Sharla reviews tax plans
Wednesday, September 7th, 2022
Recurring: TPA: Enhanced Retirement Plan $6,500
One Time: Phase I Implementation Fee $9,599
One Time: Monthly Advisory & Compliance Fees $4,500
Recurring: Monthly Advisory & Compliance Fees $1,500
One Time: Less Monthly Bookkeeping - Year 1 ($2,850)
Recurring: Less Monthly Bookkeeping ($950)
Strategy: Consulting Fee from C Corp to Investment LLC
Strategy: C Corp Lending Strategy
Strategy: Defined Benefit Plan
Strategy: Accountable Plan/Home Office Deduction
Strategy: Wages: Hiring Kids
Strategy: 529 Savings Plan
ROI: 325%
One Time: ERC Consulting Fees $3,500
One Time: ERC Consulting Fees $3,500
Strategy: Employee Retention Credit (ERC)
ROI: 652%
One Time: Tax plan implementation fee $15,760
Recurring: Monthly advisory & maintenance $820
One Time: Remaining maintenance 2022 $2,460
Pre Paid: Former compliance costs $1,000
Recurring: TPA: Enhanced Retirement Plan $6,500
Strategy: Charitable Donation
Strategy: Health/Medical Expense Reimbursement
Strategy: Reasonable Comp Analysis for Owners of Corporations
Strategy: Rent Home for Business Gatherings (Augusta Rule)
Strategy: Roth IRA Contributions Strategy:
Strategy: Wages: Hiring kids
Strategy: Defined Benefit Plan
Year one ROI: 675%
Year two ROI: 1024%
One Time: ERC Engagement $4,500
Strategy: Employee Retention Credit (ERC)
ROI: 1609%
Wednesday, September 14th, 2022
This lab was not recorded because of technical difficulties.
Wednesday, September 21st, 2022
One Time: Tax Plan Implementation Fee $2,149
One Time: Monthly Advisory & Compliance fee 2022 $750
One Time: Monthly Advisory & Compliance fee $250
Strategy: Accountable Plan/Home Office Deduction
Strategy: Choice of Entity
Strategy: Electric Vehicle Credits (Revised for IRA Inflation Reduction Act)
Strategy: Health Savings Account
Strategy: Health/Medical Expense Reimbursement Arrangement
Strategy: Pre-Tax Benefits Employer Benefit Package Review
Strategy: Roth IRA Contributions
Strategy: Simple IRA
Strategy: Wages: Hiring kids
ROI: 300%
Wednesday, September 28th, 2022
Strategy: Amendment for Missed Deductions on Prior Year Return
Strategy: Amendment for Missed Deductions on Prior Year Return
Strategy: Maximize Business Deductions
Strategy: Wages: Hiring Kids
Strategy: Health/Medical Expense Reimbursement Arrangement
Defined Benefit Plan discussion if income is increased
Possible Retirement Plan for wife and or employment or wife
Tax planning for parents of college student(s)