Key Takeaways:

1. Know When Money Comes and Goes Good money planning isn’t just about how much you make—it’s about when you make it and spend it. If you time it right, you can lower the taxes you owe.
2. Retirement Plans = Double Win Using retirement plans like a SEP or solo 401(k) helps business owners save money for later and pay less in taxes now. It also makes workers happier!
3. Spread Out Big Money Moments If you suddenly make a lot of money (like selling a business), you might have to pay a lot in taxes. But you can sometimes stretch the income over a few years to avoid one giant tax hit.
4. Help With Health = Save on Taxes Using tools like HSAs and FSAs lets employees pay for health stuff tax-free—and it gives the business some tax savings too. It’s a win-win!
5. Tax Laws Change—Stay Sharp! The government changes tax rules often. Knowing what’s new helps you make smarter money moves and avoid surprises.

Chapters:

Timestamp Summary

0:00 Complex Cash Flow and Investment Planning Around Taxes

2:48 Strategies for Managing Taxes on One-Time Income Events

5:40 Navigating Tax Incentives and Employee Retention Strategies

7:56 Tax Benefits of Retirement Plans and Health Savings Accounts

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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.