343: Business tax hacks to pay less taxes

<p>In this video, Nick Huber and Mitchell Baldridge, CPA, discuss tax efficiency and things you can do to defer and pay less taxes. </p> <p>From section 179 to QSBS to retirement accounts, they cover the things you MUST KNOW if you run a small business.</p> <p>If you want to learn more about Nick and Mitchell’s tax related companies, check out RE Cost Seg, Tax Credit Hunter and Better Bookkeeping.</p> <p> </p> <p>Timestamps:</p> <p>03:13 - S-Corps</p> <p>08:14 - QBI optimization</p> <p>14:50 - Bonus Depreciation</p> <p>21:20 - Section 179 and car mileage</p> <p>30:11 - Mega Backdoor ROTH</p> <p>33:55 - ERC Tax Credit </p> <p>39:09 - R&D Tax Credit</p> <p>41:14 - 45L Tax Credits</p> <p>42:40 - Donor Advised Funds</p> <p>47:07 - “The Augusta Rule”</p> <p>48:41 - SALT Cap Workarounds</p> <p>51:03 - Q&A</p> <p> </p> <p>FREE PDF - How to analyze a property and know what it's worth: <a href= "https://sweatystartup.ck.page/79046c9b03">https://sweatystartup.ck.page/79046c9b03</a></p> <p> </p> <p>Special thanks to the sponsors: https://www.betterbookkeeping.com - End to end tax and financial service for founders and soloprenuers</p> <p>https://Recostseg.com - Lower your taxes and increase cash flow</p> <p>https://Taxcredithunter.com - Helping businesses claim millions in tax credits</p> <p> </p> <p>Check out my free Delegation / Hiring 101 course!</p> <p>Click here: <a href= "https://nickhuber.podia.com/delegation-hiring-101">https://nickhuber.podia.com/delegation-hiring-101</a></p> <p> </p> <p>Check my free resources about Real Estate: <a href= "https://sweatystartup.com/courses/">https://sweatystartup.com/courses/</a></p> <p> </p> <p>Join my Real Estate community here: <a href= "https://sweatystartup.com/rec">https://sweatystartup.com/rec</a></p> <p> </p> <p>Twitter Growth Mastery Course: <a href= "https://sweatystartup.com/twitter">https://sweatystartup.com/twitter</a></p> <p> </p> <p>Want to hire me as a consultant?</p> <p>Click here: <a href= "https://sweatystartup.com/storage">https://sweatystartup.com/storage</a></