How to Make a Deductible Expense

Start a business, set up an entity. Elect to be tax s, an s corporation or c corporation. For most of you it's going to be an s corporation, pay yourself a reasonable salary. Then start taking deductions that are ordinary, necessary business deductions and document them. When we spend money on business expenses that are intended to make more money, and they make more money for us, what happens? Our income grows, but our taxes are actually going down. We're going to create a wealth strategy to go invest in real estate, oil and gas, other active investments that can also bring us tax benefits. If you want to know more about wealth and tax strategy, then call ability