In what is one of the most important strategies when it comes to tax optimization, I've put together the module on S-Corp optimization. In general the approaches to tax planning go through a couple of different stages:
- Entity selection. We want to make sure that the right income is in the right types of vehicles in the first place.
- Deduction maximization. We want to prevent as much net income as possible from occurring in the first place.
- Optimizing the remainder.
That's what this module is about. It's after we're already in an S-Corp, which is going to be the right choice for a lot of people, and after we've applied all of our deduction strategies, like we covered in the Trump accounts, the disaster plans, the accountable plans, and the summit strategy sessions. All those are different deduction strategies and they are there to reduce the net income that is subject to optimization. First and then we get into wages, profits, retirement contributions, and QBI optimizations, and that's what the S-Corp optimization module goes over.
Check it out: