Tax Optimization for Business Owners

If you’re an entrepreneur looking to improve the tax structure of your current business or want to create the tax structure of a new business, this deal has got you covered. We’ve got a deal for non-U.S. citizens and a deal for U.S. citizens

This week's deal partner:

The Online Taxman is this week's deal partner

The Online Taxman has been helping entrepreneurs and US expats for the past 10 years with international business structuring and financial advice. The owner, Vincenzo Villamena, is a member of the Dynamite Circle and has helped many of our members. We’re happy to be able to share his service with our audience.

Customers can wait up to 6 months to redeem their purchase!

There's a deal for non-U.S. citizens and deals for U.S. citizens.

Wyoming LLC for non-U.S. Citizens

Did you know the U.S. can be one of the biggest tax havens for non U.S. residents and non U.S. citizens? The Online Taxman will set you up with a Wyoming LLC which is one of the best ways for U.S. foreigners to save on business taxes.

Offshore Consultation

Are you a U.S. citizen who wants to take advantage of offshoring their business? The Online Taxman is offering discounted consultations that give you actionable advice to maximize the efficiency of your tax structures.

Save on Your Self-employment Tax

Are you a U.S. business owner? Did you know by switching your LLC or sole proprietorship to an S-Corp, you could save thousands each year on your self-employment tax? The Online Taxman but this set up for you right away.

Is this deal right for you?

The following deal options are for business owners who are looking to optimize their current tax structure. The Online Taxman team knows a lot about US tax but you should always consult with your local provider as you’re subject to local tax laws. Even though their team is very knowledgeable, they don’t have information on every single jurisdiction around the world. To help you as much as possible, they will still give you resources and questions to bring to a local tax expert. Online Taxman is in the business of tax optimization not tax evasion. Again, these deals are best for entrepreneurs with an existing tax structure or those who are starting a new business.

Here Are The Deals:

Wyoming LLC, EIN, Bank Account Application, and a 15 minute tax consultation

$750

Original price: $900

Wyoming LLC, EIN, Bank Account Application, 15 minute tax consultation​ 5472 form filing, + 20% off your next tax filing

$1,250

Original price: $1,400

30-minute Offshore Structuring Consultation

$150

Original price: $200

S Corp restructuring to save on your self-employment taxes and a 15 minute tax consultation

$750

Original price: $900

These services have never been offered at these discounts and won’t be available again.

Restructure As An S-Corp

For U.S. Citizens, an S-Corp has many advantages. An S-Corp is beyond an LLC. This classification allows business owners to save more on their self-employment taxes.

For example, if you are making $100,000 from your LLC or you’re a sole proprietor, then you are paying 15% self-employment tax on that on $100,000. That’s $15,000 a year in self-employment taxes.

After you convert to an S-Corp, you would assign a reasonable salary, say, $60,000, and this would salary would be the only amount subject to the self-employment tax.

By switching to an S-Corp, you would be saving roughly $6,000 a year in self-employment taxes.

This can be done in any U.S. state. Read more about an LLC vs an S-Corp here.

What You Get

The Online Taxman team will give you everything you need to Restructure your LLC or Sole Proprietorship as an S-Corp.

Here’s what they will do for:

  • 15 minute consultation to discuss tax optimization opportunities for your business
  • Restructure your LLC or sole proprietorship as an S-Corp and take care of all first-year state fees and registered agent fees.

Need extra support?

  • As a follow up to the above service,The Online Taxman will also do your first tax return filing of the 1120S form for the S Corp.
  • They’ll also give you 20% off your next tax filing if you choose to file your taxes with the Online Taxman.

S-Corp Restructuring and a 15 minute tax consultation call

$750

Original price: $900

S-Corp Restructuring, a 15 minute tax consultation call, first year tax return filing of 1120S + 20% off your next tax filing

$1550

Original price: $2,000

Offshore Structuring Consultation

Actionable advice on what matters most for your tax situation

To get you started with optimizing your taxes, one of the best first steps is to have a consultative call to discuss your needs and the possible structures to fit them. Good news, the Online Taxman is now offering these consultative calls at a discount to Dynamite Deal customers. This is an opportunity to speak with a foreign structuring and tax expert. He or she will answer your questions regarding setting up a business offshore, tax implications, asset protection, assignment planning, and more. There is limited availability for these.

This is not just an information-gathering call. As time permits, you will receive actionable advice and guidance for your specific situation. When the call ends, you will have a much clearer idea of what structuring options are best for your situation.

After your consultation, you can implement the plan yourself, book more consultations with the Online Taxman as needed, or engage their team to execute the plan. Should you decide to retain the Online Taxman, the fee for the initial consultation will be credited to your first bill.

30-minute Offshore Structuring Consultation

$150

Original price: $200

Open a Wyoming LLC

A Wyoming LLC is the quickest, easiest, and has the most affordable annual fees.
Wyoming is also a no tax state with no filing requirements.
Others states' LLCs are taxable or need to be filed every year.

A little known fact is that the U.S. can be one of the biggest tax havens in the world.

A U.S. LLC opened by a non-US citizen or nonresident can allow for earnings that are not taxed in the U.S. Of course, certain rules apply to avoid LLC taxes.

An LLC is a pass-through tax entity. This means that the LLC is not taxed directly. Instead, the profits and losses of the business pass through to its owners, which are then subject to local tax laws. 

Any business transacted from within the U.S. would be taxable. This potentially includes shipping from Amazon. Personal services performed from within the US are taxable as well.

Check out more of the details from the Online Taxman here.

Is a Wyoming LLC for me?

In order to take advantage of this as a foreigner, you must have no US presence, meaning no employees, offices or warehouses which could be considered connected income.

Please note that the Online Taxman team cannot guarantee the opening of the Mercury bank account, but it would be a rare occurrence for this to be denied to someone who has already opened an LLC with the Online Taxman.

Also included in this deal is the Online Taxman’s help with future questions and tax planning around your structure. In addition, they will give you support and correspondence assistance if you receive any letters from the IRS. As a reminder, all of this is subject to your local tax laws.

But Why Wyoming?

There are many benefits to opening a Wyoming LLC. For one, you don’t have to be a U.S. citizen to form an LLC and can live anywhere in the world. Compared to other states, there is more privacy and less reporting and disclosure requirements.

Also, it’s one of the most affordable and straightforward LLCs to open. The Online Taxman can have your documentation ready within 48 hours and your EIN number available within two to three weeks.

What You Get

The Online Taxman team will give you everything you need to get started with your new Wyoming LLC

Here’s what they will do for:

  • 15 minute consultation to discuss tax optimization opportunities for your business
  • Open up an LLC in Wyoming and take care of all first-year state fees and registered agent fees.
  • Get you an EIN and provide an operating agreement that is needed to open up a US bank account.
  • Apply for a bank account for you with Mercury Bank, an online bank.

Need extra support?

  • As a follow up to the above service, if you are a sole owner of a US LLC as a foreigner, you must file form 5472 with the IRS by April 15 every year. The Online Taxman will file this form for you, as well as be on hand to answer your tax questions throughout the year and address any letter you receive from the IRS.
  • They’ll also give you 20% off your next tax filing if you choose to file your taxes with the Online Taxman.

Wyoming LLC, EIN, and a Mercury Bank Account Application

$750

Original price: $900

Wyoming LLC, EIN, Mercury Bank Account Application, 5472 form filing, + 20% off your next tax filing

$1,250

Original price: $1,400

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