Tax Strategies For
Business Owners
Tax optimization for entrepreneurs and company owners
Recommended Strategies for Business Owners
Beginner
Section 179 Deduction
Immediately expense up to $1.16M in business equipment
Potential Savings:
Up to $1,160,000 immediate deduction
Intermediate
Solo 401(k)
Contribute up to $69,000 per year as a self-employed individual
Potential Savings:
Up to $69,000 in annual contributions (2024)
Intermediate
Augusta Rule (Section 280A)
Rent your home to your business tax-free for up to 14 days
Potential Savings:
$5,000 - $30,000 tax-free income
Intermediate
S-Corp Tax Strategy
Save 15.3% self-employment tax by splitting income into salary and distributions
Potential Savings:
10-15% of business income
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