E028 - Key Tax Planning Strategies for Pass-Through Entities (part 1)
Description
In this episode, Scott and Nikole dive into tax planning strategies specifically for pass-through entities like S corps and partnerships and how tax planning can impact your cash flow. They also explore retirement planning, the Qualified Business Income Deduction (QBI), and optimizing your salary distributions to save on self-employment taxes. Tune in for a wealth of information geared towards small business owners looking to maximize their tax strategies and profitability.
Chapters:
00:00 Introduction
01:10 Overview
02:16 Understanding Pass-Through Entities
05:46 Tax Implications for S Corps vs. Partnerships
17:07 Retirement Planning
22:01 Section 199A Deduction
24:21 Conclusion
⬇️Videos Referenced⬇️
Episode 3 - Paying Yourself (as an S-Corp Owner)
(https://youtu.be/bXU9L98sffE)
🔗 Connect With Us On Linkedin! 🔗
Nikole Mackenzie
📎 https://www.linkedin.com/in/nikolemackenzie/
Momentum Accounting
📎 https://momentumaccounting.com/
Scotty OKR Scarano
📎 https://www.linkedin.com/in/scottscarano/
Padgett NC
Accounting High
📎 https://www.linkedin.com/company/accounting-high/
📎 https://www.accountinghigh.com/
Tags:
#TaxPlanning #PassThroughEntities #SmallBusiness #PayrollBestPractices #FinancialForecasting #BusinessTaxes #SCorp, #Partnerships #TaxStrategies #RetirementPlanning #QBI #Section199A #BusinessOwner #TaxAccountant #FinancialManagement #SmallBusinessAdvice #CashFlowManagement, #TaxSavings #BusinessTaxCompliance #FinancialTips
United States
