#91 Why Your Plumbing Business Isn't Making MONEY
The Jered Williams Show
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Maximizing Tax Savings Through Strategic Business Decisions
The chapter explores the impact of interest expenses on business finances, specifically focusing on vehicle interest payments and the nuances between principal payments and debt write-offs. It delves into utilizing depreciation to minimize tax liabilities and reinvest in business growth, highlighting strategies for structuring assets for maximum benefits. The conversation also touches on setting up multiple businesses to reduce taxable income, transitioning between business entities, and the importance of understanding and questioning tax strategies to tailor them to one's specific business needs.
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