The two most expensive things in life are taxes and interest, and we want to avoid both. One of the best ways to avoid taxes is by starting a business. We want to illustrate the massive tax advantages allowed to small businesses and how utilizing these advantages can be as beneficial if not more so as compared to traditional retirement accounts. Also, they can be used in conjunction with retirement accounts for an added big advantage.  Today we will discuss LLC vs S Corp and the amazing tax benefits of having a business.

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Show Notes

Disclaimer: We are not tax advisors, and you should consult with one before you start deducting things like crazy and stuff like that - both Thomas and Andrew do.

Impending Descent: A bourbon barrel aged Imperial Stout.

Gusto: A cloud-based payroll, benefits, and human resource management solution for businesses.

Tool Box: All the best stuff to manage your money.

Simple Wealth: Research and evaluate rental properties.

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