Have you ever wondered how to legally pay your kids, spouse, or even your best friend through your business and save tens of thousands in taxes while you're at it? In this episode of Life-Changing Money, Barbara drops powerful tax-saving strategies you can implement now to build a Tax-Free Family — all while growing wealth and keeping more money in your pocket.

This episode is the ultimate sneak peek into the upcoming Tax-Free Family Masterclass, happening July 24 at 10 AM PT / 1 PM ET. Tune in to learn how to involve your loved ones in your business, reduce your taxable income, and set up your family for long-term financial freedom.

 Tune in to hear:

• What a "Tax-Free Family" really means — and why you want one
• How to legally hire your spouse (as an owner, employee, or board member) and the pros & cons of each route
• The surprising tax benefits of Medical Expense Reimbursement Plans (MERPs)
• Why paying your kids through your business is a genius wealth strategy — and how to do it legally
• How you can deduct supplements, chiropractic care, and even some Botox
• A breakdown of flexible spending accounts (FSAs), dependent care FSAs, and how to make them work for you
• How HSAs offer a triple tax advantage — and how to use yours for retirement income
• Creative ways to involve aging parents or best friends in your business for tax savings
• Why your accountant may not be telling you about these strategies (and what to do instead)
• The mindset shift that takes you from saving on taxes to creating financial freedom for your family

Want to learn more? Register for the Free Masterclass on Building Family Wealth: https://taxedacademy.com/family 

 

How To Get Involved:

Life-Changing Money is a podcast all about money. We share stories of how money has impacted and radically changed the lives of others—and how it can do the same for you.

Your host, Barbara Schreihans (pronounced ShREE-hands) is the founder and CEO of Your Tax Coach, and the creator of the Write Off Your Life Course. She is a top tax strategist, business coach, and expert in helping business owners and high-net-worth individuals save millions in taxes while increasing profits.

When she’s not leading her team, coaching clients, or dreaming up new goals for her company, you can find her drinking coffee, hanging out with her family, and traveling the world.

Grab a cup of coffee and become inspired as we hear from those who have overcome and are overcoming their self-limiting beliefs and money mindsets!

Do you have a burning question that you’d love to hear answered on a future show?

Please email it to: [email protected]

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