The 1099 Tax Doctor
Many business owners think putting their spouse or kids on the payroll will cut their tax bill, but it’s not that simple. This episode breaks down when family payroll actually saves money, when it backfires, and how to tell the difference. You’ll learn the real math behind 401(k) contributions, cash balance plans, and payroll taxes, plus smarter ways to reduce your taxable income legally and efficiently. 👉 Watch now to uncover which tax moves truly work and which don’t. Timestamps: 00:00 Intro 00:28 Should You Put Your Spouse on Payroll? 01:25 Does It Really Save You Money on Taxes? 03:41 When It Makes Sense to Pay Your Spouse 04:37 Should You Put Your Kids on Payroll? #TaxStrategy #SmallBusinessFinance #TaxDeductions #EntrepreneurMindset #MoneyMatters #EntrepreneurLife #TaxSavings #RetirementPlanning #HighEarners #CashBalancePlan #FinanceTips #SmallBusinessTips #BusinessTaxTips
14 episodios
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