Terrifying Tax Traps
Terrifying Tax Traps
Terrifying Tax Traps
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Includes:

  1. 29 mins video
  2. audio transcript
  3. tax strategies and savings e-workbook


Content outline as below:


Tax Strategies and Savings:


How to Boost the Bottom Line in No Time.


9 out of 10 business owners overpay on their taxes.


What is the greatest tax shelter in the world?


How can you make sure you are not in the 93 per cent of entrepreneurs overpaying tax?


What key phrase, if you hear it from an accountant or tax professional, is a blinking warning sign that you may want to use someone else?


Can a tax professional keep you from being audited?


We highlight that it's not what you make, it's what you keep that makes you wealthier.


Far too many business owners have accountants that think that cost-cutting strategies are the best way for your business to be more profitable.


While others allow the tax tail to wag the dog by recommending you spend money in the name of tax deductions (it never makes sense to spend a rupee to save 30 paise).


Then there are tax traps that can happen in the name of short-term savings while neglecting exit strategies or looking a few years down the road.


For example, if you are currently participating in a retirement plan with pending future taxes, answer these two questions:


Do you think taxes are going up in the future?

Do you plan on making more or less in the future?


If you think taxes are going up or that you will be making more, delaying the inevitable can end up costing you more.


In this segment you will learn:


√ The difference between a deferral and a deduction (and how one is likely to cost you more while the other is guaranteed savings).


√ Ways to sell your real estate or highly appreciated capital gains assets (businesses or stocks) to create a tax deduction and avoid taxation.


√ The #1 way to avoid overpaying for tax.


√ Why understanding the difference between marginal and effective rates is a game-changer that adds another level of freedom when clearly understood.


√ How to legally avoid taxes (plus the key distinction between avoidance and evasion.)


Once again, it isn't what you make, but what you keep. Avoid the tax traps and add money to your bottom line.

Sandeep N. Setty - Financial Advisor3 products on store
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