The 2 Greatest Threats to Your Business in 2022 – Inflation and Taxes.

The 2 Greatest Threats to Your Business in 2022 – Inflation and Taxes.

Top 10 tax deductions to think about

Sandy Botkin is a CPA and lawyer who understands the new tax laws from both sides. In this session, he will share how you can lead your clients to larger tax savings! The biggest risk to your business in 2022 is inflation & taxes. If you’re paying extra for goods & services, so is the government. So, it’s likely there’ll be a tax increase in 2022… What can you do about it?

Over 90% of business owners are overpaying on their taxes.  NINETY percent! That’s money you are essentially giving away to the IRS. It’s time to stop giving away your hard-earned money and start keeping it for you, your family, your business, and charities you care about, especially given the recent rise in inflation.

Join us for Power Session LIVE with former IRS Tax Attorney, Sandy Botkin to learn the steps you need to take to keep more of your hard-earned money.

Key takeaways:

  • How to offset the impact of inflation on your tax bill.
  • 5 strategies that the wealthy are using to lower their taxes, despite a likely increase in rates.
  • How to use the Employee Retention Tax Credit for business owners.
  • How to stash away big chunks of money tax-free in a retirement account that makes a government pension look weak. Most small business owners miss out on this – especially those with a side hustle.
  • How to get a 100% tax write off for your kid’s hobbies, activities, college & even weddings!

Agenda:

  • 10:30: Intros
  • 10:35: Sandy Botkin presents: The 2 Greatest Threats to Your Business in 2022 – Inflation and Taxes.
  • 11:30: Real Wealth® updates
  • 11:35: Q&A
  • 12:25: Closings
  • 12:30: End

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We asked participants: What’s the one best thing you learned from this presentation? What are you going to do differently in your business now that you’ve heard these ideas?

“Tax tips. Buy the books. It’s good.” -Stan Allen

“Various Strategies. Share some of the ideas. Do a specific client plan from beginning to end to recommendations.” -Joseph Aragona

“You are doing great.” -Nilesh Bajaria

“Reminders on deductions.” -George Barzizza

“Small business write off’s (children). Keep better tax records.” -Barb Ernst

“Join.” -Chris Everett

“Deductions. Get a new CPA.” -Kati Falk

“New tax strategies for business owners. Gain more knowledge.” -Alan Farley

“Join the monthly program, “Midas IQ.”. Use Tax Planning w/ my Clients. It’s always been great. I have bragging about Jim, the entire RWM Team and, of course, actively promoting the monthly Webinar (2nd Friday 11:30am-1:30pm EST) to my NAIFA Maryland friends. Well, the Buddy Pass worked this month for many NAIFA Los Angeles & NAIFA California members too.” -Michael Garrity

“Tax tips that I was not aware of.” -Zee Glavan

“Taxes.” -Danny Hankins

“The employee retention credit. Drive the second car. I’d like a copy of the resources promised in the final slide :).” -Hans Heath

“I’m doing the right things. Might sign up for his service to effectively have a tax advisor on retainer. Thank you for your programming.” -Kevin Jones

“Some specific tax tips/tricks. Take advantage of some tax tips.” -Steve Leslie

“ERC. Communicate these with owner clients.” -Joseph Mann

“Many options for tax planning. Be more proactive in this area.” -Gina Mills

“Time for me to save even more taxes. Go even deeper into tax savings with A clients. I didn’t realize you’re just down the road in Fond du Lac.” -Erkki Peippo

“Driving 2 cars to get more tax deductions. Pay more attention to tax deductions as advisor. Great job for all of you of Real Wealth Marketing and Power Session Live webinars.” -Javier Perez

“Maybe I can deduct my home office. Measure it and tell my CPA. Did have the audit fear. Options to share with clients on some deductions. Thanks for getting me in.” -Robert Priganc

“Lease back to relatives of business property.” -Judith Shonnard

“Consumers are unaware of their deferred tax bill. Create a new elevator speech. Thanks for the link to today’s webinar. Keep up the great work.” -Charles Welde

“So much. I’ve purchased other programs from Sandy before so good hearing updates, plus new strategies. I’m very interested in the MidasIQ plus the RealWealth Tax planning. I’ve been in process with creating another talk/webinar that I’ll be giving later this month and part of it will include Wealth Transfers and the one I was going to discuss was Taxes so I have some things outlined but will add in other pieces I learned today. Thank you. I would like to be more tax strategy focused. It is an area I discuss, but to learn more to share more, and to be that key go-to value asset for clients, which will also help me grow my practice. I use MoneyTrax and have gone thru a certification of Reverse Mortgages by Fairway. I will upgrade my Real Wealth account.” -Tonya White

“Tax savings opportunities. Great as always; like the new banner at the end.” -Gail Van-Nest