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Title:Tax Benefits of LLC | LLC Taxes Explained by a CPA - How does a LLC save taxes?
Duration:08:53
Viewed:289,169
Published:30-10-2020
Source:Youtube

Here's the truth about LLC Tax Benefits & Advantages by a CPA. Permanently Reduce Your Taxes: bit.ly/3EFBeOs LLCs are by far the most popular entity type amongst small businesses. But what exactly are the benefits of a LLC? How does it protect your business? And more importantly, what are the tax benefits of choosing a LLC over another entity? The answers to these questions may influence the entity structure that you choose for your business, and… how much money you end up paying the IRS. That's why in this episode, I’m going to explain all of the tax benefits related to LLCs. Outline: Intro: (0:00) LLC Tax Loopholes: (1:15) Tax Benefit #1 Pass-through Taxation: (2:18) Tax Benefit #2 S-Corporation Election: (4:20) Tax Benefit #3 Tax Write-Offs: (5:08) Tax Benefit #4 Pass-through Tax Deductions: (6:00) Tax Benefit #5 LLCs are Easy to Set-Up: (7:05) Recap: (7:48) Interested in talking with someone from our team? Sign up to get notified when we are accepting new clients here: lyfeaccounting.com/coming-soon/ Want to learn more about LLCs? Watch our LLC playlist: /playlist?list=PLfYAvlh4-VVSPHd9P5Qcva_1HnQ96fpZ8 /// 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).

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