If you’re a high-income earner or have significant net worth, there’s one piece of financial planning that could deliver the biggest bang for your buck: Tax planning.
While market performance is unpredictable, tax planning is something you can control—and it could save you tens of thousands of dollars every year.
Here are some strategies to consider:
✔️ Retirement accounts: Maximize pre-tax savings when applicable.
✔️ QBID planning: Evaluate your eligibility for the 20% qualified business income deduction.
✔️ Entity selection: Assess whether your business structure is optimized for tax efficiency.
✔️ PTET: Explore options for working around the $10,000 SALT deduction limit.
Tax planning can be one of the most impactful ways to keep more of the wealth you’ve worked so hard to build. Consider speaking with a professional to explore what strategies might work best for you.
Hiring your kids can do more than save taxes—it can set them up for financial independence. 💡Imagine this:
By age 18, your child could save over $150K.
By retirement, those savings could grow to $3.75M, with half of it completely tax-free.This is the power of hiring your kids the right way.
Want to learn how to leave a lasting impact? Let’s connect.
Did you know you can hire your kids to:
💵 Save on taxes.
📈 Help them build wealth through Roth IRAs and investing.
💼 Teach them real responsibility.
Done right, this strategy is a game-changer—not just for your business, but for your family’s future.
Taxes can take a big bite out of your income—especially if you’re self-employed. But strategic tax planning can help reduce the burden and keep more of your money working for you.
Here are a few smart strategies:
1️⃣ Optimize deductions over multiple years for the best outcomes.
2️⃣ Harvest investment losses to offset capital gains.
3️⃣ Open a 401(k) in your business to contribute to tax-advantaged accounts.
Don’t wait until tax season to think about taxes—planning ahead can make all the difference.
A 401k or other “qualified plan” may be the key to 5-figure tax savings for your business.
