Everyday Tax Write Offs for Small Businesses! [24 hr Challenge]
Рет қаралды 16,054
3 ай бұрынWatch this entire video to learn in real life everyday tax write-offs for small businesses!
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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 to start incorporating on a daily basis as well.
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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).
@leiru01 3 ай бұрын
I like this series “day in the life of a tax write off-er”
@mosesdelaney8667 3 ай бұрын
The BEST quick video on tax write-offs I have ever seen. Great job!!
@LYFEAccounting 3 ай бұрын
Wow, thanks!
@JCouch444 3 ай бұрын
That was supper helpful. Just being able to see deductions in action makes it alot easier to understand. Thanks!
@THEDOPEGAME 3 ай бұрын
Subbed 😎 Your videos have a good pace and have been very helpful in helping understand my responsibilities! Thank you
@jordanh4127 3 ай бұрын
My wife writes off her gym membership. She runs a large gymnastics program and needs to stay in shape. Love your content
@mtigress4589 2 ай бұрын
That's still more of an expense for personal benefit.
@johnholding107 Ай бұрын
@@mtigress4589says who? You or the IRS?
@dgunnslate 3 ай бұрын
These a great, useful tips! This is perfect I formation to share with my bookkeeping clients. Please do continue sharing tips like these!
@deenlyfe Ай бұрын
Great Insight and valuable nuggets,thanks for sharing 🙏
@unclezizo 3 ай бұрын
Oh, man! Welcome back. We missed you!
@jaydemilove9166 3 ай бұрын
I liked the day in the life and business strategy in this video, very informative
@ReggieReg99 2 ай бұрын
Great video, loved the hack with the Gym included in the office membership +++
@mykyrox 22 күн бұрын
This guy is the conductor of the, “Value Train‼️” Thank you for such great content
@Notme55555y 3 ай бұрын
Love this!!!! Would love to see one for work travel
@yinyangcalmness178 2 ай бұрын
With 3 more days until tax deadlines, I owe for the first time in my working life. I'm confused as to why I owe so much. So now I'm seeking support to lower or reverse my large amount. This is the challenge in itself.
@MaestraInMontana 3 ай бұрын
Thank you so much for the extremely helpful information! You guys will be my Top 1 tax prep partner once I go full speed towards my dream business. New subscriber here!! 🙏👏❤️
@carlosalfonso9902 3 ай бұрын
Great video. Love the concept of this method of education - practical application! More of these, please.
@LYFEAccounting 3 ай бұрын
More to come!
@everybodyfitnessinjax 3 ай бұрын
I love your videos! Straight to the point and easy to follow. Thank you! 👏 👏
@LYFEAccounting 3 ай бұрын
Thank you!
@barcoproductions Ай бұрын
I really enjoyed this!
@JRoseBooks 2 ай бұрын
This was super clever!!
@Jason4Star 2 ай бұрын
Smart planning dude. I love it.
@kasiwilliams5927 3 ай бұрын
Great video thanks for sharing.
@FM-yk1yr 3 ай бұрын
Great challenge!!!
@user-yp9oq2qm6z 2 ай бұрын
Great information Sir,thank you.
@staydownpromo 3 ай бұрын
Great info 💪🏾
@wallye8713 3 ай бұрын
AWESOME !!! Huge TY
@lifeofyanique381 3 ай бұрын
Great Video !!!
@AshleyOwens-kc1hr 2 ай бұрын
Love this
@frandomsss 24 күн бұрын
Great info
@isaiahhawkins5049 3 ай бұрын
You have a great endgame tactics.
@snowbarnes 3 ай бұрын
Great info! Are meals associated with business travel 100%?
@steverodriguez9041 3 ай бұрын
Great challenge! One you can expound on as you make the challenge more...challenging...🙄
@josettedessalines6389 3 ай бұрын
I want you guys to do my taxes. I don't think other accountants are taking advantage of these strategies.
@SaraMeeks-hy5tx 2 ай бұрын
So how do you do it. Do you keep like the physical receipts? 🤔
@shawnjamesbenosa7709 2 ай бұрын
damn!! good stuff!
@haimeedwards1120 3 ай бұрын
Lyfe accounting i missed you on this channel can you do more videos on this channel its been so long. Also you did 2022 2021 and 2023 is there any grants for 2024???
@nicoletriplett8690 Ай бұрын
Hello, Do you contract for speaking engagements virtually for business cohorts?
@iramgonzalez9762 Ай бұрын
What if your business meals are at your home office? Example you order food for delivery and then do a business zoom meeting
@brucelee4644 2 күн бұрын
Do you have a video on how to invest your personal money into your business the correct way. If there is a correct way.
@doriangel97 24 күн бұрын
What if I work from home as a single member LLC owner and need to go to a coffee shop or restaurant to do administrative work (non client related)
@letsgobrandon6545 8 күн бұрын
I bet most people will think that all these "write offs" are same as tax credits, but essentially all these are pretty much are 10-20 percent cashbacks(and only if you are profitable), so when dude buys Tesla for 100k and writes it off completely in a first year he essentially buys it for 90-80k if he is profitable.
@OriginalCreek_478 2 ай бұрын
One of the best videos out on KZfaq right now! Will be sharing with my family! 🫡
@josettedessalines6389 3 ай бұрын
hi new subscriber here. Thank you
@Eliqueme 3 ай бұрын
Do you go by 'jojo' too
@josettedessalines6389 3 ай бұрын
@@Eliqueme Lol some people drop it to jojo, lol
@patriciarivers5751 3 ай бұрын
Perfect
@oscarhernandez8693 Ай бұрын
🎉🎉🎉
@olayemiaguda842 Ай бұрын
Please when can a new struggling and with no profit business file tax
@miRichie 2 ай бұрын
The system is so fd
@huntermorgan7663 Ай бұрын
I like it
@ZeitlinBrothers 3 ай бұрын
Is there any way to contact you about business? (this is not spam lol)
@ATTIQOP 2 ай бұрын
Bro am really confused if I buy a house from my money that is my income from my business that will be a large amount and it will get taxed a crazy amount too how can I reduce it
@memoriacrowncollection 2 ай бұрын
Look into getting a business that needs a Airbnb so you can use it as a write off for the business
@Eliqueme 3 ай бұрын
W
@LYFEAccounting 3 ай бұрын
💯
@VAH2112 3 ай бұрын
Are 1099 workers eligible for these tax write offs?
@LYFEAccounting 3 ай бұрын
Yes!
@yinyangcalmness178 2 ай бұрын
Great question. 1099-NEC. Using TurboTax this year. And I'm not sure why I owe so much. Trying to find ways to lower the amount.
@ban_tik_tok 3 ай бұрын
This is what BLK youth should be learning INSTEAD of trying to be "aspiring rappers" 🤦♂️👍
@bdm8960 3 ай бұрын
Ur comment and thoughts are not needed
@ban_tik_tok 3 ай бұрын
@@bdm8960 You need a REALITY check❗To me it seems you're in Denial. Aspiring rappers are RUINING the community. They need to GO 👎👎
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