272: How the New Tax Law Impacts Entrepreneurs and Side Hustlers


Side Hustle Nation is dedicated to improving your personal profitability. To do this, we often partner with companies that share that mission. If you sign up or make a purchase through one of our partners’ links, we may receive compensation—at no extra cost to you. Learn more.

How much will you save from the new tax law?

It turns out that while there are some great “gives” from Uncle Sam for entrepreneurs, there are several potentially costly “takes” as well.

Death and taxes, right?

To help talk through how some of the most important tax law changes will impact your bottom line, I invited Josh Bauerle from CPAonFire.com back on the show.

You might remember Josh from episode 208 where he answered tax questions from the Side Hustle Nation community.

This time, Josh talks through the new benefits for pass-through entities, changes in C-Corp taxes, the new standard deduction amounts, changes to child tax credits, and more.

Tune in to hear Josh talk through the most important tax changes and how they affect you as a small business owner or side hustle entrepreneur.

Free Bonus: Download Josh’s New Tax Law Breakdown

Download the Free PDF "Highlight Reel" from this Episode

With all of my guest's top tips and resources included.

Enter your email to access it now:

You'll also receive my best side hustle tips and weekly-ish newsletter. Opt-out anytime.

Subscribe to The Side Hustle Show on iTunes!

Subscribe to The Side Hustle Show on Android!

Subscribe to The Side Hustle Show via RSS!

Or use the player app above to listen right in your browser.

Sponsors:

freshbooks-logo

Learn:

  • How the tax rate changes for pass through entities can save you money.
  • What the changes are for C Corporations are.
  • What doubling the standard deduction allowance means for you.
  • What the changes to child tax credits are.
  • How the elimination of the personal exemption deduction will affect you.
  • Changes to property taxes in California.
  • Where you can make the most of these new changes to save money on your taxes.
  • Josh’s #1 tip for Side Hustle Nation.

Links:

Download the Free PDF "Highlight Reel" from this Episode

With all of my guest's top tips and resources included.

Enter your email to access it now:

You'll also receive my best side hustle tips and weekly-ish newsletter. Opt-out anytime.

Like That? There's More!

Join the 75,000 Who Get My Best Stuff via Email

I'll also send you my free guide: The 5 Fastest Ways to Make More Money.

1 thought on “272: How the New Tax Law Impacts Entrepreneurs and Side Hustlers”

  1. One of the best podcasts in a long time. Thanks.

    One additional thought on the question about CPA versus Tax Attorney. Anyone who is thinking of something really risky regarding any tax avoidance strategy.

    If you ever do get into a situation where you are facing possible legal action by the government, state or federal, if the government chooses to they can subpoena your CPA and compel him or her to reveal whatever issues you two discussed. There is no legal CPA/client privilege. Anything you discussed, even in jest or just brainstorming has to be revealed.

    If you consult a tax attorney on the same matters, your discussion is covered by attorney client privilege in all states and can be legally kept completely confidential.

    A small point perhaps, but it could be really important at times.

    Reply

Leave a Comment

Usually Hustling, Occasionally Social

1percentfortheplanet
plutus winner

CONTACT    BOOKS WRITE FOR US    SPONSOR    MEDIA