The Affluent Entrepreneur Show Mel H Abraham, CPA, CVA, ASA

 We're diving into a topic that might not be the most exciting, but it's definitely something we can't ignore: taxes. It's easy to feel overwhelmed by the tax process, but understanding a few key things can help ease that stress and even save you money.

In this episode, I’m gonna give you the lowdown on some tax basics. I'll talk about how the tax system works and what you need to know to make sure you're not leaving any money on the table. I'll also dive into what kinds of things you need to account for, like income, property, and other sneaky taxable items.

So, get ready to learn some valuable tips that will help you keep more of your hard-earned money in your pocket. Trust me, this is one topic you don't want to overlook!

IN TODAY’S EPISODE, I DISCUSS: 
The basics of how taxes work & using it to your benefitThe difference between a deduction and a tax creditKey moves to consider before the tax filing time 
IRS Code Section 179: How does it work?Retirement plans - How maximize them before filingOther strategies for reducing the tax burdenThe benefits of working with a tax professional

RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
What everyone needs to know about crypto taxesHow one client saved $24k on their taxes by becoming an S CorporationHow Entrepreneurs Really Build Wealth!Should You Convert Your IRA to a Roth IRA?TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com 

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group: https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Go to AskMelNow.com to let me know how I can serve you and your financial journey

Are you investing in cryptocurrency? Do you know that you may be subject to taxes on your investments?  

Join me in this episode as I dive deep into the topic of crypto taxes. From capital gains to income taxes, I’ll cover the different types of taxes you need to know about. Plus, I’ll provide you with useful tips on how to properly report your crypto earnings to the IRS.

Whether you're a crypto pro or just dipping your toes into the digital asset world, this episode is a must-listen to ensure you're on top of your tax game. Don't miss out on this valuable information – tune in now!
IN TODAY’S EPISODE, I DISCUSS: 
Taxable and non-taxable crypto transactionsUnderstanding capital gains in cryptoThe importance of third-party software for crypto taxesRECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
Do this before you file your 2022 tax return...How one client saved $24k on their taxes by becoming an S CorporationHow Entrepreneurs Really Build Wealth!Should You Convert Your IRA to a Roth IRA?TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com 

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham
GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Go to AskMelNow.com to let me know how I can serve you and your financial journey

 It's time for another exciting episode of Money Mentoring Over Coffee, where we get down to the nitty-gritty of all things finance and provide you with expert advice. We've got interesting questions pouring in through our hotline at AskMelNow.com, and we're ready to tackle them all. 

Get ready for a no-holds-barred conversation about financial security, emergency funds, and so much more. This episode is all about making sure you’re properly equipped to handle your money and stay on top of the financial game.

Whether you're just starting out on your financial journey or you're a seasoned pro, there's always something new to learn when it comes to personal finance. So, sit back, relax, and let's dive in!

If you've got questions of your own, make sure to hit me up on my question hotline at AskMelNow.com.
IN TODAY’S EPISODE, I DISCUSS: 
Should I pay off my credit card with a HELOC?Investing in private lending with a personal guaranteeDivorce and money issues can haunt youIs doing a franchise a good idea for investing?The importance of communication when it comes to moneyWhere should I be putting my emergency fund?Buying a house with roommatesIs it better to save for retirement or a house?My thoughts on student loansAnd so much more…RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
Building Wealth in a RecessionCreating a Wealth Mindset For Success ft. Brad BizjackCreating Wealth & Freedom Through Acquisitions ft. Nick BradleyYour Financial Advisor May Not Be Telling You the Truth!TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com 

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group
https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Go to AskMelNow.com to let me know how I can serve you and your financial journey

As an entrepreneur, you have the opportunity to structure your business in a way that makes the most sense for you. But with so many options available, it can be difficult to know which one is right for your specific situation. Should you be an LLC, a sole proprietorship, or an S Corporation? 

Well, it depends on your situation and in this episode I'll break it all down for you.
I'll walk you through the math and give you a worksheet to help you see if S Corporation is right for your business. 

So if you're looking to cut down on your tax bill or just want to improve your overall tax strategy, you're in the right place. Hit that play button, and let's dive right in!
IN TODAY’S EPISODE, I DISCUSS: 
The different types of business entitiesImportance of having a good tax strategy for your businessThe best time to switch to an S CorporationRECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
How to Go from Job to Entrepreneur with Amy PorterfieldHow Entrepreneurs Really Build Wealth!Your Business Is a Bad Wealth PlanShould You Convert Your IRA to a Roth IRA?RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
How to Go from Job to Entrepreneur with Amy Porterfield
https://youtu.be/YfmxJ3Za_acHow Entrepreneurs Really Build Wealth!
https://youtu.be/u-TFVlM5ufYYour Business Is a Bad Wealth Plan
https://youtu.be/hGrNLWKK8doShould You Convert Your IRA to a Roth IRA?
https://youtu.be/IWKQnPaXofwTAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com 

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Go to AskMelNow.com to let me know how I can serve you and your financial journey

Are you tired of the daily 9-5 grind and ready to call the shots as your own boss? If so, buckle up because today's episode is one you won't want to miss!
Join me as I delve into a fascinating conversation with my friend, Amy Porterfield, about her upcoming book, Two Weeks Notice, which offers advice for anyone considering making the leap from corporate life to entrepreneurship. Amy will take us on a journey through her experiences and the lessons she learned along the way, giving us a behind-the-scenes look at what it takes to become your own boss.

Amy is a leading expert in online marketing, who has successfully built a multi-million-dollar digital course business. She is passionate about empowering new entrepreneurs to take control of their finances and turn their knowledge, ideas, and skills into profitable online businesses.
So, if you're ready to take control of your finances and live your entrepreneurial dreams, hit play, and let's get started!

IN TODAY’S EPISODE, I DISCUSS: 
Amy's own journey from corporate life to entrepreneurshipThe common challenges faced by those making the transitionThe importance of having a clear business planCONNECT WITH AMY:
Visit her website: www.amyporterfield.com
Listen to her podcast: amy-porterfield-podcast
Pre-order her book and get a bunch of bonuses: Two Weeks Notice
RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
Stop Your Fears From Stealing Your Financial Dreams!Why Financial Freedom Needs to be a MUST For YouHow Entrepreneurs Really Build Wealth!How to Go from Job to EntrepreneurTAKE THE FINANCIAL FREEDOM QUIZ
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  
OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/


CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham


GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Go to AskMelNow.com to let me know how I can serve you and your financial journey

For sure, financial freedom is a top priority for all of us. And, who wouldn't want that peace of mind and security that comes with having control of their finances? But the thing is, it's not just about having a high income or a big bank account. It's about having the right habits.
That's why I've developed my own framework that helps you make the switch from the habits that are holding you back to the ones that will propel you forward. By taking action and changing your habits, you'll be on your way to achieving financial freedom and the peace of mind that comes with it.

Trust me, this episode is packed with practical advice and actionable steps that will help you make the change. So, don't wait any longer, seize this opportunity and take the first step toward your financial freedom!

IN TODAY’S EPISODE, I DISCUSS: 
The change motivators that will help you take actionThe steps you can make to stick to habits that'll bring you financial freedomSix habits to quit & six habits to embrace for financial successRECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
Wealth Habits That Make a DifferenceControl Your Time to Live a Rich Life Breaking Through Your Money Mindset BlocksGoal Setting Doesn't Work...Do This Instead!SUBMIT YOUR QUESTIONS FOR FUTURE EPISODES: www.askMelnow.com
TAKE THE FINANCIAL FREEDOM QUIZ
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham\

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/


Go to AskMelNow.com to let me know how I can serve you and your financial journey