Sandy Botkin's "Lower Your Taxes - BIG TIME!" offers extensive guidance for small business owners and the self-employed to legally minimize their tax obligations. Drawing on the author's experience as a former IRS insider, the book reveals numerous strategies for maximizing deductions related to home-based businesses, meals, travel, vehicles, and home offices, while also providing advice on navigating IRS audits and understanding different business entity structures. The text underscores the significant tax advantages available to those with their own businesses compared to traditional employees. It further explores various wealth-building tax secrets, including fringe benefits, income-shifting techniques, and planning for investments and retirement. The book also addresses common tax myths, potential scams, and highlights from the 2017 Tax Cuts and Jobs Act, aiming to empower readers to take control of their tax planning. Ultimately, it serves as a practical manual for reducing tax liabilities and enhancing financial well-being through informed and proactive tax strategies.

Full podcast episode available here:

YouTube: https://www.youtube.com/playlist?list=PLMvxvfJimu-12rOH6fpAQtGtNUZzDVB2B //

Spotify: https://open.spotify.com/show/3Z75bmdxiaHuXCsZNrIEvF //

Apple Podcasts: https://podcasts.apple.com/us/podcast/busy-tax-consultant-the-best-books-reviews/id1809329141 —

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