247. Proven Strategies Every Business Owner & Real Estate Investor Needs to Know To Reduce Taxes

Nov 14, 2023

This podcast discusses proven tax strategies for real estate investors and business owners, including home office and vehicle deductions, employing children in businesses for tax benefits, and strategies to reduce taxes such as self-directed IRAs and contribution limits for retirement accounts.

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Introduction

00:00 • 2min

Launching a new podcast for large scale real estate operators and discussing the home office deduction

01:46 • 4min

Home Office Deduction Requirements

05:53 • 14min

Employing Children in Real Estate Businesses and Solo 401ks for Tax Benefits

19:23 • 3min

Strategies to Reduce Taxes for Business Owners and Real Estate Investors

22:11 • 3min

In this episode, Brandon Hall and Thomas Castelli discuss proven tax strategies that real estate investors and business owners can use to reduce taxes, including: - Home office and vehicle deductions. - Paying your children to work in your business. - Deducting business travel, equipment, and more! Interested in our Short-Term Rental Bookkeeping Service? www.therealestatecpa.com/accounting Get on the waitlist for the Major League Real Estate podcast: www.therealestatecpa.com/mlre Apply today: www.therealestatecpa.com/careers Email suggestions for podcast growth to: hello@taxsmartinvestors.com Become a Tax Smart Insider today and claim your free bonuses today at www.taxsmartinvestors.com/insiders Subscribe to our YouTube channel: www.youtube.com/c/therealestatecpa Join our Facebook group, the one-stop-shop for real estate investors to learn about tax strategy and stay up to date on changing tax laws: www.facebook.com/groups/taxsmartinvestors To become a client, request an initial consultation from Hall CPA, PLLC at www.therealestatecpa.com/become-client Follow Brandon on Twitter: @bhallcpa Follow Thomas on Twitter: @thomascastelli_ The Tax Smart Real Estate Investors podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.