Tax season—it’s the thing we all dread but can’t avoid. Yet, when done right, it can be an opportunity to save big while staying within the rules. In this exciting episode of Right About Now with Ryan Alford, we dive deep into the world of taxes with Ryan Moriarty, President of DoneForUTax.com. Ryan shares his journey from tech entrepreneur to tax expert and reveals some brilliant tax-saving strategies you probably didn’t know existed.

Ready to snap necks and cash checks? Let’s go! 💥

From Tech to Taxes: Meet Ryan Moriarty 🖥️💼

Ryan’s career didn’t start in the world of taxes. With a Ph.D. in computer science and 15 years of tech entrepreneurship under his belt, he stumbled into tax services through helping his girlfriend—a travel nurse—with her tricky W2 and 1099 forms. That little act of kindness led to an avalanche of requests, and before he knew it, he was running a full-scale tax service business!

His unique approach? Efficiency and affordability. By leveraging technology, Ryan is able to offer small businesses tax services for as little as $97 a month—while traditional firms charge around $300. 🙌

Know the Rules, Play the Game 🎯

As Ryan wisely puts it, “The taxes, the laws, the rules—if you’re following the rules, you should maximize your tax savings. That’s your right as an American.” 💼🇺🇸 The goal isn’t to dodge taxes but to navigate them smartly. Whether you’re a solopreneur or running a business making under $600,000 annually, it’s all about doing your bookkeeping the right way. And Ryan’s team is here to make sure you don’t pay more than you need to.

Bookkeeping: The Foundation of Tax Success 📊

Ryan emphasizes the importance of good bookkeeping: “Get your bookkeeping done, and the tax filing part is easy.” Too often, people freak out about taxes when the real issue is neglected bookkeeping. That’s why DoneForUTax.com offers a service that automates the process, making sure you’re always up-to-date and ready for tax season.

By using Plaid (a technology that links directly to your bank accounts), DoneForUTax.com reduces the workload by 95%! Now that’s what we call working smarter, not harder. 🔧💡

AI & Taxes: Welcome to the Future 🤖

Artificial intelligence is transforming every industry, including taxes. Gone are the days of manual entry for every transaction. Ryan’s team uses AI to pre-classify 85% of your bookkeeping transactions, cutting down the time required to get your books in order. With these kinds of innovations, you can expect your taxes to be done faster, with fewer errors, and at a fraction of the cost.

Common Tax Myths Debunked 🚫🚗

We’ve all heard about the $150,000 G-wagon write-off, right? 🚘 Well, Ryan’s here to tell you that it’s not as glamorous as it sounds. Sure, you can write off that expensive car, but the second you sell it, any income you gain from the sale will be considered taxable income. In the end, you’re not saving as much as you think. In fact, you’re making yourself less wealthy. 😬

Instead, Ryan suggests investing in real estate—specifically short-term rentals. With the right strategy, you can wipe out a significant portion of your taxable income while building an investment portfolio that grows over time. 🏠💼

Your Tax-Saving Tips 📝💰

Here are some practical tips Ryan shares for business owners:

• Home Office Deductions: Deduct the portion of your home you use for work. It’s a simple but effective way to save.
• Vehicle Expenses: Instead of just taking mileage deductions, track all your vehicle expenses and apply the “actual expense” model. You’ll likely save more in the long run.
• Meals: Yes, even a meal with your spouse can be deducted—as long as you talk business! 🍽️

Audits: Don’t Fear the IRS 🕵️‍♀️

Nobody wants to hear the word “audit,” but with DoneForUTax.com, you don’t have to fear it. They’ll help you respond to any IRS inquiries and ensure that your books are in order. Most audits are nothing more than requests for additional information, and with the right support, they’re easily handled.

Ready to Save on Your Taxes? Let’s Talk! 💬

If you’re a small business owner or solopreneur looking to save time and money on your taxes, it’s time to give Ryan Moriarty and his team a call. Visit DoneForUTax.com to get started. You can also connect with Ryan on Instagram at @ryanjmo. Don’t let taxes stress you out—there’s a smarter way to handle them, and it’s just a click away.