• 156 \\ Hidden Tax Benefits of Employing Your Spouse: Smart Strategies for 2024 and Beyond

  • Nov 14 2024
  • Length: 15 mins
  • Podcast

156 \\ Hidden Tax Benefits of Employing Your Spouse: Smart Strategies for 2024 and Beyond

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  • Summary

  • In this episode, we dive into a big question for business owners: should you pay your spouse out of your business? If your spouse is already helping out or could step in to lend a hand, paying them might actually save you money on taxes!

    We’ll break down the benefits and talk about smart ways to pay your spouse—without adding payroll taxes. From saving on travel expenses to contributing to retirement plans, we explore key strategies that can boost your bottom line. Plus, learn about a “secret sauce” strategy called medical expense reimbursement that could be a game-changer.

    If you’re looking to keep more money in your pocket and less going to Uncle Sam, tune in for expert tips that can make a real difference in your business finances.

    Next Steps:

    ☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

    📧 Contact Me --> hello@phillipsbusinessgroup.com

    📲 Follow me on IG @ the.tiffany.p.cpa
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