343: Business hacks to pay less taxes

In this video, Nick Huber and Mitchell Baldridge, CPA, discuss tax efficiency and things you can do to defer and pay less taxes.  From section 179 to QSBS to retirement accounts, they cover the things you MUST KNOW if you run a small business. If you want to learn more about Nick and Mitchell’s tax related companies, check out RE Cost Seg, Tax Credit Hunter and Better Bookkeeping.   Here's the Twitter thread mentioned about QBI optimization: https://twitter.com/baldridgecpa/status/1473299291607289862?s=20   Timestamps: 03:59 - S-Corps 08:59 - QBI optimization 15:35 - Bonus Depreciation 22:06 - Section 179 and car mileage 30:56 - Mega Backdoor ROTH 34:40 - ERC Tax Credit  39:54 - R&D; Tax Credit 41:59 - 45L Tax Credits 43:25 - Donor Advised Funds 47:51 - “The Augusta Rule” 49:25 - SALT Cap Workarounds 51:49 - Q&A;   Thanks for listening!   Like this episode? I think you’ll love my newsletter. I write a long form essay on how to build wealth and succeed to 250K+ readers each week. Subscribe here: www.nickhuber.com/newsletter   Want to see all of my companies? Click here: www.nickhuber.com/portfolio   Want more of my content?  I’m @SweatyStartup everywhere: Say hello on X: www.x.com/sweatystartup LinkedIn: www.linkedin.com/in/sweatystartup Instagram: www.instagram.com/sweatystartup TikTok: www.tiktok.com/sweatystartup Apple Podcasts: https://podcasts.apple.com/us/podcast/the-nick-huber-show/id1576120606 Spotify: https://open.spotify.com/show/7L5zQxijU81xq4SbVYNs81 Want my team and I to help sell your business? Click here: www.nickhuber.com/sell Want to buy a business that my brokerage represents? Click here: www.nickhuber.com/buy   Are you an accredited investor and interested in learning more about potential deals? Fill out this form: www.nickhuber.com/invest   Want my free PDF on how to analyze a self-storage facility? Click here: https://sweatystartup.ck.page/79046c9b03   Want to hire me as a consultant? Click here: https://sweatystartup.com/storage   Here are the links to my businesses: usiness Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/ Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/   That's all for now.   Thank you again for joining me on my Sweaty Startup journey.   Onward and upward! -Nick