Description

Taxed, Tax Deferred and Tax Free is Connie Dello Buono’s guide for small business owners navigating taxable, tax-deferred, and tax-free accounts — from choosing a business structure to minimizing tax liability year over year.

Connie draws on her retirement planning experience to walk business owners through both the accounting fundamentals and the tax strategy decisions that compound over time.

What’s inside:

• Taxable, tax-deferred, tax-free, and tax obligations for sole proprietorships, partnerships, LLCs, C corporations, and S corporations
• Federal, state, and local tax requirements, and how to ensure compliance
• Recordkeeping, invoices, and financial business records — why these documents matter
• Employment taxes and common tax deductions and credits, including industry-specific tax credits and lesser-known deductions
• Business deductions, investment strategies, and the importance of recordkeeping and professional advice
• Required Minimum Distributions (RMDs), Social Security benefits taxation, and Roth account advantages
• Tax benefits of Fixed Index Annuities (FIAs), tax-deferred growth, and capital gains treatment for retirement income
• Reverse mortgages, downsizing, and the tax implications of renting vs. buying
• Accounting methods: cash basis vs. accrual basis bookkeeping, and tools for managing bookkeeping
• Practical business tips: developing a business plan, managing finances, building a team, and succession planning

Covers the tax side of guaranteed lifetime income and Fixed Indexed Annuities for business owners planning their own exit and retirement.

A practical resource for small business owners planning for both tax efficiency and long-term retirement — pairs directly with Unretiring the Retirees in World of AI in Silicon Valley.

Publication date: July 4, 2024
Language: English
Print length: 54 pages