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12 tax strategies for painting business owners, explained in plain English by a CPA who's worked with 500+ painting businesses over the last 10 years.

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If you own a painting business and you've ever wondered "am I paying more in taxes than I need to?" This is for you.

I discussed 12 strategies one by one: how each works, who should consider it, and the mistakes to avoid.

Strategy 1: Choosing the right entity (LLC vs S Corp)
Strategy 2: Estimated taxes without the year-end surprise
Strategy 3: Accountable plan (mileage, home office, cell phone)
Strategy 4: Self-employed health insurance deduction
Strategy 5: HSA - the triple tax advantage
Strategy 6: Accelerated depreciation (Section 179, vehicles)
Strategy 7: Board of advisors + the Augusta rule
Strategy 8: Don't miss your spouse's employer match
Strategy 9: Roth vs traditional retirement accounts
Strategy 10: The right retirement plan for your business
Strategy 11: PTET election (state tax workaround)
Strategy 12: Hiring family members the right way

WHAT YOU'LL LEARN
- When an S Corp actually makes sense (and the $70K profit rule of thumb)
- How to reimburse yourself tax-free for expenses you're already paying
- How the Augusta rule lets your business rent your home for meetings
- Why "it's a write-off" is the worst reason to buy a truck
- How to pay your kids for legitimate work in the business
- The documentation that separates real tax planning from an audit problem

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Keywords:
painting business taxes, s corp for painting business, tax strategies for contractors, painting contractor tax deductions, when to elect s corp, augusta rule small business, hsa triple tax advantage, section 179 for contractors, hiring family members in your business, year end tax planning for contractors

This episode was originally recorded as a video for YouTube.

If you hear me say things like “in this video” or reference visuals, don’t worry —
the content still works perfectly in audio form.

And if you ever want to watch the video version, you can find it on the
Profitable Painter YouTube channel.

https://www.youtube.com/@BookkeepingForPainters