If you’re a single-member LLC, you could actually be overpaying in tax to some degree, depending on your situation. And one of the ways to help you save money on tax is to switch to an S-Corp vehicle.
The best thing about Profit First is you get to set aside money for your taxes which takes the stress level down tremendously. However, you also have to be able to put strategies in place so you can keep more of that money that you’ve set aside and earned – legally.
In this episode, you will hear:
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Supporting Resources:
008: Profit vs. Cash Flow – What You Need To Know
https://www.profithero365.com/008-profit-vs-cash-flow-what-you-need-to-know/
https://www.profithero365.com/023-prime-year-end-tax-planning-happens-when-q3-ends/
027: Personal & Business Finance: Know The Difference
https://www.profithero365.com/027-personal-business-finance-know-the-difference/
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Episode Credits
If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.
He helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world.
Find out more at https://emeraldcitypro.com
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