EP 037 - Tax Planning for Your First Year in 7 Figures

28/08/2023 32 min
EP 037 - Tax Planning for Your First Year in 7 Figures

Listen "EP 037 - Tax Planning for Your First Year in 7 Figures"

Episode Synopsis

Send us a textEver wondered if you're overpaying taxes as a seven-figure business owner? Imagine transforming your tax fate with strategic planning. This episode is an eye-opener on minimizing your adjusted gross income, leveraging charitable tax planning, and maximizing tax credits. We delve into the nitty-gritty of creating business tax deductions from routine events, thus setting the foundation for long-term savings.Get ready to redefine what you thought you knew about tax deductions! We explore overlooked incentives related to charitable giving and real estate investments, and the power of creating tax deductions that surpass the actual cost. Finally, this episode is a goldmine for real estate developers! From the Employee Retention Tax Credit, Research and Development Tax Credit to Solar Business Tax Credits, we discuss all. Learn how to purchase tax credits from other entities, and how to create long-term tax savings. The cherry on top - we give you a step by step guide on how to create a financial vehicle to take full advantage of these incentives. We also share other creative options to help reduce your tax burden. Listen in and learn the art of successful tax planning.

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