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Ep. 139 | Keep More of Your $150K+ Business Income
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Keep More of Your $150K+ Business Income: Tax Strategies That Work | Teaching Tax Flow Ep. 139
Chris and John break down essential tax strategies for business owners earning over $150,000 annually. Learn how to legally reduce your tax burden and keep more of your hard-earned income through proven planning techniques.
KEY TAKEAWAYS:
• Why $150K is the strategic planning threshold for business owners
• Home office deduction: Your gateway to deductible business miles
• Retirement plan contributions: Keep your money while reducing taxes
• Income shifting strategies for family members
• S-Corp election: When the pizza buffet analogy makes sense
EPISODE BREAKDOWN:
• Understanding Marginal Tax Rate vs. Tax Brackets
• Behavioral Tax Strategies (No Additional Cost Required)
• Home Office Deduction Benefits & Requirements
• Retirement Planning for Business Owners
• Family Income Shifting Opportunities
• S-Corporation Election: Pros, Cons & Pizza Buffets
• Advanced Strategies for $500K+ Earners
BEHAVIORAL STRATEGIES COVERED:
• Home office deduction optimization
• Strategic retirement contributions
• Family member employment planning
• Proper record keeping and tracking
DON'T FORGET... Here's our favor to ask of you
Step #1 - Subscribe to our YouTube Channel
Step #2 - Join our private Facebook Group
Step #3 - Visit the TTF HUB
Also, check this out, "Teaching Tax Flow LIVE: Tax Strategies for $150K+ Business Owners"
SPONSORED BY:
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Special TTF discount at https://www.teachingtaxflow.com/reps
Use code IFG for a discount!
- (00:02) - Tax Strategies for Business Owners Earning Over $150,000
- (10:02) - Maximizing Tax Benefits with Home Office Deductions
- (12:57) - Behavioral Strategies for Retirement Plan Contributions and Tax Savings
- (15:08) - Tax Efficiency Through Income Shifting and Strategic Planning
- (21:27) - Understanding S Corp Elections Through a Pizza Buffet Analogy
- (24:15) - Tax Strategies and Compliance for High-Income Earners
- (29:36) - Tax Planning Resources and Community Engagement
141 episodes
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