LYFE Accounting is a full-service accounting firm that helps individuals and small businesses save on taxes and increase their wealth.
Taxes are the single largest expense that most people will pay over the course of their life. We teach you how to minimize this expense, while giving you strategies to increase your wealth.
On this channel, we will cover some very important topics such as: - How to pay fewer taxes, and some cases, how to pay zero taxes - How Business entities work such as benefits of LLC, benefits of S Corp, benefits of Sole proprietorship and C Corporations - How to make smart business & individual investments - How to build a profitable company - How taxes on income work such as taxes on real estate, stocks, etc. - Plus more!
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Hi! Great video. I'm looking for guidance on how to create a tax plan. I've been in business for 6 months and since I've yet to be taxed for a years worth of profit, I'm unsure how to save/prep for that.. any guidnace??
Greetings! Thank you. All of this was explained to me when I began my business; however, I wish it had been explained this well. It was shocking at first. I understood it, but it didn’t really sink in as well as it should have. This explanation was so well done. Thank you!
This is such a great and informative video. Thank you for providing it to the public for FREE, this is INVAULABLE INFORMATION that most people haven't been taught.
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First thought of doing it that way. Get 15.3 times my salary. But I was told by an accountant to only pay 7.65 of my salary and then match that with my leftover money on the business. So if 100k income, split 50% salary and 50% distribution. Pay 7.65% on that 50k which is 3825, then just match that on the distribution before distributing so the other 3825. It ends up been the same thing though honestly
Wow! 👏 👏 👏 What a true masterclass. In under 13 minutes you clearly explained what budget is and how to create one. Also valid to create a budget for domestic use. I wish you lots of success in your CPA carrer 🤲 and entrepreneurship.
I called the secretary of state for North Carolina in search of a registered agent of a corporation. They told me that is not a service that they offer. I’m starting to think the person on the phone did not know what they were talking about.
