In this episode, I'm joined by Chad Huebsch at Blueprint Tax to break down the importance of tax planning for business owners doing $1 million to $10 million. Chad shares valuable insights on entity selection, including the pros and cons of sole proprietorships, S-corporations, partnerships, and C-corporations. Some highlights

PTET (Pass-Through Entity Tax): How to maximize deductions for state and local taxes
QBI (Qualified Business Income) Deduction: Understanding the thresholds and how to optimize your tax situation
Retirement Planning: Exploring options like 401(k)s and cash balance plans to save on taxes while preparing for the future
Hiring Family Members: The benefits and considerations of paying your children or spouse for work in your business
Real Estate Strategies: Using short-term rentals and property ownership to offset income

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✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

Tax Strategies for $1M to $10M SMB Owners (with Chad Huebsch, EA, CTP)

The Long Game

Tax Strategies for $1M to $10M SMB Owners (with Chad Huebsch, EA, CTP)