New Business Directions’ Post

Did you know that hiring your children can provide significant #TaxAdvantages for both parties? By paying them a reasonable salary, you can deduct these wages as a business expense. Additionally, children can earn up to a certain amount without paying federal income tax--which means more savings for the family 💰 Learn more about this smart way to manage family finances and support your business at the same time: https://loom.ly/U-a-1go #FamilyFinances #FamilyBusiness #AskAnAccountant

Curious about how a six-figure salary can transform your financial future? 💼💰 Discover Todd’s journey from earning $50,000 to building a net worth of over $1 million. 🚀📈 Read the full article to learn how prioritizing saving and investing helped Todd achieve his financial goals and why he plans to keep working towards building generational wealth. 🌟💡

"The Benefits of Employing Your Children in Your Business" !! But Wait !! Putting your children to work in your business, even if only for the summer, is one of the most underutilized tax-saving strategies today. It can also be a great way to teach your kids some work ethic, and money-management skills, and kick-start their retirement or college savings plan. It also gives them a way to earn money—with potentially long-term benefits— while also giving your business deductible expenses Do not hire your children simply to do “family chores.” The chores will not qualify as a valid deduction, and you could set yourself up for an audit. Pay your children for services they perform for your business, and you’ll generate an expense for your business by pushing the money to your children. #TaxTips #BusinessTransparency #kidsPayroll #ustax #AImage

Attention Business Owners and CPAs: Want to slash taxable income by $100k - $500k for 2023? It's possible with a company Cash Balance Plan! A Cash Balance Plan combines the best of defined benefit plans, offering unparalleled tax savings and a roadmap to financial security. Key Benefits: 1.       Huge Tax-Deductible Contributions ($100k - $500k Deductions) 2.       Turbocharged Retirement Savings ($35k - $175k Tax Savings) 3.       Tax-Deferred Growth 4.       Employee Retention with Vesting Schedules (3 years) 5.       Tailored Benefits for Owners (Keep 75% - 100% of the Benefit) Don't miss out on these substantial tax benefits and retirement perks. Consult with experts to unlock the full potential of Cash Balance Plans for your business. Disclosure: This post serves informational purposes only and does not constitute tax or investment advice. For personalized guidance, consult qualified professionals to assess your unique financial circumstances and goals.

Discover the key to financial freedom and stability for women educators! Read the article "Empowering Women Educators with Smart Financial Planning" to unlock powerful strategies. For personalized guidance, contact me to take control of your financial future! #WomenEducators #FinancialPlanning #Empowerment

Discover the key to financial freedom and stability for women educators! Read the article "Empowering Women Educators with Smart Financial Planning" to unlock powerful strategies. For personalized guidance, contact me to take control of your financial future! #WomenEducators #FinancialPlanning #Empowerment

Discover the key to financial freedom and stability for women educators! Read the article "Empowering Women Educators with Smart Financial Planning" to unlock powerful strategies. For personalized guidance, contact me to take control of your financial future! #WomenEducators #FinancialPlanning #Empowerment

Discover the key to financial freedom and stability for women educators! Read the article "Empowering Women Educators with Smart Financial Planning" to unlock powerful strategies. For personalized guidance, contact me to take control of your financial future! #WomenEducators #FinancialPlanning #Empowerment

Discover the key to financial freedom and stability for women educators! Read the article "Empowering Women Educators with Smart Financial Planning" to unlock powerful strategies. For personalized guidance, contact me to take control of your financial future! #WomenEducators #FinancialPlanning #Empowerment

Discover the key to financial freedom and stability for women educators! Read the article "Empowering Women Educators with Smart Financial Planning" to unlock powerful strategies. For personalized guidance, contact me to take control of your financial future! #WomenEducators #FinancialPlanning #Empowerment