Tax Expert, Founder and CEO of Karla Dennis & Associates Inc. Karla Dennis helps her clients achieve financial freedom through. Schedule a call today ⬇️💰
💡 IRC Section 195 lets you claim startup costs from prior years.
Bought furniture or gear before launching your biz?
You can still deduct it when you start — don’t leave money on the table.
#TaxTips#KarlaDennis#SmallBusiness#TaxStrategy
College isn’t just about where you go — it’s about why you’re going and how you’ll afford it. 🎓
Tuition, books, and fees can add up quickly, so plan wisely! 💡
Your drive defines your success — not the name of the school.
#KarlaDennis#CollegePlanning#MoneyMatters
Why go to college? 🎓
Go because it aligns with your purpose — not because it’s expected.
If your career requires a degree, pursue it.
But remember, college is about direction and growth — not just a job.
#College#CareerAdvice#KarlaDennis
3 ways to lose your QBI deduction 🚫
1️⃣ Go over the income limit without planning
2️⃣ Skip retirement contributions
3️⃣ Mix business + personal expenses
👉 Protect your QBI deduction — watch the full breakdown on YouTube.
#TaxTips#QBI#TaxStrategy#KarlaDennis
3 ways to nail your home office deduction ✅
1️⃣ Dedicated space (no shared areas)
2️⃣ Compare simplified vs. regular
3️⃣ Keep receipts, bills, & workspace photos
👉 Planned prep = audit protection.
#TaxTips#HomeOfficeDeduction#KarlaDennis#TaxStrategy
🚨 3 Tax Traps to Watch in 2025:
1️⃣ 1099-Ks for PayPal/Venmo $600+
2️⃣ Pandemic credits? Gone.
3️⃣ IRS audits rising for $400K+ earners.
👉 Stay compliant—watch my full 2025 breakdown on YouTube.
#TaxTips#TaxStrategy#KarlaDennis
3 tax deductions most owners forget 💡
Self-employed health insurance (self, spouse, dependents)
Vehicle expenses (mileage or actual)
Business meals (50% w/ notes)
👉 Full walkthrough on YouTube—link in bio.
#TaxTips#BusinessOwners#TaxStrategy
3 ways to lock in your QBI deduction 💡
1️⃣ Forecast income early
2️⃣ Use retirement contributions
3️⃣ Pay yourself a W-2 wage if above the threshold
👉 Full strategy → YouTube (link in bio)
#TaxTips#QBI#TaxStrategy#BusinessOwners#KarlaDennis
3 smart ways to save on 2025 taxes 💡
1️⃣ Use the higher standard deduction.
2️⃣ Claim credits still available — Work Opportunity & Energy Efficiency.
3️⃣ Plan ahead for the 2026 tax cliff.
👉 Meet your tax advisor now. When you know better, you do better.
#TaxTips#TaxStrategy
Side hustlers & gig workers — you’re business owners. 💼
💡 You can deduct:
🏠 Home office
📱 Cell phone
🚗 Car
🍽️ Meals
Just make sure to document and keep your finances organized and clean.
#TaxTips#Freelancers#SideHustle#TaxStrategy
Check your financials monthly & quarterly 📊.
Work with a tax strategist — not just a preparer.
👉 Strategy grows wealth. Preparation just reports it.
#TaxTips#TaxStrategy#WealthBuilding
Do you really know your tax preparer’s name? 👀
The name you call them by might not be the one on your return.
👉 Always check who’s signing your taxes — it protects you.
#TaxTips#TaxScam#TaxStrategy#BusinessOwners
🚨 If your tax preparer claims deductions you don’t recognize — stop.
You’re legally responsible for every number on your return.
👉 Saying “my tax preparer did that” won’t protect you.
#TaxTips#TaxScam#TaxStrategy#BusinessOwners
If your tax preparer doesn’t ask for your bookkeeping records or receipts, that’s a major red flag 🚩.
No books = no accurate return.
👉 Always ask: “Did you review my profit & loss statement and balance sheet?”
#TaxTips#BusinessOwners#TaxStrategy
One client rented their home to their LLC under the Augusta Rule:
🏠 $1,500/day x 14 days = $21K tax-free
📉 Saved $15K–$18K in taxes
💡 Tax planning = wealth building.
👉 Don’t just file. Plan.
#TaxTips#TaxStrategy#AugustaRule#Finance
Red flag 🚨: Your tax preparer disappears after filing.
👉 IRS will be tougher if they find issues before you do
👉 Always use a licensed, reliable pro
👉 Your money + identity depend on it
Find problems early. Protect yourself.
#KarlaDennis#TaxTips#IRS#SmartMoneyMoves