ACCOUNTANT EXPLAINS: How To Pay Less Taxes | Khalil Dabaja x Jaspreet Singh
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Unlock all features
FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.
Related videos
#1 Simple Way To LEGALLY Pay $0 Taxes (IRS Doesn’t Want You To Know)
Minority Mindset
80.6k views
How To Pay So Little Taxes it Feels Like Cheating
Minority Mindset
57.5k views
Buy These 5 Assets If You Want To Get Rich | @Mindvalley x Jaspreet Singh
Minority Mindset
97.2k views
The System Wants You To Be Financially Poor - How To Break Out | @Andreduqum x Jaspreet Singh
Minority Mindset
246.5k views
What Rich People Know And The Poor Don't | Jaspreet Singh x @scottdclary
Minority Mindset
39.3k views
This Is How Wealthy People Look At Money | @Danicapatrick x Jaspreet Singh
Minority Mindset
21.7k views
How To Get Rich - Explained In 16 Minutes
Minority Mindset
39.7k views
How Dave Ramsey Built A BILLION DOLLAR Empire | Dave Ramsey x Jaspreet Singh
Minority Mindset
160.0k views
How To REALLY Become A Millionaire | Jaspreet Singh x George Kamel
Minority Mindset
52.1k views
How I Went From Broke To Millionaire In 3 Steps | George Kamel x Jaspreet Singh
Minority Mindset
100.6k views
Top Comments (10)
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Reducing taxes is a critical part of managing your wealth! You have to focus on maximizing your revenues and minimizing those costs. Thanks for sharing.
If your business does $250k+ in revenue, and you'd like to get a free consultation with Khalil. You can do so here*: https://www.thecwealth.com/jaspreet/ *Jaspreet Singh is a paid partner with The CommonWealth Group and a client. WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Always great content, so this is said with all respect: Definitely don't tell the IRS that you're deducting for your money-losing hobby. They don't look on 'hobbies' favorably. There's a safe harbor: An activity is presumed for profit if it makes a profit in at least three of the last five tax years, including the current year.... But if it doesn't make money that often, I would not push this deduction.
Lot to unpack. Yes you avoid employment tax with an S-Corp, but you will have take distribtions as taxable dividends, unless you are an employee of the S-Corp, no? Not sure I'd call it finding losses, but expenses all represent some form of cash outflow, money being spent. I hope folks realize that.
This was absolutely amazing very informative video. Thank you for taking the time to discuss taxes and business. Definitely thinking of starting a business soon… but maybe not cupcakes 😆👍👍. Please consider doing more videos like this. Maybe more in depth.
This was perfect! Thank you!
The most informative video I've seen in years !!! Thank you !!! Let's build a Cupcake Empire !!!
yeah because I want to do all of that on top of my job too
You speak truth!
Unlock the Data Inside
Turn Videos into Knowledge
- Get FREE 10/day: transcripts, summaries, chats
- Chat with videos, export text & PDF
- $1 free API credit for RAG, chatbots & research
Free forever plan • All features unlocked
Top Comments (10)
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Reducing taxes is a critical part of managing your wealth! You have to focus on maximizing your revenues and minimizing those costs. Thanks for sharing.
If your business does $250k+ in revenue, and you'd like to get a free consultation with Khalil. You can do so here*: https://www.thecwealth.com/jaspreet/ *Jaspreet Singh is a paid partner with The CommonWealth Group and a client. WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Always great content, so this is said with all respect: Definitely don't tell the IRS that you're deducting for your money-losing hobby. They don't look on 'hobbies' favorably. There's a safe harbor: An activity is presumed for profit if it makes a profit in at least three of the last five tax years, including the current year.... But if it doesn't make money that often, I would not push this deduction.
Lot to unpack. Yes you avoid employment tax with an S-Corp, but you will have take distribtions as taxable dividends, unless you are an employee of the S-Corp, no? Not sure I'd call it finding losses, but expenses all represent some form of cash outflow, money being spent. I hope folks realize that.
This was absolutely amazing very informative video. Thank you for taking the time to discuss taxes and business. Definitely thinking of starting a business soon… but maybe not cupcakes 😆👍👍. Please consider doing more videos like this. Maybe more in depth.
This was perfect! Thank you!
The most informative video I've seen in years !!! Thank you !!! Let's build a Cupcake Empire !!!
yeah because I want to do all of that on top of my job too
You speak truth!