CPA EXPLAINS: Tax Loopholes for Entrepreneurs ft. Matt Bontrager |

In this episode of The Dept. Omar talks with Matt Bontrager, about how small business owners and entrepreneurs can strategically set up their business to avoid paying a large tax bill. Matt is a tax advisor/strategist and owner of Truebooks CPA. Many of us feel we are entitled to the more of the money that we earn. Matt drops so many gems in this episode about the right moves to make to save your business more money. If taxes stress you out watch this Episode!
💸 Join the Content to Cash Challenge Today!
thevideodept.myflodesk.com/
💰 Check Out Truebooks
truebookscpa.com/omar
✅ Follow Matt Bontrager
/ mattbontrager
✅ Follow Omar:
/ omareltakrori
🔴 Access to All of Omar's Gear: www.thevideodept.co/crispy
Apply to work with Me ⬇️
link.coursecreator360.com/wid...
🎙️ Subscribe to The Dept. on Apple or Spotify: bit.ly/thedeptpod

[@charminglykoko]

"Ignorance is the most expensive cost in life" 🤯 That was good

[@OmarEltakrori]

Unfortunately! lol

[@derekmitt23]

This is one of the best podcasts on taxes I have ever heard! Thank you

[@Diamondbk1022]

Bookkeeping is the biggest tax strategy! Thats why I love doing Bookkeeping

[@OmarEltakrori]

You will never run out of business!

[@TotalwealthLP2]

Same

[@itsORcinneo]

I've been listening to this podcast for about an hour butI haven't even made it through the first 20min yet. I get rewinding to get those gems there's so much good info.

[@OmarEltakrori]

That's fire! appreciate you locking in and leveling up!

[@thestupendouschumley]

This was SO valuable. Already have my LLC, EIN, state resale license and investment in equipment...now I need to shake a leg!

[@altradez]

I swear I was just thinking about how I am going to pay taxes as a day trader, and this video comes out one day later. Blessed, Omar ❤

[@AmaZaneChannel]

This is the video I needed 8 years ago 😭😭🙏 thank you

[@OmarEltakrori]

The pain lol

[@starwarssith66]

Such a banger podcast episode man! I just found your channel and loved all ur work on Think Media! Looks like i got plenty of episodes to catch up on 🔥🔥🔥

[@LivingInBakersfieldCa]

Tons of value in this video. I feel like I just stepped into the deep end on some of these things, but Matt (and Omar) help break it down so I didn't feel like I was drowning. Definitely one to listen to more than once. 🏆

[@RehabScience]

This episode was so helpful! Thank you!

[@OmarEltakrori]

Glad it was helpful! 👊🏼

[@leadgenjay]

Great insights on tax strategies for small businesses.

[@OmarEltakrori]

Appreciate you watching!

[@atlashoops4530]

Such a great informative video 🙌🙌 thank you!

[@Addisondad55]

Thank you, Omar!

[@AnimeDiet]

This show was way ahead of it's time! 😎

[@Memsclubs]

This podcast should have around 10million views. No wonder why most people dont know about taxes.

[@timothycasca]

Thank you!

[@DominicQuintanilla]

Omar always bringing value!! From watching videos to help me with my equipment set up to now watching and listening to videos on all topics related to entrepreneurship. Love how genuine these conversations are.

[@OmarEltakrori]

That means the world Dominic! Appreciate you brotha

[@itsrubynotes]

Thank you for this episode!!!

[@OmarEltakrori]

You're welcome!

[@TonyEllisMartinez]

Matt Bontrager does a really good job keeping his explanations as simple as possible. I also really appreciated having Art bounce his questions off Matt's brain too.

[@OmarEltakrori]

He's the best! Thanks for the feedback - will definitely have Art on more!

[@allthatjazzxxx]

Wow!!! This episode has saved me probably millions as I grow multiple businesses. Happy to learn thank you!! 😮

[@OmarEltakrori]

That's awesome!

