The 4 Essential Element
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
Charitable Trusts & Annuities
Deferred Sales Trusts
Delaware Statutory Trusts
In-Service Alternative Rollovers
Insurance-Long Term Care
Micro-Captive Insurance Companies
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
Browse All Tax Planning Articles, Videos, Podcasts
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...
Tax PlanningBradford Tax InstituteHere’s good news for business meals: the Tax Cuts and Jobs Act (TCJA) removed the “directly related and associated with” requirements from business meals. The net effect of this change is to subject business meals once again to the...
Tax PlanningBradford Tax InstituteWhen possible, you want to claim that your office in your home qualifies as a principal place of business, because this classification: gives you the home-office deduction, and eliminates commuting from your home to your regular...
Tax PlanningBradford Tax InstituteAre you thinking about starting a new business? If so, congratulations. We know it can, and probably will, be an exciting ride. But like many other exciting rides starting or buying your own business can be fraught with dangers, not...
Tax PlanningBradford Tax InstituteAre you using IRS mileage rates for your business vehicle? I have a new tool that can tell us whether the mileage rates are a good deal for your taxes. With this tool, I look at the entire life of your vehicle, including any gain or...
Tax PlanningBradford Tax InstituteTax deductions put cash in your pocket and make you smile. Capitalized business acquisition expenses don't make you smile because they generally produce no tax cash benefit until you get out of the business, if ever. And then that...
Tax PlanningBradford Tax InstituteWhen you know the rules related to business mileage, you: protect yourself in the event of an IRS audit, and pay less tax. Take Henry, for example. Before he knew the mileage rules, he deducted 30 percent of his SUV's cost. Once he...
Tax PlanningBradford Tax InstituteHere is a bit of good news: your vacation home can produce business deductions. But you need to avoid having your vacation home classified as an entertainment facility in order to qualify for business deductions. Entertainment...
Tax PlanningBradford Tax InstituteSince 1986, lawmakers have limited business meal deductions: first to 80 percent, and then to 50 percent (unless an exception applies). But on December 27, 2020, in an effort to help the restaurant industry due to the COVID-19...