To confirm for S Corp, don't you still have to pay a reasonable salary so you end up paying the self some portion of the self-employment tax? Either way nice tips, very interesting about splitting up shares to give to an S Corp.
Hey Demetrio, this is correct. However, instead of all of the business income being attributable to the 15.3% SE tax, only the portion you take as a salary would. This normally results in around 66% net savings on the tax.
Bifffurcation 😂 Pronounced bye-furcation. Great tips Sherman, thanks so much 🙏 If I remember correctly, that first one was (originally) established for homeowners in Georgia that rented out their homes during The Master’s golf tournament.
Can you use the Augusta Rule on multiple properties if less than 14 days for each. If we have a house on the beach and in the mountains? Can we charge the s-corp for 28 days (14 each)
Hey! What’s your best email information or phone number? I tried calling but it said there were too many voicemails to leave one. I’m trying to inquire information about bookkeeping and information about questions about getting an SBA loan
You can join my Tax Savers Club, you'll get access to live Q&As with me, access to my step-by-step course, and monthly masterclasses: mycpacoach.com/tax-saver/
![15 Biggest Tax Write Offs for Small Businesses! [Best Tax Deductions 2024]](http://i.ytimg.com/vi/rrPxbI8DXyw/mqdefault.jpg)
You guys are always loaded with valuable😊 information!
Thank, you, Terry!
I’m so happy I found your RUclips page.
Another eye-opening video. Thanks for the info team.
Glad it helped, Khalil!
Another valuable inputs from your video. Great work!
Thank you!
cool, I already love using loopholes exploitation in general 😂😂
That's awesome information! Thank you!
You're welcome, RJ!
To confirm for S Corp, don't you still have to pay a reasonable salary so you end up paying the self some portion of the self-employment tax?
Either way nice tips, very interesting about splitting up shares to give to an S Corp.
Hey Demetrio, this is correct. However, instead of all of the business income being attributable to the 15.3% SE tax, only the portion you take as a salary would. This normally results in around 66% net savings on the tax.
Bifffurcation 😂 Pronounced bye-furcation. Great tips Sherman, thanks so much 🙏 If I remember correctly, that first one was (originally) established for homeowners in Georgia that rented out their homes during The Master’s golf tournament.
🤣 I try my best. Thanks, and you are absolutely correct.
Hey guys, great content. Ive been looking to get in contact but no answer back. Would love to use your services
We will be accepting clients very soon!
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Can you use the Augusta Rule on multiple properties if less than 14 days for each. If we have a house on the beach and in the mountains? Can we charge the s-corp for 28 days (14 each)
I'm about 90% sure that the max is 14 days. Otherwise, it mat be considered a rental business.
Hey! What’s your best email information or phone number? I tried calling but it said there were too many voicemails to leave one. I’m trying to inquire information about bookkeeping and information about questions about getting an SBA loan
We don't help with SBA loans atm. Also no room for bookkeeping clients at the moment.
@@shermanstandberry is there another practice you would recommend that is similar to yours? Thank you kindly 💙
how can I contact you to discuss further
You can join my Tax Savers Club, you'll get access to live Q&As with me, access to my step-by-step course, and monthly masterclasses: mycpacoach.com/tax-saver/