house property 30 deduction

so will start in about five minutes andwhile you're here i hope you all have visited the homepage of nachi.org. if you're a member you probably already have. if your non member on thehomepage of nachi.org, you can download an ebook written by my brother, nick, founder of internachi. i actually have the print version on my book shelf here. so, it's a nice big book. it's thick. got a ton of information in it and the title is how to run home inspection businesswritten by the founder of internachi. and download there, the download button, the red one, you can click. you can get it for free as an electronic ebook. so i would do that as well. and if you're just joining us, we'll bestarting in about four minutes or so and if you are a member or actually a non-member too, you might beinterested in this. it's at another page

take you to natural or you can see theforward slash everything now she stopped working in his yard shot dot org g res /everything and go there and the title of it is becoming but it's actually a stepby step checklist on how to run a successful home inspection businessbased upon that book and a few more things so if you're non-member the firststep is to join it and why did you join the nazi there are many reasons main oneis once you become a member of it you have free unlimited access to all ofour train and some of the members as soon as you become certified then youhave it's like torture the world is open for becoming a certified g

now everything including marketing teamsits down with you and your brand marketing strategies and your businesspractices will be talking about one important business practice taxdeductions for business today so that one can actually have access to thingsstart to get certified and we have over 30 certifications to choose from and allthose training courses and certifications logo use free online formembers three is getting access to hartleydepartments we have our staff young illustrators marketing designprofessionals graphics all they do is sit down and design logos businessmembers and then they take them and they

make your brand hope you make it printand they develop our business brochure and also help you with your website aswell so that everything that you do too in your marketing or promotionalmaterials have the same message have the same feeling the same look and you can'tget anywhere else because this is what we do all day long don't try to design your business carddon't pool internet don't ask your nephew to design something for you haveit professionally designed by someone come in and she and that design allthose design services marketing services free for members willstart the webinar with sandy barton and

just a couple minutes and this is veryimportant things that checklist on how to run a successful business for is abusiness course a lot of inspectors fail within the first year of creating theirbusiness because they think they're really good at doing home inspectionstechnically but they forget the other aspects which is the business side youhave to think of yourself actually as a business owner who just happens to do sowe have an online business course and it's big and it's their oh and i'mcourses you actually to do to write a business plan that's one of the thingsout especially in pricing service fees in your market area has nothing to dowith feelings or what your competitors

has everything to do with math gonna betalking a lot about math numbers today with anybody and also be talking aboutit see i can give controls over a short introduction to see it as a certifiedpublic accountants his legal specialists specialists in the office of chiefcounsel for the irs and as attorney has trained many train the new internscoming into the irs tax division he has authored many technical articles he'slectured all over the world and he was professor counting on and said he is the author oftwo best-selling books one of our taxes big-time secrets and amazon and todaystanding will be talking about how

doctors can use device contacts to helpus with our business practices and save cash by being vigilant with our taxdeductions so i can see any can you hear me i can hear you can do that when shestarted recording oh yeah i can't give you the screen control after i start butyou can try everyone i can't tell you how honored iam presenting in conjunction with international also very honored to beself-employed individuals my parents with self i'm self always respectedanybody to take maybe a little more risk in order to make a lot more money now

couple things before i begin this is avery content rich program is a lot of material here so you may want to get apenalty get some paper because i'm really gonna move but the good news isthis is being recorded will get a copy of the recording by thename of the questions remind you how to pay less in taxes and not worry about anirs audit about that you can increase your deductions and reduce your chancesand that's my first of all a little background i've been told that thispicture is a lot better looking than i am i am a cpa i'm a tax attorney and i'ma former trainer of irs attorneys nation wide

if you think of an irs agent ateradicate that makes me to head road i haven't lecturing with my company calledthe tax deductions institute from thirty years teaching self-employed people howto reduce the taxes i'm a teacher tax coach with tony robbins what he did aswell seminars on the best-selling author as was mentioned i true books actuallywhat is lower your taxes big time so i recommend to all of you and i book is called to chief financialfreedom their time both books are available on amazon and barnes noble inplaces like that and i've been a guest textbook expert on oxycodone pcbs andcnbc many other place and i'm not saying

that i just want you to know that i knowwhat i'm talking about i'm gonna be talking about some very startling and ithink surprising things that's why i want to give you my background first ofall we're gonna spend about five to eight minutes on white tax planning after everybody regardless of income inyour brand new needs to know that they're going to spend about 40 minuteson the meeting details of the tax education and you had to reduce yourtaxes documentation they give you a short demoof a product we partnered with international text you'll find that veryvery well then opening up a lot of

questions and answers i don't know ifbenjamin or my partner david will be taking questions but will be taking yourquestions remainder of the times make sure you putthem in chat if it to you and we're gonna give you access to 10 freemoneysaving reports the program is next in fact that i was gonna say that somesurprising things you're going to spend more on taxes on do not realize that youspend on your home food welding and your transportation by it is the number oneexpense you will incur in this country in north america and how much do you paytax in most people of various price i gave a similar one of these big niggeroffense donald trump general schwarzkopf

