Every Wednesday, our success coach helps Certified Concierge Accountants and Taxplanningmasterclass.com coaching students and Professional Plan Subscribers with tax plans
Wednesday, April 6th, 2022
One Time: Phase I Implementation Fee $14,587
Recurring: Monthly Advisory & Compliance $750
Recurring TPA: DBP $2,500
One Time: TPA: Cost Segregation
Strategy: Choice of Entity
Strategy: Choice of Entity
Strategy: Cost Segregation
Strategy: Defined Benefit Plan
Strategy: Health Savings Account Optimization (HSA)
Strategy: Simple IRA
Strategy: Wages: Hiring Kids
ROI: 739%
Wednesday, April 20th, 2022
Talks about many different scenarios and what the best solution would be.
- Multiple investments
- Rentals
- Large Capital Gains
- HRAs/HSAs
- How to sign up for office hours with Sharla
- K1
- Side income/Schedule C
- 1m+ W2
- Creating KPIs
- 401K
- Defined Benefit and Profit Sharing
Wednesday, April 27th, 2022
Spouses both work for SCorp
Spouse makes around 95k each W-2 from SCorp
No Retirement Plan in SCorp
Wife contributes to retirement plan on individual level – Trad IRA, $7k
No medical/health offered in biz
SCorp installs flooring for hospitals
Do not own real estate outside of personal residence
No kids
60-ish years old
Want to sell the biz in about 5 years
There is time to get a 1202 exclusion if they re-organize as a CCorp
SCorp makes $120K, with only $22K in distributions
Employees in the SCorp – 2 – 4 fulltime