Tyler Otto, MBA on LinkedIn: Man is there anything more fun than dinner with the softwares that made… (2024)

Have an awesome Dad's Day weekend everyone!

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Excited for #SNH24 next week! Looking forward to connecting with fellow firm owners for hot takes and fresh ideas on topics like commoditization, accountant shortages, capacity constraints, and, of course, AI. See you in Orlando!For conference info: https://lnkd.in/gx-qHYBQ#accountingconferences #bookkeepingconferences #accountingindustry #accountingfirms #accountingtopics #CPE #AccountingCPE

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Pardon my French...

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With how low the bar is set, this was one of our best episodes.I got to regale Jeremy on the highlights of the Accounting Today growth forum, highlight the friends we made at Xero (love yall Kelly and Tyler) and Scotty Scarano 🥶❤️🔥 drops the world premier of the Xero ‘s amazing rap!Check it out on this week’s show, Brought to you by TaxDome

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We're counting on our fellow number nerds and parents of teenagers to find a common denominator on this one! One more day until its the weekend but who's counting? 🙋

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Ready to start changing the tax industry & make awesome connections along the way! Who's coming with me?! https://lnkd.in/gC6FaxWA #taxes #tax #legal #conference #business #finance #cpa

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Ever wonder how we test our dad jokes? The results are surprisingly apparent. 🤣 Have a great weekend everyone!

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𝗧𝗮𝘅 𝗧𝗶𝗽 𝗧𝘂𝗲𝘀𝗱𝗮𝘆: 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝘁𝗼 𝗘𝗺𝗽𝗹𝗼𝘆𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗖𝗵𝗶𝗹𝗱𝗿𝗲𝗻 It's graduation season! As young graduates navigate a challenging job market and seek experience, you might be wondering about the tax benefits of hiring your own children to work in your business. This could be a great way to help them get started.How Does This Work with Taxes: •Your children can be employed by your business and paid an annual wage of $14,600. This is the standard deduction amount for single individuals. •This payment counts as a deduction for your business thus decreasing your taxable income while at the same time your children will file their own tax return and pay $0 federal income tax. How? The standard deduction of $14,600 makes their taxable income 0. •This strategy can also be combined with IRA and 401k strategies to fully maximize the benefits and get up to about $32k salary with no taxable income! •What’s the catch? This strategy only applies to children between the ages of 7 and 22—so hiring "boss babies" won’t qualify.If you want to learn more about how to fully maximize the tax benefits of employing your children, reach out with questions or schedule a free consult! We’re here to help with your tax planning strategies and get the most out of your business taxes.

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Amazing man that is a free agent. Some Company is about to get super lucky....

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