Self Employment Tax Deductions | W2 vs 1099 | Self Employed vs Employee taxes

by | Jan 27, 2023 | SEP IRA | 18 comments




A lot of people tell you a business is the best way to avoid taxes.. but rarely do they show you. In this video we will talk about the TOP tax write offs/ deductions that business owners (yes that includes independent contractors as well) can take full advantage of when filing their business tax return in 2021 and beyond. Self employment tax benefits are much more advantageous than w2 employees because you can deduct almost anything related to your business. there are better tax planning strategies and ways to invest in yourself and also reduce your tax liability. Even though business owners and independent contracts do have to pay the self employment tax, half of it is deductible and it pales in comparison to the tax savings you will receive once taking these write-offs. Don’t delay! Start a business and invest in yourself, leave a legacy for you and your family, and keep more of your money in your pocket because you deserve!

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See also  "Recompensa a tus trabajadores con ventajas fiscales 💰" | #Shorts


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18 Comments

  1. its CHiiNA

    You're videos are helpful af !! do you have a booking website for a consultation?

  2. Daicy & Mia Luv

    Thanks for that highly wonderful tips..

  3. Dexter4presOU812

    Hi great vid! I am looking for a CPA how can I reach you?

  4. shmekas

    If you create a non profit business, could you itemize deductions?

  5. DoubleJabSlipRightHand

    When are you required to provide proof of business expenses? For example I want to dectuct a laptop, phone, home space, etc. Do I need receipts, etc? And when do I provide that?

  6. Crypto Cliff notes

    So what if you have transportation business? Uber can you deduct these 4:25?

  7. darrell LE

    Omg your eyes are mesmerizing!!!! U teach boo teach

  8. Divine Kingston

    Nope!! take the landlord out and only have the consulting business versus the employee.

  9. Freya Hardy-Lynch

    Wooow..great info shared here..thanks so much!

  10. Ut Iny

    Brains and beauty

  11. Dolcé Vents

    This is blowing my mind! Lmao Im glad I didnt go to Tulum loll I wasnt that irresponsible

  12. Dolcé Vents

    lmaooo it rhymes because its true lollll

  13. Dolcé Vents

    WOWWWW I had no idea someone can do this as a landlord! thats crazyyyy

  14. Dolcé Vents

    Lmao, I love what you did there with the american dream/nightmare bit

  15. Dennis Punches

    Thanks again for the great education. So intelligent.

  16. Kevin Moore

    Great Information. Please watch.

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