Page 9 - iNET magazine.June.2021
P. 9
Uncle Sam
Really Does Want
Your Business
To Keep Your
Money!
by Jonathan Bengel
hen I gave birth to my first child, JB that unlock their soul to connect with them. We also
Financial L.L.C., I knew he was going to learn to see our business separate from who we are,
Wgrow up to be the best child a dad could and as well as discussing the difference between an
ever ask for. Thanks to my Bachelor’s in Business S Corporation and an LLC and, when to become an S
Accounting, I knew from the beginning that if I took Corp. In addition, we discuss the best deductions they
care of my business, it would grow up to take care of can take in their companies; and finally, we have an
me. I understood clearly how the IRS wants us to tend honest conversation about documentation. You must
to our business needs, and as a result, he lets us write prove anything to Uncle Sam at all times so that you
off those deductions, thereby lowering my taxable protect your hard-earned money.
income downward. I have a few questions I’d like to ask you.
In essence, I get to invest in my business, and along • Why did you decide to become an entrepreneur?
the way, it takes care of me. • Was it because you wanted the freedom to set
I realized that most entrepreneurs do not believe they your hours?
deserve to profit because they fear the IRS will take • Or the belief that you can make more money on
away their money through taxes. Many entrepreneurs your own?
believe that they and their businesses are intertwined. • Was it because it gave you the freedom to decide
Some believe that an S Corporation will offer them when you wanted to work?
legal protection, only to find out they never were a
corporation, but instead a limited liability company. • Or maybe, it was because you wanted money and
lots of money. It’s all about profits!
Many small business owners leave a lot of deductions
on the table that hurts their bottom line and takes
away positive cash in the bank. That’s why I created What if I told you that the IRS understands this very
Rapid Tax Savings Formula, my five-week online well. He knows that you started your own business
course. I designed it to give women—and a few good because you wanted to make more money and more
men—the confidence to step into the light of who they profits. Money drives him. He needs money to pay
are, the powerful CEO they were born to be. for education and healthcare for the super poor,
In my program, I walk my students through my unique like when I was a kid growing up in the ‘ghettos’ of
PSEAD—Method™. We dive into powerful techniques Albuquerque, NM. In essence, he needs to provide for
us as entrepreneurs because we are busy producing
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