Top 5 Tax Write Offs for LLCs in 2021

WAKE UP AND CONQUER YOUR DAY
Unlock your creativity
The Roots of Black Essence is a place where you can come to be inspired, motivated, and see what lies beneath the struggle and dedication of our heritage.
Our intention is to show young black leaders what they are capable of by viewing black excellence in the past, present, and future.
Sponsor - Success Academy:
https://successacademy.1businessvideos.com


You got to use the top 5 write-offs for LLC owners in 2021. A write off is the same thing as tax deductions for LLCs. These write offs apply to single-member and multiple-member LLCs deductions. Use these in 2021!!

Subscribe: https://bit.ly/2HJlq46

There are over 20M LLCs in the US today. Chances are if you’re watching this video, you have an LLC or at least are thinking about starting one of your own.

In either case, you want to make sure you’re aware of the LLC tax write offs OR LLC tax deductions you can take to minimize your taxes or even maximize your refund.

Outline for Tax Write Offs for LLCs:

Intro: (0:00)
LLC Stats: (0:44)
How to Use Home Office Deduction: (0:45)
How to Write off Startup Cost for LLCs: (2:24)
How to Write off Cell Phone: (3:07)
How to Write off Vehicle Expenses: (3:46)
How to Use Retirement as a Write off: (5:02)
BONUS TIP: (6:07)

If you have any questions, please comment them below and I will try to answer them.

Want to learn more about LLCs? Watch our LLC playlist: https://www.youtube.com/playli....st?list=PLfYAvlh4-VV

Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: https://lyfeaccounting.com/coming-soon/

///
Disclaimer: The information provided in this video is for entertainment purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

• Select a category

  11