Відео

Ty!!

If your business credit card (amex blue business cash) only issues a statement credit on rewards, then what is the best way to deal with the situation? Thanks

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Self employed is taxed higher? I didn’t know this. That makes no sense to me.

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Thanks for the info!

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Would like to see more of these types of videos where small business owners can get educated on how to understand financials and use them to improve their business

Anyone have experience with Anderson Business advisors (good or bad)? How does ABA compare with Boris as an advisor?

Isnt an S corp a pass through entitty? I thought the meaning of that is any profits made in the S corp is passed onto the shareholder... in this case if i am the only shareholding i get 600k profit to me... wouldnt that be taxed?

Can you make a video if Wave may help keep tax, payroll, payment and accounting after tax planning? Is there anything else this platform does not cover that a small business may need? Is there any company that provides all these services? Current idea is to hire your team and then use one entity that combines banking, payroll, tax, accounting & payment?

I'm NEXT

You and Mark J Kohler are my go to for tax advice

Holy shit RE the relentless, intrusive sound effect gimmicks that despite good content made me give up watching any more at 2min 56sec in

I wished you went a little more into the auto limits for section 179. You make a comment about it at 11:44/13:07 of your clip. More details on that? Otherwise, very helpful clip. Thanks.

Can you clarify the Henry example. The business made 1.5 M gross revenue. 700k was the expense. The owner took 200k salary. That leaves 600k. You said owner can transfer 250k to his account and not pay tax. You said, Next year he transferred the remaining 350k to his account without tax. So the entire 600 k profit got transferred to his account (250+350 k) without any tax. So how much was the tax and where did the money come from to pay the tax on the 600k profit in the first place ?

So basically as long as you have no loans you won't ever create a negative cost basis. You could have your numbers wrong like you mentioned. But as long as your bookkeeping is correct you wouldn't have to worry. If you ever entered a negative cost basis you'd immediately know you messed up a number somewhere.

always love your content

Hi, Can I deduct my health insurance premiums with Cover California from my corporation payroll taxes?

How about 1099 employee considering fedelity

Thanks for the insight

The children would have to file their own taxes and not be claimed as a dependent. But ya know, otherwise your fraud might work.

Thank you for this video!

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com

Noce 👌

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com ️If you make $10 Million or more in your business; Schedule your call here: ️ bit.ly/over10million

Hey Everyone, Boris here. Make sure you check out these links. Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know: bit.ly/download7TaxWriteOffs Schedule your FREE Tax Advisory Session - www.TaxPlanningCall.com ️If you make $10 Million or more in your business; Schedule your call here: ️ bit.ly/over10million

Any info on private family foundation?

Does the family management LLC need an EIN or can you use the spouses SSN? For example, if you want the kids to contribute to a Roth IRA you would have to issue a W2 to the children, to show earned income, right? so in that case you would have to get an EIN, correct? but if you didn't care about the IRA for the kids, could you just use the spouses SSN?

I need a tax advisor.

So if the employee compensation is decided to be say $50k, and the employee pays yearly insurance premiums of say $10k, the employee compensation stays $50k? $40k base and $10k insurance premium reimbursement? Do I have this correct?

Can you take distributions and classify them as return of invested capital and pay no tax as its simply a return of your invested capital? Also how is your basis determined when debt is involved. For instance, I buy a 2 million dollar business. I put 400k down and finance the rest. How does the debt affect the basis?

thanks Boris. Subsribed. Can you do a breakdown 1120s vs 1065? We have 2 1065's and do draw and distribution after income end of year, vs 1120's, where you have to have payroll and w2. pros and cons if you can do. thanks

Great video Boris. Question.. I work p/t mornings..w2 20 hrs week (4 hrs day) I also do 20 hrs as an independent contractor at how in my office. Can I still use home office deduction on my 1099 income

This was awesome information

Mazel tov!! Very informative...

Saying that you can pull the remaining $350,000 the following year is misleading because there will not be $350,000 left the following year, as a lot of that $350,000 will be gone because it is used to pay taxes on the $600,000 profit, which will likely be at least $100,000

great video ! I live in New Jersey and I have LLC filing with my wife she has a separate job my accountant told me I can put only $15,000 for last year sep IRA which is only 10% of what I'm making. wondering how I can save more ???

Tax planning, hmu

Boris, I appreciate your videos so much! I’m an accountant and an EA. Listening to you inspired me to want to learn more about tax strategies. I just became a member of the AICTP in pursuit of my CTC designation. I opened my firm a few months ago and I’m excited to be able to offer proactive tax planning to my clients. Thank you!

have you done any videos on section 179/bonus depreciation when starting a business and only having W2 income while starting?

I’m definitely going to ask my accountant if he’s doing this. I just started a health plan this month for me and my family. My accountant only needs to know my monthly premium?

Tax planning

Can you do taxes for a S Corp in Missouri?