Tax Strategy: Board of Directors

The Board of Directors strategy, is about fortifying asset protection, triumphing over potential IRS audits, propelling your business to new heights, and locking in your commitment to your business goals. Regardless of whether you have a small business just yet or have an LLC, you too, should have a board, and in this video, we’ll dive deep into the nitty-gritty of this game-changing tax strategy, ensuring you have a crystal-clear grasp of how it works.
We’ll discuss the types of entities with a board, where to document it, and why you should. But that's not all; we’ll delve into the five key reasons why you should have a board of directors.
If you find this video helpful, hit that like button and share it with fellow entrepreneurs. Drop your questions in the comments, and I'll answer them. Explore my comprehensive course on my website for a deeper dive into tax optimization. Remember, mastering taxes doesn't have to be daunting-I'm here to guide you toward financial success!
🔗Links to my Website and Course:
🌐 My Website: navimarajcpa.com/
👨‍🏫 Enroll In My Course - Small Business Taxes: From Knowing Nothing to Savings Thousands: navimarajcpa.com/learn/
📁 Setup your LLC or Corporation for FREE 📁
FileYourBusiness.com: www.fileyourbusiness.com/
Inc Authority: bit.ly/incauthoritycoupon
IncFile: bit.ly/incfilecoupon
ZenBusiness: bit.ly/zenbusinesscoupon
⏱️ Video Time Stamps ⏱️
00:00-00:49 - Intro to Board of Directors Tax Strategy
00:50-04:05 - Board of Directors Tax Strategy Explained
04:06-09:18 - 5 Reasons to have a Board of Directors
09:19-09:56 - Meeting Ideas
09:57-13:46 - Make Your Dining Deductible
13:47-18:32 Make Your Travel Deductible
18:33 - Intro to Navi Maraj, CPA
If you learned something from this video, please like and subscribe and follow me on my various social media handles below. If you would like to contact me with a specific question, please visit my website or leave me a comment.
Website: www.navimarajcpa.com
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This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.
© Navi Maraj CPA PLLC. All rights reserved.
#taxstrategy

[@strll3048]

Brilliant!!! I had no idea. Thank you very much indeed. Please allow me to mention that I needed to make the playback speed slower to 0.75 so that I could follow you properly. I normally don't need to do this.

[@NaviMarajCPA]

You’re welcome! Noted about the speed - admittedly I did have the editor speed it up so the video wasn’t over 20 minutes long. I’ll be mindful of that in the future.

[@Peter-fq4im]

Haha! That makes more sense. As someone who listens to most things on 1.5x speed, I had to drop this to 1.0.
I had an audible "alright Navi, is being efficient today, I love it!"
Thanks for the content!

[@jeanetteandrada917]

This video is amazing and just the information I am looking for. One question, if there is a HRA setup for the spouse/employee, would they still qualify to be on the board of advisors? Can both tax strategies be leveraged?

[@soccerleaguenetwork]

Does your training come along with the BOD templates, as well as templates for other tax strategies?

[@therjfirm]

Navi, PLEASE make a video about the BOI report, PLEASE.