How to Pay Family Members Part 1 – Spouse, Adult Kids, and Minors
Are you thinking about paying family members as part of your business strategy? While it’s an effective way to involve your loved ones in your business, there are some essential guidelines to follow to make sure you’re doing it right. In my latest YouTube video, I dive into the dos and don’ts of paying family […]
Tax Benefits of Oil & Gas Investments for W-2 Workers
For high-earning W-2 employees, finding effective ways to reduce income tax can be challenging. Many traditional deductions are capped or phased out at higher income levels, leaving fewer options for meaningful tax savings. However, one powerful strategy you might not have considered is investing in oil and gas. This unique approach not only offers potential […]
Tax Strategies for W-2 Workers: Maximize Deductions and Reduce Your Tax Burden
Are you a high-earning W-2 employee looking to reduce your tax burden? Many people in high-income brackets often find themselves limited in the tax-saving strategies available to them. However, understanding how to maximize your deductions and utilize available credits can make a substantial difference in what you keep each year. Here’s a breakdown of essential […]
Turn Your 401(k) Into a Business: A Guide to the ROBS Strategy
Have you ever dreamed of starting your own business but didn’t know how to get the necessary funding? What if I told you that you could use your 401(k) funds to do just that—without facing early withdrawal penalties or taxes? It’s possible with the ROBS (Rollover Business Start-Ups) strategy. ROBS is a little-known method that […]
The Power of Asset Protection and LLCs
When it comes to growing wealth, most people focus on making the right investments, but protecting that wealth is just as crucial. In my latest YouTube video, I dive deep into the topic of asset protection and how setting up an LLC can safeguard your financial future. 🔗 Watch the full video here: https://www.youtube.com/watch?v=u-hADmCNpBg Why […]
How to Properly Implement the Augusta Rule and Maximize Your Tax Savings
The Augusta Rule, named after the famous golf tournament in Augusta, Georgia, is one of the most powerful tax-saving strategies available for business owners. It allows you to rent out your personal residence to your business for up to 14 days per year, without having to report the income on your personal taxes. But to […]