hey everybody my American dreamer small business owner side hustle side gigs and tax Pros if you're an enrolled agent CPA Tax Advisor I'm excited to be here with you today to talk about five unique tax deductions even the tax Pros have may have not heard about and I mean it I and these are legit um and I think they could be very useful for a tax adviser that's going to see a lot of different clients and for you out there that are meeting with your Tax Advisor and trying to make more money people it's a lot of times easier to save money than it is to make money now I'm a CPA an attorney bestselling author podcaster I've produced so much content and so many blogs over the years and I love saving taxes I love making money and they go hand in hand so here today I want to answer your questions on favorite tax Ry offs you might have and you're like wondering if that's outside the box or hey how do I write this off I want to hear from you I'll be taking your questions here shortly I also have a special bonus and a special discount of $500 on a program of mine you're going to want to hear about so stay tuned all right now five unique TX strategies these are fun and a lot of these some of you might be able to take advantage of number one you can write off your pet in one format or another now it is estimated over 60% of Americans either have a cat or a dog and that doesn't even count fish or birds reptiles exotic pets there's a lot of pet owners in America well I've got an article out there if you just Google how to write off your pet 10 ways I've got videos and articles on that but I want to just share three or four here that are fun and they are legit the first one is the guard dog uh a lot of clients might have inventory at a warehouse in their at their home in a shop or garage or a accessory dwelling unit and they need and con justify either a security system or a guard dog now I don't think you're going to be able to write off that little poodle or Chihuahua this better be a serious guard dog to some degree um but this allows you to write off the food bedding boarding veterinarian bills any of the costs that could be associated with this pet a guard dog number two a cat there are case after case and even Disneyland has a fleet I think it's estimated about 10 different cats around the Disneyland park to take care of that's right mice and rats cats are a wonderful way to take care of varmits not good stuff and so you can do the same we've had clients that are like hey I've got a warehouse again or a commercial building and I need a cat on premises there's better than any other pest control number three advertising this is a funny even Alice Cooper in his concer concerts was able to ride off the bow constrictor and animals that could be at a ski shop at the restaurant or at the hotel one of the fun ones we were at a hotel skiing this last uh December and they had a resident beautiful like um some sort of uh snow dog I can't gosh I can't remember the name of it was beautiful and it was just wander around the hotel the whole time and it was a hotel expense to have this dog to create a more relaxed U environment for their guests and this happens all the times at little boutiques and shops where there's an animal on the premises could be in the advertising or on the website and number four pet breeding very common pet breeding people are able to make money off their pet breeding them once or twice a year that means you're in business now you're claiming the revenue from that breeding operation but you're also taking all the write offs for the BET bills the shots the food the housing all that good stuff so if you're a pet owner and this doesn't even get into the medical uses of a emotional support animal that could be a medical deduction as well so there's lots and lots of options there the working dog dogs on farms uh in just love it okay number two you can write off your Smartwatch your Apple watch I forgot my watch today I was going to wear it for the show but you can write off your Apple watch because it is not an analog piece of jewelry it is a smartwatch that would operate much like a phone an iPad or a laptop because you're getting texts notifications calendar items and it is there for business purposes so this has been uh well established that you could write off a lot of different Electronics from cameras to tripods to drones to lights to anything that you may need electronically including a smartwatch to help you in your business now this is why I love this with the side hustles and the side giggers out there because you got to start thinking outside of the box of any type of tool resource or expense you use to make money that's a write-off it's legit all right number three the Entertainer or performer write off now even Carol Bernett a famous actress uh back in the 60s and 70s even into the 80s some of you young people may not know her but she had to go head-to-head with the IRS to write off costumes makeup hair and all those issues Liberace Elton John there's all sorts of different cases of performers that had to go to the IRS and say uhuh I am writing this off because I'm a performer I wouldn't buy this costume or this outfit if it wasn't part of the show now why does that apply to you today and you tax Pros out there how many clients do you have that are influencers they're entertainers on YouTube now is that it's a different world I mean it used to be you got to be on stage or at