The Wealth Without Wall Street Podcast cover image

The Wealth Without Wall Street Podcast

Round Table | The 5 Biggest Tax Mistakes Business Owners Make

Mar 26, 2024
Learn about the pitfalls of relying on internet tax advice, strategies for minimizing tax liability legally, debunking 401k myths for financial freedom, navigating tax considerations for business expenses, and maximizing tax benefits through strategic planning.
46:52

Podcast summary created with Snipd AI

Quick takeaways

  • Legitimate ways to minimize tax liability exist, but seeking advice from reliable sources is crucial.
  • Relocating for lower corporate tax rates can be a smart move, but consider the implications on personal well-being.

Deep dives

Renting out your house for tax benefits

Good advice if you know what you're doing and keep good documentation like rental invoices. Bad advice if you live in an area with no restaurants nearby.

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