Channel Title: Sherman - My CPA Coach Channel Description: ✅ Our videos save our subscribers thousands in taxes 💵 My CPA Coach provides tax planning services to small business owners. Our services include CPA tax planning, CPA tax preparation, and tax reduction courses. Our Online CPA Firm is based in Atlanta, Georgia and services clients throughout the United States. To become an exclusive client of our firm, you must own a business with annual revenues above $100,000. If you meet the criteria, you will be able to use our premier tax planning services to reduce your tax bill. Once you are a client, you will also be able to use our CPA tax preparation service. For businesses who we are unable to work with, you may still take full advantage of our premium Tax Savers course, which teaches tax reduction strategies. Visit our website for more information <video> The 5 Biggest Tax Write-Offs You’re Missing [What The Top 1% Write-Off] Description: CPA Reveals The Top Business Tax Write-Offs In 2025 & Beyond Get a Free Tax Consultation: https://mycpacoach.com/contact/ If you own a business or a side gig and are not using ANY one of the 5 tax write-offs I’m about to share with you, then you are likely overpaying Uncle Sam in taxes. #taxwriteoffs #taxwriteoffs #taxdeductions #businesstaxtips These tax write-offs are often used by billionaires to decrease their tax rate to almost ZERO and the crazy thing is that almost anyone with 1099 or business income can take advantage of the same strategies. So as a licensed CPA that uses these strategies everyday with my clients at mycpacoach.com, I want to share with you the 5 LARGEST tax write-offs that exist currently. We’re not talking about the basic write-offs like things already on your profit & loss statement, or small stuff like writing off a few meals or some travel here or there - no, literally, any ONE of these tax write-offs can be worth tens of thousands of dollars to you if they APPLY to your situation, so let's talk about it. Top 1% Write-Offs: (0:00) # 1 Tax Write-Off: (1:08) # 2 Tax Write-Off: (3:33) # 3 Tax Write-off: (5:20) 3A: (6:00) 3B: (6:45) 3C: (7:45) # 4 Tax Write Off: (9:15) 4A: (9:55) 4B: (11:15) # 5 Tax Write Off: (12:25) </video> <video> How To File Your LLC's BOI Report for FREE! (Avoid $500/Day Penalty!) Description: How To File Your BOI Report for FREE In Just A Few Minutes! File For Free: https://boiefiling.fincen.gov/ Paid Assistance ($149): https://legalzoomcominc.pxf.io/3eV0Jy This new law could cost your business up to $500 per day in penalties, up to 2 years in jail time, and up to $10,000 in additional fines. The BOI Reporting Requirements is due on January 1st for most entities and will catch millions of people off guard who are not compliant with it. And as a licensed CPA that works with small business owners everyday at mycpacoach.com, I am going to show you how to comply with this new law in just a few minutes. I am not just going to tell you what is required, but I am literally going to walk you through how to file this report for FREE so that you can avoid these penalties and get back to running your business. BOI Penalties and Fines: (0:00) What Are BOI Reports?: (0:45) Who Is Required To File: (2:10) Exempt Entities: (2:45) Which Owners To Report: (4:16) How To File Your BOI Report: (5:15) </video> <video> 🚨 NEW 401K Limits for 2025 - Plan Now Description: </video> <video> Important 2025 Tax Deadlines and Tips To Avoid BIG Penalties Description: Make note of these 2025 Tax Deadlines and Tips to Avoid Big Tax Penalties! Apply To Become A Client: https://mycpacoach.com/contact If you miss these 2025 tax deadlines, then you could be subject to additional taxes, penalties, and on top of that, interest fees which altogether could cost you thousands of dollars out of your pockets. #taxdeadlines #taxdeadline #taxtips #taxtipsandtricks I see it all the time as a licensed CPA that tax plans everyday at mycpacoach.com People don’t file their taxes on time, they miss their estimated payments, or they file an extension without understanding that that extension does not grant them more time to actually pay their taxes. So look, if you want a simple guide on what you need to do this tax season to avoid all of these extra penalties and fees and STRESS, just watch this short video until the end for everything you need to know. Avoid Tax Penalties: (0:00) March 15 Deadline: (0:50) April 15 Deadline: (1:55) Why File Late: (3:00) Understanding Tax Extensions: (4:55) Extension Mistakes (5:32) Tips To Avoid Penalties: (6:42) Tax Planning: (7:45) //// DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice. </video> <video> 2025 Tax Rates for MARRIED Taxpayers #taxbrackets #taxrates #taxes Description: </video> <video> How To Minimize Taxes on Crypto Gains - CPA Explains How To Cash Out Description: Learn how to minimize your crypto taxes and keep more of your profits. Apply To Become A Client: https://mycpacoach.com/contact