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Business Tax Strategy: From Confusion to Clarity
THE "NEW" COURSE RELEASED ON 12/08/2025 BEGINS HERE
READ THIS IF YOU'RE LOOKING FOR THE "OLD" COURSE...
Welcome & Orientation (Start Here First...Don't Skip These Lessons!)
Your Tax-Savings Roadmap: What You'll Learn (6:39)
How to Navigate the Course (and Get the Most Value) (1:21)
Meet Your Instructor: Navi Maraj, CPA & Tax Strategist (2:27)
NEW: Introducing The Tax Strategy Membership (6:31)
Need Personalized Help? Here's How 1:1 Support Works (0:56)
Two Important Disclaimers Before We Begin (1:54)
Building the Foundation, Part 1: Understanding Taxes (The 90-Minute Tax Bootcamp)
Welcome to the 90-Minute Tax Bootcamp (1:14)
What Taxes is a Business Subject To? (12:18)
Marginal & Effective Tax Rate Calculator
Understanding the Progressive Tax System (and Why It Matters) (9:23)
What Your Marginal Tax Rate Actually Means (3:17)
Calculating Your True Tax Rate (aka Effective Tax Rate) (4:39)
What is the Real Value of a Tax Deduction (3:48)
When are Business Owners Supposed to Pay (Estimated) Taxes (3:15)
Legal Entity vs. Tax Classification – What's the Difference? (9:55)
Tax Comparison: Employee vs. Sole Prop vs. S Corp vs. Partnership vs. C Corp (25:04)
Income Tax Return Overview for Sole Prop, S Corp, Partnership and C Corp (12:27)
Income Tax Return Deep Dive
Section Check-In: Understanding Taxes
Intro to Tax Strategies
The Three Phases of Tax Strategies (3:57)
Intro to The Tax Savings Estimator Tool (9:14)
Access the Tax Savings Estimator Tool
Phase 1 of Tax Strategies: Maximizing Deductions Starts Here
The Administrative Home Office (8:06)
Auto: How to Write Off Your Vehicle the Right Way (13:35)
Cell Phone & Internet (4:53)
Meals (2:36)
Travel & Leveraging the Weekend for Leisure (4:26)
Augusta Rule / Board Meetings (3:45)
Hiring Your Kids: The Legal Way to Shift Income (5:09)
Health Insurance Premium Deductions for Business Owners (3:37)
Health Savings Account (HSA): Tax Free Medical Expenses (3:32)
Health Reimbursement Arrangement (HRA): Reimbursements for Tax Free Medical (3:38)
Common Deductions Business Owners Overlook (5:39)
Phase 2 of Tax Strategies: Tax Classification & Salary Optimization Starts Here
Tax Classification & Salary Optimization (17:42)
Phase 3: Retirement – Keep More by Saving for the Future
Retirement Plans for Small Business Owners (9:05)
How Much Will You Save? (Please let me know in the comment section below!) (4:31)
Section Check-In: Intro to Tax Strategies
I Need Your Help With Something Please...
How are you doing so far?
Building the Foundation, Part 2: Understanding Accounting (The 90-Minute Accounting Bootcamp)
Welcome to the 90-Minute Accounting Bootcamp (2:51)
Overview of the Financial Statements: P&L and Balance Sheet (25:11)
The Accounting Equation: The Foundation of Every Business (10:56)
The Chart of Accounts (8:09)
How Journal Entries and T-Accounts Connect to the Accounting Equation (13:15)
Putting It All Together: From Transactions to Financial Statements (13:44)
How the Financials Differ By Business Type (19:39)
Section Recap: Key Takeaways (3:32)
Section Check-In: Understanding Accounting
Implementation Preparation: Setting Up Your Business the Right Way
Intro to Implementation Prep (1:39)
Legal & Tax Considerations When Forming a Business Entity (15:21)
Choosing an Entity Name (4:05)
How to Structure Multiple Businesses for Tax Efficiency (9:57)
Where to Form Your LLC
5 Reasons NOT to Elect S Corp Status (Read Before Deciding)
How to Make the S Corp Election (Form 2553 Walkthrough)
How to Get a Discount on QuickBooks Online (QBO)
Step-by-Step: Creating Your QBO Account (11:30)
Overview of QuickBooks Online Menus and Settings (12:15)
Customizing the Chart of Accounts in QuickBooks Online (18:01)
What to Do If You Already Have a Chart of Accounts (4:08)
How to Link Your Bank Accounts & Track Capital Contributions in QBO (21:00)
Section Check-In: Implementation Prep
Want Support to Ensure You’re Setting Things Up Correctly?
