Listen to the Podcast Here: 12. The Most Overlooked Way for Business Owners to Save Money on Taxes It seems like business owners are always looking for ways to save money on taxes. Running a business takes a lot of time and effort and you want to keep as much of your hard-earned money in […]
Listen to the Podcast Here: 11. Tax Implications for S Corp Business Owners If you’re a business owner who takes W2 wages from your S Corporation, that may not be your only taxable income. An S Corporation (S Corp) is a pass-through entity for tax purposes. What does this mean? It means that the net […]
Listen to the Podcast Here: 10. The Truth About Tax Write-Offs People love to talk about tax ‘write-offs”. It seems like social media has made many people view tax write-offs as a magical solution or a cheat code to save money on their taxes. However, the reality is that a tax write-off isn’t a cheat […]
Listen to the Podcast Here: 5. Tax-Loss Harvesting As we wrote in our last post, it hasn’t been very fun in the stock market so far this year. As of the stock market close today (May 18, 2022), the S&P 500 is down 17.68% year-to-date. While we never like to see our portfolios go down, […]