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This historic legislation introduces sweeping tax cuts aimed at working Americans, including new exemptions for tips and overtime, expanded deductions for seniors, and incentives for clean energy upgrades. In this video, we break down what’s in the bill, who qualifies, and how it could impact your paycheck, your family, and your future. Whether you're a worker, retiree, or small business owner, this is what you need to know.

00:00 – Introduction
00:53 - QBI Deduction
01:45 – Auto Loan Interest Deduction
02:31 – Trump Savings Accounts
03:36 – No Tax on Tips
04:50 – No Tax on Overtime
05:45 – State & Local Tax (SALT) Cap
08:30 – Tax Brackets & Standard Deduction
09:11 – State Income Tax Exemption
10:03 – QSBS (Qualified Small Business Stock) Tax Exemption
10:33 – Clean Energy Incentives
10:59 – Conclusion

BREAKING: Trump's 'Big, Beautiful Bill' Passed - Major Changes to Tips, Overtime, and Deductions11

Learn how to make sense of your business finances with QuickBooks reports! In this video, we’ll walk you through the most important reports—like the Profit & Loss statement, Balance Sheet, and more—so you can track performance, understand where your money is going, and make smarter decisions. Whether you're a small business owner, freelancer, or just getting started with QuickBooks, this guide will help you unlock the full power of your financial data in one easy-to-follow tutorial.

00:00 - Intro
00:04 - Profit & Loss Report
04:30 - Balance Sheet
06:01 - Accounts Receivable Aging Summary
07:04 - Accounts Payable Aging Summary
08:02 - Cash Flow Statement
09:08 - Outro

Unlock the Power of QuickBooks Reports: Profit & Loss, Balance Sheet & More!

📜 𝐓𝐡𝐢𝐧𝐤𝐢𝐧𝐠 𝐚𝐛𝐨𝐮𝐭 𝐩𝐮𝐭𝐭𝐢𝐧𝐠 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐢𝐧𝐭𝐨 𝐲𝐨𝐮𝐫 𝐥𝐢𝐯𝐢𝐧𝐠 𝐭𝐫𝐮𝐬𝐭? Think again. In this video, we break down 3 common assets that 𝐬𝐡𝐨𝐮𝐥𝐝 𝐍𝐎𝐓 𝐛𝐞 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 in your revocable living trust—and explain exactly why they could cause legal, tax, or financial headaches. Whether you're creating a trust for the first time or reviewing your financial plan, this guide will help you avoid costly mistakes and protect your legacy.

𝐖𝐡𝐚𝐭 𝐲𝐨𝐮 𝐍𝐄𝐄𝐃 𝐭𝐨 𝐤𝐧𝐨𝐰 𝐚𝐛𝐨𝐮𝐭 𝐚 𝐑𝐞𝐯𝐨𝐜𝐚𝐛𝐥𝐞 𝐋𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭: https://www.youtube.com/watch?v=FD9ohXw_Px8

0:00 - Intro
00:23 - #1: Vehicles
02: 32 - #2: Retirement Accounts
03:44 - #3: Life Insurance
04:51 - Outro

3 Things You SHOULD Never Put in a Living Trust

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Client Testimonials

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Sullivan and Grantham

Consulting, tax and outsourcing services.

Sullivan and Grantham

3 days ago

youtube.com/clip/UgkxB9LTLhha-aJ538SBUTeLtFB2UK03n4J_?si=6OYbA3Uul1Bx96UT𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐡𝐞𝐫𝐞: youtu.be/uv2zMf0i0-k𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐚𝐭: www.facebook.com/share/g/16MsU1E1Qi/💼 𝟑 𝐐𝐮𝐚𝐥𝐢𝐟𝐢𝐞𝐝 𝐔𝐬𝐞𝐬 𝐟𝐨𝐫 𝐓𝐫𝐮𝐦𝐩 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬Trump Accounts are designed to give the next generation a financial boost—with three qualified ways to use the funds when the time is right. It’s a smart step toward building a stronger future. 🇺🇸✨ #TrumpAccounts #MAGAAccounts #BabyBonus #SmartInvesting #FamilyFinance #529Plans #RothIRA #WealthBuilding #FinancialFuture #ParentingTips #2025Finance #TaxDeferred #EducationSavings #2025Finance #FinancialPlanning #TaxFreeSavings #ChildSavings #FinancialFreedom #SmartSaving #TaxPlanning ... See MoreSee Less

