Courtney Epps: How a Home-Based Business Can Save $4,000 in Taxes

What this episode covers

About Courtney Epps: Courtney is a tax strategist, international speaker, and author of the best-selling books More Relaxing Less Taxing & What’s Your Plan B?. She owns a full-service accounting firm called OTBTax in South Carolina and serves clients in every state. She has owned her practice for twenty-three years. OTB Tax hit #538 on the Inc 5000 in 2020. What sets the firm apart is the tax strategy that it offers to clients, as the focus is not just to prepare returns but to free up money legally, morally, and ethically. She has developed a broad expertise in industries including traditional, home-based, and network-marketing businesses. She works with clients from start-ups to $100 million companies. Courtney's Mission: To teach more people on how to free up money through tax strategy, so that we can help more, have more, so that they can live more, and give more. In this episode, Jennie Bellinger and Courtney Epps discuss: Tax Benefits of Home-Based Businesses Proper Business Structure Saves Money Hiring Kids as Business Employees Network Marketing as a Tax Strategy Opportunity Legal Ways to Reduce Tax Liability Key Takeaways: Entrepreneurs can save thousands by properly structuring their home-based business and tracking legitimate expenses. Hiring your children as employees isn't just a family benefit - it's a powerful tax strategy, and kids can be paid for marketing, modeling, or other business-related tasks, shifting income and creating tax deductions. Business ownership, particularly through network marketing, offers legal pathways to reduce tax liability and create financial flexibility. Not all tax professionals understand the nuances of home-based and network marketing businesses, meaning that finding a specialist who comprehends these unique business models can potentially save entrepreneurs significant money annually. Implementing smart approaches like S-corporation elections and understanding specific tax codes can dramatically reduce overall tax burden. "Would you rather pay me, or would you rather pay the IRS? Because I'm a tax deduction, the IRS is not.” — Courtney Epps Connect with Courtney Epps: Facebook Name: https://www.facebook.com/profile.php?id=61564990384048 Facebook Business Page: https://www.facebook.com/otbtax Facebook Group Name: https://www.facebook.com/groups/600944833691407 Instagram Link: https://www.instagram.com/courtneyeppstax/ Link to Gift from Courtney Epps: Book a FREE 15-minute tax strategy session with Courtney to see if we can go back and find you money, and find out we can implement to help you keep more of your hard-earned money moving forward. Link: https://bit.ly/otbtaxstrategywebinar Connect with Jennie: Website: https://badassdirectsalesmastery.com/ Email: [email protected] Facebook personal page: https://facebook.com/jbellingerPL Facebook podcast page: http://facebook.com/BadassDirectSalesMastery Facebook group for Badass Crew: https://facebook.com/groups/BadassDirectSalesMoms Instagram: https://instagram.com/BadassDirectSalesMastery Personal Instagram: https://www.instagram.com/thedirectsalesdomme/ LinkedIn: https://linkedin.com/in/BadassDirectSalesMastery The Badass Direct Sales Mastery Podcast is currently sponsored by the following: Bella Grace Elixir: https://shopbellagrace.com/?ref=jenniebadassdirectsalesmastery LeadBuddy Digital Marketing: Use code BDSM when checking out at https://leadbuddy.io/pro-monthly-9310?am_id=jennie582 Show Notes by Podcastologist: Hanz Jimuel Alvarez Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.