MYM #53 Jake From Taxbot – Are You Prepared For a Tax Audited?

It’s Jake… Jake from Taxbot. Jake share all the benefits that Taxbot has to offer and more. He shared how Taxbot when used probably can make an audit painless. Shared about some of the Tax deductions that are allowed for businesses or side hustles.

I shared how Taxbot make my life easier because it makes my wife happy. Taxbot is a must have in my opinion if you have a business especially a side hustle. It just makes things easier.

Jake also shared some great insights for entrepreneurs and side hustlers!





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Show Notes and Key Takeaways

  • Jake has a couple of side hustles but his main gig is running a company called Taxbot which helps entrepreneurs track their expenses and mileage and also help them stay out of trouble with the IRS
  • He grew up in a family that owned his own businesses and Jake was able grow up living the entrepreneur experience through his dad and that was what he wanted to be when he grew up.
  • If you can learn how to legally pay less taxes that is when you can start to live a better life. There are two tax systems in this country one for business owners and one for employees.
  • Taxbot has made my wife happy and that makes my life easier.
  • Accounting software doesn’t keep you out of trouble with the IRS. Taxbot meets the compliance guidelines of the IRS.
  • The IRS won 88% of audits last year and the number one expense was mileage logs. They know that most people aren’t doing them right. With Taxbot you will do them right. Taxbot could be like audit insurance not because it will prevent them. It will just make to where you have everything buttoned up and you don’t have to worry
  • Taxbot Midas teaches you about different deductions and how to take them properly and get them most out of them. These different deductions could save you thousands of dollars a year – every year
  • Entrepreneurs are risky but they take calculated risk and are good with the outcome whether it is a success or failure. They will learn something either way.
  • If you setup a business and you set it up right, you should be able to find $10,000 in tax saving your first year.
  • Make your life less taxing with Taxbot!