Pay yourself instead of uncle sam
Finally Understand How to Pay Yourself the Right Way—And Keep More of Your Money!
$19.99 for a limited time only
About The Book
This book is designed to help you—the small business owner—learn how to reduce your income taxes by paying yourself instead of paying Uncle Sam. Anytime you can find a strategy that decreases the amount of income tax you pay, you have paid yourself instead of paying tax to Uncle Sam. Everybody knows it takes money to make money. The purpose of this book is to teach you how to keep as much of that money as possible.
Research shows that 97% of small business owners overpay their taxes. That’s because most small business owners don’t have fancy tax attorneys to instruct them on how to organize their aff airs so that they pay the least amount of tax possible.
On the other hand, the IRS documents hundreds of millionaires that pay $0 taxes every year. So my philosophy is, if you haven’t made $1 million, you shouldn’t be paying taxes. If you are paying taxes, you probably haven’t taken the time to examine you tax situation with a fine-tooth comb to figure out what strategies will work for you. That’s where this book comes in. If you read this book and apply these strategies, it will save you thousands of dollars each year for the rest of your life!!
What’s inside
Chapter 1
The Basics
Chapter 2
Recordkeeping
Chapter 3
Corporations
Chapter 4
S-Corporations
Chapter 5
LLC
Chapter 6
Medical Expense Reimbursement Plans
Chapter 1
In the United States of America there are two separate but very unequal tax systems. Most people are on the “W-2” system where taxes are withheld from your check before you get it. This system is designed to keep you poor, unable to get ahead, and to stop you from building wealth. The wage earners on this system are able to take very few deducti ons on their
income tax returns.
The other tax system is for self-employed business owners and real estate investors who pay taxes on their income
only aft er paying the expenses for doing business. This system is designed to create wealth and economic growth by allowing
you to get your taxes down to the legal minimum. Business owners on this system are able to take tax deducti ons for just about everything they do to run their businesses including saving money for themselves.
The key to winning this tax “game” is to be able to use the system that allows you to create wealth. You will need to figure out which deductions you are entitled to and keep the
proper records to support those deducti ons. Next, you will need to convert as many of your personal expenses as possible to business tax deducti ons. Finally, you should pay as many
of your expenses as possible before paying tax on the money you earn.
Chapters
Pages
About the author
Larisa Humphrey is a nationally recognized Certified Tax Strategist, IRS Enrolled Agent, Author, and the CEO of Abundant Returns Tax & Financial Services. Since 1991, she has specialized in helping small business owners to millionaires legally reduce their tax liability using proactive, IRS-approved strategies drawn directly from the U.S. tax code.
A former IRS employee and American Institute of Certified Tax Coaches graduate, Larisa brings insider knowledge and advanced training to every client relationship. Her mission is simple: help clients keep more money in their pockets, pay $0 (or the legal minimum) in taxes, and build long-term financial freedom.
Her journey into tax strategy began with a life-changing realization—she paid more taxes than a billionaire. That moment ignited a passion that led her to read hundreds of tax books, take numerous courses, and eventually teach others how to master the tax game.
Larisa is also the author of eight books on tax planning and financial empowerment. Through her writing and coaching, she equips individuals and business owners with the knowledge and confidence to take control of their financial future—legally and powerfully.
Larisa Humphrey