@nickkomodina_official: Here’s 1 of the secrets they the ultra wealthy use to pay barely any taxes ! - This secret was a life saver in the earlier years of my business. It became super un motivating to dedicate my life to something and give such a large part of my wealth away each year. I now operate privately out of a trust but on the come up this saved me a small fortune. - 1. Set up an S Corp (LLC if you’re newer) 2. If you set up an S Corp , pay yourself as an employee and make your salary fit inside of the lowest tax bracket 3. Pay yourself with a payroll system( I paid myself weekly payouts using “gusto”) 4. Create a DBA for yourself and generate $1-200 a year it shows “intent” to profit and now even MORE of your daily expenses can become write offs 5. If you need additional funds you can do an equity pull from the business funds 6. Always do your own research to find what works best for you as this is not advice! 7. Follow me for more 💎 #mindsetcoach #businesscoach #selfmastery #energetics #leadershipdevelopment
