What Is Ordinary Income Tax vs Capital Gain Tax?
This is our first article that we are doing on “How Is My Income Taxed?”. Understanding how different types of income are taxed can be confusing and it is something we see pop up in our Free Facebook Group and Tax Minimization Program all the time. There are three main types of income that we want to focus on and […]
How Are Credit Card Rewards Taxed?
For quite some time now there seems to be a lot of confusion around credit card rewards and the taxability of them. Throughout our our Free Facebook Group and Tax Minimization Program we see this topic pop up so we are taking the time to tackle it now! Before we dig into it, I want to list out different types […]
2022 Tax Rates and Resources
Now that we are past the 2021 tax deadline we wanted to get some information out about the rates and changes for 2022. You can download our full 2022 Tax Resource Guide here. Below is the breakdown of some of the most important ones! 2022 Individual Tax Rates For our purposes we are going to focus […]
How Are My Assets Taxed When I Die?
Lets be honest, I dislike talking about death as much as you but we need to be realistic and understand some day it will come. Okay, enough of the sadness now lets talk about what you need to know so that you can properly plan for your family. If you have not checked out the items […]
What Is A Revocable Living Trust? Why Is It Important for Business Owners?
This is part 3 of our estate planning mini series. If you have not checked our part 1 or 2 yet, do so now! What Is a Last Will and Testament? Why Is It Important For Business Owners? What Is a Power of Attorney? What Healthcare Documents Do I Need In Estate Planning? On this post […]
What Is a Power of Attorney? What Healthcare Documents Do I Need In Estate Planning?
This is part 2 of our estate planning mini series. If you have not checked our part 1 yet, do so now! What Is a Last Will and Testament? Why Is It Important For Business Owners? On this post we invited our preferred Attorney, Andrew M Ayers. If you would like to connect with Andrew […]
What Is a Last Will and Testament? Why Is It Important For Business Owners?
This is part 1 of our estate planning mini series. On this post we invited our preferred Attorney, Andrew M Ayers. If you would like to connect with Andrew or are looking to setup an entity you can contact him directly here. Here is a guest post from Andrew M Ayers: Your Last Will and Testament […]
How Should I Structure Multiple Businesses?
Lets be honest, entrepreneurs are always thinking about new ideas. This is why you often see successful business owners have many different businesses often times even in completely different industries. A question that comes up often in our Free Facebook Group stems around this idea of how to structure your business when you have multiple businesses or […]
When Should I (or Should I Not) Become An S Corp?
First off, if you missed our Blog Post or Podcast Episode last week on “What Is An S Corp?” you will definitely want to check that out as it leads into this one. Also, I just want to let you know that we did an entire series on S Corporations on both our Blog and Small […]
What Is An S Corp?
Before I get started, I just want to let you know that we did an entire series on S Corporations on both our Blog and Small Business Tax Savings Podcast, so if you want to dig deeper from what we discuss today, check that out. Everything You Need To Know About S Corporations We also […]