Everyday Tax Write Offs for Small Businesses! [24 hr Challenge]

Watch this entire video to learn in real life everyday tax write-offs for small businesses!
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I’m going to through a 24-hour journey where I share the exact tax deductions that I incorporate in my daily life. Because ultimately my goal for people watching this video, is to start giving you some ideas on tax write-offs you can use to start incorporating on a daily basis as well.
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Disclaimer: The information provided in this video is for informational 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).

[@leiru01]

I like this series “day in the life of a tax write off-er”

[@mosesdelaney8667]

The BEST quick video on tax write-offs I have ever seen. Great job!!

[@LYFEAccounting]

Wow, thanks!

[@JCouch444]

That was supper helpful. Just being able to see deductions in action makes it alot easier to understand. Thanks!

[@mykyrox]

This guy is the conductor of the, “Value Train‼️” Thank you for such great content

[@jordanh4127]

My wife writes off her gym membership. She runs a large gymnastics program and needs to stay in shape. Love your content

[@mtigress4589]

That's still more of an expense for personal benefit.

[@johnholding107]

@@mtigress4589says who? You or the IRS?

[@THEDOPEGAME]

Subbed 😎 Your videos have a good pace and have been very helpful in helping understand my responsibilities! Thank you

[@Notme55555y]

Love this!!!! Would love to see one for work travel

[@unclezizo]

Oh, man! Welcome back. We missed you!

[@JRoseBooks]

This was super clever!!

[@barcoproductions]

I really enjoyed this!

[@dgunnslate]

These a great, useful tips! This is perfect I formation to share with my bookkeeping clients. Please do continue sharing tips like these!

[@FM-yk1yr]

Great challenge!!!

[@jaydemilove9166]

I liked the day in the life and business strategy in this video, very informative

[@everybodyfitnessinjax]

I love your videos! Straight to the point and easy to follow. Thank you! 👏 👏

[@LYFEAccounting]

Thank you!

[@deenlyfe]

Great Insight and valuable nuggets,thanks for sharing 🙏

[@Jason4Star]

Smart planning dude. I love it.

[@kasiwilliams5927]

Great video thanks for sharing.

[@AshleyOwens-kc1hr]

Love this

[@wallye8713]

AWESOME !!! Huge TY

[@ReggieReg99]

Great video, loved the hack with the Gym included in the office membership +++

[@staydownpromo]

Great info 💪🏾

[@lifeofyanique381]

Great Video !!!

[@yinyangcalmness178]

With 3 more days until tax deadlines, I owe for the first time in my working life. I'm confused as to why I owe so much. So now I'm seeking support to lower or reverse my large amount. This is the challenge in itself.

[@frandomsss]

Great info

[@MaestraInMontana]

Thank you so much for the extremely helpful information! You guys will be my Top 1 tax prep partner once I go full speed towards my dream business. New subscriber here!! 🙏👏❤️

[@OriginalCreek_478]

One of the best videos out on KZbin right now! Will be sharing with my family! 🫡

[@carlosalfonso9902]

Great video. Love the concept of this method of education - practical application! More of these, please.

[@LYFEAccounting]

More to come!

[@user-yp9oq2qm6z]

Great information Sir,thank you.

[@isaiahhawkins5049]

You have a great endgame tactics.

[@shawnjamesbenosa7709]

damn!! good stuff!

[@snowbarnes]

Great info! Are meals associated with business travel 100%?

[@steverodriguez9041]

Great challenge! One you can expound on as you make the challenge more...challenging...🙄

[@josettedessalines6389]

I want you guys to do my taxes. I don't think other accountants are taking advantage of these strategies.

[@letsgobrandon6545]

I bet most people will think that all these "write offs" are same as tax credits, but essentially all these are pretty much are 10-20 percent cashbacks(and only if you are profitable), so when dude buys Tesla for 100k and writes it off completely in a first year he essentially buys it for 90-80k if he is profitable.

[@iramgonzalez9762]

What if your business meals are at your home office? Example you order food for delivery and then do a business zoom meeting

[@SaraMeeks-hy5tx]

So how do you do it. Do you keep like the physical receipts? 🤔

[@nicoletriplett8690]

Hello, Do you contract for speaking engagements virtually for business cohorts?

[@oscarhernandez8693]

🎉🎉🎉

[@haimeedwards1120]

Lyfe accounting i missed you on this channel can you do more videos on this channel its been so long. Also you did 2022 2021 and 2023 is there any grants for 2024???

[@josettedessalines6389]

hi new subscriber here. Thank you

[@Eliqueme]

Do you go by 'jojo' too

[@josettedessalines6389]

@@Eliqueme Lol some people drop it to jojo, lol

[@patriciarivers5751]

Perfect

[@doriangel97]

What if I work from home as a single member LLC owner and need to go to a coffee shop or restaurant to do administrative work (non client related)

[@olayemiaguda842]

Please when can a new struggling and with no profit business file tax

[@miRichie]

The system is so fd

[@huntermorgan7663]

I like it

[@ZeitlinBrothers]

Is there any way to contact you about business? (this is not spam lol)

[@Eliqueme]

W

[@LYFEAccounting]

💯

[@ATTIQOP]

Bro am really confused if I buy a house from my money that is my income from my business that will be a large amount and it will get taxed a crazy amount too how can I reduce it

[@memoriacrowncollection]

Look into getting a business that needs a Airbnb so you can use it as a write off for the business

[@VAH2112]

Are 1099 workers eligible for these tax write offs?

[@LYFEAccounting]

Yes!

[@yinyangcalmness178]

Great question. 1099-NEC. Using TurboTax this year. And I'm not sure why I owe so much. Trying to find ways to lower the amount.

[@ban_tik_tok]

This is what BLK youth should be learning INSTEAD of trying to be "aspiring rappers" 🤦‍♂️👍

[@bdm8960]

Ur comment and thoughts are not needed

[@ban_tik_tok]

@@bdm8960 You need a REALITY check❗To me it seems you're in Denial. Aspiring rappers are RUINING the community. They need to GO 👎👎