Do You Pay Too Much In Income Taxes?
Do You Pay Too Much Income Tax?
- Does your current accountant come to you with proactive concepts and strategies for saving money?
- Do you know how to turn your hobby into a viable business?
- Do you know how to rent your home out to your business and collect tax free income?
- Do you know how to write off your family's medical bills as a business expense?
- Did you realize that you can hire your children or grandchildren to shift income from yourself to them?
- Do you have a plan for maximizing taxes, or do you just pay what you think you owe and dream that maybe next year it will be different?
If you don’t know the answers to these questions, then you are in the right place. Over the past 20 years, we have been asked many times:
“How can I stop paying so much money in taxes?”
The short answer is:
“You lose every time you spend after-tax dollars that could have been pre-tax dollars.”
While there are a number of ways you too can stop paying so much money in taxes each year, it is really just a matter of knowing what’s out there and taking advantage of it.
THE ULTIMATE TAX SHELTER IS:
OWNING YOUR OWN BUSINESS
The number 1 way to reduce your taxes with a smile is to convert your personal expenditures into allowable deductions. Turn yourself into a business owner and cut your taxes. Even turning a hobby into a business will cut your tax bill
It’s almost that simple.
This is part of what I call the ultimate tax strategy—that of converting personal expenses into legitimate business expenses. To win this game, you must own your own business. This is not complicated, expensive, or difficult to do, and incorporation is not necessary.
Does your current tax accountant tell you about these tax savings strageties?
What Kind of Business You Can Start
Should you start your Business as an LLC
Renting Your Home to Your New Business
How to Have Your Business Pay for Your Vacation Home
How to Hire Your Kids to Work in Your Business
Make Magic with a Medical Expense Reimbursement Plan
How to Deduct Your Swimming Pool and Other Home Improvements
Creating More Business Meal Tax Deductions
Special Needs Education Can Qualify as a Business Expense
Your Emotional Support Animal Take a Bite Out of Your Taxes
Turbocharge Your Retirement Savings with an HSA
If you would like to discuss how you too can stop paying too much in income taxes, please don’t hesitate to call me on my direct line at 480-696-0375.