@TheSETaxGuy Profile picture

Tyrone Gregory, The Self-Employed Tax Guy

@TheSETaxGuy

On a mission to save the Self-Employed 🔥 and creator of the Self-Employed Tax Academy Online Course💡 Go ahead... shamelessly steal a copy of my 'Cheat Sheet':

Joined October 2014
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🏁🏁 Self-Employment Taxes 101 🏁🏁 Isn't time you beome a master? I'll show you how! Clikch here: bit.ly/2LUZkcv #taxes #gigeconomy #entrepreneur


Client on 10/13/23: Hey can you file an extension for me? Me: What's the point? The deadline is Monday. Client: Okay, do you have everything you need to file? Me: You haven't given me anything. Client: ...


🤣🤣🤣 Yea... your tax bill is only $5k but you'll need to spend $20k to bring it down to zero. Yup... become a digital marketer so you can do that!

Please don't do this



Tyrone Gregory, The Self-Employed Tax Guy Reposted

Reminder 📢: Federal student loans begin accumulating interest September 1st and first payments are due October 1st ⏱️. Prepare your budgets accordingy.


Only on Social Media 🤣

If the tax code is a public document, is there such thing as a “tax secret?” 🤔 #TaxTwitter



Hey #TaxTwitter Where is the list of numbers that I can choose from? I would like to choose the max allowance if possible.

TheSETaxGuy's tweet image. Hey #TaxTwitter 
Where is the list of numbers that I can choose from?

I would like to choose the max allowance if possible.

#TaxTwitter I just had an epiphany... The reason most business owners don't want bookkeeping is because it holds them accountable. No more "same as last year". No more getting random numbers from the ceiling tiles. They can't escape the numbers. 🤔


#TaxTwitter please help: 2019 K-1 = $173,182... 2019 Sch E = $46,981 There are no other entries on the Sch E. No loss carry overs. Where did the $126,201 go?


Saving money is a form of making money. Therefore, please note that a lot of those social media tax strategies actually cost you more than they save you.


Tyrone Gregory, The Self-Employed Tax Guy Reposted

Stop. Telling. People. Who. Are. Good. At. Something. To. Start. A. Business. SERIOUSLY. The best technicians are not automatically good business owners and we got folks out here killing themselves for the sake of “financial independence” instead of getting PTO and a 401k


Tyrone Gregory, The Self-Employed Tax Guy Reposted

Dunno who needs to hear this, but just because you didn't get a tax document for it doesn't mean you don't have to report it on your tax return. #TaxTwitter (I'm kidding. I know EXACTLY who needs to hear this.)


Ok #TaxTwitter I've officially seen it all. A 1065 prepared for a SMLLC with the exact same income and expenses reported on a Sch-C for the same exact business. The P&L had gross receipts of $50k, but both the 1065 and Sch-C of $80k with no further explanation.


Here you go #taxtwitter... another reason your clients should appreciate you and all that you do!

TheSETaxGuy's tweet image. Here you go #taxtwitter... another reason your clients should appreciate you and all that you do!

Today on another episode of: Things They Didn't Tell You

🗣 Stop buying cars in the name of your business when all you do is commute. #TaxTwitter



If you can... do it. If you cannot... don't. But at the same time... if you can't - why not?

If I see one more "poor people are poor because they won't take a chance on investing" tweet, I'm going to lose it. I grew up in a financially insecure household. You know why we didn't invest? Because we had to eat and pay to keep the lights on. Stop with the nonsense.



Welcome to another episode of: Things they will not tell you.

Hey influencers, When that fashion brand or jewelry designer sends you a “free gift” for you to promote, remember that it’s actually not free. Any item that you receive from a brand in exchange for a review must be claimed as income using their fair market value.



Indeed!

I need to print this out and hang it in front of me at my desk. I can't count the number of times the perfectionist in me has kept me from either starting something or finishing something and moving on.

cbriancpa's tweet image. I need to print this out and hang it in front of me at my desk. 
I can't count the number of times the perfectionist in me has kept me from either starting something or finishing something and moving on.


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