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🌟🦉☘️Elizabeth cruz☘️🦉🌟
🌟🦉☘️Elizabeth cruz☘️🦉🌟
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Friday 30 October 2026 18:45:42 GMT
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Legal tax strategies for small business owners that nobody explains while you’re on a W-2… brought to you by someone who practice real estate tax for 9 years at a big 4 firm and a couple who also personally invests in businesses/owns real estate 😎 On a paycheck, taxes come out first. Own a business and the order flips: you earn, spend on the business, then get taxed on what’s left. That’s the tax code working exactly as written. I spent 9 years in real estate tax at Deloitte. Zach turned around a near-bankrupt roofing company. Here are 10 moves every business owner should know: 1. S-corp election: reasonable salary plus distributions, so you stop paying self-employment tax on every dollar. 2. PTET election: your business pays state tax at the entity level, getting around the $40k SALT cap. 3. Augusta rule: rent your home to your business up to 14 days a year for real meetings. Deductible for the business, tax-free to you. 4. Solo 401(k): contribute as employee AND employer. Up to $72k a year vs about $24k at a W-2 job, and it can go Roth. 5. Accountable plan: your business reimburses your home office, phone, and mileage tax-free. 6. Heavy work vehicle: over 6,000 lbs can be written off way faster than a regular car. 7. QBI deduction: up to 20% off qualified business income, now permanent. 8. Cost segregation: depreciate parts of a rental over 5, 7, and 15 years instead of 27.5. We did it on our guest house. 9. STR loophole: average stay 7 days or less plus material participation, and rental losses can offset active income. 10. Hire your kids: real work, reasonable wage, tax-free to them up to the standard deduction. None of this works without clean records, a real business purpose, and a good CPA. Yes, I’m a CPA, and I’m still telling you to talk to yours. Send this to the friend who keeps saying “one day I’ll start my own thing.” Save it for tax season. #smallbusinesstaxes #taxstrategy #realestateinvesting #shorttermrental #businessowner
Legal tax strategies for small business owners that nobody explains while you’re on a W-2… brought to you by someone who practice real estate tax for 9 years at a big 4 firm and a couple who also personally invests in businesses/owns real estate 😎 On a paycheck, taxes come out first. Own a business and the order flips: you earn, spend on the business, then get taxed on what’s left. That’s the tax code working exactly as written. I spent 9 years in real estate tax at Deloitte. Zach turned around a near-bankrupt roofing company. Here are 10 moves every business owner should know: 1. S-corp election: reasonable salary plus distributions, so you stop paying self-employment tax on every dollar. 2. PTET election: your business pays state tax at the entity level, getting around the $40k SALT cap. 3. Augusta rule: rent your home to your business up to 14 days a year for real meetings. Deductible for the business, tax-free to you. 4. Solo 401(k): contribute as employee AND employer. Up to $72k a year vs about $24k at a W-2 job, and it can go Roth. 5. Accountable plan: your business reimburses your home office, phone, and mileage tax-free. 6. Heavy work vehicle: over 6,000 lbs can be written off way faster than a regular car. 7. QBI deduction: up to 20% off qualified business income, now permanent. 8. Cost segregation: depreciate parts of a rental over 5, 7, and 15 years instead of 27.5. We did it on our guest house. 9. STR loophole: average stay 7 days or less plus material participation, and rental losses can offset active income. 10. Hire your kids: real work, reasonable wage, tax-free to them up to the standard deduction. None of this works without clean records, a real business purpose, and a good CPA. Yes, I’m a CPA, and I’m still telling you to talk to yours. Send this to the friend who keeps saying “one day I’ll start my own thing.” Save it for tax season. #smallbusinesstaxes #taxstrategy #realestateinvesting #shorttermrental #businessowner

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