EP 1: The Best Tax Strategies Every Business Owner Should Know
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EP 1: The Best Tax Strategies Every Business Owner Should Know
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In this episode, Jordan, a business leader, and Todd Hudgins, a lawyer and CPA, discuss various tax planning strategies for business owners. They delve into topics such as the "Augusta rule," paying children for legitimate job duties, and the benefits of bonus depreciation. They also touch on retirement planning options, prepaid expenses, and cost segregation analysis for real estate developers. The conversation also covers tax implications related to charitable giving, buying a business, purchasing assets, and buying a heavy vehicle. They also discuss changes in the conservation easement market, R&D tax credits, and the benefits of qualifying as a real estate professional. The episode concludes with a discussion on the importance of future planning for business owners.