5 Best Tax Strategies for LLCs and Self-Employed to Save THOUSANDS!

Learn the 5 best tax strategies to reduce your taxes as an entrepreneur. Become a Tax Saver: https://bit.ly/3wDGtN0 Quickbooks Discount: https://quickbooks.grsm.io/mycpacoach In this video, we are going to correct these issues... Paying 3x more self-employment tax than you actually have to pay Missing several basic business tax deductions Not converting personal expenses into business tax deductions Not deferring their income to lower their taxable income Not using a defense system to protect against IRS audits Here's a breakdown: Intro: (0:00) 3 Types of Business Taxes: (1:08) Most Common Tax Mistakes: (1:41) Strategy 1: Avoid SE Tax (2:24) Strategy 2: Deduct Everything (4:16) Strategy 3: Convert Personal Expenses (7:05) Strategy 4: Defer Your Income (9:24) Strategy 5: Protect Yourself (11:02) Watch next: 15 Biggest Tax Write-Offs:    • 15 Biggest Tax Write Offs for Small Busine...   How to Pay $0 Taxes Legally:    • How to (LEGALLY) Pay $0 In Taxes! - Sherma...   Please be sure to give this video a like and subscribe to our channel so you don't miss out on future videos! /// 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).