Do Things Podcast

078 | Save Taxes Now, Build Wealth Forever

Informações:

Sinopsis

If you've ever asked, “How can I pay less in taxes?” — this episode is for you.Todd Frazier, CPA and business strategist, breaks down the most effective and underutilized way to reduce your tax burden and build long-term wealth: starting a business. Whether you're a high-income W-2 earner tired of handing 30–50% to the IRS or just looking for a legitimate side hustle, this episode gives you the roadmap to take action now.You’ll learn:Why traditional deductions won’t move the needleHow a sole proprietorship can save you thousands (with zero startup cost)The “2-out-of-5 rule” every new business owner must understandWhen to upgrade from Schedule C to an S Corp for even bigger tax benefitsThe real reason 74% of the world’s wealthiest people are entrepreneurs (and why 0% are just employees)The difference between a business and a hobby in the eyes of the IRSYou don’t need a fancy idea or a tech startup — you just need something people will pay you for. Todd explains how anyone can start today and build a ta