Hiring Your Spouse: Business Boost or Bust?
Do you want to learn the ins and outs of hiring your spouse for your small business? In this episode of the Small Business Tax Savings Podcast, Mike takes a deep dive into the tax implications of hiring a spouse and how to make sure you stay on the right side of the law. Learn about the advantages and disadvantages of taking this route, such as increasing retirement contributions and gaining access to fringe benefits, but also paying additional taxes.
Mike explains why having your spouse serves as a board member may be more beneficial than simply having them work for you, what documentation must be kept in place, and how to best utilize this strategy to maximize tax savings for your business.
Tune in now and listen as Mike teaches the ins and outs of hiring your spouse for your small business!
00:27 Maximize Your Retirement Savings
02:23 Reasons To Hire A Spouse
06:04 The Benefits And Disadvantages Of Hiring Your Spouse
12:20 Closing Segment
______
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
IncSight Packages: https://incsight.net/pricing/
Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
--------
To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com
-
LIVE
LFA TV
16 hours agoThe Party of 'Joy' Incites More Violence Against Trump | Trumpet Daily 9.16.24 9PM EST
584 watching -
LIVE
Abigail Joy
1 hour agoTrump LIVE Spaces - Assassination Attempt # 2 x World Liberty
340 watching -
3:05:43
WeAreChange
4 hours agoTrump Speaks About 2nd Assassination Attempt And New Developments
76.1K21 -
LIVE
Drew Hernandez
12 hours agoHOW COULD FL TRUMP SHOOTER KNOW TRUMP'S SCHEDULE?
2,636 watching -
1:00:13
The StoneZONE with Roger Stone
3 hours agoSecond Assassination Attempt on Trump – EXCLUSIVE Analysis w/ Jack Posobiec | The StoneZONE
28.4K6 -
LIVE
Tundra Gaming Live
7 hours agoThe Worlds Worst Horror Streamer Has Heart Attack Playing LAYERS OF FEAR
254 watching -
1:02:13
Donald Trump Jr.
8 hours agoButler. Now this. A Second Assassination Attempt. Plus, Journalist Chris Rufo Joins TRIGGERED Ep.174
113K226 -
1:22:27
Sarah Westall
3 hours agoThe Cult Mind, Controlling Science, History, Literature w/ Matthew Ehret
45.4K3 -
1:36:52
2 MIKES LIVE
10 hours ago2 MIKES LIVE #117 We're Back Home for Deep Dive Monday!
26.5K2 -
33:43
Standpoint with Gabe Groisman
5 hours agoEp. 49. Another Assassination Attempt. Former FBI Agent Rob D'Amico.
35.5K2