Facts and good knowledge here... bout to graduate with that accounting degree and work on getting being a CPA to help out all the barbers out here! There is real value in partnering or building a relationship with an accountant if you’re serious about your business!!!
This is Chris Brown at Razor Sharp Hair Creations. Bossio thanks so much for the positivity and the info. Gonna do that S Corp fo sho. Blessing to you bro! Keep those awesome cutz and education jumping!
Playboy... Love it. Knowledge is power in every aspect of life. That's why I tell my kids to read. No cable in this house. Just Internet for information they need. Don't get me wrong, they live a good life and we see movies together and but its all about getting them ready for life. LOCKED IN PLAYBOY... LOVE THESE VIDS... YOU GOT TO SHOW THEM HOW YOU STRUGGLE TO KEEP THAT CASH COMING IN. NEVER QUIT. NEVER SURRENDER. KEEP THEM COMING.... 💯
Wow this is a total game changer I keep hearing about LLC this a Corp that and I have no clue what the heck either one of them so thank you I might have to watch this video a few more times and I’m already growing up some creative questions for my CPA thank you again.
Facts co mingling funds is a major problem for anyone who has an llc and if the irs or the people who are suing them find out that you are putting your money 💰 into your personal account or vice versa they can now go after your personal accounts and business accounts and that is why you must pay the business to the business or if you take out the business to use for personal purposes . This is very strong 💪 content and has to be taken very seriously.
Not even a barber but I appreciate the general wealth knowledge especially in the first few videos. Learning to build a side business as a personal trainer and some of the concepts from these still carry over. Keep it up dude
My brother owns a few barber shops , but he won't share his knowledge with me. My brother is a shrewed evil business dude. But, I'm learning a lot on your information. Thanks
Yeah bro already watched all the videos in the Bossio Builds Wealth channel and I've went in some of the lives there too. Definitely learned a lot and agree to what you're saying bro, you definitely deserve more subs on that other channel!!! Hopefully u do some lives soon!!! Keep going bro, you're my favorite barber 👌🏽💪🏽💯🔥
Bossio, thank you again. I am a traveling technician that cuts hair as a side hustle. I am going to buy the books and trying to apply the science you're dropping on us. My side business makes pretty good money but I am not a license Barber. I will do some more research to make sure that I am within my rights. Don't need the man on my back.😉
The more I learn about taxes, I get more aggravated By the second. I was literally shaking my head the whole video ( not at you) . I mean I know it’s a reality but dammmmm. Get your hand out my pocket cuzz. 🧐. Appreciate the jewels. Definitely got some homework to do now that you opened my eyes to this. Good lookin fam.
I have read a few rich dad books but never the tax free one. Will check it out! Good video. Any chance you can share if you do you own bookkeeping and how?
I know this is like a year later but if you make short versions here, and make the longer versions on the other website, it should generate more views for both...
Liked the last video and this one I would like to get in contact with you current a 19 yr old barber finishing up barber school and would like to pick your brain 🧠 with expanding business and income and currently going to school
Hey I love the video. I just had one question if last year I made 53K in gross income and 16k in net. Should I stay as a Sole proprietorship or switch to a S-Corp?
I'm a barber S. Corp only making about $700 or $800 a week Should I put myself on payroll ? & if I do what would a reasonable income would be? And is it true that I will pay double Medicare, Social Security, unemployment blah blah blah blah
@@Bossiocuts and if barber was making less just file as self employed? Also, if we only file as self employed can we still write off most of our business experience including gas, food, clothes, booth rental?