20 robinson a senior and i had agentleman came up to me and said mister biking and let you programs one problemi don't pay taxes i get a refund every year i didn't realize he's getting backso i ran the numbers somebody makes $50,000 a year in an average performingtax nothing you know management estatemarket arizona taxable income is roughly twelvethousand nine hundred and seventeen dollars in taxes now normallywithholding or estimated tax is more than that whether that for two reasons why thegovernment let's make sure they get your

money but number two but when you getback a refund will feel better even though this person's getting back $1,560they're not getting it all packed as anybody see this is the leading $12,900with the governor and i'm talking to federal state and social security andmedicare taxes what that translates to is 25.8% of their net taxable income isbeing paid to the government when i talk about donald trump here we're talkingabout a hard-working single individual name out of fifty thousand yet nottaxable income in excess of $100,000 a year hasten 32.4% of their not exploit some50,000 a year

patient with 37.7 percent of what theymake in the net taxable income taxes you may not realize it but you are there isnothing mentioning this light if it was developer donald trump actually and yeshimself an interesting question different between the multi-millionaireseverybody else questions to ask and the questions he asked himself was if istart off with wonder and my equity doubles every year well don't pay taxes on w my along withthat dollar take to be worth a million dollars for example $1 invested atbubbles at the end of one year's net worth $2 doubled indicators as well ifyou run the numbers at the end of twenty

years it's worth 1,000,000 48507 $6 ortakes 20 years for problem and what's this let's assume you start off with the samedollar we did in the previous attempt to sing at the state twenty years let's getmoney doubles every year except that you pay tax at 35 percent on theappreciation and when you consider federal state social security andmedicare $35 old is not $2 it's really a 65 doubledits not 333 272 numbers for twenty years you'll be shutyou know the difference issue of police went to two thousand three hundred andseventy dollars versus the middle now

why is that know the answer is compound you'relosing interest in all the money you're giving the government's albert einsteinattributed same compound interest is the eighth wonder of the world can work foryou by getting your texts down to the legalminimum or it can work against you by over paying your taxes i think out onstems are pretty smart cookie take his advice and that's true everyone matterwhat business you're in when he started a business or whatever there's anothershocking statistic it was a study done by i believe harbin university they wantto know what percentage of the

population could retire with the samestandard of living at age 66 that they had before we know the answer yes it wasshocking that was four percent which means 96% of everybody in this country iage 66 has to either continue working on some plumbing charity or reduce thestandard of living but here's my point if taxes are the number one expensivenorth america and we can get those down legally morally and ethically think wecould put you in that top 1% absolutely that's the important point of thisprogram no i mean it's safe if things get some kind of funny that thegovernment is the biggest party in north america and the reason is the governmentwants you to be in business and they

pass some really good tax laws for testsin fact we have actually to taxes when i say that many people think i'll show 14rich and 14 points in somebody's political debates not for this point tomake it 4-1 to make you rich the 12 multiport the white design for theworking stiff the employee because if you are an employee you are taxed ondownload one you just get that many productions if you do get hit action hasto exceed a threshold i mean you really don't come out ahead of but if you're self-employed that's theone to make you rich because not only can you deduct everything going to playin the death but you're taxing your net

income gotta get one dime to drink it toyou you get all your expenses in addition to that you text on that numbertill you get a tremendous amount of the decade you can take employees don't getyou could write a party house espouse the acquittal of your kids education andweddings i'm not exaggerating when i say you can set up a pension plan that ipromise makes any government plan looks more by comparison tax benefits areenormous and you wonder why does the government passed these good tax theyare good tax because these things create the directions that you may have to paytax deductions and indirect guess why does the government do that for smallbusiness

the answer is very simple jobs over 70%of the job is from small business ibm or for microsoft office small businesstelephone apple computer which started didn't stop 50,000 employees it startedgoing to steve jobs and steve wozniak amazon to pick internet giants of jeffbezos rush government passes good tax lawyers doyou get your business and substitution and his a good example of the difference mary is an example of an employee and bythe way she could also be a self-employed person because she doesn'tknow the rules using the same boat as employees and now it's the rules is veryimportant and we have a couple of

expenses for mary has cell phoneexpenses but snow but not deductible is because mortgage-interest alright that'sadequate it only as a non-business that's not deductible at all our expensegas repairs insurance not deductible is an employer's york city high trestlerestaurants mary likes to get out of my only got to douglas gary likesentertaining like to go to movies got a key games not deductible yes medicalexpenses they normally have to exceed 10 percent of your adjusted gross only getone dime to text and any other medical expenses have to exceed and otherexpenses have to exceeding fragile effort if you are self-employed that'strue whether it's full time or part time

