SMALL BUSINESS
Minimizing tax liability.
Maximizing wealth accumulation.
Our tax analysis reveals how small business owners could
SAVE SEVEN FIGURES IN TAXES, even if they have a CPA.
SMALL
BUSINESS
Minimize tax liability.
Maximize wealth accumulation.
Our tax analysis reveals how small business owners could
SAVE SIX FIGURES IN TAXES,
even if they have a CPA.
A married couple both work and also run a small side business.
• Their primary jobs earned a combined W2 income is $50,000 per year
• The side business is an LLC and has $75,000 in profits for the year.
________________________________
TAXES OWED: $20,993
scroll for four Tax Reduction Strategies
CASE STUDY: A BUSINESS OWNER'S SCENARIO
CASE STUDY: AN OWNER'S SCENARIO
CASE STUDY: A MACHINE SHOP OWNER'S SCENARIO
A married couple both work and also run a small side business.
• Their primary jobs earned a combined W2 income is $50,000 per year
• The side business is an LLC and has $75,000 in profits for the year.
_________________________________________
TAXES OWED: $20,993
[scroll for Tax Reduction Strategies]
Small Business Owner's
Tax Savings Scenario
- Prepared to seize command of their financial destiny…
- Exhausted from funneling tens of thousands of dollars to the IRS instead of channeling it towards retirement savings
- Eager to embrace empowerment through tailored strategies crafted with business professionals in focus
- Desiring liberation from feelings of entrapment or stagnation
- Primed to reclaim control and initiate a journey towards empowerment!
STRATEGY #1
SCHEDULE C TO S CORP
$10,597
Savings in Self-Employment Tax
Federal Tax Savings: $54,760
State Tax Savings: $6,290
- Eliminates $75,000 profit from being subject to 15.3% Self-Employment Tax.
- Taxpayer will take reasonable salary of $40,000.
STRATEGY #2
SOLO 401[k]
$33,000
Purchase price
Federal Tax Savings: $222,000
State Tax Savings: $22,500
- Retirement plan with a maximum contribution of $33,000.
STRATEGY #3
PRIVATE
RENTAL STRATEGY
$14,000
Deduction
Federal Tax Savings: $25,900
State Tax Savings: $2,975
- Private rental tax-free reimbursement.
STRATEGY #4
BOARD OF
ADVISORS
$15,000
Income reduction
Federal Tax Savings: $209,160
- Strategic framework for involving family members in critical business and financial decisions
- TAXES OWED -
BEFORE MATTHEW JAMES TAX PROS
$20,993
WITH MATTHEW JAMES TAX PROS
$17,401 Saved
83% Reduction
Small Business Owner's
Tax Savings Scenario
This tax analysis is for business owners who are:
* Prepared to seize command of their financial destiny...
* Exhausted from funneling tens of thousands of dollars to the IRS instead of channeling it towards retirement savings
* Eager to embrace empowerment through tailored strategies crafted with business professionals in focus
* Desiring liberation from feelings of entrapment or stagnation
* Primed to reclaim control and initiate a journey towards empowerment!
Minimize liabilities. Maximize wealth.
STRATEGY #1
SCHEDULE C TO S CORP
Federal Tax Savings: $9,916
State Tax Savings: $1,139
Eliminates $200,000 profit from being subject to 15.3% Self-Employment Tax.
Taxpayer will take reasonable salary of $40,000.
$10,597
Deduction
STRATEGY #2
SOLO 401[k]
Federal Tax Savings: $12,950
State Tax Savings: $1,488
Retirement plan with a maximum contribution of $33,000.
Using Accelerated Depreciation
$33,000
Purchase price
STRATEGY #3
PRIVATE RENTAL STRATEGY
Federal Tax Savings: $5,550
State Tax Savings: $638
Private rental tax-free reimbursement.
$14,000
Income reduction
STRATEGY #4
BOARD OF
ADVISORS
Federal Tax Savings: $7,400
State Tax Savings: $850
Strategic framework for involving family members in critical business and financial decisions.
$15,000
Income reduction
TAXES OWED
BEFORE MATTHEW JAMES TAX PROS
$20,993
WITH MATTHEW JAMES TAX PROS
$17,401 Saved
83% Reduction
A glimpse of the Matthew James Tax Pros Approach: IDENTIFY TAX DEDUCTIONS DISCOVER LEGAL ENTITY STRUCTURES UNCOVER UNKNOWN STRATEGIES HARNESS EXCLUSIVE TAX PLAN
The Matthew James Tax Pros Approach: IMPLEMENT TAX DEDUCTIONS DISCOVER ENTITY STRUCTURES UNCOVER UNKNOWN STRATEGIES HARNESS EXCLUSIVE TAX PLAN
Your business. Your money. Your future.
Whether you’re an Oil or Gas Business Owner, Physician, Social Media Influencer, Small Business Owner, Healthcare Contractor, Professional Athlete, Professional Racer, or highly compensated Executive…
OUR STRATEGIES PUT MONEY BACK IN YOUR WALLET.
