Could your current tax strategies be creating a ticking time bomb for your future?
Sam built a successful business for 30 years. Then, he lost nearly half their $2 million sale price to unexpected taxes.
In this forward-thinking episode, we explore tax planning beyond just this year's return. You'll discover:
Three critical tax-planning timeframes most business owners completely ignore
How to structure your business today to save taxes when you eventually sell
Estate planning strategies that protect your business legacy from excessive taxation
The surprising ways business profits can increase your Medicare costs in retirement
Key Quote: "The tax strategies that work great for your business today might actually set you up for bigger tax headaches down the road."
Listen now to learn how you can develop a comprehensive tax strategy that serves your business well through every life stage.
Get your free "Business Owner's Legacy Planning Guide" in the Wealth Wisdom Financial Community. www.wealthwisdomfp.com/community
00:00 Introduction to Sam's Story
00:40 Welcome to Wealth Wisdom Financial Podcast
01:33 The Importance of Long-Term Tax Planning
03:03 Planning for a Business Sale
08:32 Estate Planning and Business Succession
12:29 Retirement Tax Planning for Business Owners
19:13 Conclusion and Next Steps
Watch on YouTube here: https://youtu.be/0aMY5WxljCc
