Could your current tax strategies be creating a ticking time bomb for your future?

Sam built a successful business for 30 years. Then, he lost nearly half their $2 million sale price to unexpected taxes.

In this forward-thinking episode, we explore tax planning beyond just this year's return. You'll discover:

• Three critical tax-planning timeframes most business owners completely ignore

• How to structure your business today to save taxes when you eventually sell

• Estate planning strategies that protect your business legacy from excessive taxation

• The surprising ways business profits can increase your Medicare costs in retirement

Key Quote: "The tax strategies that work great for your business today might actually set you up for bigger tax headaches down the road."

Listen now to learn how you can develop a comprehensive tax strategy that serves your business well through every life stage.

Get your free "Business Owner's Legacy Planning Guide" in the Wealth Wisdom Financial Community. www.wealthwisdomfp.com/community  

 

00:00 Introduction to Sam's Story

00:40 Welcome to Wealth Wisdom Financial Podcast

01:33 The Importance of Long-Term Tax Planning

03:03 Planning for a Business Sale

08:32 Estate Planning and Business Succession

12:29 Retirement Tax Planning for Business Owners

19:13 Conclusion and Next Steps

 

Watch on YouTube here: https://youtu.be/0aMY5WxljCc