Saving on Taxes to Retain Wealth with Tony Watson (Ep. 30)

We all want to save as much as possible before heading into retirement. So, how to protect the wealth we save from high tax rates? In this episode, Robert Curtiss is joined by Tony Watson, senior tax consultant at Robert Hall & Associates. This week, Tony explains how to protect wealth and decrease taxation. He also unpacks some corporate strategies while detailing how transforming a corporation into an LLC provides new opportunities to secure wealth for the future. Rob and Tony discuss: When is a good time to incorporate entities into investment plans How taxation through a corporation differs from self-employed taxes The benefits of self-employment taxation  Reasons insurance is not a substitute for entity structures The importance of working with a professional when developing new tax strategies The value of planning ahead And more!  Resources: Educational videos (bottom of the page) The Many Facets of Insurance: Here’s What You Need To Know with Dana Dattola (Ep. 25) Connect with Tony Watson: LinkedIn: Tony Watson Robert Hall & Associates Connect with Robert Curtiss: [email protected] (626) 795-2944 About Robert Curtiss  LinkedIn: Robert Curtiss Facebook: Robert Curtiss SEIA LinkedIn: SEIA About Our Guest: Tony Watson manages clients with over 350 million dollars in real estate holdings and has spoken for hundreds of trade organizations throughout the state of California.  Holding a federal license as an Enrolled Agent tax practitioner, Tony can advise, represent, and prepare tax returns for individuals, partnerships, corporations, and any other entity with tax-reporting requirements. Currently, Tony holds educational workshops helping his clients navigate the complex tax environment for real estate investors. Aside from his full-time position at Robert Hall & Associates, Tony is an active real estate investor and entrepreneur and enjoys short and long-term trading. With over a decade and a half of experience, Tony (along with his team at Robert Hall & Associates) actively looks for the newest and most up-to-date strategies to implement on client tax filings.