Implementation of Tax Strategies: Step-by-Step Execution Guide
Tax Law Disclaimer (1:50)
The Accountable Plan Strategy Oveview - Deducting Your Auto, Home Office, Cell Phone & Internet (7:31)
How to Complete the Accountable Plan Expense Report (22:04)
Accountable Plan Implementation for Sole Prop (3:45)
Accountable Plan Implementation for S and C Corp (1:22)
Accountable Plan Implementation for Partnerships (5:25)
Accountable Plan Expense Report Bookkeeping in QBO (19:51)
Future Lesson: Auto Deduction Deep Dive
Meal Strategy Overview (6:01)
Meals Implementation (4:22)
Travel Strategy Overview (13:26)
Travel Implementation (3:28)
The Augusta Rule Strategy - Board Meetings / Board of Advisors Overview (S , C Corp and Partnership Only) (11:23)
Augusta Rule Implementation (4:03)
Hiring Your Children Strategy Overview (11:59)
Hiring Children Implementation for Sole Proprietor and Partnership with Parents (6:45)
Hiring Children Implementation for S Corp, C Corp and Partnership with Non-Parents (3:52)
Health Insurance Strategy Overview (2:43)
Health Insurance Implementation Sole Prop (4:57)
Health Insurance Implementation S Corp (10:43)
Health Insurance Implementation Partnership (9:08)
Health Insurance Implementation C Corp (10:39)
Health Savings Account (HSA) Strategy Overview (11:34)
HSA Implementation Sole Prop (3:28)
HSA Implementation S Corp (8:11)
HSA Implementation Partnership (6:54)
HSA Implementation C Corp (2:35)
Section 105 HRA Strategy Overview (13:51)
HRA Implementation Sole Prop (6:53)
HRA Implementation S Corp (7:25)
HRA Implementation Partnership (6:37)
HRA Implementation C Corp (4:44)
DeMinimis Safe Harbor Overview (2:15)
DeMinimis Safe Harbor Implementation (2:48)
Section Check-In: Tax Strategy Implementation
Need Help Implementing This? Your Next Step…
Implementation of Tax Strategies: Payroll
Introduction to Payroll & Owner Compensation (1:05)
How to Pay Yourself as a Sole Proprietor (3:27)
How to Pay Yourself as an S Corporation (8:21)
How to Pay Yourself as a Partner (7:52)
How to Pay Yourself as a C Corporation (7:20)
Paystub Walkthrough: Understanding Your Pay Components (6:44)
Setting Up Payroll in QBO Step-by-Step (20:03)
Payroll Settings: Customizing the Payroll Expense & Liability Accounts (8:07)
Timing of Payroll Deduction Withdrawals (9:42)
Bookkeeping for Payroll in QBO (1:46)
How to Exempt Wages from Payroll Tax Withholding: For Hiring Children Strategy (1:02)
How to Handle S Corp Owner Health Insurance, HSA & HRA in Payroll (19:44)
Section Check-In: Payroll & Owner Compensation
How to Get Help Implementing Payroll and Payroll Strategies Correctly
Implementation of Tax Strategies: Retirement
Introduction to Retirement Plans for Small Business Owners (0:57)
Key Questions Before Choosing a Retirement Plan & Your Plan Options (5:22)
The Individual Retirement Account (IRA) (9:03)
The Backdoor Roth IRA & How it Works (9:37)
The SEP IRA Explained (4:07)
SEP Implementation for Sole Props (6:54)
SEP Implementation for S Corps (3:53)
SEP Implementation for Partnerships (6:24)
SEP Implementation for C Corps (4:23)
The "Roth SEP" IRA (2:11)
The Solo 401(k): Maximize Contributions & Control (9:04)
Solo 401(k) Implementation for Sole Props (21:10)
