Smart Ass(ets) | a business podcast, but not like that
Smart Ass(ets) Podcast with Beyond the Ledger BookkeepingEpisode: The Augusta Rule This is one of those episodes that sounds fake, feels illegal, and somehow… is completely IRS approved. We’re breaking down the Augusta Rule, a tax strategy that lets you legally pay yourself rent from your business and not report it as personal income. Yes, really. Originally used by homeowners in Augusta, Georgia during the Masters, this rule has turned into one of the most underused strategies for business owners who actually want to keep more of their money. Here’s what we get into: * What the Augusta Rule actually is and where it came from * How renting your home for 14 days or less can create tax-free income * How business owners can use this for meetings, strategy days, content shoots, and more * Why your business can deduct the rent while you don’t claim it personally * The fine print that keeps this from turning into an IRS problem We also talk about what people get wrong, why you can’t just “Venmo yourself and call it rent,” and how to make sure you’re doing this in a way that actually holds up. It’s one of those strategies that makes you pause and go… wait, why is no one talking about this? If you’re making money in your business and not thinking about how to keep it, this episode will fix that real quick. Need help actually implementing strategies like this without screwing it up? Email us at support@btledger.com Visit gobeyondtheledger.com Beyond the Ledger Bookkeeping We make your finances make sense without making you feel dumb
4 episodes
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