✂️ 3 Qualified Uses of Trump Accounts

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31 seconds · Clipped by Sullivan & Grantham, PLLC · Original video "MAGA vs. 529 vs. Roth – Best Investment Plan?" by Sullivan & Grantham, PLLC

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Sullivan and Grantham

4 days ago

youtube.com/clip/UgkxnyAOtYKmn044J6m5ceifOso276XGCR1N?si=B_KTs3v0iLChVfFG𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐡𝐞𝐫𝐞: youtu.be/oB94MVmRc0A𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐚𝐭: www.facebook.com/share/g/16MsU1E1Qi/✅𝐒𝐭𝐚𝐲 𝐨𝐧 𝐓𝐨𝐩 𝐨𝐟 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐏𝐫𝐨𝐟𝐢𝐭 & 𝐋𝐨𝐬𝐬 𝐑𝐞𝐩𝐨𝐫𝐭!✨Want a quick snapshot of how your business is doing? The Profit & Loss report in QuickBooks Online shows your income, expenses, and net profit in just a few clicks—helping you stay on top of your finances, make smarter decisions, and prep for tax time with confidence. 📈💼#ProfitAndLoss #QuickBooksOnline #SmallBusinessTools #BusinessAccounting #SmallBusinessFinance #Bookkeeping #QBOTips #TrackYourMoney #SmallBusinessTip #QBO #AccountingHelp #MoneyManagement #QBOTutorial #FinancialReports #QuickBooksReports ... See MoreSee Less

✂️ Profit & Loss Report in QBO

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45 seconds · Clipped by Sullivan & Grantham, PLLC · Original video "Unlock the Power of QuickBooks Reports: Profit & Loss, Balance Sheet & More!" by Sullivan...

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Sullivan and Grantham

1 week ago

youtube.com/clip/UgkxPosw3nSGxpvpLM8cK0wbtodIcNCUtFdL?si=XFM3SwNFOH5dVKXe𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐡𝐞𝐫𝐞: youtu.be/4Uch9wwJ2Qs𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐚𝐭: Tax Talk & Wise Tips 🚫𝐊𝐞𝐞𝐩 𝐭𝐡𝐞𝐬𝐞 𝐨𝐮𝐭 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭!🔒Not everything belongs in your trust! 🛑Some assets can create tax issues, legal headaches, or even undo your estate plan. Learn which items to leave out — and why it matters. 💼⚖️🎥 𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐰𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐚𝐧𝐝 𝐥𝐞𝐚𝐫𝐧 𝐰𝐡𝐲 𝐲𝐨𝐮 𝐬𝐡𝐨𝐮𝐥𝐝 𝐤𝐞𝐞𝐩 𝐭𝐡𝐞𝐬𝐞 𝐚𝐬𝐬𝐞𝐭𝐬 𝐨𝐮𝐭 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐭𝐫𝐮𝐬𝐭! #estateplanning #TrustPlanning #MoneyMatters #AvoidMistakes #ProtectYourAssets #SmartMoneyMoves #PlanAhead #livingtrust #financialadvice #ProtectYourAssets #trusts #financialfreedom #taxtips #taxplanning #trusttaxes #estatetaxes #TaxStrategy #AvoidTaxMistakes #WillsAndTrusts #Probate #wealthtransfer #FamilyTrust #wealthmanagement #retirementplanning #financialadvisor ... See MoreSee Less

✂️ Keep These OUT of Your Trust!

