Timothy Sumer

If you're trying to reduce your taxes, save more and figure out which is the best small business retirement plan this video is for you. Choosing between an LLC or S-Corp for a small business owner can be complicated. In this video I'm going over 3 examples of how choosing the business structure and retirement plan can change your tax and retirement plan choices a lot. ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving ...

If you are self-employed, Stop and listen. Because this information will save you thousands of dollars every year. In order to increase wealth, you have to increase your income or decrease your expenses. Your biggest expense is taxes. Here is a list of a few taxes you pay: Capital Gains, Income, Property, State and Local, Gas tax, Sales Tax, local administrative fees, Franchise tax. For most people. The biggest tax they pay is FICA or self-employment tax for those who employ themselves. For you hardworking owners. You pay higher Social Security and Medicare taxes than anyone else. But it doesn’t have to be this way. One way to strategically plan to lower your taxes is to organize your business as an S-corporation with the IRS Every worker has to pay Social Security and Medicare taxes to the government. It is the law. If you have employees, you know you pay part of their self-employment taxes. However, if you're self-employed, you have to pay both portions of t...

FREE Copy of Retirement List Summary Shown in Video LINK OPTIONS X! So, do this first: SOLVE this ONE number for your RETIREMENT PLAN and it will pick the BEST OPTION for you! One clue REVEALS everything you need to know. How much can you tax deduct for your retirement plan? 401k? IRA? SEP? Roth IRA? Simple? 403b? Solo 401k? Simple IRA? Defined Benefit Plan? Money Purchase Plan? Prepare For Your Ideal Retirement! Self-Employed Retirement Plans. Employee Retirement Options. Small Business Employer Retirement. Retirement plan. Retirement calculator. retirement planning . 401K Max. IRA Max. Roth IRA Max. Simple IRA Max. 401k max contribution 2022. 401k max contribution 2023. IRA contribution limits. IRA contribution limits 2023. Roth IRA vs IRA. 401k vs IRA. Simple IRA vs 401K. Retirement plan maximum contributions. Self Employment Retirement Options. LINK TO SUMMARY OF RETIREMENT OPTIONS BY YEAR & PLAN [AS PRESENTED IN VIDEO] CHECK OUT MY 4 "ON DEMAND" SEMIN...

What's the tax difference between and LLC and an S Corporation? Will you save taxes if you convert from an LLC taxed as a sole prop, to being taxed as a sub chapter s? How much taxes will you save if you become an S-Corp? If you want to know the tax difference between an LLC and an S-Corp, then check out this video.! In this video, I'm going to explain exactly what the difference is between an LLC and an S-Corporation, particularly when it comes to your self employment taxes, (aka SE Taxes), which are your medicare and social security taxes. how do you reduce your business taxes? Well, there are three major tax reductions strategies: Business entity optimization, benefits and retirement plans like 401k, SEP IRA, and Simple IRA"s, and then utilizing real estate investments. UPDATE ON NUANCE FINANCIAL - I NO LONGER RECOMMEND NUANCE FINANCIAL, but instead HIGHLY recommend Xendoo Accounting, because it's faster, cheaper, higher quality service, and natio...