Did you know you could employ your kid and build a tax free college savings plan without them actually working? Our guest on this show, John Pollock, shares this tip amongst many others to help reduce your tax burden as a small business owner. John is the CEO of Financial Gravity and he has helped hundreds of entrepreneurs find legal, moral and ethical ways to lower their taxes and raise their profits.
John also talks about audit risks and how they are not something to be feared and the basics on how different business structures work. This is a must hear/watch episode for the small business owner!