a concert or one of the three big networks that meant you were an Entertainer now there's entertainers on YouTube or Tik Tok or Instagram with millions of followers making millions of dollars don't even get me to start on on only fans so those clothes those uh uh makeup and hair and all those things are a write off if you can show you're making revenue for your from your name likeness and image entertaining others it's a legit write-off well speaking of some of those more exotic writeoffs yes it has been proven and it has been defended in IRS tax Court breast implants for the exotic dancers we're back to only fans and those it is true that if if plastic surgery is going to enhance your business and help you make money whatever that PL surgery is and again you're going to have to be able to prove that Entertainer Tye of influencer type role you're going to be able to write off that plastic surgery now the average person can't do that as a medical deduction unless it's medically necessary but again if you can justify those extra silicone implants let's go for it all right now number five this is one you want to write off your beer your wine your drinks oh so many different ways dying in as a write-off many of you don't realize that includes the bar tab when you're networking doing business now you have to be able to show that you were getting contacts that resulted in a sale or ongoing relationship I don't want you trying to write off your partying every Friday or Saturday night but dining with a client a customer a vendor a business partner an employee that includes the meal the valet the parking and the bab now limited to 50% I'm going to tell you how to write off 100% of that beer here in a moment 50% of that dining and bartab is a write off if you're out doing business keep a note on your tab of all the clients that you may have interacted with my realtors are classic for this and I love them they're such great communicators they're out at dinner networking on a Friday or Saturday night they better be riding off that dining and the B tab because they're getting clients to come by the open house on Saturday and Sunday now now 100% beer and wine I have a client runs a barber shop when you walk in hey would you like a beer the beer is complimentary for their customers that's 100% right off that's a cost of good sold they are providing a benefit to coming to the barber shop it could be Donuts it could be snacks and it could be a beer and bottle of water soda whatever so that's 100% write off when you're handing out that beer to the customer when they walk in was that a uh nail salon recently and they would do a glass of wine so ladies would walk in and they go oh would you want a glass of red or a glass of white complimentary all of that wine 100% write off because it was for their customers as they came and frequented the establishment so kind of some unique write-offs and I think we need to think about this also from a marketing standpoint how cool we're trying to distinguish ourselves when we're marketing our businesses when I get into an Uber I'll tell you freaking a I wish I could find the same Uber that's going to give me a bottle of water some mints some gum they have a little charger for me it's not that hard sometimes I have an Uber driver that can't even speak English smells and doesn't say boo I'm like why in the hell am I giving this guy or gal a five star think outside the box if you have a little star a store or Boutique wouldn't it be nice to have a warm fuzzy animal that when you walk in they come up and lick and greet your customers in a friendly way that could be a wonderful Ambiance to create more people coming by the shop or the coffee shop or whatever it is and then again if you're having customers come byy your shop could you give them something when they come in I've told hair salon owners for years that man when they when your customer walks in you should know exactly their favorite soda drink or whatever it is and have it right there ready for them you got an iPad of their last haircut showing them the what it looked like is this what you want again so they don't have to re-explain it you know how many times I'm sick of a shop owner going did we use a number one or a number two on that clip razor you know how the hell am I supposed to know that's your job drives me nuts let's think outside of the box let's provide extra benefits let's think of what Electronics on our world we could write off and if you also have a pet could it be a write off I don't know this is not unethical to think of tax rofs the IRS code section 162 says any expense incurred in the production of income is a valid write-off now it might be a percentage because you might have personal use of that asset I've had a client that written off that wrote off a snowmobile or a good chunk of it every year because they would go show properties on the ski mountain with their snowmobile in the winter they also rote off a chunk of their ski pass because it would take clients up on the ski lift and show them other properties that they couldn't get to with a snowmobile clients that ride off four-wheelers houseboats not for entertainment entertainment deduction was uh extinguished for of better word about five years ago under the tax cuts and jobs act but if we are using these different things to accomplish our business or job and it's not for entertainment it can be a write off so think about those and you