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Mike Makes Money
Registrace 29. 09. 2022
We teach business owners how to save money on taxes and grow their business.
If you'd like to see how we can help you go to taxprodirect.com/book
If you'd like to see how we can help you go to taxprodirect.com/book
Truckers Saving Taxes
Book A Call: taxprodirect.com/truck/
We're a tax firm that helps small business owners lower their taxes by the best ways possible and our goal is to help you save more of your money, retire faster and love your business even more.
We're a tax firm that helps small business owners lower their taxes by the best ways possible and our goal is to help you save more of your money, retire faster and love your business even more.
zhlédnutí: 541
Video
5 Best Ways To Lower Your Taxes
zhlédnutí 1KPřed rokem
Book A Call: taxprodirect.com/book We're teaching the top 5 ways to lower your taxes with the best entity (S corporation and C Corporation), and the best way to take deductions through income shifting, building trusts, and learning how to use retirement plans. We're a tax firm that helps small business owners lower their taxes by the best ways possible and our goal is to help you save more of y...
2023 Ultimate Tax Strategy
zhlédnutí 790Před rokem
Ultimate Tax Plan - Need Help? taxprodirect.com/learn-more/ We're going to dive deep into what you need to do to make a great strategy to save you money on taxes.
Top 24 Tax Deductions For 2023
zhlédnutí 10KPřed rokem
24 Tax Deductions - Need Help? taxprodirect.com/learn-more/ These are the top 24 tax deductions in 2023 that save big bucks We'll show you the best tax deductions so you can maximize your savings your money in 2023 We go way past deducting phones and cars, we show you the best way to deduct your home office, best plans to reduce taxes and if you like then please like and subscribe!
Tax Differences: LLC vs S Corp (Benefits)
zhlédnutí 952Před rokem
LLC vs S Corp - Need Help? taxprodirect.com/learn-more/ In this video, we'll discuss the benefits of owning a LLC vs. a S corp. We'll cover topics like taxation, saving taxes, liability, and more. If you're thinking about owning a business, then you need to know about the different types of businesses there are. In this video, we'll discuss the benefits of owning a LLC vs. a S corp. We'll cover...
The Top 24 Business Deductions To Lower Taxes
zhlédnutí 2,5KPřed rokem
24 Tax Deductions - Need Help? taxprodirect.com/learn-more/ In this video, we're going to share with you the top 24 business deductions that can lower your taxes. These deductions will help you get ahead on your taxes. If you're looking to lower your taxes this year, be sure to check out this list of 24 deductions! These deductions will help you reduce your taxable income and save you money on ...
my business is straight commissioned, with products that are also straight commissioned through the distributor what approach should i take?
Enjoyed your video; informative and to the point.
I am opening freight brokerage Business but I don't know what to choose
Stating my mobile dental hygiene business soon. Going to start an LLC but are there any restrictions/standards to be taxed as S-corp?
Wow, someone who actually makes some sense. I've literally seen people that talk about how they will spend a bunch of money on equipment or whatever at the end of the year just to save money in taxes even though you only save a portion of thw write off. some people still think if you spend $1 you save that much in taxes as if it was a tax credit, but you dont. Now if you needed it anyway, then yes, do it!
Me, I’m trying to DM you I just can’t seem to find how to DM you!
But the s corp can cause double taxation if you hahe a w2 job
Yep!
what form do I use to home office tax deduction if I am am LLC; you only mentioned scorp and ccorp. thanks
I need help please help with my crisis and mix up
I just tapped in, the gems 💎 they dropped😅 Bro I’m about to go crazy wit this information 🤝
Do y'all have office in Houston Texas?
Wow these public servants need to be replaced. Period!
THESE PEOPLE SCAM! I’ve started multiple llcs and corporation’s with a couple hundred bucks! Do your research by your state and learn the laws and tax codes and save the money! It’s simple and takes a few hours of due diligence
Correct, I was thinking their price was high for that
A LLC IS FREE to create ‼️
Where
Without knowing the right verbiage add into the document you are opening yourself for legal trouble. Most companies that do formation for around $300 remove that issue. It's still not free, you have to pay stay filing fees.
