30 mins

Tax Series Pt 7: Getting a paycheck from your side-hustle can DROP your TAXES by this much! #316

Show Notes

Nii addresses what putting yourself on the payroll for your side-hustle does to your taxes. We have special guest, Eric McGlothen, CPA and Founder of Eric McGlothen, LLC.

Things to expect in this episode:

Benefits of putting family members on payroll, including federal tax perks
LLC, S Corp, and C Corp strategies
The false security of W-2 employment
401Ks and paying your health insurance through your business
Wealth strategies, including retirement savings via payroll

Guest Contact Information:

Website: https://www.emac-cpa.com/
Email: info@ericmcglothenllc.com
Twitter: @emaccpa
Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/
Phone: (404) 946-1855
Youtube Show: Level Up with Eric McGlothen

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This is such an inspiring podcast! Every episode is better than the last! I just got into medical school and Dr. Darko has made me realize that the medical field has countless opportunities in addition to being physicians. We only get one life so let’s make it count and LIVE OUTSIDE THE BOX! Thank you again for all you do, Dr. Darko! I can’t thank you enough!

Thank you so much, Dr. Darko, for finding and then broadcasting the amazing, game-changing work of doctors working outside (and inside) the box. I already had my first bout of professional burnout less than a few years out of residency, but listening to your podcast has inspired me to get my head back in the game and perhaps, find my own unique contribution.

I wish this was around when I was a med student – I can’t say enough about how helpful this has been in pointing out things we as physicians don’t think about. Dr. Darko takes you through these interviews with the ease of a conversation with your colleague and you feel like he’s having aha moments right with you!

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