tax Pros if you're a tax adviser please click on the link below I've got a video on five ways to thrive after tax season tax season may have kicked your butt but it doesn't have to be that way what did you learn from tax season what were your wins how could you improve from this and I've got a video to help you level up scale up and be a Tax Advisor charge more for your time and find a win-win relationship do you know how many people are watching this video that would love a tax adviser that speaks Mark Coler that's outside of the box that wants to find great write-offs that wants to help you succeed tax advisors you don't have to take clients you don't want please click on that video down below and you will love it it's going to be an incredible way to thrive after tax season and I've also got a special for you here hang tight okay now I want to take some of your questions I want to see if there's something I could help you with and help you better live The American Dream by Saving taxes and using that saving to build wealth Dyan what do you got for me first question comes from Instagram and this is coming from Andrew he asked if you can talk more about the historical or historic renovation tax credits the Section 8 credits and any renewable energy credits for new construction that's the question you chose you're fired Andrew those are tough ones um I I'm not able to talk off the top of my head they're excellent I would say this out of 500 clients I may have one that would use one of these renewable tax type credits including the historic credit I think I've only consulted with one client in the last 10 years that was able to use the historic building tax credit strategy you're going to have to your your facts and circumstances are going to drive that a lot I've done conservation easements I've done charitable trust we've I've been going down deep this morning on a solar tax credit strategy uh with commercial buildings but they're also unique so I hope you do not hold me like um liable for oh my gosh mark You're a good CPA you should know all this no uh I could quiz 10 CPAs that it be like I got to look up that rule and it's only going to be for very very unique clients of mine I am so sorry I cannot talk about that credit I wish I could Dylan next question next question comes from Elena on YouTube and she asked what your opinions are about the aslat the irrevocable trust that allows one spouse to gift assets to a trust very unique uh situation again um I am not an irrevocable trust fan they are going to be used for my 1% high high high net worth clients to try and save additional taxes or create very unique asset protection they're also going to that trust can be in used in conjunction with a postnup or a prenup and some um gifting strategies to avoid estate tax so uh I think a little beyond the scope of today as well I appreciate you guys bringing the questions holy crap I'm going to actually pull those out of the description I have a tax certification program where I meet with upwards of 200 CPAs twice a week and we collaborate and I do a training and we're diving deep on some of the most unique Tax Strategies these two questions I've had in the last five minutes we haven't even covered in the last 18 months very very unique and if you are going down that path of using one of those please get a second or third opinion of someone selling you on those um just super unique and I apologize again I can't talk off the top of my head Dylan next question uh next question comes from YouTube a aeko and I'm apologize if I'm pronouncing your name incorrectly um but they asked Which online agency is good they want to open an LLC or they're asking if they should just talk to an attorney to set it up instead great question um I think there's a lot of websites out there that will provide a great LLC package or a corporation package the problem is is not who's Legal Zoom being a good one the problem is twofold though first a lot of times they'll make it seem cheaper than it really is because you should be checking all the boxes I need an operating agreement I need an EIN I need membership certificates I need a corporate book I need all these different pieces and parts but these services will go oh your articles and this and that are only $50 to $100 so don't get sucked into a service that really creates this discounted price for only really a fifth of what an LLC is all about you need to have all those pieces and parts people the second problem is when you go online you're going to get really template type documents that are generic in our membership agreement and in our corporations that we do for our small business owners I want to put the family on the board I want to have accountable plan Provisions in the minutes in order to write off home office auto travel reimbursements for all sorts of expenses the ability to expense certain pieces of equipment outside of depreciation or listed property now those are terms that tax Pro is going to know but be careful just going online and setting up any entity now clients that have done a number of entities they know what to look for they know what they want they have been through they've been around the block multiple times they can go online and maybe find a service for5 to six or $700 we have a pargal service at our Law Firm that's competitive with the online services but getting a lawyer is going to allow them allow you to ask questions get it