Episode 48: Tax Savings Tips with Jason Osser, CPA

Jason Osser graduated from State University of New York at Oneonta with a Bachelor of Science in Accounting and Economics, and from Binghamton University with a Master of Business Administration with a concentration in Human Resource Management. After relocating to the Washington, DC metropolitan area in 1996, Jason held a series of accounting positions, from staff accountant to controller, until he decided to own and run his own business. Since leaving corporate America over 15 years ago, Jason has been a successful franchise business owner, an accounting and small business expert, a Certified Public Accountant, a real estate investor, and an adjunct professor at local colleges. Jason’s diverse experience enables him to bring insights into how to create a growing and successful small business through disciplined accounting best practices and tax planning. This episode talks about: Jason’s CPA tax practice and what the types of businesses he focuses on The importance of identifying and making the right business entity selection. The 4 most common types of business entities and their differences Qualified business deductions Who is eligible for the qualified business income (QBI) deduction or the Section 199A? Do businesses get taxed differently from individuals? What is a pass-through entity? Taxes for franchises How do small business owners reduce their taxes and take control of their businesses? What is “QuickBooks”? What is a Self Directed IRA (SDIRA)? Advantages? Disadvantages? Required Minimum Distribution (RMD) and how it is calculated? How to set up a self-directed IRA? Rules to follow when engaging in a transaction using your self-directed account. Recourse vs. Non-Recourse Loan, differences with tax deductions? Can you invest in a real estate syndication with your retirement account? Recommended book- “Riding Quickbooks to the Promised Land” To connect with Jason Osser, please visit: 👉Company Website:➡️https://ossercpa.com 👉Linkedin ➡️ https://www.linkedin.com/company/jason-s--osser-cpa-&-assoc-/about 👉Facebook ➡️ https://www.facebook.com/ossercpa 👉Twitter ➡️https://twitter.com/ossercpa 👉Email: 📧[email protected] 👉Contact Number 📞 571.331.1652 👉To learn more about what we do and how we can help you grow more wealth, please visit ➡️ https://finassetprotection.com 👉You can also schedule a free call with us: ➡️ https://calendly.com/financialservicesins 📢💡 📚 Free "Thinking Like a Bank" ebook. Learn to think like a bank by downloading a free copy here: ➡️ https://thinkinglikeabank.com 🚧 👉 **Not intended to be financial advice. Please consult a professional who knows your specific situation.