FREE MASTERCLASS: How to Deduct a Business Vehicle

  Рет қаралды 4,480

Navi Maraj, CPA

3 ай бұрын

💰 Ready to save THOUSANDS in taxes? Enroll in my course here 👉
navimarajcpa.teachable.com/p/smallbusinesstaxessale
Discover effective tax deduction strategies for your business vehicle!
In this video, Navi will show you how to maximize your car expenses and navigate tax laws like a pro. Learn essential tips on deducting your car for business purposes, including mileage tracking and expense optimization. Get ready to drive your tax savings further with our expert advice. Watch now and boost your business's financial efficiency!
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ABOUT ME
I help entrepreneurs save thousands of dollars in taxes! I accomplish this in two ways:
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I've created a course designed to convert business owners into tax-savvy entrepreneurs who confidently implement strategies that save them thousands of dollars in taxes each year.
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We help entrepreneurs with their tax preparation, tax planning & implementation of strategies, bookkeeping, payroll, and wealth creation via our full-service CPA firm.
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I guarantee you will find them valuable.
CHAPTERS
00:00 Introduction
06:43 - Lease vs Purchase
15:57 - Depreciation
40:50 - Accountable Plan or Books?
45:16 - Commuting vs Business
46:07 - Final Thoughts
MUSIC LICENSES
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Author Username: LumenMedia
Licensee: Hex Studio Creative Team
Registered Project Name: HEX Creative Studio
License Date: April 26th, 2024
Item License Code: 57YWZQKMG4
Disclaimer:
This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.
© Navi Maraj CPA PLLC. All rights reserved.
#TaxDeductions #BusinessTax #CarDeductions #TaxStrategies #BusinessExpenses #SmallBusinessTips #TaxSavings #BusinessCar #TaxAdvice #FinanceTips #TaxSavingsTips #EntrepreneurTips #BusinessDeductions #TaxSeason #TaxPlanning

Пікірлер: 17
@NaviMarajCPA
@NaviMarajCPA 3 ай бұрын
Ready to save THOUSANDS in taxes? Enroll in my course here 👇 navimarajcpa.teachable.com/p/smallbusinesstaxessale
@GabrielYeager
@GabrielYeager Күн бұрын
Very resourceful. Thank you!
@jasonpittmon2036
@jasonpittmon2036 4 күн бұрын
Im a nerd for the details😅 thanks for scratching my itch!
@takeshi1242
@takeshi1242 Ай бұрын
Excellent thank you!
@doc0875
@doc0875 Күн бұрын
The video is good but it is all about the HOW to deduct a business vehicle but there is almost no discussion of what actually qualifies as business use of a vehicle. For example, if someone works 100% from a home office it is unclear what exactly would constitute business use of a vehicle.
@uzbek1988
@uzbek1988 3 ай бұрын
This guy is amazing. Thank you, sir🙌
@NaviMarajCPA
@NaviMarajCPA 3 ай бұрын
Anytime!
@WolfcamSMKSmartMirrorDashCamwW
@WolfcamSMKSmartMirrorDashCamwW 3 ай бұрын
Great video. Very well explained! Thank you
@NaviMarajCPA
@NaviMarajCPA 3 ай бұрын
Thanks for watching. Appreciate the feedback. 👍🏼
@noemiavila5873
@noemiavila5873 3 ай бұрын
Love the way you explained. Thank you.
@NaviMarajCPA
@NaviMarajCPA 3 ай бұрын
You’re welcome. Thanks for the feedback!
@salpremiers
@salpremiers 3 ай бұрын
Great presentation!!!
@NaviMarajCPA
@NaviMarajCPA 3 ай бұрын
Thank you!
@LivingInLakewoodRanchSiestaKey
@LivingInLakewoodRanchSiestaKey 3 ай бұрын
Navi has saved me THOUSANDS of dollars and always takes the time to answer all my questions, no matter how long it takes. Love him!
@jesusguerra_ap
@jesusguerra_ap 3 ай бұрын
I thoroughly enjoy watching your videos! I'm particularly interested in learning more about tax implications for LLCs that own other LLCs or S-corps that own LLCs. Do you have any videos covering this topic? If so, I'd greatly appreciate it if you could point me in the right direction. Your expertise in this area would be incredibly valuable to me. Thank you!
@BackwoodsCatfishing
@BackwoodsCatfishing Ай бұрын
Hopefully you can help here, I'm an LLC my vehicle is used 80% of the time. Could I wrap my vehicle and the remaining 20% of personal miles be converted to business miles since I am advertising and working now?
@davidwei5493
@davidwei5493 3 ай бұрын
@navimarajcpa Question for you: you mentioned @36:07 that for Lyft Drivers they can consider the vehicle as Equipment and deduct 100%, can you clarify if this applies to Turo Rentals as well for vehicles under 6000 GVWR but not used 100% for business (but still over 50% business use)?