Solo 401(k) Implementation for S Corps (21:29)
Solo 401(k) Implementation for Partnerships (20:55)
Solo 401(k) Implementation for C Corps (20:08)
Solo 401(k) Implementation for S Corps: Adding Employee Deferral and Accounting for Liability (10:34)
The Safe Harbor 401(k) - Best Plan When You Have Employees (6:55)
Safe Harbor 401(k) Implementation for Sole Props (8:23)
Safe Harbor 401(k) Implementation for S Corps (8:50)
Safe Harbor 401(k) Implementation for Partnerships (10:34)
Safe Harbor 401(k) for C Corps (8:43)
Section Check-In: Retirement Plan Implementation
Need Help Applying These Retirement Strategies in Your Business?
QBO Financial Statement Review
Reviewing the Financial Statements After Recording Expenses (4:11)
Recording and Categorizing Revenue in QBO (1:38)
Reviewing the Financial Statements After Recording Revenue (2:25)
Section Check-In: Understanding Your Final Financial Reports
Paying Taxes the Right Way
Overview: How Business Taxes Are Paid and When They're Due (1:58)
How to Pay Taxes as a Sole Prop (3:56)
How to Pay Taxes as an S Corp (4:49)
How to Pay Taxes as a Partnership (4:32)
How to Pay Taxes as a C Corp (6:41)
Section Check-In: Paying Taxes the Right Way
Bookkeeping Tips
READ THIS BEFORE WATCHING THE LESSONS IN THIS SECTION
What is a Reconciliation and How to Reconcile an Account in QuickBooks (8:27)
Transferring Money To and From Business Accounts (6:17)
Splitting a Transaction between Business and Personal (3:33)
How to Recategorize an Expense? (1:37)
Whoops! I used the wrong account... (3:19)
Course Conclusion
What's Next?
Course Resources & The Tax Strategy Toolkit
Access All Course Resource & The Tax Strategy Implementation Toolkit
Your Next Step if You Want Help Implementing This
THE "OLD" COURSE BEGINS HERE
READ THIS IF YOU'RE LOOKING FOR THE "OLD" COURSE...
Welcome and Orientation!
What Will You Learn? (4:59)
How to Use this Course? (0:45)
About Me (2:14)
Two Disclaimers Before Proceeding (1:28)
Building the Foundation: Part 1 - Taxes
Intro to Building The Foundation Part 1 (1:10)
What Taxes is a Business Subject To? (7:21)
Tax Comparison: Employee vs. Sole Proprietor vs. S Corporation (16:30)
Marginal & Effective Tax Rate Calculator and Tax Brackets
What is a Progressive Tax System? (7:52)
What is a Marginal Tax Rate? (2:41)
What is an Effective Tax Rate? (2:12)
The Value of a Tax Deduction (2:42)
When To Pay Your Taxes As A Business Owner (2:05)
Income Tax Returns for Sole Proprietors & S Corporations (6:47)
Please Read: Section Check In
Tax Strategies
Three Phases of Tax Strategies (1:49)
Intro to The Tax Savings Estimator Tool (5:38)
Download the Tax Savings Estimator Tool
Administrative Home Office (12:30)
Automobile (13:47)
Cell Phone & Internet (4:38)
Meals (3:45)
Travel (6:35)
Hiring Minor Children (6:16)
Health Insurance Premiums (6:56)
Often Missed Deductions (7:56)
Phase 2: Intro to Tax Classification Optimization (1:03)
The Difference between Legal Entities & Tax Classifications (12:18)
Sidebar: When Does an S Corp Make Financial Sense? (8:16)
Salary Optimization and Payroll Matrix (4:05)
Access the Payroll Matrix
Integrating Tax Classification & Salary Optimization into the Tax Savings Tool (12:38)
