Do you know how Mark Zuckerberg combines business with pleasure?
Actualizado: 29 jun
Here are the five topics I present in this publication:
1 - Do you know how Mark Zuckerberg combines business with pleasure?
2 - Elon Musk saves 30% on his trips and vacations.
3 - Jack Ma takes advantage of the tax haven in the USA.
4 - How a drafting error can lead you to financial ruin?
5 - Discover why a tax advisor deceived LeBron James.
1 - Do you know how Mark Zuckerberg combines business with pleasure?
Any knowledgeable businessman familiar with the tax code can confirm that as long as the primary purpose of your trip is for business, all expenses, including hotels, flights, and meals, will be deductible.
To justify it, the IRS states that you must spend more time on business activities than on leisure activities.
In other words, at least 4.5 hours of an 8-hour workday.
Even though the purpose of your trip is for business, enjoy the destination and take advantage of the opportunity to enhance your knowledge, connections, and income. The important thing is to have evidence of your activities, such as invoices, contracts, etc.
Plan adequately and enjoy your travels!
2 - Elon Musk saves 30% on his trips and vacations
Turning work into a fun and profitable activity is an excellent strategy for generating wealth.
You can take advantage of your business trip to have extra leisure time without incurring additional costs by utilizing all the deductible expenses.
An additional advantage is to study the market of the place you visit and assess investments in local properties to include them in your investment strategy.
3 - Jack Ma takes advantage of the tax haven in the USA
Many people think that paying taxes is an obligation and that there is no way to avoid it.
However, the reality is that the tax code is designed to offer benefits and advantages to taxpayers who comply with their obligations and take advantage of opportunities to reduce their tax burden. Have you ever felt like you owe a significant portion of your income to the government? The truth is that you don't owe anything.
The tax code is designed to help us reduce the tax burden, and to do so completely legally.
It is not bad to want to pay less taxes, as long as we do it within the law.
4 - How can a wording error lead you to financial ruin?
The articles of organization are a legal document filed with the state to create a company and establish its basic structure, including shareholder information.
The operating agreement, on the other hand, focuses on the operational details of the company and sets internal regulations, including rights and responsibilities of the members.
Both documents should be carefully drafted to avoid confusion or legal disputes in the future.
It is recommended to seek the advice of a specialized professional to ensure they are suitable for the specific needs of the company.
5 - Discover why a tax advisor deceived LeBron James
LeBron James is the all-time leading scorer in NBA history.
Net worth: $1 billion.
Be cautious when choosing a tax accountant.
Some are not up to date with current tax laws, and others fear the tax law, so they don't learn how to take advantage of it in your favor.
A good tax accountant will work to help you reduce your taxes and guide you through the entire process.
Don't settle for a tax accountant who simply settles for filing your taxes.
Choose one who is willing to work with you to reduce your taxes and provide you with the peace of mind you need in managing your finances.
Did you know you can pay 0 taxes in the U.S. with 30 days of free accounting?
Let’s pay zero taxes!
Antonio Coa, CPA
Tax Specialist &
Accredited Investor
Antonio Coa, LLC
Whatsapp: (561) 814-4558
Antonio@AntonioCoa.com
www.AntonioCoa.com
www.instagram.com/antoniocoacpa/