1. EachPod

14 \\ The Augusta Loophole: How the 14-Day Rule Cuts Taxes for Small Business Owners

Author
Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
Published
Wed 14 Dec 2022
Episode Link
https://smallbusinessfinance.podbean.com/e/14-1-tax-reduction-strategy-for-small-business-owners/

Learn how the Augusta loophole (IRS Section 280A) can help you keep more of your money. In this episode, discover how renting your home to your business for up to 14 days a year can create tax-free income and reduce your overall business tax burden. We explain how to set the right rental rate, document board meetings, create a rental agreement, and properly issue a 1099 to stay compliant with the IRS. Whether you run an S Corporation or another small business, this strategy is simple to implement and can add thousands in tax savings. If you want practical cpa advice, clear tax strategies, and smart ways to keep more of what you earn, this episode is packed with actionable steps to legally lower your tax bill.


 


Next Steps:


💰Pay Less in Taxes – Start Here! 💰


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