In this episode, Brent continues the Eight-Step Tax Strategy Framework and focuses on Step 3: Tax Credits. While deductions reduce taxable income, tax credits reduce tax directly and can create powerful savings when used correctly. Brent explains the difference between refundable and nonrefundable credits and walks through how these credits apply to both individuals and business owners. This episode helps you understand how to identify valuable credits, how they interact with your overall tax plan, and how to incorporate them into your full tax strategy rather than treating them as afterthoughts. Next episode: Step 4 in the tax strategy framework.

In this episode, Brent continues the Eight-Step Tax Strategy Framework by explaining Step 2: Defer Income and Accelerate Expenses. Although this strategy sounds simple, Brent breaks down why timing can significantly affect your tax outcome and how both employees and business owners can use these tools effectively.

This step shows that tax planning is not only about what you earn but also about when you earn and spend. Understanding these timing opportunities helps you stay proactive and maximize savings throughout the year.

Next episode: Step 3 in the tax strategy framework.

In this episode, we begin the Eight-Step Tax Strategy Framework by focusing on Step 1: Deductions, which is one of the most important and often overlooked parts of tax planning. Brent explains how deductions work for different types of taxpayers, including W-2 earners and business owners, and why understanding your tax bracket is a key part of making smart financial decisions. You will learn: - The difference between standard and itemized deductions - Commonly missed personal write-offs such as medical expenses, mortgage interest, charitable contributions, and property taxes - How business owners can use reimbursement plans, fringe benefits, and legitimate business expenses to reduce taxes - Advanced deduction opportunities such as defined benefit plans, captive insurance, charitable strategies, and conservation easements - Why it is important to review expenses you have already paid personally but have not charged to your business This episode lays the groundwork for the entire tax strategy framework. It helps you understand your position in the tax code and ensures you do not miss deductions that could meaningfully lower your tax bill. Next episode: Step 2, Deferring Income and Accelerating Expenses.

In this episode, Brent introduces his 2025 Year-End Tax Strategy Series, starting with a high-level walkthrough of the 8-Step Tax Planning Framework he uses with clients. Instead of focusing only on popular one-off tax tips, this episode explains the mindset and structure behind effective tax planning—how to think about your goals, evaluate your options, and choose the strategies that make the most sense for your situation. Brent covers why starting with the end in mind is essential, how to evaluate where you currently stand using a tax projection, and how to navigate the overwhelming number of available tax strategies. He then breaks down the eight core areas that apply to every taxpayer—business owners, high-income earners, real estate investors, and employees alike. These eight pillars include deductions, deferring income, tax credits, entity structure, tax brackets, income conversion, tax-exempt planning, and investment planning. This episode sets the foundation for the next eight episodes, where Brent will dive deeper into each category with specific examples and recommendations.

143 - Avoid paying tax on gains through Opportunity Zone investments

Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io

For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals.

Thank you for listening to another episode of the Wealth Game Podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes.

For additional information and links to all available platforms please visit our website at www.wealthgame.io

Contact Us:

Websites:

www.wealthgame.io

www.bementcompany.com

You can also stream The Wealth Game on:

Spotify: https://open.spotify.com/show/5vKCgwK9K7zw1FrXoNAdoh?si=b95d0293bb4b41ad

Apple Podcasts: https://podcasts.apple.com/us/podcast/wealth-game/id1638735155

Connect with Brent Bement:

LinkedIn: www.linkedin.com/in/brentbement

X: https://x.com/brentbement

Instagram: https://www.instagram.com/brentbement/

142 - LLC Myths & What They Really Mean for Taxes and Wealth

Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community? We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io

For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals.

Thank you for listening to another episode of the Wealth Game Podcast. The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes.

For additional information and links to all available platforms please visit our website at www.wealthgame.io

Contact Us:

Websites:

www.wealthgame.io

www.bementcompany.com

You can also stream The Wealth Game on:

Spotify: https://open.spotify.com/show/5vKCgwK9K7zw1FrXoNAdoh?si=b95d0293bb4b41ad

Apple Podcasts: https://podcasts.apple.com/us/podcast/wealth-game/id1638735155

Connect with Brent Bement:

LinkedIn: www.linkedin.com/in/brentbement

X: https://x.com/brentbement

Instagram: https://www.instagram.com/brentbement/

141 - Owning Real Estate in Self Directed Retirement Accounts

Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community?

We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io

For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals.

Thank you for listening to another episode of the Wealth Game Podcast.

The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes.

For additional information and links to all available platforms please visit our website at www.wealthgame.io

Contact Us:

Websites:
www.wealthgame.io

www.bementcompany.com

You can also stream The Wealth Game on:

Spotify: https://open.spotify.com/show/5vKCgwK9K7zw1FrXoNAdoh?si=b95d0293bb4b41ad

Apple Podcasts: https://podcasts.apple.com/us/podcast/wealth-game/id1638735155

Connect with Brent Bement:

LinkedIn: www.linkedin.com/in/brentbement

X: https://x.com/brentbement

Instagram: https://www.instagram.com/brentbement/

140 - Sell a business tax free? Up to $15 million tax free gain under new law

Do you want access to the videos, drawings, templates, tools, and be able to get your questions answered on the live calls or in the community?

We'd love to have you join the Wealth Game basics today to get some additional free resources, videos, and tools: Visit www.wealthgame.io

For specific one on one, or group support for tax planning, strategy, tax preparation, bookkeeping, accounting, or other CPA firm related services, we recommend going to www.bementcompany.com to connected with our team of CPAs and professionals.

Thank you for listening to another episode of the Wealth Game Podcast.

The goal is to get informal yet actionable advice directly to business owners and investors. The episodes are intended to be short and simple to allow busy professionals to get right to the point of growing their wealth and reducing their taxes.

For additional information and links to all available platforms please visit our website at www.wealthgame.io

Contact Us:

Websites:
www.wealthgame.io

www.bementcompany.com

You can also stream The Wealth Game on:

Spotify: https://open.spotify.com/show/5vKCgwK9K7zw1FrXoNAdoh?si=b95d0293bb4b41ad

Apple Podcasts: https://podcasts.apple.com/us/podcast/wealth-game/id1638735155

Connect with Brent Bement:

LinkedIn: www.linkedin.com/in/brentbement

X: https://x.com/brentbement

Instagram: https://www.instagram.com/brentbement/