Uploaded May 2023 | Updated September 2026, 1 week ago
A viewer asks, "A popular luxury watch dealer has been paying his employees by way of paying for the rent for their beach front apartment, and other things like leasing a Corvette for the videographer to use. Is this legal? Can you comment on that from a tax point of view?
By the way, this video is not specifically about anyone in particular, especially Anthony Farrer of The Timepiece Gentleman. Pardon the clickbaity thumbnail ;)
In this video, I’ll discuss... Did Anthony Farrer of the Timepiece Gentleman Avoid Taxes in Paying His Staff? And what you can do if you’re the victim of a disguised wages scheme.
Later in the video, I’ll talk about an interesting story with Donald Trump’s former CFO, and a similar tax avoidance scheme. Keep watching to find out more.
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/tMsjRxcZWiY
youtu.be/J7-l67RKijk
youtu.be/fp8wI5ASZS0
Thanks for watching my video on The Hidden World of Disguised Wages: Unmasking the Truth Behind Taxes
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational
purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based upon this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - The Hidden World of Disguised Wages
00:55 - What is Disguised Compensation or Disguised Wages?
01:57 - Disguised Wages Issue: Payroll Taxes
04:14 - Disguised Wages Issue: Audits and Scrutiny
05:52 - Big News: Donald J. Trump and Allen Weisselberg
06:42 - What to Do if You Feel Like a Victim of a Disguised Wages Scheme
Replay Video Link: youtu.be/Tr9PPZtxr7E
#anthonyfarrer #disguisedwages #timepiecegentleman
A viewer asks, "A popular luxury watch dealer has been paying his employees by way of paying for the rent for their beach front apartment, and other things like leasing a Corvette for the videographer to use. Is this legal? Can you comment on that from a tax point of view?
By the way, this video is not specifically about anyone in particular, especially Anthony Farrer of The Timepiece Gentleman. Pardon the clickbaity thumbnail ;)
In this video, I’ll discuss... Did Anthony Farrer of the Timepiece Gentleman Avoid Taxes in Paying His Staff? And what you can do if you’re the victim of a disguised wages scheme.
Later in the video, I’ll talk about an interesting story with Donald Trump’s former CFO, and a similar tax avoidance scheme. Keep watching to find out more.
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/tMsjRxcZWiY
youtu.be/J7-l67RKijk
youtu.be/fp8wI5ASZS0
Thanks for watching my video on The Hidden World of Disguised Wages: Unmasking the Truth Behind Taxes
Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational
purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based upon this video is accurate.
⏱️VIDEO CHAPTERS⏱️
00:00 - The Hidden World of Disguised Wages
00:55 - What is Disguised Compensation or Disguised Wages?
01:57 - Disguised Wages Issue: Payroll Taxes
04:14 - Disguised Wages Issue: Audits and Scrutiny
05:52 - Big News: Donald J. Trump and Allen Weisselberg
06:42 - What to Do if You Feel Like a Victim of a Disguised Wages Scheme
Replay Video Link: youtu.be/Tr9PPZtxr7E
#anthonyfarrer #disguisedwages #timepiecegentleman
