The Wealth Without Wall Street Podcast Round Table | Tax Deductible Expenses and Financial Conversations with Your Kids
How many of us like to talk about taxes? Like it or not, paying taxes is a responsibility that every entrepreneur must tackle if they wish to live peacefully without the dreaded knock from the IRS. But did you know that there are legitimate ways to lower your tax liability? By identifying your expenses correctly, knowing your tax code, and keeping detailed accounts, you can find perfectly acceptable ways to keep your taxes low. Saving on taxes means more money left for you. And while you're doing your taxes and making financial decisions, why not involve your kids in the conversation? Just make sure to explain things in a way that they can understand.
If you want to learn more creative ways to save on taxes legally without being labeled as a tax evader, tune in to this conversation today.
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Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.
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