now portions of these same expenses thatyou're already spending which may be non-deductible now become deduct themoney we call this really directed spending before taking advantage of gifttaxes in fact i found in my 30 years of lecture that small business over paytheir taxes to the tune of video chats with a big and even worse over 95% ofthe people i lecture 2 don't think they'll let you know and there are threereasons why so many people of a painting now one reason is lack of knowledge youdon't know what you don't know that's just the way it is the second reasonwhich is it's excusable but it's huge

is procrastination times you were sobusy in our lives busy talk business we don't have the time we don't think wehave the time to do the things that need to do so what happens is weprocrastinate what happens we forget those deductions and we don't take it'sa huge huge like two senators i ask people how many procrastinate speak afew people raise their hands look at them and i and i will what about therest of you a quick breakdown of our huge killer and the third reason peopleelusive actions is fear of the irs i can't say how many people i need to takeless than the directions but they think that will reduce the chance of autisticshocking reducing your deductions do not

reduce your chance all those people thatthought that would be the case all they've accomplished is paid more taxesreduce the chances as a lot of shocking number socking it because you'reself-employed you have always good tax less you have to do a 700 percent morelikely chance of being selected for an order even in the cutbacks irs you stillhave seven times over that an employee having good tax records it's just itisn't even critically it absolutely is it really is no i the current tax limit i find theright left right throughout the country i find it almost everyone is either nottaking all the deductions they should be

taking what you're gonna learn abouttoday or and they're not taking deductions taken to deductions but theydon't have the right to find out the case most retirement is simply listingthemselves to tremendous matter that's why it's important or having the rightnow about taxes now for the meat potatoes first of all you start off withcourse you have a card with you take that on specials i would like to get youwouldn't guess would you like to guess which one you want you all to get onesomewhere that range or two methods of taking part in one of the irs method andthe other is actually the irs is usually the more conservative approach anddoesn't usually get out the actual all

started with irs that's moreconservative in 2016 i'm giving you the latest information i have asked if you54 cents a mile for every mile drive business last year was definitely haveto say tomorrow you drive 20 miles for this all rescue $0.54 imam which they$10 least at the tax deduction in enough stuff not cash you get from a deductionis whatever tax break times the reduction that's the call and textprovided what does tax bracket you hear about it but i'm not sure if that meanstax bracket is what you pay on the last hour you make to the federalgovernment's the average american is in the 33percent tax bracket you could be as high

as 54 percent thirty 30 if you multiplythat by to $10.80 deduction that results in a cash savings of $3.56 in yourpocket so for example of gases 226 a gallon and you get twenty miles to thegallon you're actually making a gala 30 again that's exactly what's going on emphasized by the way it's also the carwhere you don't have the right documentation the tax record it'scosting you that much per gal you're you're actuallyit's actually question you $3.56 now and that's got us method which isthe more conservative approach by the way who determines what how many milesyou drive for businesses to government

or to wait and the answers we do and wedo it attacks tracker let's talk about theactual natural methods we take your business mileage divided by totalmileage and that's the percentage of vehicle expenses you can write offthat's the percentage of gas oil washed waxed appreciation by the way whodetermines how many business models we have ers are we doing yes we do and wedo it in a meat-axe track get the drift here by the irs method isin lieu of both ios and actual of gas or repairs insurance watch lessdepreciation but you do get a certain other deductions you can deduct salestax

did he stepped off a business andinterest on car loans this is available on whether the uscismethod or the actual please check your tax return to make sure your accountantgive you both thanks i just someone who filed amended tax returns for threeyears to get back $6,000 out and get given that make sure that what kinds ofdocumentation do you need for your car you know what they say about it a lot ofpeople realize this is the number one oddity area by the irs number one it'sabsolutely essentially do this right there are four things you must happen iwant to emphasize there are other text trackers out there but they don'tnecessarily do it right

yep for that first you have to have abeginning and ending all dormitories most writers don't have very importantfor the year that's not be free trips beginning and end of year now but if youhave a mileage journal for each trip you take the right number three this issomething that's messed up almost every major tax tracker out there you have tohave an explanation of the business purpose for each trip if you don't dothat you're not compliant and i see explanation to say what you inspect homeat 23:05 mainstream or wed 22 astra structure analysis esther whatever thepoint is you need an explanation and

number for the address of each tripsimply putting by which isn't enough you must have the actress who had any one ofthese for your not employed and i'll bet you if i go into your home today to seewhat you did operate mostly didn't mention this is the number one or twoarea by the government so having this right is very very but his hot tip youknow a lot of times we go to war we go take our kids to rate football games your mom that's not going not detectable is not staying in washington see where ilive where there's a will there's a lair what you do is to ask yourself do youhave a business top you can stop on the

