9-5 vs Owning a Business
9-5 vs Owning a Business https://youtu.be/-l4hR_ndmuI Choosing between staying in a 9–5 job or building your own business isn’t just about lifestyle—it’s about how the IRS treats your income. Structure, documentation, and execution can dramatically change your after-tax outcome. Let’s break it down. The Tax Reality of W-2 Income If you’re working as a traditional […]
Tax Planning Tips for Freelancers & Small Business Owners
Tax Planning Tips for Freelancers & Small Business Owners Freelancers and small business owners enjoy freedom, flexibility, and the chance to be their own boss. But with that freedom comes a challenge: taxes. Unlike employees with steady paychecks and automatic withholdings, freelancers and entrepreneurs must juggle unpredictable income, track expenses, and make quarterly payments—all without […]
The Ultimate Guide to Tax Deductions for Individuals & Small Businesses
The Ultimate Guide to Tax Deductions for Individuals & Small Businesses Imagine walking into a store where everything is on sale—you wouldn’t pay full price, right? Well, tax deductions work the same way. They help lower your taxable income, which means you pay less in taxes. Whether you’re filing as an individual or running a […]
Top 10 Tax Deadlines Every Taxpayer Should Mark in 2025
Top 10 Tax Deadlines Every Taxpayer Should Mark in 2025 Ever had that sinking feeling when you realize you missed an important deadline? Maybe it was a credit card payment or a work assignment. Now imagine that same feeling—but with the IRS. Missing a tax deadline isn’t just inconvenient; it can cost you big in […]
Should You Be Making Estimated Payments?
Should You Be Making Estimated Payments? https://youtu.be/22Qdx77CE0Y When it comes to estimated tax payments, many people wonder: Do I really need to pay the IRS quarterly, or can I just wait until tax day? The answer is: it depends on your income, and failing to pay on time can cost you. The key to avoiding […]
Correct way to pay yourself as an LLC owner
Correct way to pay yourself as an LLC owner https://youtu.be/jcVMq-3aU3g Paying yourself isn’t about taking money out—it’s about taking it out the right way. The method you choose depends on how your LLC is taxed, and getting it wrong can mean higher taxes and unnecessary headaches. Here’s how to do it strategically. Strategy 1: Use […]
Clean Vehicle Credits
Clean Vehicle Credits The Clock is Ticking: Clean Vehicle Tax Credits Expiring The Clock is Ticking on Clean Vehicle Credits The One, Big, Beautiful Bill Act (OBBBA) has drastically shortened the timeline for valuable tax credits. Act before the deadline to benefit. Deadline: September 30, 2025 All individual and commercial clean vehicle credits expire on […]
Navigating the OBBBA
Navigating the OBBBA https://youtu.be/s2t0xqAl6P4 Get ready to revisit your financial playbook! On July 4th, President Trump signed the landmark One, Big, Beautiful Bill Act (OBBBA) into law, ushering in significant tax changes that will shape the financial landscape for individuals and businesses alike starting in the 2025 tax year. This far-reaching legislation extends and enhances […]
100% Bonus Depreciation is Back (Permanently!) for ALL Real Estate Investors
Big News for ALL Real Estate Investors: 100% Bonus Depreciation is Permanently Back! For real estate investors, the tax landscape just got a whole lot brighter! The highly anticipated One Big Beautiful Bill Act (OBBBA) is now law, and it’s delivering an unprecedented advantage: 100% Bonus Depreciation – permanently reinstated! This isn’t just a fleeting […]
LLC vs. S Corp: What’s the Difference?
LLC vs. S Corp: What’s the Difference? https://youtu.be/swBomiuIOs0 Not all LLCs are created equal. Choosing between a default LLC and electing S corporation (S corp) status can significantly impact your taxes. Let’s compare the two structures. Sole Proprietorship LLC (Default) Files taxes on Schedule C. Pays 15.3% self-employment tax on all profits. Simple setup, minimal […]