"I created Profit Acceleration Software™ so you can BOOST bottom-line profits using the power of compounding growth without spending more on marketing."- Karl Bryan
One Thing: Day 910: Taxes. Jail. ROTH.
Day 910: Taxes. Jail. ROTH.
Yesterday I gave you a list of 7 things to STOP and also explained how Dave wore his Butt Hole Surfers shirt to bed, woke up, and moved down to Florida.
Speaking of conversations between my Drunk Aunt and Dangerous Dave…
I continued to listen in, and here’s more of their conversation:
Dangerous Dave: Have I ever told you that I love Eminem?
Drunk Aunt: I prefer Skittles.
Dangerous Dave: No not the candy, the rapper.
Drunk Aunt: That’s just weird, Dave. Why would you eat the wrapper?
In other news…
Talk to others and yourself about WHAT YOU WANT and not what you don’t want.
Brutally common mistake.
Anyhoo…
Your One PROFIT ACCELERATION THING Today Is:
‘Taxes’
Poor people bitch about taxes and then pay them… rich people learn about taxes and hardly pay them.
1. Assuming you work from home a portion of the time, a percentage of your home expenses can be deductible (your office needs a bathroom, kitchen, entrance, garbage area, parking spot, storage… not to mention toiletries, snacks, glasses, cutlery, computers, laptops, furniture, desks, garbage cans, vehicles, paint etc…).
2. Have a party at your house and invite clients, prospects, employees, colleagues etc…
3. You can pay your children $12,000 per year tax free.
4. ROTH IRA limit is over $6,000 and can grow tax free.
5. Your SEP IRA allocation can be over $60,000.
6. Filing as an S-Corp rather than an LLC will save you a bundle.
*If the above is of interest… also look up the Augusta Rule. Can be worth tens of thousands of dollars.
Note: The above is not tax advice and could get you sent to jail.
Speak to a local accountant.
You heard it here first.
Now, pick up the phone and go help someone.
Obsessed with your business coaching success,
Karl Bryan
Founder
PS. You can get lucky and make it… you can’t get lucky and keep it.
PPS. If this helps and you want it to really sink in… GO TEACH IT to someone cause that’s the best way for you to learn it. A friend, your spouse, a prospect, a client etc…
*Don’t plagiarize my work like a lame arse.
PPPS. Marriages break up from lack of money… over lack of love X 100. Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.
As good business coaches, we save marriages, save families, save kids from self-destruction… we save lives!
A true life of purpose.
PPPPS. If you’re looking for a proven system to follow for your coaching…. I created Profit Acceleration Software™ as well as our Digital Acceleration Software™ and high-end step-by-step training to support it…
It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’
Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?! And a proven coaching system created for you to follow with your new coaching client.
PPPPPS. Forward this to someone that needs to subscribe to my daily emails and get a limited-time, complimentary subscription to my business coaching magazine go here:
https://thesixfigurecoach.com/subscribe/
PPPPPPS. They tell me my Podcast is Ric Flair style, Money Makin, Client Getten, Joint Venture Landing, Event Fillin, High-End Coaching Client Findin Gold For Business Coaches.