way he may be expecting you could or ameal or a seven or something like doing that a substantial part of that trip tobe deductible by the way your mom doesn't have to live with you it whatyou want with a white you want to set up referral networks with other inspectorswill have an inspector comes to your client from this that a man lay outthere were 32 business and so on and so there's a lot of ways to maketax-deductible even though your mom was a state right i do want to emphasizecouple of things in a car or any other vehicle is 3100and $60 westerly 16 last year it is now in ritual actively improved 11102normally read however despite what you

see here is a misprint on the slides itjust got here emotion right now it's an suv isqualified as you pay is $25,000 not 11,000 160 but $25,000 depreciation lessgas oil washed waxed so in the first year you could appreciate yesterday withleftover the second and third years but what's a qualified suv a qualified as uknumber one has to have a truck chassis that good thing has to have a grossvehicle weight bench carrying over 6,000 pounds and i dunno how would you know ifyou have a gross vehicle weight of over 6,000 pounds you open up the driver'sdoor this little metal to metal plate in the in the torch and you'll see thatgross vehicle weight you want to have a

gross vehicle weight over 6,000 poundsnumber it has to have rear seat that's the bigdifference by trucking operations a while facing as we're seeing if you makethat you can write off up to $25,000 that's kind of one of the winners 11164 now if you have a qualified truckor van and you can write off the whole thing up to $500,000 you heard mecorrect what to qualify truck while light truck has a lot of the same rulesas an suv over 6,000 pounds gross vehicle thing the truck just have tohave at least the six-foot cargo air but here's the one big difference between atruck and suv no rear

you cannot have received a proceedingthen you come into the suv rolls and 11:25 as notes if you don't have anyreceding and you have a least a six-foot cargo area you can write a 500 percentof the business use of that vehicle no matter when you buy it january or december when you buy it sokeep that in mind what is the real winner here the fans are let's talkabout it internal revenue code allows you towrite off up to 50% of your meals and entertainment anyone cancel yourbusiness and my question to you is to our potential clients are your bestfriends potential client referrals never

home expect that your adult familymembers absolutely about your next door neighbor absolutely up speakers oncapitol guys like me i had every one of my own i mean everyone's prospect thatthey've never met you home inspectors and get together not like this neverhappens to everyone and if you're paying part of the bill in europe talkingbusiness and you know you leaving money on the table over paying your taxes nowthere are six elements of i call them the 5 w's index felltogether the sixth you want to make sure to have these six written down sometimetax record tax orders number 12 what's their name john smithdid what what type of expense what was

the meal was a fun with it golfingevents you know what was the three why this you have to be very specific i askfor referrals i talked about inspection problem what to expect me to be specificwhere went to chili's outback steakhouse when what was the date and finally howmuch if you do this you will never have to worry about it i arrest order to geti would have to do not have to worry about left now you know when bigcompanies entertaining on the superbowl no i and world cup and things like thatnow small business owners don't know editorat advertising display advertising is when you edit a viral marketing is whatyou do when you when you market and

that's when to turn away is a case toadvertise because you're promoting your business in pursuit of a profit and toyour offering truth that you're running your business like a bit very very important so advertising andentertaining is encouraged by the internal revenue i don't talk aboutsomething else internal revenue code it's called associated entertain andthat you have read about this account i want you to write down the wordassociated payment i want you put it at this is actually an interview and i wantyou to write down the word but we don't need of tax laws me better explanationsthis is where you're going to a movie

this is where you going to a play thisis where you going to a ballet playing golf and your body lost that phone soyou have been twice as much fun irs says that you can ride with 50% ofyour fun as well as 50% of your friends fun if you pay for this is irs talkingnot steady but if you talk business within the same 24 hour day as the funthat give you enough time let's take a look at what's the i would go topensions hausummi talk business and then there were literally drive over to afootball game and talking business within the same 24 hour day yes partisan house now let's say that iwould go to talk business over what's

been such a beautiful day in florida wesay we go play god had a plan i'll go with you is that talking business withthe same 25 yes the key is you have to have something to write down the sixelements of situation in your tax organizer otherwise you have to crossthe nation and that's real you want something too pretty to write down whowhat why where i doing that you'll never have to worry about an irs or by the wayi wanted to say something about how you were able to eat away your taxes you cancounsel waved at you can play with your taxes taxes it's incredible how good thetax was all the way i have homeowners white house doesn'tburn down every day because you don't

have a disaster i'm sure all of you havecar insurance why do you have that you because you get into an accident youhave car insurance your back your tax tracker is your auto insurance against alot of times i get asked all the time what do i back to the rest of my lifeshe had a cock struck exactly what they want it is your auto insurance againstthe government now what is the premium for the policy need to know what youdoing little bit but together you will never have to worry i wrestler ric knowwhat you do know but no doubt that you know you need to write these things downnow let's talk about a home office that you heard that you click the home officeyou to get on it and almost right to

