Madison's Accounting and Tax Services LLC

During All Star week i will be hold a pop up Tax office at GX Groom Room located in downtown Indianapolis.

417 E Ohio Street Indianapolis, IN 46204

Office hours will be from

9a-5p Monday - Friday (February 12th - 16th)
9a-12p on Saturday. (February 17th)

My appointment link is below.

Real Estate Investors: Share This Post

How I set up a business structure for a travel nurse/entrepreneur? Note: this is a long post and I have my clients permission to use her as a case study.

Facts:
1. She’s a w2 employee 👩🏽‍⚕️
2. She owns 2 🏭🏭multi units that she rents out
3. She is a part owner on a home used for Airbnb 🏠
4. She owns a infusion business 💉
5. Her main home is in one of the multi units. 🏠

My goals:
1. Protect her assets from creditors & potential negative judgements against her. 🛡️
2. Create a tax shelter so her income is taxed at the most advantageous rate possible. 💸
3. Consolidate Tax Filings 🗂️
4. Set her up to look great to lenders 💰

1. I set up a holding company in Wyoming. I structured it as an S Corporation.

I used an S Corp because an S Corp is needed to pay yourself a w2 from your business which lowers your tax bill.

I put it In Wyoming because it is one of the few states that has what’s called a “charging order.” Which means if someone sues you as an individual,
Wyoming won’t allow them to take assets business in their state.

In Wyoming, none of your information can be disclosed. (They don’t even ask for your personal information when registering the business). Anonymity is 🔑

2. For each property she owns i set up a seperate LLC. 🗂️ and moved respective properties into the their new LLC.

While registering the businesses in her state, I made the owner of each LLC, the holding company.

I do this because we want the holding company to receive the profits made from this business and we also want to make sure that the income hits page 1 of her tax return. Why?

Because If she put these properties in her own name, she would have to show the income on form schedule E of the return and when she goes for funding, they will only count 75% of it. It’s smart to seperate the assets so if something happens at 1 home, the other homes are protected from liability.

3. I created a partnership owned by the holding company to manage the air bnb that she is a partner of. I did this so she won’t have to recognize all of the income and she can share the burden with her partner. 🤝

4. I amended her operating agreement for her infusion business and made the holding company the owner.

I did this so the profits will flow up to the holding company and protects it from any liability and is also a tax saving strategy since she will be a w2 employee of the holding company. Why?

You don’t want to pay self employment tax on all of your money. Pick a fair salary, and only pay self employment tax on that.

5. Through a lawyer partner that i have, i created operating agreements for each of the entities.

These explicitly say that the holding company is the main business and all of the companies are subsidiaries. This agreement also contains language that say that nothing can happen at the subsidiary level without approval from the owner.

The agreement for the partnership ensures each party knows their responsibilities, equity percentage, and exit strategy.

6. I set up business bank account for each LLC and the holding company. 🏦

7. I set up her up on payroll so that her businesses can pay her per her budget. 💴

8. I set up her bookkeeping software to keep track of her expenses and profits. 📊

This is the proper way to set up a holding company suitable for a buy and hold investor. The foundation of your business determines so much. Don’t mess it up. If you did mess it up, let’s fix it. If you have tax questions put them below or use the link i put in the comments.

Notes:

- This business structure would work different for flippers
- Do not put your asset in a LLC if you plan to refinance in 6 months to a year.
- A.I. did not write this so excuse any grammatical or spelling errors.


Madison's Accounting and Tax Services LLC Christian Golden

I’m very proud of my tax class. Giving people another stream of income is very fufilling to me. We are on week 8 of the course where i set the tax jargin aside and teach the students how to set up their LLC’s and register with the respective states.

Zsa Zsa Kiara named her company Zsa Zsa Consulting LLC so be on the look out as she begins to brand herself and promote her business to her perspective clients she will be specializes in personal and business returns. She is trained on filing S Corps, Tursts, and Partnership returns as well. Please congratulate her on investing in herself.

If you have an innovative spirit, creative mind, a business professional or an entrepreneur

This is for YOU!

The Six Fig Biz Club is looking to sponsor a VIP Ticket to Invest Fest happening THIS WEEKEND!!!

How To Win:
• Must follow & .llc
• Tag 3 friends

This ticket is valued at $1,800 — the ticket includes musical performance, fireside chats, open bar, food & special merch, VIP seating Saturday & Sunday

***$20 Entry Fee via cash app.. NOTE ***

Entry starts at 7pm EST 8/24
Ends at 12pm EST 8/25
Winner Announced 8/25 1pm ET

I’m trying to do a better job of sharing my story.

The part you don’t know is I was on dialysis waiting on a kidney transplant for 3 years. The treatments were draining, each one lasting 4 hours, 3 times a week. I used what very little energy i had left to go to classes for my masters degree and Uber on the to feed my my child. I was in a dark place fr.

The lessons i learned through this journey that changed my life are below.

#1. Health is everything. Please go to the doctor

#2. Everything you want in life is obtainable if you put actions towards your goals. Even very small actions.

#3. Be a little more selfish. Focus on your happiness and fulfillment before you try and help everybody else.

#4. Have a grateful spirit. Waking up is a blessing and everything else is extra. Instead of focusing on what you don’t have, focus on being grateful for what you do have and i believe you open yourself up to more.