Bitcoin and several other cryptocurrencies have exploded in value over the last 12 months. Which means more money for crypto investors… But that also means more taxes. And 9 out of 10 crypto investors I talk to are actually overpaying on taxes because they fail to use any of the simple tips I’m about to share with you. So as a licensed CPA that has tax planned for crypto investors with 7-8 figure gains, I want to share some simple strategies that can help you offset a large portion of your taxes. Overview: (0:00) How Crypto Is Taxed: (0:37) Strategy 1: (2:10) Strategy 2: (3:07) Strategy 3: (5:03) Strategy 4: (6:38) Tax Planning: (8:10) //// DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice. </video> <video> 2025 Tax Deadlines To Avoid Tax Fines Description: 🚨 Here are the major 2025 tax deadlines you need to know to avoid IRS penalties and fines this year. #2025taxes #taxdeadlines #taxtip #taxtips #taxextension #scorp #ccorp </video> <video> NEW IRS $600 Tax Rule On Payments from PayPal, Cash App, Venmo & More! Description: By a Trusted CPA: Learn how payments you receive from Third Party Payment Applications could be taxed in 2024 & Beyond. Get a Free Tax Consultation: https://mycpacoach.com/contact/ If you receive more than $600 from payment applications like Venmo, Cash App, Apple Pay, Google Pay, and PayPal, you may be subject to additional taxes when you file your tax returns due to new IRS rules. #1099k #irsnews #venmo #cashapp #zelle #applepay #googlepay #paypal Even if the payments are from friends, family, or other connections, if you are not careful, you may be subject to additional tax because payment applications are now required to report your payment activity to the federal government. More than 20 million taxpayers will be affected by these new tax changes, so as a licensed CPA that tax plans everyday at mycpacoach.com, I want to help you prepare for these new rules and more importantly, help you keep more of your hard earned money, so let's jump in. New IRS Rule: (0:00) Why This Is Happening: (0:48) Payment Thresholds: (2:10) New 1099-K Tax Form: (2:55) Example: (3:35) Why Zelle Is Exempt: (4:35) Which Payments Are Taxable?: (5:40) How To Avoid Taxable Payments: (6:55) Tax Planning: (8:10) //// DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice. </video> <video> How To Pay Yourself As An LLC in 2025 (And LOWER Taxes!) Description: Learn how to pay yourself as an LLC and lower your taxes in 2025 with this step-by-step guide by a Trusted CPA. Get a Free Tax Consultation: https://mycpacoach.com/contact/ In 2025, the self-employment cap has been set to $176,100, which means you will pay a 15.3% tax on ALL OF YOUR BUSINESS INCOME up to this amount, if you do not pay yourself correctly from your LLC. Not to mention the fact that there are several ways to pay yourself from your LLC - there’s owner distributions, payroll, dividends, and so on. And a lot of people want to know - what is the best way to pay themselves from their LLC, what method should you use, how much should you pay yourself, and more importantly, how much should you leave in your business account to continue to fund operations, pay taxes, and so on. I am going to explain and simplify all of this for you, as a licensed CPA that tax plans every single day for business owners at mycpacoach.com - so stick around until the end for everything you need to know. New 2025 Implications: (0:00) Do This First: (1:05) Do Not Commingle Funds: (1:40) Paying Yourself as a Disregarded Entity: (2:35) Owners Draw / Distribution: (4:05) Saving for Taxes: (4:45) Don't Overpay Yourself: (5:25) The Self-Employment Tax Problem: (6:00) LLC Taxed As An S Corporation?: (6:45) S Corp Savings Example: (7:50) Paying yourself as an S CORP: (8:30) LLC Taxed As An C Corp?: (10:05) C Corp Savings Example: (11:05) Paying yourself as a C CORP: (12:10) Tax Planning: (13:00) Apply for an EIN: https://www.irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number Payroll provider (Get a $100 Gift Card): https://gusto.com/?referral_token=sherman5665a3d5&utm_source=inapp </video> <video> NEW: Federal Court Blocks Business BOI Filing Requirement - What This Means Description: The latest information on BOI Reporting Requirements and what to do now. Apply to become a client: https://mycpacoach.com/contact/ A Federal District Court in Texas has found that the act is likely unconstitutional, and issued an order prohibiting the act and the beneficial ownership information rule altogether. However, FINCEN, who mandates the BOI rule, has stated that the Department of Treasury is appealing this order, leaving millions of business owners wondering whether or not they need to file this report or not. So as a licensed CPA that has reviewed this court order in detail, and as someone who tax plans everyday for business owners at mycpacoach.com, I want to help you understand the potential implications of this ruling for you, so let's dive