taste in 1999 congress liberalized homewith my question to you is very simple why did congress do that headed watchingthat and i have a friend that actually did the people claiming at home officeand they found that the people claim the home office at about the same chance ofan oracle people did offices where thousands which is you don't take ityou're eligible you crazy we are gonna give an example of how thisworks let's assume this is your floor plan of your home reports and used onebedroom business and that better represents all its 23rd year totalsquare feet is nothing magic number one number of 18 of your home expenses nowbecome business expenses but when you

get to a tease i now detectable as abusiness expense of your schedule say the corporation just every dreampersonnel for those expensive don't take it the corporation just one person now before you couldn't deduct utilities byclaiming home office one day for the interest and taxes become businessinterests business taxes you might say yes but not as a business expensenormally 29 this year a portion of it can reduce your medicare and socialsecurity tax what if your house would be depreciated we're talking about a hugeamount of money that thousands of times i had people asking me said you havetwenty my partner and i still benefit

from home office yes in this examplewhen the rent is one of the major warm summers when he could be insurancerepairs it's just an enormous number and allthat how to qualify for home office deductionthat your cat didn't take this into account a lot better run off the phonewith the 24 hour rule there are three bills gonna be 2010 as you've got to usean exclusive portion of a room for business how do you prove to the irsthat using exclusive portion or if you're being lit now something youworker two years ago he proved that the answer is to take a picture i phone onthe web you can put it a little file

which wants to make sure that they don'tyou write down to date with time very important let me tell you want to showthat used to regularly for this means at least 45 minutes a day five days a weekit's much more important that use your home regulate your business this way and sayonce every two weeks or profits without the same time but it's much moreimportant to you and this is where you text records and finally you want to useyour home as your principal place of business this is this is where you dothe majority of your manager you render your services for inspection will you dothe majority of your management and

administrative work so if you send outyour bills from your home while you study continuing education andinternational kinds of stuff he do that that qualifies you as a principal placeof business of three tests you can claim the home office deduction thousandsthousands of dollars if you're not doing this until you know you're overpaying ittaxes that one question again a lot of his daughters going to college that i'vegot a son was getting married by helping to step it up no i don't remember that iwould you like to get every single thing i just so i can i ask that you couldwrite off your your kids get equivalent of kids college education weddings whatis the correct our excursion weddings

not deduct but if you hire your kid inyour business and pay them a reasonable way our wages he paid assistant businessyes and if they use that money to pay for their own coverage only their ownroom and port own books their own car and then use that money down the road topay those things are you getting its the same money but in one case you want fromnon-deductible to wish to deduct wages things kids can tell address envelopeswashingtondc houston texas rigged documents all kinds of banks now numberone pick up the rules you know if you hire me i just couldn't care less youhire your kids your family now they care you got a doctor i say he's had it sincefirst of all the rage has to be

reasonable you're not going to be able to pay yourten-year-old son $50,000 a year if they work for three hours but what is itreasonable wage a reasonable age is what you would pay an outside it could be atemp service like that as long as you pay your kids something less its reason to keep time sheet showing what date itand when they do that you can do this on a cracker you can buy time sheets fromstaples modesty possible places will be in 2016 the first $6,300 of income taxincome tax worry they can actually arms 63 y isthat your mailed approximately five

ounces of gold every year it's calledthe standard deduction on people don't really know the standard deductionreduces earning wages by $6,300 everybody gets it you get your kids getgrandkids get everybody get you can pay them up to $6,300 and they get thatmoney tax-free that's in addition to the exemption and finally if you'reself-employed and you hire your own children who are under age 18 there's nosocial security or february 9 give you an idea that this is why ihired my kids during the summer vacations to help me out of my businessmaybe we'll come over all that money i paid hymns thousands over at my doorreplacement digital design web design

motion if the two years she was able todo some internships i had to get a new website for my tax pot website actuallythough i i quote very expensive to get one of these freebies no i went to agood firm yes my daughter she could design my website with all the past iwas gonna pay her something less than what the upside for more devoted almostcovered years i would i was able to save thousands and thousands of dollarshiring like it and i can tell you that if you're not doing your overpayingattack there's no question perhaps by which we show you exactly howthis works by the way has a number of features to it i'm getting to youautomatic mileage tracking you can do it

manually if you wish to extract has atexcitation center ordered safe reports that will book review guests even thesmartest irs auditor and a running total of all the texts has a huge number ofthe kill you know a lot of times people think critical that you do is thinkagain i was a chance love people think this way they really do because you needmore information on the credit card provides remember you not the irs youare guilty until you prove you have to prove all your deductions werebusiness-related and that you're following the rules and other episodesof all times people ask me advertising all the time most intuitquickbooks quicken all the other stuff

