The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners

The Lawyer Millionaire: Business and Financial Planning for Law Firm Owners


Save Big Before Year-End: Essential Tax Moves for Law Firm Owners (Ep. 89)

November 18, 2024

On this episode of The Lawyer Millionaire Podcast, host Darren Wurz provides an in-depth analysis of year-end tax planning for law firm owners. Darren covers a range of strategies from maximizing retirement contributions to effectively managing income fluctuations and making charitable donations. He also highlights the importance of avoiding common tax pitfalls, ensuring that listeners are fully equipped to reduce their tax liabilities and enhance their wealth accumulation efforts.


Are you prepared to take full advantage of every potential deduction and tax-saving opportunity?

This episode is a must-listen for any law firm owner aiming to fortify their financial strategy before the year’s end.


Darren discusses:



  • Top retirement contribution tactics to reduce taxable income.

  • The secrets behind strategic Roth conversions.




  • Strategies for deferring income or accelerating expenses based on your yearly financial performance.



  • How to optimize your high-income years with donor-advised funds and qualified charitable distributions.

  • Commonly overlooked deductions like home office expenses and health insurance premiums.




 


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