Top Tax Reduction Strategies Every Business Owner Should Know

Discover powerful business tax strategies to reduce your taxes. Get a Free Consultation: https://mycpacoach.com/contact/ In this video, you are going to learn some of the most effective ways to reduce your tax burden as a business owner. These strategies may apply to freelancers, 1099 earners, small business owners, and high-income individuals. Tax Savings: (0:00) Strategy 5: (0:29) Avoiding Self-Employment Tax: (1:00) Strategy 4: (2:23) Writing Off Everyday Expenses: (3:10) Strategy 3: (4:28) Health Reimbursements: (4:58) Childcare Reimbursements: (5:34) Business Reimbursements: (6:03) Strategy 2: (6:56) Hiring Family: (7:56) Retirement Plans: (8:28) Entity Shifting: (9:08) Strategy 1: (10:25) Advanced Tactics: (11:45) Tax Planning: (12:25) /// Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).