or cuttings that great but tell you willyou spend your money but don't hold water when it comes to proving taxcompliance for example there's no mileage log in question is no expect at six elements of substantiationfor travel entertainment questions which they don't have that stuff a good tax tracker can replace quickquick and cannot replace a good that you want you to miss you can you know begreat if you can get personal taxes it do all this for your mileage logs foryou 24 hours a day seven days a week to keep all your receipts bulletproof floodhurricane sandy it never gets damaged

never gets lost and finally it keep ittax diary for you all the attainment questions travel questions and all theother things that you need for the irs would be great now the problem is if youtried to hire somebody like this will cost you $150 let him get somebody likethis for any not pennies an hour a day he's more interested in that issued to the best tax assistance it isspotty creature has a four star rating in the app store that's part comes witha number of very cool teaches why international party with us number oneyou can track your mileage very easily integrated gps system with the mileagetracker 020 automatically turn on you

remember turning on which allowed us todo we get an example you just click on trucker mouth and it will automaticallydo it absolutely give an example of how this works let me start writing expertturns on automatically do it for you don't have to remember when you stop forover five minutes experts from sources which it turns offautomatically log on the mileage will keep track of your phone at thebeginning address you don't like to keep track of your phone of your any mattresskeep track of your pitch it keeps everything that irs requires all youhave to click on his with its business or personal and the vehicle but decisiveabout tax but it works on up to multiple

businesses that do business with severalcars simultaneous so you don't need a separate account you have multiplebusinesses you can use 1313 espouse once you can't you can't do that on one countyou don't need separate counts all you have to do is save it will go throughthe web through the center of my phone and then at the end the night you go atnight to tax bite you click on the tax bite website with your phone or web andyou put on explanation for why you went to extra go for inspection go to meetwith the prospects for referrals know what to do and now you are absolutelyfoolproof you'll never have to worry about it i responded again i promiseyou'll be perfectly and that's

actually automatic mileage trackmanually turn it on and you get the exact same things when you stop ityou're lost get the same results i like your romantic enough to remember turnhelps alot in addition expert digitally stores received this integrated expensetracker that works on the way to see you know what's on the iphone ipad androidandroid tablet and web works on all of those devices let's take an example tax but only hasrebuts one of which is automatic other buttons for incomes will keeptrack of your income model and then it keep track of your expenses i designedtax by emphasizing i don't like i do but

i don't know i wanted my self easy andfast i'll do it i think thats truth must be told i want you but that's it let's have a lunch with bed i click onexpense the minute i click on expense it'll give you a whole category ofexpenses all of which are editable and customizable you get an added expensecategory one of the categories have two meals so what i did was using my phone iclick on meals and it shows the six elements of substantiation automatic ijust type in each meal which i it's a safe and everything state what i lose myphone i don't lose my dad if i replaced my phone i don't lose my god whenemphasize not to mention tax but works

on multiple devices simultaneous you cani have a iphone my wife is a droid can use tax company or a different workson multiple business income in addition to the expensetracking in addition to the integrated gps the mileage track it has integratedcamera with tax bite you take a picture of your receipt irs announced that youcould they will accept documentation hurting said if you take a picture ofthe said this is not true picture of what it looks like just click on thepicture is clear and click save everything that goes on the web attacks but it's it's kind of like a bmwis more under the hood and appears it

everything is encrypted which is unlikea lot of government agencies but we've backed up in multiple high-securitydatacenters several different locations we take their security very seriouslybut in addition you know the whole purpose of any traffic is good reportingand we have our audit safe reports will you be ready for even the toughest irest what i promise and the way i reports work is everything is digitaleven the receipts if you can download everything that can be downloaded bycategory and you could email categories to your account so your taxreturn done or you can put on a memory did your hard drive down long-termmemory and give it your account and you

don't get all the documentationeverything is ok you know i gotta tell you there are 77 words that causes morepeople to lose deductions in any single and those set of words are my accounttakes care of my taxes i quit this with a doctor to give up on it would be greatif in fact in foods and never have to go to a doctor wish i could that accountants areabsolutely essential but here's my point you don't have the right documentationextract you don't know what you're doing is very little your account can do for alimited you have to do your part and by the wayanother exciting feature attacks but

with the technology you can securelywith your bank or credit card a tax break we'll look for miss the directionshe didn't put in there will be charged as a business expense it will actually send your message thatis this you want to add this to text much of everything in one place inaddition to all of this you get made you get tax parts education center we havewithout question the best education center on any expense tracker in thenation who had one reviewer so you get one idea for thousands we have overforty thieves on a wide variety of different tax and financial topics wehave over three hundred and seventy