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60 seconds · Clipped by Sullivan & Grantham, PLLC · Original video "3 Things You SHOULD Never Put in a Living Trust" by Sullivan & Grantham, PLLC

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Sullivan and Grantham

1 week ago

youtube.com/clip/UgkxHQpIyKRItPIx2JCguThxaf300tliT-s8?si=GdPGIJx-odLaGDyN𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐡𝐞𝐫𝐞: youtu.be/P92ghFRwpBc𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐚𝐭: Tax Talk & Wise Tips✅𝐐𝐮𝐢𝐜𝐤𝐁𝐨𝐨𝐤𝐬 𝐎𝐧𝐥𝐢𝐧𝐞 𝐂𝐥𝐞𝐚𝐧𝐮𝐩: 𝐄𝐝𝐢𝐭, 𝐌𝐚𝐭𝐜𝐡, 𝐚𝐧𝐝 𝐑𝐞𝐦𝐨𝐯𝐞 𝐃𝐮𝐩𝐥𝐢𝐜𝐚𝐭𝐞𝐬✨Ready to take control of your bank feeds in QuickBooks Online?Learn how to quickly edit transactions, match them correctly, and remove duplicates — with real examples that make cleanup simple and stress-free. 💻#quickbooksonline #SmallBusinessTools #BusinessAccounting #smallbusinessfinance #bookkeeping #QBOtips #trackyourmoney #smallbusinesstip #qbo #qbocleanup #bankfeedfix #AccountingHelp #cleanbooks #moneymanagement #QBOTutorial ... See MoreSee Less

✂️ QBO Cleanup: Edit, Match, and Remove Duplicates

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58 seconds · Clipped by Sullivan & Grantham, PLLC · Original video "How to Find and Remove Duplicate Transactions in QuickBooks Online (2025 Update)" by Sull...

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Sullivan and Grantham

2 weeks ago

youtube.com/clip/UgkxDhguLLcqIbTi-MkIJlqfVMttLXwLiy1f?si=trLqX3Pw-4xODnI5𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐡𝐞𝐫𝐞: youtu.be/4Uch9wwJ2Qs𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 𝐚𝐭: Tax Talk & Wise Tips🚗💼 𝐀𝐯𝐨𝐢𝐝 𝐓𝐡𝐢𝐬 𝐂𝐨𝐦𝐦𝐨𝐧 𝐓𝐫𝐮𝐬𝐭 𝐌𝐢𝐬𝐭𝐚𝐤𝐞 𝐰𝐢𝐭𝐡 𝐘𝐨𝐮𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞It seems like a smart move—but it could lead to unexpected costs, legal headaches, and unnecessary complications. Learn why your vehicle might be better off outside the trust. 👀💡𝐂𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐭𝐨 𝐰𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐯𝐢𝐝𝐞𝐨 𝐚𝐧𝐝 𝐝𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐰𝐡𝐲 𝐩𝐮𝐭𝐭𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐜𝐚𝐫 𝐢𝐧 𝐚 𝐭𝐫𝐮𝐬𝐭 𝐜𝐨𝐮𝐥𝐝 𝐜𝐨𝐬𝐭 𝐲𝐨𝐮 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤!⚠️#estateplanning #TrustPlanning #MoneyMatters #AvoidMistakes #ProtectYourAssets #SmartMoneyMoves #PlanAhead #livingtrust #carintrust #financialadvice #ProtectYourAssets #trusts #financialfreedom #taxtips #taxplanning #trusttaxes #estatetaxes #TaxStrategy #AvoidTaxMistakes #WillsAndTrusts #Probate #wealthtransfer #FamilyTrust #wealthmanagement #retirementplanning #financialadvisor ... See MoreSee Less

✂️ What Happens When You Put a Car in a Trust? You Won’t Like It…

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59 seconds · Clipped by Sullivan & Grantham, PLLC · Original video "3 Things You SHOULD Never Put in a Living Trust" by Sullivan & Grantham, PLLC

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