8 Minute Millionaire: Learn The Secrets Of Millionaire Entrepreneurs

Are you the typical business owner who dreads doing taxes when it comes to your business? Then this episode is for you. Host Erik Fisher interviews Jeff Trapp, founder of Tax Planning Pros, about ways to maximize your tax write-offs, how to maintain good records to ensure you avoid IRS scrutiny, and what to do if you are audited. We'll also discuss investing, how to prep your taxes if you're selling your business and we'll also clue you in on one of the biggest tax deductions most people are NOT taking now.   So let's dive into the things you can be doing TODAY to create your booming financial future tomorrow!   What we discuss with Jeff: + Why Proactive Tax Planning Matters + Key Differences Between Tax Preparation and Tax Planning + Common Mistakes Business Owners Make with Taxes + Getting Started with Proper Documentation + Understanding Business Entities: LLCs, S Corps, and C Corps + Leveraging Real Estate for Tax Benefits + Introduction to Cost Segregation and Depreciation + Investment Strategies for Tax