blogs on all kinds of things like i'mcraving some of the latest scams are going wrong with america i just wroteabout a recent we talk about had a support pictures how would that washappy birthday not worried about that we have we have information have a greatnursing homes my dad check out how to do this had a write off for your entertainmenthow to maximize your deductions much much maybe i just a tremendous libraryit also in the front of tax but it will show you in real time how much you aresaving its just notice that the benefits for coming in here you could putthousands and thousands of dollars

you know before drop tax package to pick spreadsheets itwas just horrible now military half a day that week and a half a day all thisi promise you it's that easy our customers love tax but we gotta makepoints 6 2010 the reviews have a four star rating we've been recommended by almost everyreal estate associations across the country were recommended by the nationalsociety of accounts for their quiet the reason we're very easy to use and simplewe recommended by new york stock exchange the way technology made itrisk-free we have a 100% risk-free

guarantee you signed up for a 14 daytrial you don't pay a dime that's it and if you want you can pay $9.99 a monthfor all of this or if you want to save money stated in two months you got it you gofor the year for $99.99 $89.99 because it's tax deductible the lower cost youabout 540 a month after taxes what they all of this way to get it to go towww.ti.com xbox.com that's www that nazi attacks but hopefully i've convinced youof the horrible mistake of overplaying it taxes and i certainly apologisedanybody doesn't get away with everything you don't have to use a territorydeputized naturally attack sparked a

comment by the way i also if those whosign up within the next 24 hours that she has negotiated special premium youwill get our premium service which you get the call and ask in charge over $259by the way you get the call and ask on limited tax collections with taxprofessionals they will review your last year's business tax return for ways tosave in the future in addition to that and all professionalservices are backed by a $1,000,000 this policy you get all of the only$9.99 a month attacks $99 are white with those youwant something simple easy and fast as it a simple yes the bottom line is dosomething you want to get another

expense tracker and get a fireproof safehey go for it but do either way he's still tax questions you will start andfree reports that will show you how to drive your car virtually free and a lotmore detail later on medical with a with a self-insured medical plan you like tohave your medical business meals and entertainment are your kids in variousways using the leaseback technicals one strategy financial planners in thecountry avon traveling much much more we getsign up for a 14 day free trial we have a guarantee you will get twenty timeswhat you paid a new deductions or just don't don't pay for that sample weguarantee in twenty times what you paid

one that's a pretty risk-free dealthat's www dot naturally that tax but i'm gonna tell you is i'm going to turnthis back to gauge what amendments you can read me the questions that you ask against one roll www.sedar.com take itover lake city we do have a couple questions that iwould like to have answered also if you guys have any more questions type into the chat box right now andwe'll get to those as many of those first one we have is asking i guess theyhave an assistant they work with it also incurs expenses and they're wonderingthe best way to take and use tax

absolute rights attacks part works ondifferent devices simultaneously and you can use it with several people wereseveral businesses mobile business or multiple people on this account withyour assistant you can you get one report they get your report nicki ishe's person has to put in what ended either using so you 10 assists but if iwere on the same account they can see everything you're spending will beadvised that great also questioned about takingpictures of receipts once they take that picture is it ok to throw that receiveda way yes you can throw away the receipt iris allows digital documentation butyou wanna make sure you have a clear

picture you can see debate on you cansee the amount all that great alright this is a question about theirclothing i says rules on detecting clothing to get dirty well doinginspections have to be official uniforms or can they be as regular work clothesand can you deduct the cost of an excellent question generally weldingthat you wear on the street and wouldn't identify you as a home inspector is notdeductible if you got dirty why we're doing inspection which i do understandhappens knotted up is there any way to the duckling yes irs allows you todeduct dry cleaning and the purchase of costumes costumes of things that youhave somebody like a project but no

passion for things like delta phi if youhave a special custom with a local of your first and it's on the front of youroutfit of yours your of your jacket then that's yourjacket would be deductible and the drive home or if it's a costume a qualifiedcostume then yes it would be ok great i think he did mention this during thewebinar but they are asking about the most audited category is no question thenumber one most ordered category viruses or other what no question that it's morethan anything i don't know maybe it came in second in home offices third that'swhy we covered in such detail and a lot of dragging out their houses and whatnotalright question about a cell phone like

a lot of us i think he's using this bothfor business and for personal use and how did you go about deducting that cellphone and its use ok but i do i miss the automatic mileagetracking particularly good for the inspectors will have to remember to turnit on cell phones of all be deductible if youbuy a new cell phone you can right now the cell phone bill depends on how youoperate your business if you operate your business is a corporation thecorporation pays the bill you can write off the cell phone bill if you operateas a self-employed individual then what you need to do is keep some kind ofrecord what kind of accept any

