343: Business hacks to pay less taxes

In this video, Nick Huber and Mitchell Baldridge, CPA, discuss tax efficiency and things you can do to defer and pay less taxes. 

From section 179 to QSBS to retirement accounts, they cover the things you MUST KNOW if you run a small business.

If you want to learn more about Nick and Mitchell’s tax related companies, check out RE Cost Seg, Tax Credit Hunter and Better Bookkeeping.

 

Here's the Twitter thread mentioned about QBI optimization:

https://twitter.com/baldridgecpa/status/1473299291607289862?s=20

 

Timestamps:

03:59 - S-Corps

08:59 - QBI optimization

15:35 - Bonus Depreciation

22:06 - Section 179 and car mileage

30:56 - Mega Backdoor ROTH

34:40 - ERC Tax Credit 

39:54 - R&D Tax Credit

41:59 - 45L Tax Credits

43:25 - Donor Advised Funds

47:51 - “The Augusta Rule”

49:25 - SALT Cap Workarounds

51:49 - Q&A

 

Thanks for listening!

 

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Onward and upward!

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