Sidebar: Multi Member LLC (MMLLC) (8:46)
Phase 3: Retirement (13:06)
How Much Will You Save? (Let me and other students know in the comments.) (3:49)
Section Check In
Building the Foundation: Part 2 - Financial Accounting
Intro to Building the Foundation Part 2 (2:15)
Overview of the Financial Statements: P&L and Balance Sheet (15:03)
The Accounting Equation (15:34)
The Chart of Accounts (6:47)
Journal Entries, T Accounts and the Accounting Equation (9:06)
Putting It All Together (13:32)
Section Summary (2:15)
Section Check In
Implementation: Getting Started
Intro to Implementation (1:17)
Forming Your Business Entity (15:43)
Where to Form Your LLC
4 Reasons NOT to be taxed as an S Corp (Give this a read before making the S Corp election for your LLC)
How and When to Complete a W-9 (5:42)
QuickBooks Online Discount
Creating a QuickBooks Online Account (12:34)
Overview of QuickBooks Online Menus and Settings (12:18)
Customizing the Chart of Accounts in QuickBooks Online (10:02)
Linking Your Bank Account to QBO & Capital Accounts Bookkeeping (15:38)
Transferring Money To and From Business Accounts (6:17)
Section Check In
Implementation of Tax Strategies
Disclaimer: Tax is Law (1:30)
Introduction to The Accountable Plan (5:20)
Home Office, Auto, Cell Phone & Internet via the Accountable Plan (43:20)
Sidebar: S Corp Home Office (4:59)
Sidebar: Autos (7:35)
Meals (8:31)
Travel (12:45)
Hiring Children (31:54)
Healthcare Premiums (4:48)
Contract Labor (23:17)
Business Gifts (6:24)
Whoops! I used the wrong account... (3:19)
Financial Statements After Recording Expenses (7:27)
Bookkeeping for Revenue (2:10)
Financial Statements After Recording Revenue (5:01)
What is a Reconciliation and How to Reconcile an Account in QuickBooks (8:27)
Section Check In
Other QuickBooks Bookkeeping Tips
Splitting a Transaction between Business and Personal (3:33)
How to Recategorize an Expense? (1:37)
Adding an Account or Subaccount to the Chart of Accounts (14:28)
Implementation of Tax Strategies: Payroll
Introduction to Payroll Section (0:51)
Paying Yourself as a Sole Proprietor (4:54)
Paying Yourself as an S Corporation (10:47)
Paystub Walkthrough (8:09)
Setting Up Payroll in QBO (28:50)
Accounting for Officer Compensation and Non-Officer Wages (6:23)
S Corp Owner Health Insurance Tax Savings & Implementation (13:50)
Bookkeeping for Payroll in QBO (6:53)
Section Check In
Implementation of Tax Strategies: Retirement
Introduction to Retirement Section (1:08)
Questions to Answer Related to Retirement (4:08)
Your Retirement Vehicle Options (4:08)
The IRA (4:01)
The SEP IRA (13:02)
The Solo 401(k) (19:45)
Where Deductions Will Appear on Your Tax Returns (4:04)
Adding Employee Deferral in QuickBooks Payroll (4:18)
Bookkeeping for Employee Deferral & Associated Liability (4:15)
Section Check In
Paying Taxes
Intro to Paying Taxes (0:41)
Paying Taxes as a Sole Proprietor (8:55)
Paying Taxes as an S Corporation (9:48)
Paying Taxes as an S Corporation - Bookkeeping & Associated Liabilities (4:33)
Section Check In
Course Conclusion
Closing Thoughts and Feedback
Tax Comparison: Employee vs. Sole Prop vs. S Corp vs. Partnership vs. C Corp
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