What the Wealthy Know About Taxes – Savvy or Surrender Podcast (Episode 8)Welcome back to Savvy or Surrender! In this episode, our host Steven Young reveals the tax strategies the wealthy use to maximize their savings and grow their wealth—strategies that most business owners have never been taught. If you want to stop leaving money on the table and start playing by the rules that benefit you, this episode is a must-listen.Timestamps & Topics Covered:00:00 – Introduction: The IRS and Your Intentions01:00 – Why Most Business Owners Miss Out on Tax Savings02:00 – Tax Prep vs. Tax Strategy: What’s the Difference?04:00 – The Wealthy’s Playbook: Entity Structuring (LLC, S-Corp, C-Corp)07:00 – Hiring Your Kids: A Legitimate Tax Write-Off10:00 – The Augusta Rule: 14 Days of Tax-Free Income13:00 – Cost Segregation: Advanced Real Estate Strategies16:00 – Section 179: Writing Off Equipment Purchases18:00 – S-Corp Payroll Optimization: Save on Self-Employment Tax21:00 – Accountable Plans: Reimbursing Personal Business Expenses24:00 – Retirement Strategies: Solo 401k & Defined Benefit Plans26:00 – Energy Credits & Other Opportunities28:00 – Common Mistakes Business Owners Make31:00 – Taking Action: The 360 Tax Assessment33:00 – Closing Thoughts & Next Episode PreviewKey Takeaways:Tax strategy is about being proactive, not just filing paperwork.The wealthy use legal structures and strategies to minimize taxes.Hiring your children, leveraging the Augusta Rule, and cost segregation can save thousands.Don’t commingle business and personal funds—structure matters!A 360 tax assessment can reveal savings you never knew existed.Resources Mentioned:MeetWithSavvy.com – Schedule your 360 Tax Assessment“The 7 Habits of Highly Effective People” by Stephen CoveyConnect with Us:Subscribe for more episodes and tax-saving tips!Leave a 5-star review if you found this valuable.Questions or topics you want covered? Drop them in the comments!Thanks for tuning in to Savvy or Surrender. Stay savvy, and see you next week!#SmallBusinessTips, #TaxStrategy, #BusinessTaxes, #EntrepreneurFinance, #TaxWriteOffs, #LLCvsSCorp, #BusinessStructure, #SelfEmploymentTax, #TaxPlanning, #SmartMoneyMoves@savvytaxes savvyceoalliance.com savvyceoshop.com meetwithsavvy.com

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