reasonable approach the bills you canmake an estimate of what part of that is business it's best if you can keep yourbill and check off what's business what's person but there's a recentexport cases a reasonable estimate of what's business will be allowed so youcan make a reasonable estimate and what part of that bill is business and thenyou can show up by one bill which bills so that that matches yesterday i thinkyou can write off your muscles ok great alright it's a question about expandingthe business just wondering are any kind of loans for expanding his business taxdeductible generally expanding a business is tax deduct certain rules ifit's qualified for a new trade business

yet to capitalize if it's expanding anexisting trade or business damage normally taxes that i would see youraccount about this to make sure that you're in that second category of ageneral rule is you may ask about the home office office deduction is theirunderstanding of two separate entrance to the room or office to qualify as ahome office to share your thoughts on that you know i heard a number of people saythat to me i'm not quite sure what business you're in we need to escapequickly i don't know there is no rule in the internal revenue code you must havea separate

i don't know where that came from but ithat it does not have the tax ok this is a media as he has its you can figure outwhat it was intense are just rules for mileage deduction applicable to my listadoption and actual insisted the actual expenses method yes need to keep him iwould log you know what part of your expenses are deducted for that a $2,000 and gasoline you can'tlive 2000 miles walks on what percentage business the same things to the irs maynot all your mileage is 54 cents a mile it's your business mileage that you canread or 54 cents more gray rather get some good ones coming in this personjust just started their inspection

business last year and inspections arekind of slow for the first year we're going out and coming in he has an excelspreadsheet using right now as you're okay for this year and using text boxfrom now on yes we didn't i don't know why we don't have to slide on this davidwe need to have this light grey said the government is the biggest booking innorth america and we have some good tax was going to share with you somethingthat i didn't put it in the webinar limit at you ask that question if youstart to this your business has a loss that what the government subsidizes youput that loss in three ways number one you can use that loss against any formof income you have interest dividends

wages and she wants anything let's takean example let's say your spouse makes $50,000 a year job and you have a$10,000 lost the first year in europe inspection business you want to paytaxes on the net which is $4,000 that's one way second place let's say your loss exceedsyour income we didn't have any income you get the carryback or business lossestwo years actually get a refund on the federal and in many cases stategovernment for the last years of taxes but actually get a check and if let'ssay that loss exceeds all your income that he paid for the last year's wipesout all the taxes they pay you then

number-three get to carry forward allbusiness losses up to 20 years and will set the next 20 years of earnings neverleaves documented business deduction and even if you're even and by the way theamount of income you may call you to notice immaterial have a loss you can carryback carry forward it doesn't matter what income to make a play that answersyour question alright person was wondering if they could use apartial room as as entire room has to use an excellent question i r us willaccept a partial room as long as it's

what's elections there's a separateidentifiable area as to what is where the business is conducted you have to beclear and separately identifiable rat and that commingled in person has to bepart of the rooms business but as long as you do that you're okay okay this isan interesting one item in the week ever had this one before since i have avirtual office in another stage just wants one percent of my income for doingbusiness there i have to stop this person is google internet seo searchengine optimization and stuff and i get mail there i g 98% of my businessknowing my home office would i still be seen as doing business in missouri dueto the fact

picked up an address their view and ithink answer is yes yes i don't see any reason to write off more than one officelike companies have multiple offices i don't see why you can't write off yourass about costs related to registering a close to a website that should be wellactually fully tax deductible if it's the register your inspection businessyes ok i guess three more and then i think that wraps up for the day here sothis ones my wife and i need to buy 12 anybody wants description or do anydebate you could point you only need one subscription price a attacks part workson multiple businesses multiple car simultaneously so you can use one youcan use one business school call you

when i'm business say your wife and youcan do it simultaneously he is there's a place called entity you want to makesure that you walking expenses under the correct entity not only did wrong itwhether to drop down you can use it on multiple business model cars in thiscase one human you don't need multiple cats interstate95 ok distresses been using the standardmileage deduction and they were wondering if they could switch to actualextensions yes you can always go from irs tax always going from actual tire sisn't that easy to get a new card business to go back but my rest actualis also available with no problem and

last question here they're wondering iftax but is deductible everything we do is that i am like awalking tax deduction so yes that spot is fully tax deductible all right that's it for questions anyoneof you say some closing remarks to you too close to call turn the time you know the bottom linefolks is you know you want to keep the irs or feedback you want to not have toworry about it on it this is the way to do it if you want something simple easyand fast it doesn't getting here in tax and better really does especially withthe guaranteed unconditional 2000

percent guaranteed rate of return if youwant to something different get a five per se try the other expense tracker heygo for it but do something don't just sit there doing nothing at smoke my pipeautumn on it i doing that i promise it will make your life a lot less taxing okwell thank you sandy it is always enjoyable when you come to our webinarsyou make everything very simple that's what i really enjoy and everyoneattending i'll be sending a recording of the video he said before and thank you or thank you to everyone that staff ontop spot thank you dave cnd and everyone who's attending

see you later bye everybody