The Long Game

In this insightful discussion, tax advisor Chad Huebsch from Blueprint Tax shares expert strategies tailored for business owners earning between $1 million and $10 million. He breaks down the pros and cons of different business entities, emphasizing the advantages of S-corporations over sole proprietorships. Chad also explores the intricacies of the Pass-Through Entity Tax and Qualified Business Income deductions. Additionally, he provides valuable insights on retirement planning and the benefits of hiring family members to optimize tax situations.

In this discussion, tax expert Roger Ledbetter shares his deep knowledge of the recent tax bill and its effects on individuals and businesses. He simplifies complex topics like new individual tax rates, significant deductions for tips and car loans, and the implications for Opportunity Zones. Listen as he reveals the latest changes around gambling losses and estate exemptions, while also outlining the strategic advantages of Qualified Small Business Stock. Roger's practical insights make navigating the evolving tax landscape feel more manageable!

In this episode, I break down the ins and outs of hiring your children, spouse, and even other family members. Some highlights:Hiring Your Kids: The age at which your children can contribute meaningfully to your business and how you can set them up for financial success through tools like Roth IRAs and 529 plansThe Benefits of Hiring Your Spouse: How to maximize contributions to retirement accounts and the tax benefits that come with itNavigating Family Dynamics: I share my personal experiences and insights on what makes a successful working relationship and the potential mistakes to avoidTax Planning Tools: How to ensure that your hiring practices are compliant and beneficial for your tax situation, helping you set up your family for future success.--------------------------------------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

Many people give to charity but may not be doing so in the most tax-efficient way. In this episode, you'll learn:How charitable deductions work (and when they benefit you)The advantages of using Donor Advised Funds (DAFs)How donating appreciated stock can lead to significant tax savingsTips for high-income earners on structuring their charitable giving for optimal tax benefits---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this episode, I'm joined by Nate Sosa, CPA, MST from Hall CPA, and we dive deep into:- The status of the new tax bill and what it means for you- Key changes, including bonus depreciation and Qualified Business Income (QBI) deductions- The implications of the SALT cap increase and how it affects high-income earners- Insights on Qualified Opportunity Zones and their effectiveness- And much more---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this episode, I break down the benefits and drawbacks of S-Corps, including self-employment tax savings, the impact on retirement contributions, and the qualified business income deduction.Learn how your profit level can influence whether an S-Corp is the right choice for you, and discover the importance of calculating a reasonable salary.---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this episode, I break down the ins and outs of Restricted Stock Units (RSUs), Non-Qualified Stock Options (NSOs), Incentive Stock Options (ISOs), or Employee Stock Purchase Plans (ESPPs).---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this week's episode, I dive deep into investment taxation and how it impacts your overall returns. Understanding how different investments are taxed is crucial if you're trying to maximize your portfolio's performance.Stocks: Learn about capital gains taxes, dividends, and the importance of holding periodsBonds: Discover the tax implications of corporate, treasury, and municipal bondsETFs and Mutual Funds: Understand the differences in tax treatment and why ETFs may be more favorableCryptocurrency: Get insights on capital gains, staking, and the unique aspects of crypto taxationREITs: Explore the tax inefficiencies of real estate investment trustsReal Estate: Learn about income tax, depreciation, and capital gains exclusions for primary residences---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠⁠https://www.allstreetwealth.com⁠⁠⁠⁠✅ My personal blog & newsletter: ⁠⁠https://www.thomaskopelman.com⁠⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

In this episode, I discuss how underpayment penalties can sneak up on you. Many of our clients come to us unaware of these penalties, thinking that their W-2 withholdings or year-end tax payments are enough. But there’s much more to it...---------✅ Financial planning for 30-50 year old entrepreneurs: ⁠https://www.allstreetwealth.com⁠⁠⁠✅ My personal blog & newsletter: ⁠https://www.thomaskopelman.com⁠⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.

Many people don’t realize that HSAs can be invested, similar to a 401(k). This is especially beneficial for high-income earners who may have maxed out other tax-advantaged accounts.If you can avoid using the funds for medical expenses, the goal is to let your HSA grow as long as possible to take full advantage of its benefits.✅ Financial planning for 30-50 year old high-earners & entrepreneurs: ⁠⁠https://www.allstreetwealth.com⁠⁠✅ My personal blog & newsletter: ⁠⁠https://www.thomaskopelman.com⁠⁠Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.