsícem

    This is no use because you are not entering the data just reading line by line so not much use

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      You should check out some more their videos where do enter data. Hope that would be helpful!

  • @RajuSharma-gb5qt
    @RajuSharma-gb5qt Před měsícem

    Thanks

  • @SonyaWongJamisonKeener
    @SonyaWongJamisonKeener Před měsícem

    Great video, Kat! Thank you for sharing your insights on Tax Slayer.

  • @LucretiusDraco
    @LucretiusDraco Před měsícem

  • @amjad4mi
    @amjad4mi Před měsícem

    Planning to start preparing & practicing in Texas

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      That’s amazing! Wish you all the luck and believe that you can do it!

  • @amjad4mi
    @amjad4mi Před měsícem

    I have been serving in supply chain, and Realestate Investment company with a senior Role, though stared as Cashier.(amazing journey) Moved to US three years ago, and starting with Tax and Accounting Services.. and your videos are gratefully helpful.. Stay blessed

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      Great to hear! You can do it! Let me know if you ever have any questions. Here is my email kateryna@remotecpainla.com

  • @amjad4mi
    @amjad4mi Před měsícem

    Thanks for your help on Tax preparation

  • @amjad4mi
    @amjad4mi Před měsícem

    Congratulations

  • @RichardGold-x8q
    @RichardGold-x8q Před měsícem

    This IS fantastic! Thank you

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      You are so welcome!

    • @RichardGold-x8q
      @RichardGold-x8q Před měsícem

      @@notsoboringcpa I may reach out. I like supporting those that I find interesting and worth while! Plus, i truly believe i could really learn to be a good tax pro with some proper guidance!

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      @@RichardGold-x8q Thank you!🤗

  • @hildaguardado8083
    @hildaguardado8083 Před měsícem

    Hi! Is there a way to look at all clients who have filed a schedule c?

  • @sanorarae5478
    @sanorarae5478 Před měsícem

    Do you offer business return prep courses for CCH Axcess Tax?

    • @notsoboringcpa
      @notsoboringcpa Před měsícem

      I don’t at the moment, but I will starting mid August. Thank you for asking - I will keep you updated!

    • @sanorarae5478
      @sanorarae5478 Před měsícem

      @@notsoboringcpa thank you!

  • @KMS-f8t
    @KMS-f8t Před měsícem

    Rental property interest expense not addressed

  • @hamzakhalid4855
    @hamzakhalid4855 Před měsícem

    Thank You Not so Boring CPA😀 it was a Nice Video i am your new Subscriber

  • @hannahjoycemiranda2107
    @hannahjoycemiranda2107 Před 2 měsíci

    I am a CPA from the Philippines working as a US Tax Accountant / Contractor helping US companies prepare taxes for clients. Your videos have been very helpful!

  • @WendiMontano1986
    @WendiMontano1986 Před 2 měsíci

    Partnerships in California who files 565 and 568 who pays ftb $800 min tax.

  • @WendiMontano1986
    @WendiMontano1986 Před 2 měsíci

    Do you have classes for California forms 565 and 568 I get confuse there

  • @WendiMontano1986
    @WendiMontano1986 Před 2 měsíci

    You are in California, can you make videos about differences between 568 and 565 forms who pays 800 ftb minimum and exactly what entity or partnership files . This videos are not anywhere. Pls and thank you.

    • @notsoboringcpa
      @notsoboringcpa Před 2 měsíci

      great idea! Thank you - I will try my best to record the video on this

  • @sanorarae5478
    @sanorarae5478 Před 2 měsíci

    Please make more CCH videos! Thank you for your excellent work!

  • @huanli4381
    @huanli4381 Před 2 měsíci

    Hi I just use drake filed a 1065, I bought $349 drake, it says 59.99 for 1065, after I filed 1065, I did not know where to pay 59.99,can you tell me where to pay it. My 1065 has been accepted by IRS.

    • @notsoboringcpa
      @notsoboringcpa Před 2 měsíci

      $349 already includes a few returns, you will need to pay after you use them.

  • @srmlb
    @srmlb Před 2 měsíci

    This was very helpful!

  • @gulfamali5990
    @gulfamali5990 Před 2 měsíci

    Informative and looking for more videos

  • @salpremiers
    @salpremiers Před 2 měsíci

    Congratulations you deserve whatever you have accomplished!! Nothing comes easy in life and thanks to that we give value to everything we do. I like your story and keep going, thank you for sharing this video not a lot of people have the courage to do what you did.

    • @notsoboringcpa
      @notsoboringcpa Před 2 měsíci

      Thank you! I appreciate it! And, I am here to support you in your journey to get the life that you want! 🫶❤️

  • @notsoboringcpa
    @notsoboringcpa Před 2 měsíci

    Please share your story with me📖, where you are now 📍, and where you want to get! 🚀 I am here to support you on this journey. 🤝

  • @izhardawer
    @izhardawer Před 2 měsíci

    I wana work.

    • @notsoboringcpa
      @notsoboringcpa Před 2 měsíci

      I will make sure to record a video how to get more work or a job as tax preparer. Thank you for suggestion!