Business Tax Secrets That Have Saved Us +$1,000,000s | Ep. #1610

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Marketing, Business, Careers

4.6 • 1.4K Ratings

🗓️ 4 January 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Business Tax Secrets That Have Saved Us +$1,000,000s In episode #1610, we talk about business tax secrets that have saved us millions! Although paying your taxes brings many rewards, there are a lot of opportunities for saving money along the way. Tune is as we break down all of our tax saving tips for your business. TIME-STAMPED SHOW NOTES: [00:25] Today’s topic: Business Tax Secrets That Have Saved Us +$1,000,000s.mp3. [00:31] QSBS: Qualified Small Business Stock can save you up to $10 million on taxes. [01:13] How to put your R&D tax credit on autopilot. [01:50] The benefit of investing your money back into business growth. [02:21] Deferring tax while the value of your business grows. [03:03] Moving to a lower tax state or Puerto Rico. [03:26] Changing your perspective on taxation as a benefit to your life. [04:01] R&D back-tax range: up to three years. [04:19] The tax benefits surrounding depreciation. [04:50] Alternate options to paying taxes: reinvesting in people and business growth. [05:36] That’s it for today! [05:38] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information. Links Mentioned in Today’s Episode: Boast.ai MainStreet Leave Some Feedback: What should we talk about next? Please let us know in the comments below Did you enjoy this episode? If so, please leave a short review. Connect with Us: Neilpatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Welcome to Marketing School, the only podcast that provides daily top-level marketing tips and strategies from entrepreneurs that practice what they preach and live what they teach.
0:11.5	Let's start leveling up your marketing knowledge with your
0:14.3	instructors Neil Patel and Eric Sue.
0:19.2	All right guys before we start we got a special message from our sponsor.
0:24.0	If you want to rank higher on Google,
0:25.9	you got to look at your paid speed time.
0:28.5	The faster your website loads,
0:30.0	the better off you are.
0:31.3	With Google's core vital update,
0:33.0	that makes it super, super important
0:34.8	to optimize your site for low time.
0:37.5	And one easy way to do it is use the host
0:39.9	that Eric and I use, Dreamhost.
0:42.0	So just go to Dream Host or Google it.
0:44.8	Find it, check it out, and it's a great way
0:47.0	to improve your low time.
0:50.4	Welcome to another episode of Marketing School. I'm Eric Sue and I'm Neil Patel.
0:55.0	And today we're going to talk about a couple of business tax secrets that have saved us millions.
1:00.0	So the first one that most people don't do in the United States is something called
1:04.0	Q-S-B-S, qualified small business stock. And what it says is when you build up a business if you do a
1:11.2	C-Corps you file for the Q-S-B-S you can save up to 10 million on taxes if you sell your
1:17.2	company or 10X whatever your investment was in the company up to I believe you can do up to a
	...

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