#5. Focus on the people who love and support you. Wasting energy on attracting those who don’t is ultimately holding you back. You don’t have to deal with anyone who’s not rocking with you they you need them to be. This goes back to being a little bit more selfish.

I hope this inspires someone going through a hard times no matter how big or small. Again, go to the doctor. Asap. Please.

Excited to announce .llc next speaking engagement. August 1st 2023 at

Via :

We are so excited to announce our 2nd networking event featuring a Wealth and Wellness panel! Tickets are on on sale now. This panel is packed with amazing experts and an incredible moderator along with a beautiful venue. 😍😍😍😍

Will we see you there?! Purchase tickets now at blackgirlsinweddings.com

Don’t forget that you can always sit with us!!

⚠️Positive Content Alert⚠️

The gentleman with no shirt is a hero. His name is Aaron Jones. While enjoying his workout he saw our stand and decided to roll over to ask us what we were about. After flipping through the pages of our Children’s Financial Activity book he decided to purchase 2 right there on the spot.

Now to the heroic part. Interesting enough, he told us that he didn’t have kids in his life and he wanted us to gift 2 books to the next two children we saw. Well here is the family we donated to.

These acts of kindness and servitude push our culture forward and this Black King deserves praise.

I would tag him but he doesn’t have social media. The next time your in Altanta on the belt line, hopefully you run into this man while he excercises and thank him!

When was the last time you helped someone? Dm us if you would like to donate a book to a student.

Six Fig Biz Club 🥂. Are you in the club?

EP 2 is up.

In this episode, Leilani, a master cosmetologist, shares her inspiring journey of quitting her job as a car saleswoman to pursue her dream of being an entrepreneur in the beauty industry. She reveals how she spent all her savings on a lash training class, which eventually led her to become known for her lash skills. Leilani also talks about her background in braiding, which she had been doing for years despite not being taken seriously as a braider due to her reputation for lashes. Throughout the episode, Leilani's determination and passion for her craft shine through, making her the "Kanye West of Cosmetology."

If a client needs four years of tax returns done with no access to previous w2s in order to close on her home, will your accountant flinch? Johnny Wolfe doesn’t.

Thank you to all of my clients. Tax Season 2022.

Thankful for all of our wonderful reviews.

We love receiving reviews

We love getting reviews!

Business owners need to remember, we aren’t we say but what we do.

Shoutout to and this wonderful review he received this week.

Mr. Golden completed the Madison’s Tax Academy this summer and has earned over $20,000 in his first month of filing. He has serviced over 30 clients saving them $486,548 from the IRS as of February 28th. Mr. Golden is an expert in real estate and Airbnb tax deductions.

Look out for details on the new tax class coming this spring!

We want to see you win.

Feel the difference when you hire an accountant for your business. Schedule a consultation today.

We want to see our business owners win.

Quiz time. Give your Answer in the comments.

How often does an average person get audited by the IRS?
The overall audit rate is extremely low, less than 1% of all tax returns get examined within a year.
What income gets audited the most? - Returns with extremely large deductions in relation to income are more likely to be audited. For example, if your tax return shows that you earn $25,000, you are more likely to be audited if you claim $20,000 in deductions than if you claim $2,000.
What increases chances of IRS audit? - Failing to report all your income is one of the easiest ways to increase your odds of getting audited. The IRS receives a copy of the tax forms you receive, including Forms 1099, W-2, K-1, and others and compares those amounts with the amounts you include on your tax return.

Let us save your cash 💵 from the IRS.

Servicing all states.

Our knowledgeable team has saved our clients millions in tax dollars. gives you the confidence that we’ve saved you every dollar we can guaranteed.

Use the link in our bio to schedule a tax appointment today.

March 15, 2023: Deadline for corporate tax returns, Partnerships, & S-Corps. Let me know if you need help filing or extending.

BUSINESS OWNERS:

If you are interested in learning how to develop and implement a marketing strategy to increase sales for your small business,

Join me Thursday June 14th at 6:30pm.

I will be hosting Market Expert and Be Nimble Founder Jeff Williams

Sign up link for this free webinar is available exclusively in the The Six Figure Business Club - join using the the link in our bio.

PLEASE SHARE THIS POST

You’ve finally got your credit score above a 700 and each month it seems to fluctuate for one reason or another. Don’t worry. This is an issue many consumers have. This guide will give you a few tips on how to increase your credit score above 700 in a week.

Starting a new business is both exciting and challenging. You’re eager to start your journey but your worried to the mistakes that cause 1 in 5 businesses fail in the first year. The good thing is, you’re not alone in those feelings. While there is no fool proof plan in starting a business, there are certainly things that you can avoid, increasing the likelihood of your success. Here is a list of the most common mistakes that entrepreneurs make.

Read more on our blog. Link in the bio.

If you are not already marketing your business online, it is time to start doing so. Although there are a few exceptions, just about every business can benefit from online marketing. There are so many advantages to this type of marketing. First of all, marketing your business online is extremely affordable. Other advantages to marketing your business online include the ability to reach a large target audience

If you’re in your early 30s and struggling to learn how to manage your money, here is a list of things you can do to put yourself on the right path. Financial freedom isn’t a mystical fairy tale that is unattainable. Financial freedom is the result of sacrifice and proper planning.

Find more tips on our daily blog. Use the link in our bio.

Happy Father's Day to all the dads out there!​​​​​​​​
​​​​​​​​