Category: Taxes
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Could Your LLC Save Thousands In Taxes?
Are you leaving money on the table? Discover how an LLC’s S-Corp election can slash your taxes! Electing S-Corporation status for your LLC can lead to significant tax advantages, especially when considering a $100,000 profit. In a standard LLC setup, the entire profit is subject to self-employment tax and income tax. However, with an S-Corp…
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Maximize IRA / 401K Contributions
It’s tax season…meaning it’s a good time to understand your financial situation, and that includes your retirement account. Maximizing your IRA or 401K contributions might initially appear counterintuitive—after all, it means diverting funds from your immediate savings. However, the long-term benefits far outweigh the short-term sacrifice. By contributing to your retirement accounts, you’re essentially investing…
Faith, Finance & Fatherhood 