Slash Your Taxes: The Ultimate Guide to Paying the LEAST Amount of Tax Legally Allowed for Your Business or Side Hustle
The Ultimate Guide to Paying Less Taxes on Your Business, Freelance Gig or Side Hustle
If you ask normal people on the street what the best ways to save taxes are, you’ll usually get one of two answers: Your home, or your 401k.
BUT, if you ask any TRUE tax professional that same question, you’ll get the same answer every single time: Owning a business, no matter how big or small.
Why? Because almost all of the tax laws were written for the self-employed individual. Every big business (like Apple, Facebook, or Google) was once a small business that got started in somebody’s dorm, garage or at their kitchen table.
However, most business owners leave THOUSANDS of dollars of savings on the table each years because they do NOT take the time to understand what the rules are….and their accountant is too busy to explain all of the available deductions to them.
Or even a few of them, for that matter......
The tax code is over 77,000 pages long (!!!), but only about 30 of them explain the taxes that you need to pay.
The rest of the 76,970 pages show you all the exceptions to the rules, and how to lower your taxes,
….but most CPA’s focus their time on the 30 pages that say what you have to pay, and NOT on how to save money.
If you have your own business, you need my new course.
This course will show you EXACTLY how to legally maximize every single deduction you are entitled to, so that YOU get to keep more of YOUR money.
WARNING: This course isn’t for everyone. It is specifically designed for people that live in the US and are self-employed, have a side hustle, or are about to start a business.
If that does NOT apply to you, don’t worry: I will have several more general business and financial courses coming in the next few months that WILL be useful for you.
BUT, if you own a business, and you want to pay less taxes, this is the course for you.
(By the way, I tried to do this as a book, but frankly, taxes are so complicated it was a mess. So, instead, I’ve designed it as a course so I can explain both the strategy, the tax code that allows it, AND how to implement the strategy in your business. Plus, you can ask questions about anything that you do not understand).
Here’s how it works:
Over the course of 8 to 10 weeks, I’ll walk you through every aspect of the tax code that applies to you, and show you EXACTLY how to use it to your advantage, in plain English so you completely understand it, and can implement what applies in your own business to save thousands of dollars at tax time next year.
Best of all, every class will be recorded and transcribed; so if you miss a class, don’t worry about it. You’ll also be able to go back and review classes or the transcript again as your business grows and evolves.
The first class is this Friday, July 10th.
Once the basic classes have been recorded, we will be switching to monthly office hours and case studies. Basically, I’ll go through a case study for 30 minutes or so, explain any new changes to the rules, and then I’ll answer every one of your questions for as long as they last.
If you want to be one of my case studies, all you have to do is ask. If you’re selected, you’ll get getting the equivalent of a thousand-dollar tax makeover at no extra charge.
And, even if you’re NOT selected, you will still learn from the other cases studies how to apply these rules in the real world.
Here is just some of what we’ll be covering:
-How taxes work and are calculated in the real world;
-THE number one mistake that will get you audited and in trouble with the IRS, AND how to easily avoid it.
- How to lower your quarterly tax payments;
-Marginal vs Effective tax rates: Why you MUST understand what these terms mean, and how to figure out both of your numbers;
- How to write off the cost of ALL of your travel, even if you fly first class and stay in 5-star hotels;
-Basic types of Entities…. How to choose the best one for you and your situation, and avoid the ones that are more likely to get you into trouble with the IRS;
-The EXACT amount of time you can take on a vacation and write the WHOLE thing off, and what to do if you’re staying longer.
-Cars: Leasing vs. buying: What is best for YOU? (we’ll also cover ‘new’ vs. ‘used’)
-SUVs: Do they still get special tax breaks? Yes and no….what you need to know
-Home office deductions: How to write off a portion of your home the right way.
-Rent out your house and don’t even REPORT the income? YES, if you know the Augusta Rule. I’ll explain exactly how to use it;
-2nd homes and RV’s: did you know that you can sometimes write these off too?
-Employees: W2 vs Independent Contractors: Which should you choose and how do you document them so you don’t get in trouble with the IRS.
-Paying your kids, both before they turn 18 and after. Different rules for each of these situations and how to apply them so you can take advantage of what I call ‘tax arbitrage.’
-How to maximize the rest of your deductions, both business and personal
-Entertainment and meals: what the tax changes in 2018 mean for this.
-Retirement Plans: The good, the bad, and the ugly: What you should do and what you should avoid.
-How to set up a ‘back-door’ Roth IRA
-Roth IRA alternatives, including the ‘Ultimate’ Entrepreneur’s Roth IRA
-Health Savings Accounts: How to use these to get a triple tax deduction.
- How to legally deduct all of your medical bills as business expenses.
-How to take advantage of ‘tax arbitrage’ by paying other family members. Put as much of your income in the ‘Zero’ tax bracket as possible
-Investment accounts: Why increasing growth in your accounts is a problem that will eat up your returns: How to flatten or reduce your taxes on them instead.
