Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!
Do you have money that has yet to be taxed from your business and are wondering if you should pay the tax or if there are investments that provide tax advantages? I'm not talking about merely kicking the can down the road and delaying taxes, but ways to actually save tax without just spending more money. When you spend to save tax, I refer to it as "the tax tail wagging the dog" because it doesn’t make sense to spend a dollar to save 37 cents. Is it best to just pay the tax now, delay or find ways to permanently save? You’ll know after today’s episode of Ask The Money Nerds.
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