![]() ![]() If tax reform switches the advantage back, these businesses can change their tax elections again. If there’s one area in which personal guardrails are most needed but also most resisted, it’s in our relationships. ![]() Over the past 30 years, some businesses have started taking this tax election because it became favorable relative to C-corporation taxation. Join us for a conversation with Andy Stanley to find out how to implement guardrails in our everyday lives. Today, NPM consists of eight churches in the Atlant. Do you have an example of establishing guardrails in any of those areas 4. Adults (21) Adults (1) All (1) Access our best sermons about guardrails Try PRO free and preach with confidence when people need it most. Communicator, author, and pastor Andy Stanley founded Atlanta-based North Point Ministries (NPM) in 1995. If the corporate tax cut means corporate tax is a better deal than individual tax, company owners can start checking the box.Īnother kind of pass-through business structure, the S-corporation, is itself merely a tax election. Andy listed four areas where guardrails may be helpful: finances, relationships, morality, and profession. ![]() Now, everybody knows what a guardrail is, but you probably don’t know the official definition of a guardrail. There is a "check-the-box" rule that allows a limited-liability company to elect to be taxed as though it were a big C-corporation, paying tax separately from its owner. Guardrails Part 1 1 Direct and Protect by Andy Stanley We’re starting this brand new series, Guardrails, and if you can’t remember the name of the seriesthis should be unforgettable. The more you choose to surrender to God, the more he will lead you to peace with yourself. If we cut taxes for large corporations that pay their own taxes and not for small (and large) pass-through businesses whose owners pay their taxes, then the pass-throughs could end up at a tax disadvantage.īut the existing tax code already has provisions to deal with this situation. In Part 1 of Living With Yourself, Surrender Your Will, Andy Stanley discusses why selfishness is a terrible master that does nothing for you. Officially, the rationale for this tax break is it's "needed" to go along with the proposed reduction in corporate income taxes. Account icon An icon in the shape of a person's head and shoulders. ![]()
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