I'm a Solo Business Owner Making $1 Million, How Do I Manage This & Lower My Tax Bill?

In this episode, I break down a detailed case study for business owners making over a million dollars a year. Some highlights & notes:

• The importance of choosing the right business entity (S-Corp vs. Sole Proprietorship)
• Understanding safe harbor tax payments to avoid penalties
• Setting up the right retirement accounts, including solo 401(k)s and cash balance plans
• Maximizing deductions and expenses to reduce taxable income
• Strategies for managing cash flow and building wealth outside of your business

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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.