User
Write something
Navigators Call is happening in 5 days
Pinned
Welcome to The Tax Strategy Network!
You’re in the right place if you want to legally reduce taxes, keep more of what you earn, and have ongoing support as you actually implement strategies in real life.​ How the community is structured We keep things simple with three levels so you always know what you have access to and where to go next.​ - Free Forever (everyone starts here) – This is the open community where you can join discussions, see updates, and get a feel for how we think about tax strategy for business owners.​ - Navigators (labeled “Premium” in Skool) – This is for people who want access to all of the tools, trainings, and resources I’ve created (and will create) to help you design and implement tax strategies on your own.​ - VIP Tax Plans (labeled “VIP” in Skool) – These are clients who have purchased a custom tax plan; they get everything in the lower levels plus classroom resources built specifically to help operate the strategies in their plan throughout the year.​ What Navigators get If you’re in the Navigators level, you unlock the full Classroom, all current and future trainings, and our weekly live call.​ - Weekly Navigators Call: Thursdays at 3 p.m. Eastern (already on the Skool calendar).​ - Deep-dive trainings on specific strategies, tools walkthroughs, and implementation guidance so you can confidently apply what you’re learning.​ What VIP Tax Plan clients get If you’re in the VIP level, you have a personalized tax plan that lays out the math, what to do, and how to do it.​ - The Classroom includes step-by-step resources tailored to operating the strategies in your plan—things like accountable reimbursement workflows and other “how do I actually do this?” guides.​ - As life and business happen during the year, you can refer back to these resources to make sure each strategy is set up and executed correctly.​ Your first action: Coffee Break with Neal No matter what level you’re in, the best way to plug in is to add our weekly Coffee Break with Neal to your calendar.​
2
0
2 New Modules - Family Management Company Strategy
You'll see 2 new modules in the classroom: - The Secret Engine: The Family Management Company - Implementation - FMC Assets Based on the limitations in the skool platform I decided to break these up into two modules. The core strategy is available to everyone for free. The implementation checklists and other assets are available to premium and VIP members. I want to go back and revise the other modules into this split format as well so that the maximum number of people can get the strategy information.
0
0
Coffee break
Skool says I'm supposed to get a notification when the live replay is ready for downloading. Nothing yet and it's been 30 minutes since I ended the stream. I guess we'll see how it goes. The original plan was to post replays for people.
Education Assistance Plans - Section 127
I just uploaded a training module on Section 127 plans in the classroom. It's available to navigators and up. Section 127 allows for employers to pay employee benefits that are tax-free to the employee but are still deductions to the employer for the purpose of educational support. It could go towards tuition. It could go towards student loans, which is an expansion created during Covid and is now made permanent by the One Big Beautiful Bill Act. The student loan expansion has been a real game changer in the usability of Section 127 plans. As always there are nuances and technicalities that have to be followed and the course gets into a lot of those. Definitely worth checking out if you are in higher education, job training, or have student loans.
0
0
Some bookkeeping basics
For people using bookkeeping buddy it’s worth having a basic understanding of a few concepts. You can let the ai do its magic for you, but if you have questions then learning this little bit can be helpful. Types of transactions that show up in back and credit card statements: Income - someone paid you for a good or service Expense - you paid for a good or service that was consumed. There’s no residual value after using the good or service Transfer - transfer in to the company from a personal account, transfer out from the company to a personal account, or transfer between one company account and another. These are ignored for profit & loss purposes. On bookkeeping buddy you will see them grayed out. Asset and liability payments - these are explicitly not supported by bookkeeping buddy. Generally they will be disregarded as transfers Here’s an example of a bundle of transactions that you might see: Pay phone bill with credit card $150 Receive money from customer $700 Pay the credit card bill $400 Withdraw $50 to personal checking. The $150 is an expense The $700 is income the $400 credit card payment and the $50 withdrawal are both transfers and ignored for p&l purposes Net income: 700 - 150 = 550
1
0
1-10 of 10
The Tax Strategy Network
skool.com/tax-strategy-network
Discover and implement proven tax strategies used by smart owners to legally reduce taxes and keep more of what you earn
Powered by