TAX LESSONS: Tax planning as a Sole Proprietor (Business Owner)
https://youtu.be/HUovZVqJIAM Understanding the tax implications of being a sole proprietor is crucial for managing your business and maximizing your financial success. In this video, we’re…
Tax Lessons: How your 401k reduces your taxes (Easy)
https://youtu.be/KnqqUOabK8c A 401(k) isn’t just a retirement savings account—it’s also a powerful tool for reducing your taxable income. By contributing to a 401(k), you can…
TAX LESSONS: Understanding Deductions vs. Credits
https://youtu.be/uhqddCNFocA The Difference Between Tax Deductions and Tax Credits: Why It Matters for Your Bottom Line If you’ve been paying attention to the financial world…
Combining Tax Strategies
https://youtu.be/neRg0bHhvM4 Maximizing Tax Savings for LLC Owners: The Power of an S-Corp and Solo 401(k) As an LLC owner, you may be looking for ways…
How a 401k works (for beginners)
https://youtu.be/ORWEk5APqKM How a 401k moves your money from one time period to another for tax purposes is crucial to understand in how it can benefit…
FINCEN:BOI Reporting Requirements
There are new reporting requirements for registered businesses starting in 2024. Find out if this applies to you and what the next steps might be…
S Corporation
An S Corporation can often provide tax advantages and operational flexibility. However, there are costs associated with starting an S Corporation. Below are some expected…
Financial Statements and Their Uses, Simplified
Most of us have some understanding of the general need businesses have for common financial statements – the profit and loss statement (or income statement),…
The Key to a Useful Profit & Loss Statement – Connecting Your Bookkeeping to Your Operations
Most of us know what a profit & loss statement (or income statement) looks like and is meant to do. Less of us understand the…
Bookkeeping – Beyond Tracking Your Taxes
Bookkeeping is the process of categorizing your transactional financial information through an accounting system or software. Most people are familiar with the idea and likely…