Today we are joined by “Your Tax Coach” Diane Gardner, a Certified Tax Coach and best-selling author whose proactive planning approach helps clients dodge the tax bullet. Her tax coaching sessions have resulted in a combined savings of over $890,000 to-date — hard- earned profits small business owners would have given to the government by overpaying taxes.
Diane’s expertise lies in the area of tax planning. Her goal is to make sure successful entrepreneurs across the United States are paying the least amount of income tax they can legally pay. Diane gives away some great information to help every business owners drastically pay less in tax.
[02:33] – The big difference between your average accountant versus a “tax coach”
[04:14] – Big mistake that cost business owners and professionals thousands
[05:15] – Understanding business entity types
[08:04] – Guidelines and deciding factors in determining the kind of business entity
[11:02] – Having extra strategies in place for growth, stability, and security
[13:17] – Differences between Tax Preparation, Tax Projection and Tax Planning
17-09 – How to determine a reasonable salary
[19:30] – Tax benefits for hiring family members
[22:21] – Importance of choosing the right retirement plan
[24:51] – Top tax deductions that most business owners and professionals miss out
[26:57] – Wrap Up
“Planning your way to a lower tax liability is where the magic starts happening.” – Diane Gardner