Jun 27, 2019
Ever feel like you are paying a bit too much to Uncle Sam? A
recent poll conducted by the IRS showed that some people feel you
should cheat as much as possible to reduce taxes. Instead of
cheating, there are legal tax strategies that you can implement to
make a long-term difference.
0:17 Is it OK to cheat on your taxes?
recent poll asked people how they felt about cheating on
- Brian wants to help you reduce taxes, but to do it
- Some people polled said, “You can cheat as much as
2:31 How do we reduce those taxes legally?
- Brian shares a story about a client who wanted to reduce taxes
as much as possible.
- Small business owners are notoriously bad at not saving money.
If you’re a small business owner, there are simple ways to reduce
your taxes. Brian gives examples of deductions that may help.
- Health savings accounts are additional examples of beneficial
- There are different kinds of tax attorneys; the kinds that will
help you get out of tax debt and those who will help you with tax
strategies. A good book to read for small business owners
considering tax strategies is The
New Tax Law by Edward Lyon (but you can call the show at
540-266-3100 for the book).
- Brian partners with Impact Tax Group to help
deliver solid tax planning strategies to clients.
9:43 What if you don’t own a business and want to lower
- You need to look at your employer’s benefits. Understand the
difference between HSA and FSA. Transition some of your taxable
money over to a Roth.
- It’s little things that add up to a lot in the long run.
[spp-tweet tweet="It’s about looking at the long-term: Where are
you saving? - Brian Bowen"]
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