Send us a text

The Augusta Rule offers a legal way to transfer money from your business to yourself tax-free by renting your home to your business for up to 14 days per year. This often-overlooked tax strategy allows business owners to deduct the rental expense from their business while receiving tax-free personal income.

• Rent your personal residence to your business for up to 14 days annually without paying personal tax on that income
• Your business can deduct the rental payment as a legitimate business expense
• Determine fair market rent by researching comparable event spaces in your area
• Create and maintain a formal rental agreement between yourself and your business
• Document each use with invoices and calendar entries
• Pay yourself from your business account using traceable methods (transfers, checks, digital payments)
• Monthly strategy sessions are ideal for implementing this strategy while staying under the 14-day limit
• Take photos and keep notes from meetings as supporting documentation
• Rental payments of approximately $1,000 per day are typical, depending on your location

Send this episode to a friend and let them know about What Your CPA Wants You to Know Podcast!

Support the show

Create a STAN Store - Click here to try it out!

Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!



Shop our business guides!

Our Instagram Page

Our family page