Taxes! Are you tired of paying a huge amount of taxes? They're part of agency life and as an agency owner it can be daunting. Finding the best tax advice for you can also be hard. I had a great question come in about minimizing taxes and paying yourself, the owner. Here's what you can do to reduce the overwhelm...
Derek asked: "How should agency owners pay themselves? I'm trying to reduce the large amount of taxes I'm paying. My CPA said I should be paying myself less salary and take more in distributions through the business instead. I just want to do whatever is in the best interest of my personal and business finances. What do you think?"
Check out this video for my 2-cents, but also make sure you talk to your CPA or other certified expert to sure you're making informed decisions that are right for you and your business.
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JASON SWENK IS AN AGENCY ADVISOR THAT GUIDES MARKETING AGENCIES THROUGH A PROVEN FRAMEWORK FOR GROWING THEIR AGENCY FASTER & EASIER.
Fresh out of college Jason was off to work for Arthur Anderson, one of the big 5 consulting firms. He quickly realized that he could never work for anyone other than himself. He decided to change direction, launch a digital agency that quickly grew to a multi-million dollar operation working with brands such as AT&T, Hitachi and Lotus Cars. After 12 years of steady growth, the agency caught the attention of bigger agencies and Jason sold it in 2012.
Now, Jason leads [ Ссылка ], a unique media company & consultancy helping marketing agencies grow & scale their agencies faster by applying the framework that he used to grow, scale and eventually sell his agency. Jason has helped over 10,000 agencies in 23 countries meet or exceed their business goals.
Jason currently hosts two shows that are available for download…
The Smart Agency Master Class Podcast, dedicated to providing tactics and strategies to agency owners and decision makers that cut through the BS, focus on exactly what works and what doesn’t; and
SwenkToday a daily VLOG that documents the entrepreneur journey of building another multimillion dollar business, where he share the latest strategies, and answers the most burning questions entrepreneurs have.
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HOW TO MINIMIZE MARKETING AGENCY TAXES: SHOULD THE AGENCY OWNER BE ON PAYROLL? | Minimize Taxes
