Paul.olsen.cpa Connected Page

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Most parents don’t know this strategy exists — and it’s completely legal. 👇Your S-Corp pays a management fee to your fam...
05/16/2026

Most parents don’t know this strategy exists — and it’s completely legal. 👇

Your S-Corp pays a management fee to your family LLC. Your kids work for the LLC. They get paid up to $16,100 — tax free.

You max their Roth IRA at $7,000.

The other $9,100?
Still in their pocket, still tax free.

That’s wealth building hiding in plain sight.

The best gift you can give your 8-year-old isn’t a toy — it’s a tax-free million dollars at 42. 💰$7,000 a year, 8% growt...
05/16/2026

The best gift you can give your 8-year-old isn’t a toy — it’s a tax-free million dollars at 42. 💰

$7,000 a year, 8% growth, and a little patience. That’s the whole strategy.

The entrepreneurs I respect most have one thing in common. They're the same person in every room. Same integrity with ...
05/15/2026

The entrepreneurs I respect most have one thing in common.

They're the same person in every room.

Same integrity with a $500 client as a $50,000 one.

Same character when things are slow as when things are booming.

Same person at home as they are at work. Consistency isn't glamorous.

It doesn't go viral.
But it's what builds a reputation that lasts — and a business worth being proud of.

What's one value you refuse to compromise on in your business?

05/14/2026

Pay ALL your tax or “estimated” tax by April 15th.

Don’t get it twisted.

Extensions give you an extra 6 months to file; not 6 months to pay.

One of the greatest gifts you can give your kids has nothing to do with money. It's letting them watch you work with in...
05/13/2026

One of the greatest gifts you can give your kids has nothing to do with money.

It's letting them watch you work with integrity.

They see how you handle a difficult client.

Whether you cut corners or do it right.

Whether your word means something.

Kids don't learn values from lectures.

They learn them from watching.

I want my kids to grow up knowing that how you build something matters just as much as what you build.

That's a lesson I'd rather show than tell.

Marriage taught me something business school never could. How to stay committed when things aren’t exciting. How to com...
05/12/2026

Marriage taught me something business school never could.

How to stay committed when things aren’t exciting.

How to communicate when it’s uncomfortable.

How to think long term when short term pressure is loud.

The skills that make a great marriage and the skills that make a great business owner overlap more than most people realize.

Patience.
Consistency.
Showing up when you don’t feel like it.

Invest in both.

They make each other better.

05/08/2026

My horse doesn’t qualify for a vehicle deduction. I checked. 😂

But YOUR truck might be worth a massive write-off in 2026.

Here’s the rule I use with clients:

🔑 Drive a lot, modest car? Standard mileage rate — 70 cents per mile in 2026.
Easy, no expense tracking, and surprisingly powerful for high-mileage drivers.

🔑 Big vehicle over 6,000 lbs? Actual expenses + bonus depreciation — potentially deduct most of it in Year 1.

That includes:
• Depreciation (hello, bonus depreciation 👋)
• Gas & oil
• Insurance
• Repairs & maintenance
• Registration fees
• Car washes

The method you choose matters more than most people realize. Get it wrong and you could leave thousands on the table.

Drop a 🐴 if you want me to break this down further.

Entrepreneur

04/22/2026

Tiny rocks suck.
High standards.
Established early. 🪨

Address

Brooks, AB

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