Platinum Tax Company

Platinum Tax Company EST. 2018
📞 862-TAX-1040

10/10/2026

Most people think luxury SUVs write off is a tax myth

That’s not entirely true.

If a vehicle weighs over 6,000 Ibs, a business may be able to deduct a large part of the cost in the first year.

That’s why vehicles like G-Wagons, Escalades, Suburbans and other large SUVs often come up in tax planning.

Simple example:

Let’s say your business makes $200,000 in profit.

You buy a G-Wagon for $150,000 and use it more than 50% for business.

Your taxable income could look like this:

Business income: $200,000
Vehicle deduction: - $150,000

New taxable income: $50,000

This is possible because:
• Section 179 allows businesses to expense part of the vehicle cost
• Bonus depreciation can apply to the remaining amount

Important rules still apply:
•Vehicle must be used more than 50% for business
•It must be placed in service during the tax year
•Mileage logs and documentation are required

This doesn’t mean you can buy any car and write it off.

But for legitimate business use, the tax treatment of heavy vehicles can be significant.

Save this and follow for more TaxTips!

10/09/2026

Six-figure earners: your salary can fund more than your lifestyle—it can help fund your next business.

If you’re a high-income W-2 professional, business ownership can be a way to turn your expertise into additional income and build an asset beyond your paycheck.

The right business structure and tax planning can help you understand eligible deductions, liability protections, and tax classification options as you grow.

You don’t have to leave your 9–5 to start building something of your own.

Comment “LLC” to explore business formation and tax planning with Platinum Tax.

10/06/2026

The Augusta Rule is one of the tax strategies business owners often hear about… and still ignore it.

Ignoring any tax strategy could mean more money you’re leaving on the table, and I’m not going to let you do that.

Imagine paying yourself to use your space, tax free. 🤔

Just make sure you have a legitimate business purpose. For me, I love using this strategy for content days.

Make sure you charge yourself a fair-market rate, and make sure you document everything!

Easy right? And this is just ONE strategy.

The strategies I use with my clients make me look like a superhero. Wiping away thousands of dollars, making sure they’re not paying the IRS more than necessary.

Comment “STRATEGY” if you would like more information.

10/05/2026

You can legally pay your child up to $16,100 in 2026 for legitimate, age-appropriate work they perform in your business—things like helping with social media, organizing files, marketing tasks, or work related to your rental properties.

When structured correctly:

• Their wages may be deductible as a business expense
• They may owe $0 in federal income tax if their total income stays within the applicable standard deduction
• Their earned income can make them eligible to contribute to a Roth IRA and start building wealth early

With two kids, that could mean up to $32,200 in wages in 2026.

The key is doing it correctly: real work, reasonable compensation, proper documentation, and the right payroll treatment for your business structure.

It’s not a loophole. It’s understanding the tax code and using the opportunities available to your family intentionally.

Comment “WEALTH” to find out which family tax and wealth-building strategies could make sense for your situation.

As your income grows your business structure becomes your biggest liability or your best asset.Most LLC owners get hit w...
10/03/2026

As your income grows your business structure becomes your biggest liability or your best asset.

Most LLC owners get hit with a 15.3% self-employment tax on every dollar they make. By electing S-Corp status you can split your income into a salary and distributions. Distributions are not subject to that 15.3% tax which saves you thousands every year.

But in 2026 the strategy has shifted. Under the One Big Beautiful Bill Act the Social Security wage base has jumped to $184,500. If your salary is not dialed in correctly you are either overpaying or inviting an IRS audit.

Proper structure is not a one time setup. It is a proactive play.

Book a consultation at the link in bio.

10/02/2026

Most parents think about helping their kids build wealth someday.

But the best time to start might be while they’re still living under your roof.

Hiring your children in your business can be a powerful tax and wealth-building strategy when done correctly. It may help reduce your family’s overall tax burden while giving your child earned income which can open the door to Roth IRA contributions and decades of potential tax-free growth.

In 2026, a child may be able to earn up to approximately $16,100 before owing federal income tax, depending on their overall tax situation.

The key: the work needs to be legitimate, age-appropriate, properly documented, and paid at a reasonable rate.

You’re not just potentially saving on taxes. You’re teaching your kids how to earn, save, invest, and build wealth early.

👇 Comment “WEALTH” to find out which family tax and wealth-building strategies could make sense for your situation.

DID YOU KNOW ?Keeping well-organized records is crucial. Proper documentation of expenses, income, and financial transac...
10/01/2026

DID YOU KNOW ?

Keeping well-organized records is crucial. Proper documentation of expenses, income, and financial transactions can help during audits and maximize eligible deductions.

Schedule a call with us today!
Link in Bio.

09/30/2026

One of the greatest gifts you can give your child isn’t just paying for college.

It’s giving them a head start on building wealth.

A 529 plan can help families save for qualified education expenses with tax-free growth. And under current law, eligible unused 529 funds may also be rolled into a Roth IRA-subject to IRS requirements and annual contribution limits.

When you combine early investing with decades of compound growth, even small monthly contributions can make a meaningful difference over time.

The earlier you start, the more time your money has to work.
Every family’s situation is different, and the rules matter.
That’s why having a long-term plan is just as important as choosing the right account.

DM “WEALTH” if you’d like to learn how a 529 plan could
fit into your family’s long-term wealth strategy.

This content is for educational purposes only and should not be considered tax or financial advice. Always consult a qualified professional regarding your specific situation.

09/30/2026

Comment OPTIONS if you’re ready to start moving differently with your money

Weekends used to be for spending…
Now they’re for strategy.

Because at some point, you have to be honest with yourself…

The same habits that kept us comfortable
are the same habits that keeps us from building wealth.

And I’m not saying you can’t enjoy your life…
I’m saying you have to be intentional about it.

Every “yes” has a cost.
Every weekend has a ripple effect on your financial future.

So instead of just going with the flow…
Start asking better questions:

• Does this align with the life I’m building?
• Is this helping me move forward or just keeping me busy?
• Am I choosing this… or just reacting?

Because wealthy people don’t just make more money…
they make better decisions with the money they already have.

And if you’re ready to stop feeling behind every Monday
and actually feel in control of your finances…

Use the link in our bio to schedule a call Today!

09/29/2026

HOUSTON MOMS, THIS ONE IS FOR YOU! 💕

Join us for the Women’s Fresh Start Picnic — a FREE evening created for moms to relax, connect, enjoy themselves, and be appreciated.

ONLY 12 MOM SPOTS AVAILABLE!

🍽️ Free Food
🥤 Drinks
🎁 Gift Baskets
💕 Connections & Community
🌸 Learn about Women’s Fresh Start Program

📅 October 18th
⏰ 5 PM–7 PM
📍 Houston Area
🎟️ FREE — RSVP Required

COMMENT “PICNIC” BELOW and we’ll send the RSVP link straight to your DMs! 💌

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187 Main Street
Belleville, NJ
07109

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