SOCIAL MEDIA
Minimizing tax liability.
Maximizing wealth accumulation.
Our tax analysis reveals how influencers could
SAVE SEVEN FIGURES IN TAXES, even if they have a CPA.
SOCIAL MEDIA
Minimize tax liability.
Maximize wealth accumulation.
Our tax analysis reveals how influencers could
SAVE SEVEN FIGURES IN TAXES, even if they have a CPA.
A 25-year-old works as a social media influencer with a large following.
Her filing status is single
She has 1 child under 18
Her income flows through her LLC with $200K per year in profit
_______________________________
TAXES OWED: $60,650
scroll for six Tax Reduction Strategies
CASE STUDY: AN INFLUENCER'S SCENARIO
CASE STUDY: AN INFLUENCER'S SCENARIO
A 25-year-old works as a social media influencer with a large following.
* Her filing status is single
* She has 1 child under 18
* Income flows through her LLC with $200K per year in profit
__________________________________________
TAXES OWED: $60,650
[scroll for Tax Reduction Strategies]
STRATEGY #1
$30,600
Savings in self-employment tax
Schedule C to S Corp
Federal Tax Savings: $11,332
State Tax Savings: $1,301
- Eliminates $200,000 in profits from being subject to the 15.3% Self-Employment Tax.
- Taxpayer will take a reasonable salary of $60,000.
STRATEGY #2
$38,000
Tax-deferred investment
Defined Benefit Plan
Federal Tax Savings: $14,060
State Tax Savings: $1,615
- Retirement plan with a contribution of $38,000 into a defined benefit plan.
STRATEGY #1
$30,600
Savings in self-employment tax
Schedule C to S Corp
Federal Tax Savings: $11,332
State Tax Savings: $1,301
- Eliminates $200,000 in profits from being subject to the 15.3% Self-Employment Tax.
- Taxpayer will take a reasonable salary of $60,000.
STRATEGY #2
$38,000
Tax-deferred investment
Defined Benefit Plan
Federal Tax Savings: $14,060
State Tax Savings: $1,615
- Retirement plan with a contribution of $38,000 into a defined benefit plan.
STRATEGY #3
$14,600
Deduction
Paying the Kids
Federal Tax Savings: $5,402
State Tax Savings: $621
- Each of the four children will be paid a yearly salary of $14,600.
STRATEGY #4
$42,000
Deduction
Private Rental Strategy
Federal Tax Savings: $15,540
State Tax Savings: $1,785
- Private rental tax-free reimbursement.
STRATEGY #3
$14,600
Deduction
Paying the Kids
Federal Tax Savings: $5,402
State Tax Savings: $621
- Each of the four children will be paid a yearly salary of $14,600.
STRATEGY #4
$42,000
Deduction
Private Rental Strategy
Federal Tax Savings: $15,540
State Tax Savings: $1,785
- Private rental tax-free reimbursement.
Famous Influencer of Social Media
Tax Savings Readiness
This tax analysis is for influencers 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 influencers in focus
- Desiring liberation from feelings of entrapment or stagnation
- Primed to reclaim control and initiate a journey towards empowerment!
Social Media Influencer's
Tax Savings Scenario
This tax analysis is for influencers 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 social media 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 #5
AUTO
EXPENSE
$64,000
Deduction
Federal Tax Savings: $23,680
State Tax Savings: $2,720
Owner/operator purchased $185,000 luxury SUV for business, during the Tax Year.
80% of vehicle can be written off.
STRATEGY #6
BOARD OF
ADVISORS
$30,000
Income reduction
Federal Tax Savings: $11,100
State Tax Savings: $1,275
- Strategic framework for involving family members in critical business and financial decisions
- TAXES OWED -
BEFORE MATTHEW JAMES
TAX PROS
$60,650
WITH MATTHEW JAMES TAX PROS
$60,650 Saved
100% Reduction
STRATEGY #5
$64,000
Deduction
AUTO
EXPENSE
Federal Tax Savings: $23,680
State Tax Savings: $2,720
Owner/operator purchased $185,000 luxury SUV for business, during the Tax Year.
80% of vehicle can be written off.
STRATEGY #8
$30,000
Income reduction
BOARD OF
ADVISORS
Federal Tax Savings: $11,100
State Tax Savings: $1,275
Strategic framework for involving family members in critical business and financial decisions
TAXES OWED
BEFORE MATTHEW JAMES TAX PROS
$60,650
WITH MATTHEW JAMES
TAX PROS
$160,650 Saved
100% 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 and 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.
