Here we are in April. Tax Month.
All the CPAs, Accountants, and Bookkeepers are super busy getting the last-minute taxes and extensions filed. People are finding they owe way too much in taxes and are looking for more ideas.
Paying Too Much in Taxes?
Are you looking at your returns and looking to find a better way to pay less . . . . need some ideas.
- Have an LLC and expense everything you can.
- Hire your spouse, your kid, your parent.
- Write off that 2nd Home with the Augusta Rule
- Depreciate Stuff
- Open up a Roth IRA and Contribute (or a traditional one for the tax deduction now and convert it later?)
- Open up a Solo 401k (wow, write off tens of thousands on a traditional and convert it later to Roth)
Byron McBroom from One Stop Tax Strategists joined us in November 2024 at MAREI to share a lot of tips on strategies to reduce taxes, save money, and boost your bottom line. Watch the full meeting replay below, Byron takes the stage about 13 minutes in. He also offered access to a free course that will give you some more ideas, scroll all the way down to the bottom.
Want a meeting with Byron and his team? Email Kim@MAREI.org and we can make an introduction for you.
Tax Essentials Course:
This tax essentials course covers a lot of basics:
- Deductions and How They Work
- Bookkeeping
- Tax Brackets
- QBI
- Employees vs Sub Contractors
- Hiring Your Spouse
- Interest Expense
- Depreciation
- Charitable Contributions
- Lifestyle
- Autos and Auto Expenses
- Opportunity Zones
- Capital Gains
- Life Insurance
- 4 Case Studies
To register for this course (click here) Note this is not instant, we have to put you in their system which could take up to 24 hours. (we strive for way less)
