Stop Leaking Cash: 3 Overlooked Tax Strategies for Business Owners

Stop Leaking Cash: 3 Overlooked Tax Strategies for Business Owners

May 01, 20251 min read

93% of businesses overpay taxes. Why?

Because they only think about deductions at the end of the year instead of proactive tax strategy all year long.

Here are three overlooked opportunities you might be missing:

  1. Entity Optimization:

Choosing the right legal structure (LLC, S Corp, C Corp) can save tens of thousands annually when aligned with your business evolution.

  1. Owner-Employee Benefit Stacking:

Offer benefits like HSAs, that lower taxable income while increasing personal wealth. Utilize the home-office deduction, even if you work outside home for any work from done at home or utilize the Augusta Rule reimbursements on your home.

  1. Company Growth in Designated Tax-free Locations

When growing your company, invest into areas that are “designated beneficial” for a long-term investment (10+ years) and reduce or eliminate taxes on the revenue.

Example for Entity Optimization:

A client saved $70,000/year simply by restructuring their business entity and funding a business-sponsored cash balance plan.

Takeaway: "Tax planning is not about squeezing pennies — it’s about redirecting tens of thousands toward wealth you control."

A Certified Tax & Business Advisor, Cheryl has grown profitability while compounding wealth for businesses and individuals through legal and ethical tax savings and the utilization of the same dollar grown in multiple ways, thus creating lasting legacies while living life well.

Cheryl Boyles, RICP

A Certified Tax & Business Advisor, Cheryl has grown profitability while compounding wealth for businesses and individuals through legal and ethical tax savings and the utilization of the same dollar grown in multiple ways, thus creating lasting legacies while living life well.

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