in. </video> <video> LLC vs. S-Corp vs. C-Corp - CPA Explains Description: ⏱️ March 15th is the IRS deadline to change how your business is taxed in 2025. Choose wisely to keep more of your hard earned money. #businesstaxes #llc #scorp #corp #businesstax #businesstips #IRS #businessentity #businessformation </video> <video> The Tax Benefits of Marriage - CPA Explains #shorts Description: Would you get married to save on taxes? Maybe not, but here are the tax benefits anyway. #TaxBenefits #MarriageAndMoney #TaxPlanning #TaxSavings #CouplesFinance #CPAInsights #MarriedLife </video> <video> How To Set Up An LLC Step-By-Step For FREE in 2025 Description: Learn how to set up your new LLC for free. Setup your LLC for Free (Preferred Vendor): https://bit.ly/49V4kcv Get Your Free EIN: https://bit.ly/42ae2FZ Registered Agent + Filing Support: https://bit.ly/49V4kcv Apply To Become A Client: https://mycpacoach.com/contact Creating an LLC gives you liability protection and a number of tax benefits… But how exactly should one go about actually creating your LLC? Do you need to pay a lawyer or a CPA? Do you need to use some type of entity formation service? Do you need a registered agent? What is a registered agent? What state should you form your LLC in? And so on. Well, I am about to give you a step-by-step guide on how you can do this 100% by yourself, without spending more money than you actually have to. Setting Up An LLC: (0:00) LLC Tax & Legal Benefits: (0:40) Doing It Yourself: (1:50) Step 1 - Choose The Best State: (2:50) Pass-through Taxation: (3:20) Privacy Protections: (4:04) Step 2 - Choose Name For LLC: (4:35) Step 3 - Appointing a Registered Agent: (5:20) Step 4 - Articles of Organization: (6:25) Step 5 - Operating Agreement: (7:50) Step 6 - Registering Your LLC: (9:20) Step 7 - Get Your EIN: (10:17) Step 8 - LLC TAX ELECTION: (10:55) Step 9 - Business Bank Account: (12:04) Step 10 - Annual LLC Requirements: (13:20) </video> <video> These 4 Strategies Will Instantly Reduce Your 2024 Taxes Description: Yearend Tax Strategies That Can Instantly Reduce Your 2024 Taxes. Get a Free Tax Consultation: https://mycpacoach.com/contact/ In this episode, I am going to give you the Top 4 Tax Strategies that you may be able to use to reduce your taxes IMMEDIATELY. #taxstrategy #taxstrategies #taxes2024 As a licensed CPA that tax plans everyday at mycpacoach.com, I have used some of these strategies to save my clients tens of thousands, and sometimes hundreds of thousands, in taxes And today you’re going to learn them for free so go ahead and save this video, drop a comment with your thoughts and questions below, and lets jump right into it. Yearend Tax Strategies: (0:00) Find Your Tax Rate: (0:40) Strategy 1: (1:55) 2024 IRA Limits: (2:27) Example: (3:20) Strategy 2: (4:00) 2024 401K Limits: (4:30) Roth vs. Traditional: (5:38) Strategy 3: (6:27) HSA Tax Benefits: (7:30) 2024 HSA Limits: (8:40) Strategy 4: (9:23) Examples of Sec. 162 Deductions: (10:20) Tax Planning: (12:00) //// DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice. </video> <video> Do This Now To Pay Less Taxes In 2025 Description: Take action to reduce your 2025 taxes now. Learn how to keep more of your hard earned money. Apply To Become A Client: https://mycpacoach.com/contact What is going to be your strategy to reduce your largest expense and pay less taxes in 2025? We are at the beginning of a new tax year right now, which means most people are starting from scratch when it comes to their tax strategy. So as a licensed CPA, I want to give you some tips that I personally use to help my clients save tens of thousands of dollars in taxes every day at mycpacoach.com Your Largest Expense: (0:00) Your Withholdings: (1:25) Change How You're Taxed: (2:57) Qualify for Sec. 162: (5:03) Defer Your Income: (6:40) Tax Deductible Investments: (9:14) Tax Planning: (10:45) IRS Withholding Calculator: https://www.irs.gov/individuals/tax-withholding-estimator //// DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice. </video>

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✅ Our videos save our subscribers thousands in taxes 💵

My CPA Coach provides tax planning services to small business owners. Our services include CPA tax planning, CPA tax preparation, and tax reduction courses.

Our Online CPA Firm is based in Atlanta, Georgia and services clients throughout the United States. To become an exclusive client of our firm, you must own a business with annual revenues above $100,000.

If you meet the criteria, you will be able to use our premier tax planning services to reduce your tax bill. Once you are a client, you will also be able to use our CPA tax preparation service.

For businesses who we are unable to work with, you may still take full advantage of our premium Tax Savers course, which teaches tax reduction strategies. Visit our website for more information

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