I applied for my LLC with the SOS (secretary of state) in Va for $75.00. EIN is free with (IRS.gov).
Construction company within an LLC needs bonds. Am I wrong? That's more than 300 to start and upkeep
I'm referring to creating the entity, not all of the other conditions.
What’s Soap?
S corp
How do I learn more
I'm trying to drive traffic from my TikTok page to my Teespring site page (ecommerce) but, TikTok doesn't allow you to have a clickable link anymore unless you have 1k followers or a Business license number. I have neither. However I do have an LLC. Could I use my EIN number instead?
Yes you can
ME
Very interesting I am planning on starting tiny business this fall
Book A Call With Us: taxprodirect.com/book
Truckers! Let Us Help You: taxprodirect.com/truck
Hi. Education expenses can be deducted? Thanks for the video! Very helpful
For tuition yes you'll need form Form 1098-T.
Good Video- Did I hear correctly? Can you use HSA money to pay for income taxes.
HSA money lowers your income. You cannot use it to pay income taxes or everyone would be doing it... including me!! But an HSA is a great way to lower your tax bill if you have health insurance. It's a must have IMO.
@@MikeMakesMoney What can you use the money on?
We'd Love To Help You Save Taxes! Book a call here: taxprodirect.com/learn-more/
We'd Love To Help You Save Taxes! Book a call here: taxprodirect.com/learn-more/
Need Tax Help: taxprodirect.com/learn-more/
Loooooved this!
I have a small business and I need some advice to get my stuff squared away... how do I get in touch with you? I'm in north Texas if that matters.
Sorry I just saw this. Book here: taxprodirect.com/booking/
What’s the best no cost way yo open a business and it will be best for tax purposes?
You just open as a sole proprietor. Then become a LLC taxed as a S Corp.
What strategy did you like the most? What are you going to implement?
We'd Love To Help You Save Taxes! Book a call here: taxprodirect.com/learn-more/
Very informative and straightforward. Thanks
Glad you liked it
Started a business, but haven’t actually started offering the services yet. I have made a lot of business purchases and use my basement as an office to work on getting the business started. Can I still claim these on my taxes?
2 things: 1. yes you can BUT 2. Only after you make your first sales so you can carry over those expenses to this year.
@@MikeMakesMoney appreciate you. Thanks
I heard for 2022 you can’t expense meals anymore is this true?
You can 100% expense meals in 2022 and for the foreseeable future. What you can't deduct is entertainment. If you'd like go to the description and I can help you strategize your taxes. Thanks for commenting!!!
I sell extra ‘stuff’ and take the 20% of utilities, insurance, etc from my main home. I started a home nursery business in 2022 and sold 5 fruit trees. Can I deduct another 20% for that small business on a second Schedule C? There’s no depreciation on schedule C, so I’ve never deducted it. I also have a summer cabin 3 week rental, and use schedule E for 12 months of bills. Not afraid of the IRS as long as I have receipts. Do I divvy up 100% of cell service and internet into each of 3 schedules C, C and E?
In investment properties is total $25000 k bussiness loss for each property or for all your properties? On this number $25000 is included depresiassion , travel etc? Or these are on top of that $25000?
@@deathvalley1477 You are confusing business (schedule C) with rental property (Schedule E). 25k is max loss over all rental properties including depreciation and other categories like utilities, ins, etc.
@@mommaoinnh2674 so whats the benefits of owning so much rental properties when claiming is so minimal? How you avoid paying taxes back in passive income if you can claim $25k and if you made $100k rentals.
Great video bro
Glad you enjoyed it and we'll have more soon
Thanks for your video. New sub
Thanks buddy. Nice to have you along. Going to make more and better videos in the coming weeks. Appreciate the kind words.
We'd Love To Help You Save Taxes! Book a call here: taxprodirect.com/learn-more/
We'd Love To Help You Save Taxes! Book a call here: taxprodirect.com/learn-more/