by Mark J. Kohler | Nov 13, 2018 | Financial Advice, Health Care, Tax planning, taxes
Many entrepreneurs don’t realize it but as small-business owners we have more options to save on healthcare costs than any other group of Americans. The tax-planning and cost-saving strategies can be phenomenal. It simply takes a little bit of research and consulting...
by Mark J. Kohler | Nov 6, 2018 | Business, Financial Advice, Legal Tips, mjk
The older I get the more I realize the sun doesn’t always shine and everyone, I mean everyone, at one point is going to face difficult financial times. It’s not if they are going to come, it’s when. Now, one of the best ways we can prepare for...
by Mark J. Kohler | Oct 9, 2018 | Business, Business Tips, Real Estate, Tax planning, taxes
Those that follow my lectures and writings know that I recommend Americans consider buying one rental property a year. It could be full or partial ownership investing with a partner. It could be a single family home, commercial property, VRBO short-term rental or even...
by Mark J. Kohler | Oct 1, 2018 | Business Tips, Tax planning, taxes
This has to be one of the most under utilized tax strategies by small business owners with families today. Many don’t realize that paying their children under age 18 is an excellent strategy to minimize their tax liability, not to mention it creates a host of other...
by Mark J. Kohler | Sep 4, 2018 | Business, Business Entities, Business Tips, Financial Advice, Legal Tips, taxes, Uncategorized
The Executive Summary is the most important section of your Business Plan. It provides a concise overview of the entire plan along with a history of your company. This section tells the reader where your company is and where you want to take it. It’s also the first...
by Mark J. Kohler | Aug 28, 2018 | asset protection, Business, Business Tips, Financial Advice, Legal Tips
Please forgive me for being so bold, but I am getting tired of people telling me “I don’t have to do annual maintenance for my LLC because it’s not required” and “My one page Articles of Organization from the State is all I need” – Wrong! There are more and more cases...
by Mark J. Kohler | Aug 21, 2018 | asset protection, Business, Business Tips, Financial Advice
First, you need to know I don’t sell insurance. This is important, because 99% of the articles on the web regarding umbrella insurance have some interest in selling it or at least making insurance companies look good. Seriously, I search for almost an hour and...
by Mark J. Kohler | Aug 14, 2018 | Business Tips, Financial Advice, Tax planning
First and foremost, remember the auto deduction isn’t travel, but expenses for your car, truck or SUV. Also, remember this includes ALL your vehicles as long as they have some sort of business use, i.e. an RV, van, delivery truck or motorcycle used in your business...
by Mark J. Kohler | Aug 6, 2018 | Business, Financial Advice, taxes
The Home Office Deduction is still alive and well…don’t let any accountant tell you otherwise. There are several strategies on how to maximize the Home Office Deduction. It is NOT high risk and every good business owners should take advantage of a home...
by Mark J. Kohler | Jul 30, 2018 | Business, Business Entities, Business Tips, Financial Advice, Legal Tips, taxes
In my opinion, travel is one of the most underutilized tax deductions by small business owners today!! Making sure our travel has a ‘business purpose’ is critical and a perfect opportunity for business owners for a great tax write-off. In fact, even...
