In this episode, I give you 7 ways to pay less taxes. And no, they don’t involve anything like sketchy offshore bank accounts. 

I cover: Tracking your expenses and write-offs, reinvesting in your business, the difference between contractor and employee taxes, the difference between an LLC and an S Corp, investing in your retirement, using the qualified business income deduction, and working with a CPA.

If you’re filing small business taxes for the first time as a beginner, or even if you’re a seasoned pro, you’ll find helpful tax nuggets in this episode.

In this episode, you’ll hear…

• How to use company 401(k) matching to save for your retirement and pay lower taxes
• Different business expense write-offs that you might not know existed
• Why filing as an S Corp might be the right choice for your business

Click here to find the full show notes and transcript for this episode.

RESOURCES:

• Stay organized with QuickBooks
• Become a better investor with Betterment
• Read my blog post about the 5 qualities your accountant must have
• Listen to Episode 77: Small Business Taxes 101 (Guest Interview with Little Fish Accounting)
• Listen to Episode 91: Business Expenses 101
• Click here to watch the free workshop so you can get legally protected right now! 

CONNECT:

• Sam on Instagram
• Sam on Facebook
• On Your Terms® on Instagram

DISCLAIMER

Produced by NOVA Media

Mentioned in this episode:

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