Today, Shannon tackles the topic of tax savings and strategies for entrepreneurs. In this episode, she challenges common perceptions and discusses why not all tax-saving tactics are worth the time and effort. Shannon explores the importance of proactive tax planning to avoid surprises, evaluates popular tax strategies like hiring your kids, and emphasizes the value of focusing on revenue growth over implementing every tax hack. Get ready for valuable insights on how to better manage your business taxes.

What you'll hear in this episode:

04:27 Plan ahead to avoid surprise tax bills.

08:54 $2,800 tax-saving requires setting up payroll.

10:28 Invest time wisely; structural changes often valuable.

15:28 Assess risk tolerance; prioritize energy and time.

18:17 Optimize business structure and activities for profit.

If you like this episode, check out:

Is Hiring A Tax Strategist For You?

Simple S Corp Salary Guide for Beginners

Why You Want to Avoid Tax Extensions

Want to learn more so you can earn more?

CFO Power Session: https://www.keepwhatyouearn.com/power-sessions

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.