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WHAT IS §162 EXECUTIVE BONUS PLAN? An executive bonus plan is a way for business owners or companies to provide additional supplemental benefits to key employees or executives of their choice. When structured properly, it has the ability to provide advantages to both employers and employees. When used effectively, it can be a valuable tool to attract and retain key executives….
Shifting is the act of moving the flow of money from an entity or person to a different entity or person in an effort to reduce the tax paid by an entity or person. The most audited and most used business entity is the sole proprietor, and it’s the default filing position of the LLC. So it is the most “chosen” entity (not choosing is choosing the sole prop.) SHIFTING to a less audited and lower taxed entity is not shifty it’s…
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