Are you really 15 times more likely to be audited if you’re operating as an LLC? In this video, Matt explains why the audit threat might not be as scary as it sounds, and how switching to an S-Corp could benefit your tax situation. Don’t fall for scare tactics—Matt gives you the facts you need…
So, are CPAs really out here just filing your taxes without trying to save you money? Well… it depends. In this reaction, Matt breaks down why choosing the right accountant matters way more than you think. If your CPA doesn’t know what cost segregation is, it’s probably because they don’t specialize in real estate—not because…
So, can you really buy an airplane and pay zero taxes? Sounds great, right? But let’s talk about the reality behind this so-called tax hack. Yes, business equipment—including planes—can be deducted, reducing taxable profits. But this strategy isn’t as simple as it sounds. You still need to pay for the plane, cover maintenance, fuel, insurance,…
I had a tough conversation with some clients today. We were going over their tax bill for the upcoming tax year filing and as it turns out, they are going to owe six figures in tax this year. That is not an easy idea to wrap your head around. And it comes as a huge…
As the owner of an accounting firm, Matt knows taxes, and he reacts to this video that suggests business owners have to be their own tax strategist to keep some of their own profits. Matt disagrees and says the best way to handle your taxes is to let the professionals do it for you. There…
CapForge knows a thing or two about taxes and so does Matt. In this video, he explains why some tax advice should be left on the internet and not taken too seriously. There are tons of people out on social media giving business advice. Some of it is good advice, but most of it isn’t…
Everyone’s least favorite time of the year is tax season. However, knowing some write-offs can make the sting a little easier. Watch this video for advice from Matt (an enrolled IRS agent) on what you should write off and maybe lay to rest a few misconceptions. Save this video for when you do taxes next!…
They say that knowledge is power, but in the world of taxes, it’s more like knowledge is money! Take it from us. As professional accountants, we’ve seen small business owners lose out on thousands of dollars in tax breaks because they didn’t know they could deduct certain expenses. We don’t want to see that…
As a small business owner, you have a lot on your plate. Not only are you the CEO, you’re also the head of marketing, finance, sales, customer service, and human resources. With so many responsibilities to juggle, it’s easy to let bookkeeping fall to the wayside. And that’s understandable—to an extent. After all, there…
This is the year. This is the year you’ll stop talking about starting a business and actually launch one. And to that we say, congratulations! You’ve made the first step towards turning your dream into a reality. If you’re like most first-time entrepreneurs, you’re probably terrified right now. Terrified of failure. Terrified of losing all…
