June 18, 2019
Minimize Capital Gains Taxes
June 18, 2019

Minimize Capital Gains Taxes to Get a 0% Tax Rate

Business owners pay their fair share of taxes. Among all the hundreds of taxes they pay, today we’re going to focus on capital gains tax. This tax is levied on the net gains you make when you sell capital assets like stocks, businesses, land, works of art, etc. However, there are ways to minimize capital gains taxes allowing you to work toward that elusive 0% tax rate.
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June 13, 2019
19 Ways to Reduce Taxable Income
June 13, 2019

20 Ways to Reduce Taxable Income: A Business Owner’s Guide

There’s perhaps no expense more frustrating to business owners than income taxes – the amount of money you pay to the IRS. I receive more calls from business owners asking me how to minimize their tax bills than anything else. Therefore, I want to go over 20 different strategies, or ways, to reduce taxable income for the business owner.
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May 21, 2019
Problems When A Spouse Receives a Bonus Business Owner
May 21, 2019

Tax Issues (and Solutions) When Your Spouse Receives a Bonus

Recently, a business owner client reached out to me and said, “Hey, Justin, I need some help. My wife is getting a bonus. What should I do with it?” Additional income, especially in the form of large, unexpected bonuses from a spouse’s employer, could wreak havoc on business owners’ tax planning and wealth management. So what should business owners do?
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May 6, 2019
Hiring Your Child in Your Business
May 6, 2019

Ideas for Hiring Your Children in Your Business – Tax Advantages

Did you know that you can legitimately hire your kids, no matter what age they are, to work in your business? The IRS Code says you can! As of 2018, each of your children can earn up to $12,000 in tax-free income! Your kids can work, bring home tax-free money, and pay for their own expenses. It’s a great way to teach work ethic, and for the business, benefits like tax strategies. So, I’ll give you the hiring rules and 51 job ideas that allow you to hire your children in your business.
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February 26, 2019
how to avoid capital gains tax on a business sale
February 26, 2019

How We Avoided Capital Gains Tax on a Business Sale

Did you know that you could sell a business or a highly appreciated asset and not pay a dime in taxes? I know what you are thinking. Yes, it does sound too good to be true. However, this is not one of those cases. It is absolutely possible with a Charitable Remainder Trust. Though it is not for everyone, it can be a great method if you’re looking for ways to avoid capital gains tax on a business sale.
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