How Tax Planning (Not Tax Prep) Saves Thousands of Dollars in Taxes

Рет қаралды 6,758

Күн бұрын

This video discusses the difference between tax preparation and tax planning. How tax planning (not preparation) saves my clients thousands of dollars in taxes and my thoughts on the steps to tax planning.
Take what you learn from this video and ask your legal or tax professional all of your specific questions. If you want to contact me, my information is below.
If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment.
Website: www.navimarajcpa.com
Email: navi@navimarajcpa.com
Phone: (561) 318-0232
Instagram: / navimarajcpa
LinkedIn: / navi-maraj-cpa-78b9b250
Twitter: / navimarajcpa
Facebook: / navi-maraj-cpa-pllc-10...
This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation.
© Navi Maraj CPA PLLC. All rights reserved.

Пікірлер: 31

@elizabethruiz9006 Жыл бұрын

Wow! Finally found someone (you) that explains these topics so easily. Thank you.

@NaviMarajCPA Жыл бұрын

You're so welcome Elizabeth! Glad you are learning.

@Transformers-sofl 5 ай бұрын

Excellent Video

@Hassanff3651 Жыл бұрын

Thank you for making these quality videos.

@Tsaih181 3 жыл бұрын

thank you for the video! i started with the one talking about difference between LLC and s- corp, and quickly realized that all your videos are so informative and easy to understand!

@NaviMarajCPA 3 жыл бұрын

You’re welcome! Glad you’re finding them helpful and easy to understand.

@aryansingh4134 3 жыл бұрын

Bruhh, this channel is so underrated. You should getting more views.

@NaviMarajCPA 3 жыл бұрын

Agreed! :-) Thanks for the feedback!

@BdManus 3 жыл бұрын

Some of the things that you talked about I already do, but I didn't realize how much more I can save on. Thank you for your information, this was an awesome presentation.

@NaviMarajCPA 3 жыл бұрын

That’s great @Bd Manus. Glad you were able to learn more and SAVE more! That is what my channel is all about!

@bronson448 Жыл бұрын

Great video, I love to see the one where you hit on all the strategies individually

@NaviMarajCPA Жыл бұрын

I've hit on the overwhelming majority of them already. Check the older videos on my channel. Also, not trying to sell you anything, but I teach all of this via a course. You can learn more about it on my website which is www.navimarajcpa.com.

@user-fy7vl3ex4e Ай бұрын

how much you charge for tax planning?

@shashankvsingh 3 жыл бұрын

Thanks for awesome video. Can you also create a video of tax planning if you have W2 income and also a side hustle company then how to plan and what tax advantage you can use to offset W2 income.

@NaviMarajCPA 3 жыл бұрын

You're welcome Shashank. I can create a video like that, but, it will probably be a few weeks (perhaps months) away. Stay tuned!

@TheMrCoven 3 жыл бұрын

@@NaviMarajCPA also looking forward to this video!!

@tssafarina1 Жыл бұрын

I thought you had 75 days to elect S-Corp status. Has that changed? Can you elect S-corp after a year of being in business?

@NaviMarajCPA Жыл бұрын

You sure can…check this video where I explain how: How to file a LATE S Corp Election by completing Form 2553 kzfaq.info/get/bejne/rqdoZNaHu9rLoGw.html

@strll3048 Жыл бұрын

Thank you so much! We have a purpose built office specifically for our business and have used it exclusively for business purposes for almost 17 years... We were told that the office deduction is more trouble and risk than it's worth. If you happen to have any thoughts we would appreciate it.

@jmridul71 2 жыл бұрын

Great content ! Can you create a video on Solo 401K and how you can have the spouse participate in the plan and the IRS requirements around it especially for a Sole Proprietor where only one person has revenue/income.

@ranjitsandhu4918 3 жыл бұрын

Another great video. Thanks. I do my own taxes for many many years and doing real estate sales person for the past 10+ years. Getting my broker license soon and thinking about doing my own business. Need help on that if you can. What is the best way to go that route sole or LLC?

@NaviMarajCPA 3 жыл бұрын

Hi Ranjit...I responded to you in another comment section. There is not a one size fits all answer - sometimes the State's real estate commission has requirements and other times the State itself has legal requirements that will impact the answer to your question. That said, you wouldn't want to establish a real estate brokerage as a sole proprietor. It's likely going to be an LLC or Corporation.

@ranjitsandhu4918 3 жыл бұрын

@@NaviMarajCPA I have a friend who did not create LLC, just DBA. But my situation is different than his. I want to protect my assets as well but if I create LLC, I have to pay $800 state tax for CA even though I don't make $0.