🔺 How to make $14,000 tax-free every year! #shorts

813.4K viewsabout 2 years ago0m 42sScore: 80

Sean Pan

Pricing & Profitability
intermediate
Tax Strategy
Bookkeeping
Expenses
LLC Structure
Profitability

Summary

The video explains the Augusta Rule, a tax strategy where business owners can rent their primary home to their own company for up to 14 days per year, deducting the rent as a business expense and receiving the income tax-free personally. The example demonstrates renting the home to the business for $1,000 a night, allowing for a $14,000 deduction from the company's profits and tax-free income for the owner.