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 […]
The Tax Game: Play to Win
The Tax Game: Play to Win https://youtu.be/sBkVitpwzxY Taxes aren’t about paying more—they’re about keeping more. By using the right strategies, you can legally reduce your tax bill and keep more of your hard-earned money. Here’s how to play smarter. Strategy 1: Shift Personal Expenses to Business Many everyday expenses can be partially or fully deductible […]
Tracking Expenses Without the Paper Chaos
Tracking Expenses Without the Paper Chaos https://youtu.be/M80cBJusbI0 Managing business expenses doesn’t have to mean drowning in a sea of crumpled receipts. By implementing a few simple strategies, you can track expenses efficiently and stay prepared for tax season—without the chaos. Step 1: Separate Business and Personal Accounts The first step to organized finances is separating […]
Writing Off an Old Vehicle in a New Business
Writing Off an Old Vehicle in a New Business https://youtu.be/okPgxcpMDN0 If you have an old car sitting in your driveway, you might be sitting on an unexpected tax deduction! When starting a business, you can place your existing vehicle into service and deduct its fair market value (FMV)—potentially saving thousands on taxes. How It Works […]