{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Hidden Money Podcast","title":"Tax Planning in Business","html":"","width":"100%","height":180,"duration":2027,"description":"On this week's episode: owners focus on their personal return and never ask what could be done inside the business itself.\nFour things we constantly see missed:\n1. Your spouse already approves every big decision you make. They can be on the company 401(k) too — one business, two maxed-out retirements.\n2. Twenty percent of your income, deductible, without spending a dollar. Most owners get a fraction of it and never find out why.\n3. A swimming pool that was 100% deductible and the home office rule that made it hold up.\n4. 76 cents a mile for driving you already do. Many people leave it on the table because they don't want an app on their phone.\nGet in touch: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e25-tax-planning-in-business&utm_content=show-notes#contact-1\nTake our 5 minute tax assessment: https://www.revotaxpayer.com/?utm_source=revo-taxpayer&utm_medium=podcast&utm_campaign=s4e25-tax-planning-in-business&utm_content=show-notes#taxassistant\nChapters\n[00:00] Why business owners plan on the wrong return\n[04:20] Your spouse is an officer: doubling 401(k) contributions through the business\n[07:00] \"Have you strategized your QBI deduction with your CPA?\"\n[09:40] How QBI works: twenty percent, without spending a dollar\n[11:00] The wage limit, and why contractor pay doesn't count\n[12:00] The S corp advice that reversed in 2017\n[15:50] The home office deduction without the red flag form\n[17:50] What a red flag actually is\n[21:50] The pool builder whose backyard was a showroom\n[26:00] Business mileage, the new rate, and Big Brother\n[30:40] Be proactive — tell us before, not after\nConnect with us:\n• Website: https://www.kontek.com/\n• Email: info@kontek.com\n• LinkedIn: https://www.linkedin.com/company/kontek-systems\n• Instagram: https://www.instagram.com/konteksystems/\n• Facebook: https://www.facebook.com/konteksystems\n• YouTube: https://www.youtube.com/c/KontekSystemsDurham","thumbnail_url":"https://img.transistorcdn.com/TWKM7KKxCr6iSu58Xm-mKHEFQSwIhIxv042pNBRkyGw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9mMTJi/MjljMDYzOGNkYzM4/ODQ1MzkwYmE0YmYw/NjllNS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}