tailored to you our Law Firm we're around $1,200 and that includes a lawyer from start to finish and a paralal helping you get it done right if you're new to setting up an entity I would really really recommend you use a lawyer the first time Dylan can you make sure kkos lawyers.com is in the chat down down below that's ww. kkos lawyers.com and and use a lawyer the first go around and maybe on that second or third or fourth or fifth LLC or Corporation you can kind of do it yourself or get in the sense get an online service to do it for you because you know where it goes and how how to do it at that point I'm just going to enjoy another drink of my Rockstar this is another one of my marketing techniques rockstar I love you and they even sent me my own little backpack of rock stars so I could like just open it up online and and be there for you guys cuz I'm a a rockstar accountant I'm trying to make it happen so little shout out there Dylan our next question next question comes from a user on Instagram and they asked I filed my taxes late and got my K1 uh need help understanding how much I will owe okay um if you okay if you have you haven't filed your taxes late because you don't know how much you owe so you may want to rephrase that and if you just got your K1 that's okay I'm still waiting for k1s until September so um 60% of my clients also extend extending happened just five days ago on April 15th and that's okay um it you actually reduce your chances of an audit so if you say I got a K1 I haven't filed yet and I want to figure out how much I owe you got to just do your taxes so I would recommend you get with someone in my tax Pro network if you go to Mar jer.com go to the network I have probably 200 accountants around the country that speak Mark Coler that can give you a quote for getting your tax returns done and then you're going to know what you owe so I'll I'll tell you most clients that are making between 50 to 150 Grand you're going to be in a 20% range and maybe 5% for state if you just kind of think of that on your net income 20% and 5% that's going to give you a general ballpark of what the damage might be but just get in and get your taxes done that's what it's about so all right next question Dylan next question comes from Gabriel on YouTube and he asks I have a Wisconsin LLC but I currently live in Texas the business is an online coaching business does it matter which state the LLC is registered in no state income in Texas oh yes there's no state income tax in Texas and the answer is hell yes it matters because here's the problem if you're doing an online coaching business that is ordinary income that is going to be subject to self-employment tax right so if you make a 100 Grand as an online coach you're going to pay self-employment tax of 15% that's $15,000 then you're going to pay federal tax doesn't matter what's going on in the state now the way to save on that is to make an S election become an S corporation so you're going to take your LLC and turn it into an escorp it's super expensive we charge $200 yes it's that easy now you should make that retroactive to 1124 you're going to become an S corporation and in order to save you're going to take that 100 Grand you're making and you're going to say I'll take 40,000 as salary and 60,000 as K1 now you're only paying the self-employment tax or FICA on the 40,000 and you just save 15% on 60,000 that's $1,000 that's a big deal so everybody that has out there online influencer selling product marketing attorney engineer landscaper hair salon restaurant owner if you're making more than 50 Grand you want to be looking at this S corporation and doing a split so you only pay self-employment tax on a portion of it now why does that matter if you're in Texas but your entity is in Wisconsin because to take a salary out of your ES Corp it's a state process you're working in Texas your entity should be in Texas you live in Texas so your payroll has to be in Texas so your Wisconsin entity needs to either be registered in Texas or you need to move it to Texas also I don't want you to get sucked into Wisconsin taxes they're going to be like what the hell's going on you have an entity here where the hell are you well I live in Texas well your entity is here what's going on you don't want to get sucked into that argument you don't want to have to go there get the entity moved to Texas get a call with one of my lawyers they'll help you out get it moved very affordably and we'll save you some freaking money next question Dylan next question comes from Brian on YouTube he asks um hi Mark regarding Section 179 Auto deduction if claimed in 2023 what happens if I'm attempting to do it again in 2024 are there any issues if selling current Auto and or adding an additional Auto yeah there's a lot to talk about here here um and by the way everybody I promised I'm going to give away a $500 code to save on my tax Pro certification program and I've got business owners in this program they're like Mark I've saved double whatever I paid you just in taxes this year alone and this is going to change your life for many years to come so business owners and especially you tax Pros out there I'm going to give you the code right after I answer this question Auto every small business owner should be writing off freaking Auto I don't care if you're selling jeans on eBay in your underwear in your basement you're going to have to get in the car and drive somewhere to the post office or to go to pick up more jeans to box up that's a write off when you get in your car so everybody should be writing off freaking Auto now the question was what about depreciating the auto sometimes mileage is the best way to go but if you're going to ride off the vehicle with actual expenses that's when depreciation comes in I've got an article on this at Mar jer.com every January I do an article on the new auto strategies for that year they change every year now the question is under depreciation you have a couple options you can do the 179 or the bonus or a combination of the two now the combination of the two is where the money's at you want to do 179 plus bonus you can only do 179 in the year of acquisition you're not going to be able to do more 179 on year two same with bonus that's in the year you acquire the vehicle it could be used it could be new you could have donated the vehicle to your business but that's when the 179 and the bonus are used together next year you're going to just be doing standard depreciation it's going to depend on the type of vehicle the size of the vehicle the weight of the vehicle super tricky if you're not an accountant and you've got Autos to write off and you might be buying more Autos please use a certified tax adviser people I tell my advisers to tell you if they don't save you in taxes what you pay them then they're not a good Tax Advisor that we should be saving you five or 10 times whatever it costs to pay us some people are like well I don't want to pay an account in $500 you know they're going to save you 1,500 holy crap pull the stick out of your butt I don't want to step over a dollar to go pick up a nickel pay the dollar and save $ Five Doll I don't go to Home Depot to figure out how to do plumbing and jack up my house I call a plumber now I go to Home Depot to do the easy stuff but taxes are not easy the tax code is this wide get over it if you're pissed off about it fine move to another country or own it and hire a real Tax Advisor freaking a all right now here's a bonus for any of you that want to get certified in tax strategy as a business owner as a tax Pro here's the code you go to mark jer.com look at the tax Pro certification and use the code save 500 you take $500 off that now we have a payment plan option and if you pay up front you can save another $500 this is super cool so get over to the link is down below the code is save50 lower caps caps doesn't matter save 500 that'll get you $500 off and people we meeting twice a week and you're going to be networking with other accountants around the country saving thousands of dollars this is the crazy part everybody wants to go to the workshop where I'm going to walk on fire and raah raah ra and high five and I'm going to make thousands why don't you go to the workshop where I'm going to high five and save thousands learning how to freaking not pay so much in taxes I have clients that pay 40% or more in taxes what not anymore once it became a client we brought it down bring it down people save some freaking money next question Dylan real quick I just wanted to uh do a little shout out to uh Merritt bermwood who is a certified tax Pro and she's on Instagram helping many individuals answer their questions right now as well oh Meritt I love you one of our CPA after dark she's got a sweet YouTube channel people get over there and check out Meritt and sign up for her YouTube subscribe she's got great videos all you have to do is type CPA after dark on YouTube Meritt she's amazing and she's in there right now helping so many of you and she's one of our 500 certified tax advisers around the country and she wouldn't be answering those questions if she didn't know her so people get over there and sign up for her YouTube go ahead Dylan hey next question comes from John and he asks can I deduct a helicopter pilot training lesson for myself I have various rental properties and can travel among them faster with the helicopter but I need my pilot license first well riding off a helicopter or a plane is easy especially when you use it to travel to your rental properties or in between your offices or to conferences or to meet customers or clients I've own a h I've owned a plane before not a helicopter it's on my bucket list but I was able to ride off my plane before it was a little beater please do not think it was a jet and uh we uh very legitimate write- off now for you to write off the training to fly your own helicopter or plane that's going to be a different issue um it's almost like thinking oh can I ride off my training to learn how to drive a car no but you can ride off the car once you use it for business now if you're going to get that training and fly other people around as a business maybe a a 135 operation you'll know what I'm saying if you're part of an FBO maybe you're going to go give lessons you know what I'm saying um the the training could be a write off but it's got to be the training's got to be part of a business of getting trained to use that training not to fly or drive your own car or your own plane or your own helicopter but I love where you're going with this the helicopter itself could be a write off and I'll recommend this and anybody if you're going to go the helicopter or plane route put it in a shared pool let it be used for uh classes let it be used for rental and it's almost like your Airbnb your plane or helicopter so that you can use it when