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Society & Culture

How To SETUP Your Business To Pay LESS Taxes w/ Our Accountant Steve!

podcast August 14, 2023


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Use Code "fresh" for discount with Gorilla Mind: https://www.gorillamind.com/fresh

Get Your Confidence Back With Blue Chew: https://www.get.bluechew.com/freshfit

Order Myron's book "Why Women Deserve Less" here: https://a.co/d/9YdQI9d

👥Steve from Accounting👥

https://www.youtube.com/@seeingbeyondthenumbers

https://www.instagram.com/seeingbeyondthenumbers/

▶️Rumble▶️

➜https://rumble.com/freshandfit

📺Locals📺

➜https://freshandfit.locals.com/

——————————–

🕰️TIME STAMPS🕰️

0:00 : Intro!

1:00 : Today’s topic & Announcements

3:10 : The Truth behind Sound Of Freedom

4:30 : Who is Steve?

8:00 : How to start & register your business?

10:30 : Start with a LLC then transition over to S-Corp

13:00 : When should you transition to S-Corp?

15:00 : Why you must switch to S-Corp?

18:45 : Benefits of S-Corp

24:00 : (FREE GAME!) How to only pay 7% tax on your business?

27:30 : Can a non-W2 employee switch to S-Corp?

32:20 : How Myron pays less taxes on more income?

35:40 : Myron reveals his tax strategy for Real Estate

38:40 : Always use credit cards for your spendings

40:15 : DM Steve to get 2 Free E-books – https://www.instagram.com/seeingbeyondthenumbers (https://www.instagram.com/seeingbeyondthenumbers/)

46:20 : Superchats! – Should a 18 y/o buy a car?

49:40 : Should you buy a car right now?

51:20 : What is better for trading profits – LLC or S-Corp?

54:30 : Can you use travelling / home rental expenses as write offs?

55:50 : Sole proprietorship Vs. LLC

56:20 : (FREE GAME!) – How to fill out LLC form?

58:50 : Car wrapping side hustle on LLC

59:30 : Buy Real Estate on your personal name, then switch to LLC

1:03:00 : Should I open a LLC for Roofing business ?

1:04:00 : How much $ should you make before hiring an accountant/consultant?

1:04:30 : How do you find a good CPA in your city?

1:06:20 : Should you have LLC with ATM business since it’s passive income?

1:07:15 : Sole propietorship is trash!

1:08:20 : Is LLC good for day trading? ( to save taxes )

1:11:00 : How to save taxes on Crypto?

1:11:45 : Should you switch to S-Corp if you have an international online business?

1:14:00 : Do LLC for passive income, do S-Corp for everything else

1:16:45 : Leashing VS. buying a car for tax benefits

1:18:40 : Should I setup a Private retirement account funded by LLC to buy Real Estate?

1:20:10 : Do Money Mondays apply to other countries?

1:21:00 : How to find a mentor for your new business?

1:22:30 : How do I move my pressure washing business to other town?

1:23:15 : If you manage properties but don’t own it, do S-Corp

1:24:00 : If I start a business in Virginia, should I S-Corp in Delaware?

1:25:30 : “I make $105k but pay too much in taxes”

1:27:20 : Military guy wants to start Onlyfans business

1:30:30 : Restaurant owners, get your LLC right now!

1:32:00 : Umbrella S-corp while owning separate properties

1:34:30 : You don’t have to be an expert in tax code

1:36:30 : Truck drivers can save taxes by doing this…..

1:38:00 : Do I open a business account to purchase a van for my company?

1:39:00 : Do this & Get 80% write off on your vehicle

1:41:10 : “I haven’t filed taxes in 10 years, how do I protect myself?”

1:43:50 : “I have a cleaning business but can’t switch to S-corp”

1:45:30 : How to lower personal tax due?

1:47:20 : How to switch to S-Corp RIGHT NOW

1:50:30 : I’m a travel healthcare worker, should I switch to 1099

1:51:10 : (WARNING!) DO NOT quit your W2 job before getting into Real Estate

1:57:40 : Can foreign business owners switch to S-Corp?

1:59:00 : If you wanna switch your business to S-Corp & also wanna invest in Real Estate , how do you set that up?

2:00:40 : Jeremy Wade wants to save taxes on his fishing business

2:01:20 : I bought Tesla to drive Uber, would I be able to form a S-Corp?

2:02:00 : Uber is a great side hustle

2:06:15 : DO NOT buy house with your wife

2:07:40 : Thoughts on Real Estate Wholesaling

2:09:00 : “Doing 20k/month with no job” 😂

2:10:30 : Where can you find Steve?

2:14:14 : Outro!

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