What is a Tax Write-Off and Tax Deduction for Small Businesses?

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What is a Tax Write-Off and Tax Deduction for Small Businesses?
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxes #taxfreeliving #taxexpert #taxreduction #llc

#taxes #taxfreeliving #taxexpert #taxreduction

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If you own a small business, ever wonder what's the difference between a tax write-off and a tax deduction?

Here are some tax deduction tips that can help you save you massive amounts of money on your taxes and stay on top of your business finances.

In this video we discuss: What is a Tax Write-Off and Tax Deduction for Small Businesses?

Watch this video until the end to avoid overpaying Uncle Sam and to start making the most out of your real estate business!

*Disclaimer: I am not a financial advisor nor am I an attorney. I am a licensed Enrolled Agent. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

[Chaycetownson]

Everyone had good credit score until later in life, people’s financial mistakes and college school loans ditching people’s credit score, mistakes of applying for credit cards and carrying balances month-to-month, only making minimum payments, missing payments, neglecting to review your billing statement, not knowing your APR or applicable fees, taking out cash advance etc and not even talking about the United States crazy medical bills that's putting people's credit in the trough.

[ApaulOnaivres]

I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 732 and I’m still going up with *850FINANCIAL ASSESSMENT* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.

[freedom]

Credit scores are just a form of control, so if you want to continue living a good life, it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *Linux tech corps* made it stay at that range and getting it up

[RIFAEECOLOURS]

Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *850financial assessment*

[fugarecords]

I have 2 chapter 13’s that are dismissed. The reason I have 2 is bcz I did not use an attorney. I was trying to stop an eviction, but when I went to try to add another month’s rent to the bankruptcy, but the guy filed another one. About a month later, I ended up losing my job. They are scheduled to fall off in January and March 2021. Since I’m looking to purchase a home soon but still there. I am currently enrolled in *850Financial assessment* and I must say, I am loving it thus far. I’m doubling it up with your podcast videos and learning A LOT! Thank you. I’m ready to join the millionaire club!!!

[dumencikediofficial]

VERY well done ! I say this with 40+ years in mortgage finance & banking working with credit bureaus. Different models and parameters are used by different industries but *Linux tech corps* info is pretty much universal. If you're trying to max your credit scores, there is a happy medium between too many credit cards and none. Too many cards with zero balnce may actually hurt you in some cases. Even if you do not use them, you have a potential. To always pay cash & still have cards doesn't help your scores as well

[universityofpassiveincome]

Bro your beats be slapping. Got me free styling throughout the whole video

[punchy]

Stumbled across this channel today and you have some amazing content! Thank you!

[elianasmith]

Keep more videos like this coming please. The more in depth and detailed they are the more helpful they are.

[stackhouse]

We will continue to support you & this channel continue to do the excellent work, this content is very helpful to everyone!

[ikaikamaxwell]

Great stuff! Your easy to follow and understand. Thanks for answering so many of the questions that I had. I support you 100%!👍

[dando]

When Knowledge meets with eloquent Oratory ! I salute the master 🙏

[diannawhite]

So appreciate you and that I found you. Perfect Timing 🕊️

[cuongtruong]

Thank you soo much for this!! Learned so much from your channel so far! 💯💯💯🙌

[freedomhigh]

Very insightful. I like your delivery of this information, you make it fun and interesting. Saving money is always a good feeling. Thank you for what you do !

[diegoclement]

phenomial video and presentation! I love watching your videos as I can always appreciate your passion for your work.. nothing beats seeing your smile as you talk so vigorously about how to become a "savier taxpayer". Thankyou for sharing your skills and knowledge with us all, I truly appreciate you Karlton!

[himynameis]

The quality of your content is so amazing.

[jaimeylillian]

Wow, this is gold!
Appreciate the information ✍🏽

[FreshGenprograms]

This helped so much!!! Appreciate this video a ton!

[Biz]

Thanks for all the valuable information and simplifying it to make it all understandable, great video!