[@aubreyquinney5157]

It would be super cool if you could interview someone like Mark Stiving, a pricing expert, one of the most difficult hurdles is determining the price of one part of the business ecosystem.. especially with the rise of subscription community models in the creator space

[@MarissaTonge]

This was a gem! 💎

[@Mr.Speechy]

Extraordinarily helpful! Thanks!!

[@OmarEltakrori]

Great to hear!

[@Addisondad55]

Good stuff!

[@DanNorthNY]

Sheesh, I’m gonna need to rewatch this like 5 times 😮‍💨

[@OmarEltakrori]

It's literally a masterclass

[@DanNorthNY]

@@OmarEltakrori forreal tho 🔥

[@fromdonwithlove]

I have messy 2023 books. And I’m afraid of the tax man that cometh. I would love to see a framework for minimizing the pain for those of us who had messy books.

[@OmarEltakrori]

Still messy with separate business account?

[@KellBailey]

Let’s go!!!! Thank you for this!!!

[@OmarEltakrori]

got you!

[@ReynasBeautyS]

So much Good information Thank you 🔥🔥🔥🔥

[@OmarEltakrori]

of course!

[@homestudioacademy]

Most helpful episode by far! THANK YOU 🙏

[@OmarEltakrori]

Thank you for the feedback! It's not common knowledge!!

[@homestudioacademy]

@@OmarEltakrori very true 👍

[@6kYe]

This was amazing

[@OmarEltakrori]

you're amazing.

[@luisbolinao]

Great content bro!

[@OmarEltakrori]

Glad you think so!

[@Papertryl]

I really appreciate this. I needed this episode. This shouldn't be free lol. Tons of gems and info. I'm taking notes.

[@OmarEltakrori]

It's crazy because this information should be normalized in school! What the heck!

[@sparklinglifecoach]

WOW! This episode was ❤‍🔥So many 💎Thanks Bunches!🤩 LLC coming right up! 😜

[@OmarEltakrori]

Way to take action!

[@JeanRBordes]

Love these videos!! Some much valuable info and I believe every taxpayer should understand the fundamentals and rules of the game. If you feel overwhelmed with the info it’s ok, hire someone like Matt, pay them to teach you how to navigate your situation. When you’re comfortable you can then do it yourself or continue paying a tax professional. The key is to learn as they are preparing your taxes. Find a professional that is a teacher at heart, Matt seems to be one! Good luck!

[@OmarEltakrori]

Amen!

[@solideogloria2211]

Have watched this twice already! So much value. Thanks Omar! Question: What do you use to you make your into captions? They are 🔥

[@OmarEltakrori]

Adobe Premiere captions!

[@solideogloria2211]

Thank you! @@OmarEltakrori

[@pastorrandy]

Omar "Young Pup"" Eltakrori, great interview with Chris Lee. Also, you can't keep using your kids names for your passwords, dude!

[@MarcAdonaTube]

Anyone notice Omar’s IG is gone? Hope all is well Omar 🙏🏼 All the best brother 💚

[@yesungC]

skrt skrt 30:33😂 🚗

[@OmarEltakrori]

one of these days haha

[@leadup.renatto]

So if I have a podcast with the intent to generate income, should I start an LLC??

[@ReviewsAndHowTos]

We just keep popping out kids in order to avoid paying taxes. 😂

[@OmarEltakrori]

theres always that strategy! lol

[@kAZual520]

I signed up for Found as my business banking and it helps separate your taxes for you… so far I like it.

[@OmarEltakrori]

That's cool!

[@geneBvargas]

IRS Has Entered Chat

[@talkinboutpractice]

😂

[@OmarEltakrori]

🤣

[@emanadmin2619]

What happened to your IG? Hope it’s not that scammer again

[@OmarEltakrori]

Yea - scammer got me again

[@emanadmin2619]

@@OmarEltakrori dang man. Sorry to hear. Hope you get it back