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The Entrepreneur DNAAuthor: Justin Colby
This podcast is focused on YOU, the entrepreneurs that want more than they have. That have experienced failure, or maybe are too scared to get off the bench because they have no guidance or advice. Maybe you are looking to finally scale your business and create the life you dreamed about. Justin and his guests will advise you in all of the ways they have become successful in business, along with all of the miss steps to avoid. This is not just all about business as these interviews gets personal and can bring just as much value to your personal life as it does to your business. I hope you enjoy, each and every episode as they are guaranteed to deliver. Language: en Genres: Business, Entrepreneurship Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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The Ultimate Tax and Asset Protection Plan for Entrepreneurs | Tommy Thornburgh | EP 37
Monday, 16 September, 2024
SCHEDULE YOUR CALL TODAY for Entity Structure + BOI Filing for $0 + State Fees & Hard Costs! Go to http://primepartner.info/EntrepreneurDNA --- Today I sit down with my good friend Tommy Thornburgh, a tax and business expert from Prime Corporate Services, to dive deep into critical tax strategies and asset protection tactics for entrepreneurs. Tommy shares key insights on how business owners can avoid hefty $500/day fines by staying compliant with new government regulations and highlights the importance of proactive tax planning throughout the year. He explains how leveraging tools like Health Savings Accounts (HSAs), real estate depreciation, and business deductions can help entrepreneurs save thousands in taxes. The conversation also covers the significance of properly structuring business entities to maximize tax benefits and safeguard personal assets, as well as the often-overlooked importance of setting up trusts for estate planning. Tommy provides real-life examples, from using the Augusta Rule to avoid claiming rental income to navigating complex tax deductions, all aimed at helping entrepreneurs protect their wealth while growing their businesses. Whether you're a new or seasoned business owner, this episode offers a comprehensive guide to optimizing your tax strategy and ensuring long-term financial security. --- Connect with Tommy! Instagram - @tommythornburgh LinkedIn - linkedin.com/in/tommy-thornburgh-9495a3b9 Website - https://www.primecorporateservices.com Tommy Thornburgh, President of Prime Corporate Services, is an incredibly accomplished and highly sought-after business advisor with more than 15 years of industry experience in entity formation and tax strategy. On top of helping entrepreneurs establish their own businesses, Tommy maintains a diverse set of entrepreneurial ventures of his own in real estate, stocks, and more.
