The 3 Biggest Tax Loopholes Every Small Business Should Know

Use these tax loopholes to reduce your taxes by thousands of dollars.
These tax strategies are not taught in school. The IRS does not teach it. And, your accountant probably does not know about them either.
So, as a licensed CPA, tax nerd, and someone who saves business owners millions in taxes at mycpacoach.com, I want to share the top 3 tax loopholes every business should be aware of.
Let me be very clear: when we talk about tax loopholes - we are not talking about doing anything illegal at all.
This is not tax evasion. This is not tax fraud. We are not lying, cheating, or anything of the sort.
We are simply taking advantage of how the tax law was written. This is tax planning, which quite literally means using the tax law to pay the least amount of taxes.
Watch this video until the end for all of the details.

[@BlakeBooyah]

This is small business gold! Thank you Sherman!

[@mycpacoach]

My pleasure. Thanks, Blake!

[@KacyPvirre-ft2ql]

Could I pay my 10 year old niece to work for my business? She’s obviously not my child but she lives with me. I would have her do real age appropriate work.

[@mycpacoach]

Yes

[@user-ko7mu8pf3e]

Can I pay my 12 years on Son to work for me as a house chores and issue him a 1099? Thank you!

[@mycpacoach]

Probably not. He would have to do a task for your business.