you want too but you're making cash flow on it I've got a wonderful client reach shout out to Dan down in Miami he's got a yacht and he he he rents out the yacht when he's not using it and then he can go use it and it's it he's making money and paying it off at the same time so use these types of vehicles to make money and to to create uh benefits for your business next question Dylan next question comes from Valerie and she asked how do I confirm if one can convert convert 401k to self-directed Ira my husband turned 59 and will be 59 and a half soon he's still with that company with the 401K by the way first name again Valerie Valerie H you were so close and me giving you a high five and all these wonderful opportunities but the death nail on your question was that your husband is still employed it doesn't matter what age he is well I will say if he's fully vested in of an age where he could roll it out to an IRA that's what you're going to want to call your administrator at his uh HR department at his company and go is he vested could he roll out a portion of that to his Ira they may let him roll out his contributions but not the company matches they may let him roll out the earnings but not this or that call the HR department at the company but that's the first step you because he's still employed any of you still employed you can only invest your 401k in what they give you the choices to do and and so you can't go out and roll it over to directed Ira our trust company and go buy real estate or crypto or do notes or a syndication until you leave the job then you're going to roll it to an IRA you can self-direct the hell out of it you could roll it into your own solo 401K in your small business all day long but he's still employed so call the HR department see if there's any portion of that that's vested that he and don't ask him about self-directing just say can I roll out any of this to an IRA and if they go oh yeah this piece open up a self-directed ira at directed ira.com roll that amount over and you're buying whatever the hell you want love it Valerie couple more questions Dylan yeah of course uh next question is from Z Style on Instagram and they asked can you talk about the best ways people can track getting paid in crypto and if it's possible to write off any losses okay uh two-part question first two words coin Ledger I love coin Ledger they're great software they're for the consumer level coin Ledger will let help you upload all of your wallets defi metamask Phantom uh crypto.com everything so get it in there to coin Ledger and let them do the reports now it's not as simple as you think and the reports they kick out are not going to be they're still going to need to be massaged and handled by your accountant they're going to go on a Schedule D is in David uh we have a whole in our certified tax program we have a whole module just on cryptocurrency the metaverse nfts crypto mining staking we get it uh but for those of you that are trading in the crypto space you're going to use coin ledger to get the record of your transactions for last year and by the way all of you the first question on the 1040 the first question and I wouldn't even say putting your name and social in there is a a question the first question is did you have any transactions in cryptocurrency buying selling receiving gifting I won't read the whole sentence it's basically did you do any crypto last year yes or no penalties of perjury go to jail if you lie you can't just say no if you're going to say yes and you're like I don't know what to do hire an adviser on my program that knows crypto go to coin Ledger get your transactions now second part of the question are you going to be able to deduct losses hell yeah you can deduct losses on your trades just like you can deduct losses on tradeing your swab account not a big deal coin Ledger is going to give you your long-term capital gains your short-term capital gains your long-term losses your short-term losses now you're not going to be able to ride off your car because that's not a business it's investing you don't get to write off investment expenses but you're going to be able to write off your gains and losses absolutely um by the way o I need to say we have a crypto tax Summit coming up in September make sure you're subscribed to my newsletter um you're subscribed to my YouTube channel and listening every week we'll have be launching that website shortly for the crypto tax Summit it's going to be in Southern California September 21st Dyan next question I'm thinking two more questions two more I'm having so much fun maybe it's the Rockstar today it's a great year by the way if you want to save 500 bucks and get certified and save freaking $20,000 in taxes holy hell get over there to my website sign up save 500 and there's a great video there for all of you that are tax Pros five steps to thrive after tax season get over there you're going to love it it's free video I go through some steps that are going to blow your mind question from Kevin on YouTube he asked can I claim cost segregation accelerated depreciation on Str Str that was rented for only the last weekend of 2023 can you do it Kevin sure but you might want to buckle up for a lot you know an audit um all right everybody what Kevin is saying St Str means short-term rental AKA Airbnb VRBO so Kevin onboarded an Airbnb last year got it ready to rent and rented it one weekend Kevin here's the problem