The 4 Essential Element
Tax Planning
Taxes are life’s single biggest expense. Yet, like most expenses, paying taxes is a choice that you make. This is the principle of “The Net” which states, “It’s not what you make, it’s what you keep that matters.” It’s not that you get to choose if you should or should not pay taxes. It is, however, a matter of making Better, Smarter, Safer tax-efficient financial decision
The 4x4 Financial Independence Plan ˢᵐ
The Smart Tax Minimizer (For Consumer and Home-Based Businesses) ˢᵐ
The Smart Tax Planning System for Business Owners ˢᵐ
Annuities
Charitable Trusts & Annuities
Deferred Sales Trusts
Delaware Statutory Trusts
In-Service Alternative Rollovers
Insurance-Disability
Insurance-Life
Insurance-Long Term Care
Micro-Captive Insurance Companies
Mortgages-Forward
Mortgages-Reverse
No-Load Annuities
Real Estate Rentals (Direct)
Real Estate Rentals (Partnerships & Syndications)
Research & Development Tax Credits (R&D, etc.)
Retirement Plans - Pension & Profit Sharing Plans - The Super(k)
Retirement Plans (Self-Directed) IRA's, 401(k)'s, SEP's, SIMPLE's, Roth's
Self-Directed Brokerage Accounts
BLOG
Browse All Tax Planning Articles, Videos, Podcasts
The Smart Tax Planning Newsletter October 2021
Tax-Saving TipsTaxation of 529 College Savings Account Withdrawals The big advantage of 529 plans is that qualified withdrawals are always federal-income-tax-free—and usually state-income-tax-free too. What you may not know is that not all 529 withdrawals are...
The Smart Tax Planning Newsletter September 2021
Tax PlanningEvery month we provide you with a fairly detailed review of several Important Tax Topics. Scan through the highlighted topics noted below. In This Month's Newsletter We Review: Save Your Employee Retention Credit Vaccinated? Claim Tax Credits for Your...
14 Tax Reduction Strategies for the Self-Employed
Tax PlanningIn June's Monthly Tax Newsletter, there was a checklist with 14 tax planning ideas for the self-employed. The ideas expressed were simply one-lines. Below you will find related articles with the nuts and bolts of implementing those tax planning strategies....
How S Corporation Owners Can Cut Taxes by Keeping a Lid on Their Salaries
Tax PlanningBradford Tax InstituteEstimated Tax Tip Savings: Depending on your own salary and profit distribution levels, we're typically seeing cases in which the S corp. owner can legally slash personal payroll taxes by $8,000 - $20, 000 over the coming year. The...
Blueprint for Employee-Spouse 105-HRA (Health Reimbursement Arrangement)
Tax PlanningBradford Tax InstituteThe Affordable Care Act does not apply to a business that has only one employee.1 This opens the door for what we are going to call the 105-HRA. We created this name from its two predecessors: The Section 105 medical reimbursement...
Tax-Saving Tip: Use Net Square Footage to Increase Home-Office Deductions
Tax PlanningBradford Tax InstituteIn its "I'm here to help you" publication on the home office, the IRS says, "You can use any reasonable method to determine the business percentage" of your home that you use for business.1 The publication then lists two commonly used...
The Smart Tax Planning Newsletter August 2021
Tax PlanningEvery month we provide you with a fairly detailed review of several Important Tax Topics. Scan through the highlighted topics noted below. In This Month's Newsletter We Review: Don't Miss Out on the Employee Retention Credit Loophole: Harvest Tax Losses...
The Reality of Self-Employment Taxes for 2021
Tax PlanningWhat happens when lawmakers enact a new tax? It starts small. It looks easy. In 1935, the self-employment tax topped out at $60. Those 1935 lawmakers must be twirling in their graves with the new rules for 2021, which levy the following taxes: A...
Hire Your Kids to Work In Your LLC or Sole Proprietorship and Put a Huge Chunk of Their Pay Back in Your Pocket
Tax PlanningBradford Tax InstituteEstimated tax tip savings. Pay your child $8,000, for example, to work in your LLC or sole proprietorship and you could save $3,042. Your exact savings will vary depending on your tax bracket and several other factors. Children are...