Avoid These 10 LLC Mistakes in 2025
Are you starting an LLC? A Limited Liability Company (LLC) is a business structure that combines the flexibility of a sole proprietorship or partnership with the legal protection of a corporation. Basically, it helps separate and protect your personal assets from your business liabilities, which can be a huge advantage if something goes wrong. Here’s […]
Trump’s Tax Cuts Are Expiring in 2025 (What It Means For Your Business)
In 2017, the Tax Cuts and Jobs Act (TCJA) was passed by the Senate and signed into law by President Donald Trump, introducing major tax cuts for individuals and businesses. Many of these tax breaks are set to expire at the end of 2025 unless Congress extends them. For small business owners, this could mean higher tax bills in […]
Beware of Hidden Built-In Gain (BIG) Taxes When Transitioning to S Corporation
Converting to an S Corporation can be a super powerful strategy and one that we talk about with business owners on a daily basis. However, if you are converting from a C Corporation, there is one “BIG” tax you need to consider. For those of you who do not know what an S Corp even is or […]
Tax Q&A: Short-Term Rentals, 1099 Confusion, Entity Conversions, and Creative Tax Strategies
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast to […]
Introducing the Small Business Tax Savings Handbook
After months of writing, refining, and pouring everything I know into these pages, my new book—Small Business Tax Savings Handbook: How to Save on Taxes While Growing Your Business and Wealth—is finally live. This isn’t just another tax book. It’s a game plan for small business owners who are tired of overpaying taxes and ready to take […]
Build Your Own Family Office—Start Saving Taxes and Building Wealth Today!
Think family offices are only for billionaires? That’s what most people assume—and they’re dead wrong. Sure, the Rockefellers and Bezos of the world have teams managing their fortunes, but what if I told you that the same principles could work for everyday business owners like you? Today, I’m showing you how to build your own […]
Tax Questions Answered: Vehicle Deductions, Entity Structure, WOTC Compliance, and More!
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast to […]
Tax Questions Answered: Vehicle Deductions, Entity Structure, WOTC Compliance, and More!
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast to […]
Master Tax Loss Harvesting: Maximize Your Savings Today!
When it comes to investing, it’s not just about gains – smart investors also know how to leverage losses to minimize taxes. That’s where Tax Loss Harvesting comes into play. In this post, we’ll cover everything you need to know about this strategy, including how to avoid the dreaded Wash Sale Rules that can trip up even seasoned investors. […]
What Year-End Tax Strategies Are Available to Business Owners?
Before you know it 12/31/24 will be gone and we will be onto 2025. One thing we talk about often is that once the clocks turns to 1/1 a vast majority of tax strategies are no longer available. Today we are going to go through some of the top strategies you want to be thinking […]