in order to qualify and yes you can do cost segregation take a big Kick-Ass write off I love the short-term rental strategy I've got videos on it and articles and all those good things by the way in my certification we have a whole module on real estate from short-term rentals long-term rentals self rentals real estate professional opportunity zones 1031 cost seg the whole nine yards all right here's the problem Kevin in order to qualify for the short-term rental loophole you've got to show that you had renters which you did with an average stay of less than seven days well you say well Mark they only stayed two days it was a weekend well how can you have an average if you only have one rener we recommend you at least have two or three renters in the last week of the year now you have an average you can't have an average with one stay kind of doesn't work in the math column you could go for it I and you could very well do fine but you might have to defend the fact that you didn't have an average stay because you only had one stay I'm a I'm a freaking go-getter though I'd probably take it Kevin but you better get with an adviser that believes in you and believes in that strategy you do not want to do this on your own next question comes from Nathan on YouTube and he asked if I start a business after this year's tax day do I just wait to file for the business's taxes for next year's tax okay everybody tax day great question tax day in our in my world as a tax professional there's multiple tax days here's my calendar you can get on my website the mark J ker Trifecta calendar I've got all the dates of the critical dates you need to know throughout the year now I know you're talking about April 15th but there's also September 15th October 15th July 31st January 31st there there's so many deadlines there that are important for tax reporting here's the important thing we're reporting right now for what happened in 2023 that's water under the bridge it's gone any tax day this year is simply a deadline to report what the hell happened last year what you're doing this year could have started on January 2nd April 17th July 4th whatever I mean you be starting a business anytime this year January to February to March to April June July and then you're going to report it next year by the appropriate deadline which might be April 15 so don't worry about this year's tax reporting day when it comes to your business that started this year by the way speaking of side hustles one of my favorites my son Dylan on Fourth of July he and his buddy for a couple years they'd go by wholesale hundreds of sunglasses and then they'd walk around like cigarette girls with a little tray and they'd walk around the the the parades and all the festivities on Fourth of July and sell sunglasses to to people that left them at home or didn't have one and they made it killing and I just loved it people this is the beauty of the American dream if You' got a plan and you got an idea and you could sell a product or a service freaking Make It Happen by the way I've got a new podcast titled the one-page business plan plan oh it was one of my favorite podcasts in a long time it just went live today get over to Main Street business podcast and listen to it it is huge super powerful do it all right Dylan last question last question just softball Hector from Facebook asked is there any of your 500 certified tax Pros in Oregon or Washington hell yeah I got certified advisers in or year in Washington but Hector I don't care I don't do you know my personal accountant is in Texas and I haven't even been to his office now hold it did you hear that right you said Mark Coler hold it you're a you're a you're the goat you're the certified Tax Advisor of all time and and you have an accountant yes we all need brain on brain me preparing my own tax return could I do it for sure but I want someone to look at it I want someone to to make sure I'm not missing anything and I don't care if they're in Florida Maine Alaska Texas California or Washington it doesn't matter Hector you just want someone that knows you that can get on Zoom that can get on a call that can get on an email answer your questions build your plan and help you your accountant doesn't have to be in your state your accountant doesn't have to be in your freaking town they don't have to be in this country one of my best certified advisers Carter Cofield he's in Columbia he joined our are training today from Columbia and he helps thousands of clients all over the country just find someone that's freaking good at what they do and hire them Hector get over there on this tax Pro Network you'll love it all right everybody tax Pros got a good video down there for you how to thrive after tax season get that benefit of save 500 I promise you all of you when you do your certified Tax Advisor program which is a write-off for your business that's a write-off I am going to save you more in taxes than you ever pay me and I promise that and if you're a tax Pro and you're wanting to build a business I'll bring you clients and I don't take a piece of it you can be on my tax Pro network if you want go get certified and show up people the American dream is real don't give up work hard it takes time it takes patience it's not easy but you can control your destiny and I love all of you that have a day job and a side do it do it it's wonderful combination all right I'll see you next week hang in there
