Schedule a consultation: https://go.thomsonfirm.com/work-with-us --------------- Running a business means juggling everything—operations, clients, growth, and admin details. But too many business owners miss the low-hanging fruit right in front of them: powerful, legal tax strategies that can save thousands each year.
In this video, attorney and tax strategist Robert Thomson breaks down four proven tax tools that most entrepreneurs overlook—strategies grounded in real tax law (not gimmicks) that reduce taxable income, shift income legally, and build long-term wealth.
✅ Here’s what you’ll learn:
The Augusta Rule (IRC §280A) — How renting your home to your business for up to 14 days can create tax-free income.
Accountable Plans — A simple way to reimburse expenses tax-free and stay compliant with the IRS.
QBI Deduction (Section 199A) — How to claim the 20% Qualified Business Income deduction for S corps, partnerships, and sole proprietors.
Smart Pay Strategies — How to optimize salary, distributions, and perks for maximum tax efficiency.
📅 Act before year-end to make these strategies count for this tax year.
👉 If you’d like personalized help implementing these strategies, schedule a Tax Strategy Review with Robert using the link below. Keep more of what you earn—legally and efficiently.
Timestamps: 00:00 – Intro: Why most business owners overpay in taxes 00:53 – The Augusta Rule explained 02:45 – Accountable plans: the tax-free reimbursement system 04:42 – The QBI deduction and what changed 07:11 – Smart pay strategies for S corp owners 09:55 – Action steps and how to take advantage before Dec 31
DISCLAIMER: Information provided is for informational purposes and should not be construed as legal or tax advice. Always seek professional counsel tailored to your specific circumstances.
