Navigating the Complexities of Tax Planning

Attention business owners: Did you know that the 21% tax on corporations and the phase-out of bonus depreciation could significantly impact your operations? In conversation with my mother and seasoned CPA, Lori Olson, we discuss the crucial balance between tax planning and business decisions. Remember, it's not just about avoiding taxes; it's about aligning your depreciation strategy with your company's cash flow. "Not being honest and getting caught at it is probably the biggest mistake. Intentionally understating income is probably the worst thing you can do." - Lori Olson What you will learn: Tax Cuts and Jobs Act Sunset Child Tax Credits Roth vs. Pre-tax Contributions Consulting a CPA and Financial Advisor Learn more about Adam Olson by visiting the following links: Facebook Personal Website Business Website -- Investing involves risk, including loss of principal.    Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions.  Any strategies discussed may not be suitable for everyone.  Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.  Adam Olson, Representative.  Mutual of Omaha Investor Services is not affiliated with any entity listed herein.  This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product. Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties.  Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.