Saturday, August 22, 2009

Taxes and Your Business

What a great day today. I spent the afternoon giving a seminar on the tax benefits of owning your own business- there are so many options when you own a business. I talk about this in chapter 4 of my book, Wealth Path; Get On It!

I had the opportunity to answer several questions at the end of the seminar and to expand slightly into some of the strategies you can use in your business to pay family members for working in or for your company as well as setting up IRAs and/or 401Ks for your "employees" (read that as family members). We also talked about using your business to pay education expenses for your employees as well as setting up Health Savings Accounts.

Owning your own business is one major step to becoming rich or wealthy. You should read about it in my book, Wealth Path; Get On It! if you can't get to my seminars.

Jeff

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