As we head into tax season, it’s time to get intentional with strategies that reduce your tax burden, grow your wealth, and set the foundation for a lasting legacy.
Operating your business to “solve your Legacy Math™” isn’t just about minimizing taxable income. The goal is simultaneously balancing wealth, taxes, and legacy.
This guide is tailored to support the multi-hyphenate woman and provide 5 smart year-end tax moves for women balancing a 9-to-5 and side business.
This article also assumes that the business is a profitable side business and structured as an LLC with no special IRS tax designation, like S-Corp or C-Corp.
Finally, this will also support families in which one spouse works full-time and the other earns a business income.
(Note: Some of these strategies may or may not apply if you're a full-time entrepreneur. Stay tuned for a future post tailored specifically to full-time business owners.)
If you prefer to skip the lengthy post and talk to a CPA directly about your situation, you can book a Legacy Math Review below.
Or, if you're okay with getting thorough written guidance, click here or subscribe below to access other answers beyond this guide to keep more money in your family’s bank.