Tax loopholes

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Taxes. They come in many forms. Some are hidden: corporate taxes are built into the cost of goods and services you buy; excise taxes are included into products like gasoline. Others are more visible like sales and property taxes. And then we come to the most visible and dreaded tax of all: income tax. When people complain about taxes they are usually talking about income taxes. Avoiding income taxes should be easy considering the size of the tax code and the millions of loopholes available…

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Did you know that as a business owner you can reap serious benefits by hiring your children to work for you? There are tax loopholes that can help your business–and your family–save a decent amount of money. By knowing the rules for hiring your child, you can ensure both you and your kids take advantage of the potential benefits that can come with hiring your kids in your business. Tax Loopholes, Small Business Tax Deductions, Inspirational Ted Talks, Prep Checklist, Business Tax Deductions, Workers Compensation Insurance, Business Lawyer, Tax Prep, Purple Lotus

Did you know that as a business owner you can reap serious benefits by hiring your children to work for you? There are tax loopholes that can help your business–and your family–save a decent amount of money. By knowing the rules for hiring your child, you can ensure both you and your kids take advantage of the potential benefits that can come with hiring your kids in your business.

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Milan Singh on Instagram: "🤯 Make tax-free money legally

The reason people are able to get rich and stay rich is because they use genius money hacks and tax loopholes that helps them hold on to their money longer. The Augusta Rule is one of those hacks. Here’s everything you need to know about it. 

According to the Augusta Rule, you can rent out your personal home to your business for up to 14 nights tax exempt. You can use your house for quarterly meetings, conferences, or business meetings and easily charge yourself hundreds of dollars a day depending on where you live. Your business can then take a tax deduction on these charges and the best part is that you don’t have to report them as rental income!

If you’d like to get more money tips and hacks, follow me @milansinghhh 👍🏼

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Milan Singh on Instagram: "🤯 Make tax-free money legally The reason people are able to get rich and stay rich is because they use genius money hacks and tax loopholes that helps them hold on to their money longer. The Augusta Rule is one of those hacks. Here’s everything you need to know about it. According to the Augusta Rule, you can rent out your personal home to your business for up to 14 nights tax exempt. You can use your house for quarterly meetings, conferences, or business…

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