Live Life Liberated

Unlock Hidden Tax Benefits: The Qualified Business Income Deduction with Greg Klipstein and Samantha Lawrence (Ep. 99)

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Could your business be missing out on thousands in tax savings right now?

In this episode of Live Life Liberated, Greg Klipstein and Samantha Lawrence uncover the Qualified Business Income (QBI) deduction — a powerful yet often overlooked tax benefit designed to help small businesses reduce their tax burden. Despite its potential, many business owners miss out on this opportunity due to inadequate planning or advisory support.

Whether you’re a small business owner or someone responsible for managing your company’s finances, this conversation is packed with actionable insights to help you optimize your tax strategy and keep more of your hard-earned money.

Talking points include:

  • Understanding the QBI deduction and its role in reducing tax burdens for small businesses
  • Common reasons why the QBI deduction is missed, including improper company structure and poor communication with advisory teams
  • The essential role of proactive and well-coordinated advisory teams in ensuring the deduction is utilized effectively
  • How to correct missed QBI deductions in current & prior tax years and the value of addressing these issues promptly
  • Broader implications of missing the QBI deduction, such as overlooked retirement planning opportunities and other tax-saving strategies
  • Evaluating whether it’s time to replace your advisory team to better manage complex financial needs
  • And more!

    • Connect with Samantha Lawrence:

    • LinkedIn: Samantha Lawrence, CFP®
    • Centura Wealth Advisory

      • Connect with Greg W. Klipstein:

      • LinkedIn: Greg W. Klipstein / JD, LL.M, CFP
      • Centura Wealth Advisory

        • Connect with Centura Wealth Advisory:

        • (858) 771-9500
        • Centura Wealth Advisory
        • LinkedIn: Centura Wealth Advisory
          • ...more
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