Tax Strategy For Contractors (Because You're Probably Doing It Wrong) - Ben Dixon CPA, CA скачать в хорошем качестве

Tax Strategy For Contractors (Because You're Probably Doing It Wrong) - Ben Dixon CPA, CA

Interested in working with us? Let's chat: https://trybta.com/YTEP18 When it comes to taxes you’re going to have to pay them whether you want to or not. However spending the time upfront to establish a solid tax strategy could save you up to 40% AND lead to a much bigger investment portfolio long term. It’s key to know your strategy BEFORE you even start your fiscal year so put an hour into this episode now and reap the benefits for the rest of your life. We bring in Ben Dixon, an accountant and tax strategist who has worked with a number of contractors on setting up a strategy that has them winning into retirement. In this episode you’ll learn: Why contractors get flagged for audits and how to avoid them How much you should pay yourself as an owner What to look for when you’re hiring an accountant - especially if you want them to advise you Equipment and land - know when to buy vs lease, and know what the bank wants to see When to know you are ready for a holding company (and no it’s not based on a financial figure) Why contractors that meet with their accountant only once a year often lose out on big financial opportunities 00:00 - Intro 03:54 - Why do businesses get flagged by the tax man? 06:33 - What should you look for in an accountant? 13:18 - Corporate Structure/Holding Companies 17:11 - When is the best time to incorporate as a contractor? 25:23 - Should you pay yourself as little as possible to avoid tax? 30:05 - When to move cash 32:00 - Leasing vs buying 38:50 - Your relationship with your accountant If you are are growing, but working like a dog to make it all happen, take our 10 day, Evolved Contractor Challenge to free yourself - http://www.btacademy.com/evolvedcontr... Subscribe to Breakthrough Academy to never miss a video! 👇 http://bit.ly/youtubebta Join our Facebook Group: https://trybta.com/FBGroup Connect with us on Social Media: Facebook:   / thebreakthroughacademy   Instagram:   / btacademy   LinkedIn:   / 10175179   Email: info@btacademy.com Phone: 1-800-875-1704 #BTA #BreakthroughAcademy #BuildingSuccess