-Capital Gains: How THEY work and the differences between these and ordinary income.
-Tax free exchanges on real estate and retirement accounts: when you should and should NOT use them;
-How to deduct losses when you’re just starting out and have no income.
-How to ‘audit-proof’ your tax returns so you greatly reduce your chances of ever getting a call from the IRS.
-When is the ‘best’ time to file your taxes to minimize your chances of getting audited. Yes, when you file makes a huge difference.
-Should you amend previous years to get money back? If so, how to do it safely;
-When to use a C Corp, S Corp, LLC, or just stay a Sole Proprietor; And when to use more than one entity.
-How to select a tax professional: Questions to ask before you hire there AND how to know if they’re doing a good job
-How the Trump Tax Cuts of 2018 affect your business: opportunities AND challenges, and where taxes are heading in the future.
And much, much more.
The goal here is to make YOU an expert in LOWERING your taxes, so that you can be sure that you’re paying the least amount possible, even if you continue to work with a CPA.
I’m also including the following bonuses:
Bonus #1-How to write off ALL of your student’s college education. It’s like a scholarship directly from the IRS. (I get paid a FORTUNE to teach this to CPAs each year so they can implement it in their advisory practices. I’ll show you exactly how to do it yourself at no extra charge.)
Bonus #2: When to use multiple tax entities and corporations, and how to legally ‘shift’ income between them to put more profits in your pocket.
Bonus #3: Living and working abroad as an American: what you need to know to pay little or no taxes while you’re traveling, AND the ONE place in the US where you can live completely tax-free.
Bonus #4: A special year-end webinar and a checklist of last-minute deductions that you can take.
Bonus #5: A special report on 7 rules to minimize your taxes if you sell a business.
Bonus #6: How to buy and sell real estate inside your Roth IRA so that you NEVER pay taxes on your gains!
You will also get a full year’s access to my ongoing training, which includes:
-Weekly ‘office hours’ during first 8 weeks, and then a monthly conference call for updates, ongoing case studies, and Q&A
-Monthly newsletter full of tax tips, updates and case studies to show you new ideas AND how to implement them in your business.
I’ve priced this at $297, which is less than you’d pay for one hour of my tax consulting time.
However, I’m doing an ‘early-bird’ special of $97 for the first people to respond, and as a way of putting my best foot forward with my first product launch.
Just enter the discount code typo, since I'm posting this on a Sunday and my assistant isn't here to save me.
And, I’m hoping you’ll be completely blown away, and want the other courses I’ll be putting out soon enough too.
Here’s all I ask in return for the discount: once you’ve learned several tips and have seen for yourself that power of this information, please leave a 5 star review.
That’s it.
That’s our deal.
Fair enough?
What about a guarantee?
Here it is:
My 100%, No Questions Asked, Take-It-To-The-Bank Guarantee:
I personally guarantee that if you use the information I present, you WILL save thousands of dollars on your taxes.
If you don’t, I’ll refund the entire cost of the course.
How’s THAT for fair?
You have NOTHING to lose, and everything to gain.
So, if you are self-employed, own a business, are a freelancer, or have a side hustle, this is THE course for you.
Imagine: rather than getting a bill each year with what you owe, you actually get money back.
Money that you can invest, blow, or just plain keep in the bank for a rainy day.
The IRS is certainly not going to tell you about a deduction you failed to take, and your accountant is not likely to take the time to ask you about every deduction you’re entitled to.
As former IRS commissioner Mark Everson admitted, ‘If you don’t claim it, you don’t get it. That’s money down the drain for millions of Americans.’
Don’t pay them one penny more than you have to.
Click the ‘I Want This’ button now to claim your spot.
You’re going to love this course, and it’s going to save you tens of thousands of dollars.
I guarantee it.
I look forward to seeing you in class.
Ron Caruthers
PS. If you skip through to the end like I do, here is a summary: for the introductory price of $97, (you''ll need to enter the discount code typo),
I’m giving you a 10 week course with 6 bonuses that will save you tens of thousands of dollars if you own a business, are self-employed, or have a side hustle.
Classes start on Friday, July 10th at 8am Pacific, and you will be able to participate and ask questions.
If you can’t make it at that time, don’t worry, we’ve got you covered.
Each class will be recorded and transcribed, and you will get checklists showing you how to implement each step and strategy I discuss. Also, if you know you’re not going to make it, you can submit your questions in advance, and we’ll make sure they’re covered.
If you ARE self-employed, this class will show you tons of things your accountant likely has NOT shown you, and put tens of thousands of dollars right back in your pocket.
And, I guarantee it, or you’ll receive all of your money back.
Click the ‘I Want This’ button above to enroll.
Don’t pay them one penny more than you have to.
Click the button and enroll now.