Tom Wheelwright, CPA—WealthAbility.com, educates us on overlooked tax benefits for business owners. He shows us that by following the tax law, you can not only reduce your taxes, but also build wealth.

Tom is the visionary and best selling author behind multiple companies that specialize in wealth and tax strategy. 

He is also a leading expert and published author on partnerships and corporation tax strategies, a well-known platform speaker, and a wealth education innovator.

Donald Trump selected Tom to contribute to his Wealth Builders Program, calling Tom “the best of the best.” Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, calls Tom “a team player that anyone who wants to be rich needs to add to his team.”

In his best selling book Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes, Tom shows entrepreneurs and investors how to build massive amounts of wealth through practical and strategic ways to permanently reduce taxes.

A self-admitted tax nerd, Tom says that by looking at taxes in a positive way he has found many nuggets in the tax law and he is going to share some of those nuggets with us today. 

“The more profitable you are, the less tax you should pay.”

Listen in as we delve into:

• Incentives that people are overlooking
• The game changing tax shift in 2017
• Tax opportunities in land
• Maximizing the benefits of employing your children
• Where Tom says the magic happens from a tax standpoint

And, so much more! 

Don’t keep missing out on tax benefits year after year, listen in to today’s show as Tom gives us a ton of tips, advice, and examples that may have you looking at your taxes in a whole new light! 

“The best return on investment is going to be in your own business, always.”

TIP OF THE WEEK

Mark: My tip of the week is go to WealthAbility.com. Schedule a call with Tom Wheelwright and see how they can get your tax liability down and how you can build your wealth.

Scott: My tip is to help people see the trends, check out the website ExplodingTopics.com. What's cool about it is you can change it by topic, by category, by period, by month or whatever. You can get into the insights of what people are searching or thinking about.

Tom:  Check out the book, Get A Grip: How to Get Everything You Want from Your Entrepreneurial Business, by Gino Wickman & Mike Paton. These guys created a system called EOS (Entrepreneurial Operating System). It's a very simple system for getting things done. It’s a great story of a company that found themselves struggling and what they did in order to get out of that.

Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?