What if your biggest business expense isn’t your office, payroll, or even your mortgage... but your tax bill?
In this powerful episode of The Billion Dollar Banker Podcast, host Nicole welcomes tax strategist Karlton Dennis to uncover the legal tax-saving strategies used by the wealthy—and why your CPA probably hasn’t told you about them.
Whether you're a real estate professional, entrepreneur, investor, or self-employed business owner, this episode is a must-watch if you want to:
-Stop overpaying Uncle Sam
-Convert lifestyle expenses into legal deductions
-Use short-term rentals to offset W-2 income
-Structure your business for massive tax savings
-Avoid common (and costly) tax mistakes
Discover the Augusta Rule, Roth strategies, and tax-advantaged investing
And much more…
👉 Timestamps & topics below!
🔥 What You'll Learn in This Episode:
Why most CPAs aren’t helping you save taxes
How to avoid the #1 mistake self-employed people make
The $100K tax trap: Real story from a 7-figure earner
How to legally write off your house, travel, and even content creation
The Augusta Rule: How to rent your home to your biz tax-free
Real estate, short-term rentals, and depreciation magic
Long-term vs. short-term tax strategy: Roth, SEP, and beyond
🎙 Guest:
Karlton Dennis
Founder of Tax Alchemy | Enrolled Agent | YouTube Educator
Helping high-income earners protect their wealth through tax strategy.
📲 Follow Carlton on Instagram: www.instagram.com/karltondennis/
🌐 Learn more: https://www.taxalchemy.com/
🔗 Connect With Nicole:
Host, The Billion Dollar Banker
💼 20+ Years in Banking, Finance, and Mortgage
📸 Instagram: https://www.instagram.com/billion_dollar_banker/
🕒 TIMESTAMPS:
0:00 – Hook: Why you're probably overpaying taxes
1:20 – Meet Carlton Dennis
3:10 – What your CPA isn’t telling you
6:30 – Real estate agent loses 6 figures in taxes
10:00 – The difference between CPAs & Tax Strategists
14:40 – How co-mingling can destroy your LLC
17:30 – How to actually write off travel & meals
21:00 – Can you deduct content creation?
23:10 – The Augusta Rule explained
25:00 – Using short-term rentals to offset W-2 income
27:50 – Roth vs. SEP for entrepreneurs
30:00 – Final thoughts & how to start planning now
