#116 with Kelly Erb - Tax Expert Breaks Down Trump Taxes and Big…
About This Episode
Tax expert Kelly Erb joins Shaan Puri to demystify Donald Trump's tax returns and share tax-saving strategies for small business owners. Later, Sam Parr joins to brainstorm 'productized services' and discuss the controversial Coinbase memo regarding corporate neutrality in politics.
Episode Description
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Key Takeaways
Business owners should meet with tax professionals quarterly rather than annually to proactively identify deductions and credits like the R&D credit or solar incentives.
A profitable business model can be built by 'productizing' freelance services from marketplaces like Fiverr, adding premium branding, and selling them at a significant markup.
Qualified Small Business Stock (QSBS) is a powerful tax incentive for C-Corp founders that allows for up to $10 million in tax-free federal capital gains if stock is held for five years.
Business Ideas Mentioned
Productized Freelance Service Arbitrage
Agency
Custom Niche Portrait Canvas Shop
E-commerce
Textbook Show-Your-Work Solution Guides
Content & Media