Chapter
Tax Benefits for Small Business Owners
23:34 - 33:20 (09:45)
Learn about the tax benefits of owning a small business, including the ability to defer and avoid capital gains taxes on investments. Don't skimp on hiring experts to help you make the most of these benefits.
Clips
The podcast discusses the importance of establishing domicile and investing in necessary expensive tools for business success.
23:34 - 25:52 (02:17)
Summary
The podcast discusses the importance of establishing domicile and investing in necessary expensive tools for business success. Additionally, it emphasizes the significance of keeping good financial records to avoid tax problems.
ChapterTax Benefits for Small Business Owners
Episode#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big Businesses Ran by Few People
PodcastMy First Million
Having a professional tax team can help business owners figure out tax strategies and qualify for government aid during times of crisis.
25:52 - 26:59 (01:06)
Summary
Having a professional tax team can help business owners figure out tax strategies and qualify for government aid during times of crisis. Skimping on this expense can cost business owners money in the long run.
ChapterTax Benefits for Small Business Owners
Episode#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big Businesses Ran by Few People
PodcastMy First Million
Small business owners can avoid paying federal capital gains tax on up to $10 million of stock for a period of four or five years through tax-deferred stock holding plans, although recent IRS scrutiny has reduced their popularity.
26:59 - 30:14 (03:14)
Summary
Small business owners can avoid paying federal capital gains tax on up to $10 million of stock for a period of four or five years through tax-deferred stock holding plans, although recent IRS scrutiny has reduced their popularity.
ChapterTax Benefits for Small Business Owners
Episode#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big Businesses Ran by Few People
PodcastMy First Million
The podcast discusses the growing trend of specialists and professionals in various fields creating an online brand-driven business.
30:15 - 32:49 (02:34)
Summary
The podcast discusses the growing trend of specialists and professionals in various fields creating an online brand-driven business. This can help reach a larger audience and create new business opportunities.
ChapterTax Benefits for Small Business Owners
Episode#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big Businesses Ran by Few People
PodcastMy First Million
In this podcast transcript, the speaker discusses the concept of companies that appear to be one thing on the surface, but really have a hidden workforce doing all the work behind the scenes.
32:49 - 33:20 (00:30)
Summary
In this podcast transcript, the speaker discusses the concept of companies that appear to be one thing on the surface, but really have a hidden workforce doing all the work behind the scenes. Three examples are given as illustrations.