How Entrepreneurs Avoid Paying Taxes... Top 6 Tax Avoidance Strategies for Business!
LYFE Accounting LYFE Accounting
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 Published On Oct 17, 2021

From a CPA: Find out how Entrepreneurs avoid taxes by leveraging the tax code.

Become a Tax Client: https://mycpacoach.com/tax-planning-s...

By simply owning a business, you have access to many more ways to avoid taxes by just taking advantage of some of the tax benefits written in the tax code.

Entrepreneurs receive special tax breaks to encourage job creation.

Lawmakers purposely added tax benefits for business owners to grow the economy, create jobs, and drive innovation.

And these special tax breaks mainly come in the form of tax deductions, tax credits, various entity tax strategies, and more advantageous tax-deferred accounts.

So let’s go ahead and look at these tax breaks that can help you avoid taxes.

Outline:

Why Entrepreneurs Get Tax Breaks: (1:08)
Tax Avoidance Strategy #1: (1:49)
Tax Avoidance Strategy #2: (3:47)
Tax Avoidance Strategy #3: (5:10)
Tax Avoidance Strategy #4: (6:47)
Tax Avoidance Strategy #5: (9:09)
Tax Avoidance Strategy #6: (10:14)


Videos Referenced in this Episode:

How to Write-Off Almost Anything:    • How to Write off ALMOST ANYTHING and ...  

How to Take the 20% QBI Deduction:    • How to Take the 20% QBI Tax Deduction...  

Small Business Tax Credits:    • How to Get Small Business Tax Credits...  

LLC vs S Corp:    • LLC vs S Corp: Which one should you c...  

Solo 401K:    • Solo 401K: Pros & Cons Fully Explaine...  

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