Deductible Business Expenses

truck they literally roll $25,000 out to their local Chevy company for the lease that means they take the 25 grand away from the hundred grand that they made on the year correct and they have 75 thousand dollars of income left and that's what they would then potentially get taxed on correct before personal deductions and other items correct right I just want to break this down into very simple terms because there's so much confusion over everything related to taxes plain and simple so what our goal today is is to help clear some of that up we're not going to answer everybody's questions but I want these guys to have a path so that when they talk to their accountant because I interviewed you this is what the things that you guys need to understand I actually interviewed your dad i sat here with him and as a business owner I was I was determining who I was going to work with and he answered questions so you guys be picky because this is the dude that your accountant is to do there's a huge huge part of your financial success yep because when it comes to taxes when it comes to accounting the rules are in black and white but the interpretation of those rules are in gray and that may sound iffy but here's the thing Tim did not use you Tim's my manager he did not use you he went to a different accountant and he's like I gotta spend three grand paying taxes this year and I don't have it I remember this conversation I had with him 10 years ago and I says who are you using and he was used an ancient or black or somebody I don't remember but you remember this right um not completely but I know we were speaking on and so then I'm like use my accountant and so then he came to was your dad or UI my dad at first yeah it was your dad and your dad did the same taxes and Tim didn't owe anything agent our block guy said he owed 3 grand your dad recalculated they're all the numbers ran them he didn't know anything no it's my if timid state with that same accountant originally ten years later Tim would have spent an extra thirty thousand dollars in taxes that he didn't have to but because he went to an accountant that understood his business understood his personal situation understood where he was at he was able to maximize the deductions minimize the amount of money that you had that he had to spend in and that's thirty thousand bucks that went into his pocket that he's reinvesting into his business instead of writing a check over to the IRS and when I say the rules are in…