9: How to Dictate What You Pay in Taxes to Protect Your Cash

Not knowing how to pay less in taxes legally turns into a tax surprise that typically ends up with you overpaying in taxes because of it. You need to leverage a tax code so that you can legally reduce your tax liability so that you can protect your cash and put that extra savings towards building your financial legacy like your retirement and investments. In this episode, I'll share how to think about your tax planning so you can end the year with no tax surprises and even more cash to support your legacy.7 Overlooked Tax Strategies for Digital Entrepreneurs: lovelyfinancials.com/tax05:49 — What to consider so your tax plan aligns with your major personal goals07:09 — Understand the role of every financial team member so there are no tax surprises11:07 — How to know if it's the right time to change your company's tax structure from sole proprietor to S Corp16:28 — 3 ways an S Corp can help you pay less in taxes legally 20:02 — Getting creative with how your everyday tasks and projects you can deduct without reducing your taxable income🎉Enter the Harmonious Wealth Hour Giveaway! 3 people will win a 1:1 Harmonious Wealth Hour call where we will identify your biggest financial goal for the next 12 months and create a plan for you to achieve it! Subscribe to Harmonious Wealth on YouTube and your favorite podcast app Leave a review on Apple PodcastsTake a screenshot of the review and submit in the Review Form here so we can email you if you win You have until Thursday, April 25th to enter and we'll select three winners,  who will be notified by email!💸Register for the Free Webinar: Your Revenue Goals Don't Matter If You Don't Have the Lifestyle and Legacy Plan to Show for Itlovelyfinancials.com/openhouse---Email Series - Heal your relationship with money and grow wealth through your business. Each week you'll receive tips on how to face your money, improve your profit, manage the money you have and, more importnately, harness the wealth within through your faith. Bookkeeping - Receive bookkeeping with NO tax surprisesProfit Planning Intensive - Increase your profit by 25%---Connect with Iyanna: YouTubeInstagramEmail Website