How to Maintain My S-Corporation

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The S-Corporation can be a powerful structure and tool to save on self-employment taxes and can also protect a business owner’s personal assets from lawsuits that may arise from their operations.

The Power of the Health Savings Account (“HSA”)

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The Health Savings Account is one of the most powerful pieces of a well designed health care strategy. It includes saving money, saving taxes, building a tax-free ‘bucket’ for health care and most importantly taking control of your own health care strategy.

Should I put My Spouse on Payroll?

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Now although there are reasons not to put your spouse on payroll, I would argue there are two (2) GOOD REASONS to put a spouse on payroll before year-end. Both of these strategies create great excellent tax deductions and good use of money

Is the Single Member LLC a Solution for Me?

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Single-Member LLC’s have their place in the spectrum of business entity choices, and whether such an entity is right for you will depend on the details of your own personal situation.

How Many Properties Should I Put in My LLC?

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I truly believe that an LLC for every rental property isn’t needed for the far majority of real estate investors.  It’s expensive, cumbersome and provides nominal benefit when there’s not a lot of equity in their rentals….yet!!

The Power of the Charitable Remainder Trust

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The CRT is a very powerful estate planning tool that may enable you to reduce your liability for income and estate taxes, protect your assets AND diversify your assets in a tax-advantaged manner.

Does the Household Employee Tax Apply to Me and What to Do

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You may have thought the only time you may need to worry about the so-called “Nanny Tax” ( also known as the household employee tax) is if you decide to run for public office and facing a pesky reporter at a political rally. However, it’s a concern everyone needs to take seriously. If you have […]

Paying your Grandchildren in the Business

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If completed properly, the end result is that you will accomplish 5 amazing financial benefits when your grandchildren legitimately work with their parents helping you in your business!