RECORDED: Larry Weinstein, CPA aka “The Tax Terminator” shares WORKING FROM HOME and HOME BUSINESS tax tips!

See below to review the specific questions the “Tax Terminator” answered.

Larry Weinstein, CPA aka “The Tax Terminator” shares WORKING FROM HOME and HOME BUSINESS tax tips!

Join attorney Mitch Jackson and Certified Public Accountant, Larry Weinstein, in their recorded Facebook Live. Learn what records you need to keep, what deductions you can take and get your working from home, home business, and employer/employee tax questions answered.

Watch the recorded show right here!

Get Larry’s Tax Checklist that we mentioned at the end of the show, “Legal Tax Minimization Strategies for Business Owners.”


Questions Asked and Discussed:

Question #1: Larry, the government just announced this week some tax filing changes that affect all Americans. What happened and how does that affect people working from home and small business owners?

Question #2: What are the most popular “working from home” business expenses and deductions our audience members should pay attention to? How can they position themselves to maximize these deductions? What type of documentation do they need to support these deductions on their tax returns?

Question #3: If you’re a paid employee working for a big company, and you’re told to work remotely from home, what can you, or your employer do, to maximize their tax benefits?

Question #4: Can people working from home deduct a portion of their rent, or mortgage payment, as a business expense? If so, under what circumstances?

Question #5: What’s the biggest tax saving related mistake you see people working from home, including home based businesses, make over and over again?

Question #6: Do you see any additional tax changes for people working from home? If so, how can we prepare for these?

Question #7: Let’s say you’re working from home and taking advantage of most, or all of the things you shared today. What additional steps can be taken, this month, to help minimize taxes and maximize long term profits (incorporation, LLC, deductions, retirement plans/compound interest/defer or avoid taxes on interest…).


More info…

Larry will provide specialized tax advice for people working from home and small business owners. He’ll also share specific tips relating to employees working at home because of the Coronavirus and answer your working from home tax and business questions.

Both Larry and Mitch will discuss the new COVID-19 related business tax issues, regulations and laws and the unique needs working from home employees, and owners of small and large businesses, have when it comes to strategic tax plans.

Several goals of our live video include sharing Larry and Mitch’s combined 60+ years of law and accounting, to help you:

  • Make smart business decisions that protect your interests;
  • focus on uncovering hidden tax reductions opportunities to put more money in your pocket, where it belongs;
  • and help you maximize business deductions to minimize taxes and eliminate tax overpayments

Watch and share here

Get FREE Answers To Your Coronavirus Legal Questions

For the next couple of weeks, I’ll be answering your Coronavirus legal/biz questions for free. I shared this video on Twitter earlier today and it explains the details.

Have a question. Ask it here! 

#covid19

This Week’s “Work From Home” Tips and Resources

Join me for a quick beach run and chat…

This week I’m sharing several new posts and interviews to help people who are working from home because of the Coronavirus. For those of you who are professional speakers and event planners, there are several resources for you too. Please share with those who could use this information. Thanks!

AgoraPulse video interview (Coronavirus, speakers and working from home) with AgoraPulse, Mike Allton, Jennifer Watson, Erin Gargan King and Brian Fanzo

CORONAVIRUS, CONFERENCES, AND LIABILITY- Tips for Speakers, Event Holders, and Attendees (blog post) via Mitch Jackson

COVID-19: Navigating the Coronavirus as a public speaker (podcast) with Ryan Foland

8 Tips for Working From Home (Twitter thread) via Mitch Jackson

Social Media Agency and Speaking Legal Issues (video interview) with Jim Fuhs and Tim Sohn

Casual Friday’s Podcast- Coronavirus business update (podcast) with Tyler J. Anderson of Casual Fridays

9 Legal, Business and Entrepreneurial Tips to Help You Start and Build Your Online Business (blog post) by Mitch Jackson

California employer/employee Coronavirus employment rights- Top 10 questions and answers

“The coronavirus. A love letter” from Mark Schaefer

8 TIPS FOR WORKING FROM HOME

I hope you find these 8 tips helpful (Twitter thread)

CORONAVIRUS, CONFERENCES, AND LIABILITY- Tips for Speakers, Event Holders, and Attendees

If you’re an individual or company that owns, manages, or controls a conference or event, you owe everyone involved, a legal duty of due care not to subject attendees, speakers, and those working at the event, to an unreasonable risk of harm. What this means is that you have an obligation to provide a safe conference environment and, to warn people of known or reasonably discoverable dangerous conditions.

I did a quick search in CaseText (AI based legal research service) and instantly found thousands of cases where conferences and events have been held liable for subjecting people to an unreasonable risks of harm. Full transparency, I’m a brand ambassador for CaseText because it’s awesome!

Just like the cases I found where conferences were held liable for exposing their attendees to dangerous conditions, I think the same argument applies to those conferences that create an environment that exposes people to unhealthy situations, including harm or death from the Coronavirus (COVID-19).

And I’m not alone. For both legal, ethical and health safety reasons, thousands of small and large conferences around the world have been delayed or canceled because of the Coronavirus.

Arnold Schwarzenegger’s rescheduling of his Sports and Fitness Festival is a good example of what’s happening right now. Watch the video.

On Friday, the City of Austin cancelled the March SXSW event. Here’s a list from Thursday’s USA Today, sharing other canceled or rescheduled events.

Continue reading “CORONAVIRUS, CONFERENCES, AND LIABILITY- Tips for Speakers, Event Holders, and Attendees”

INFLUENCER MARKETING FTC UPDATE (FEB 18, 2020)

I’m a big fan of influencer and brand ambassador marketing. Having said that, it’s important everyone follow the rules.

On February 12, 2020, the Federal Trade Commission (FTC) indicated it’s going to crack down on making sure influencers, agencies, companies and brands, follow the rules and regulations when it comes to influencer marketing and advertising. Here are my thoughts on Commissioner Chopra’s comments  and, several resources to help you and your team stay safe and sound.

Related Resources

How Brands Can Protect Themselves When Using Influencers (part 1 of 3) 

How Social Media Agencies Can Protect Themselves When Using Influencers (part 2 of 3) 

How Influencers Can Protect Themselves When Engaging in Influencer Marketing (part 3 of 3) 

21 Clauses That Should Be In Every Influencer Marketing Contract (Podcast Interview) 

Influencer Marketing Business/Legal Tips for Brands, Agencies and Influencers!

Influencer Marketing- Tips for Influencers, Social Media Agencies, Brands and Consumers (article)

Directly from the FTC: “Disclosures 101 for Social Media Influencers”