Mark J. Kohler

Tax & Legal Educational Articles
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Can you really write off the cost of a Cruise?

I recently returned from a cruise. The first 7-day Royal Caribbean cruise since the disruption of 2020. I still had to wear masks here and there on the ship. At least the crowds were down and it was nice to be on a trip again. I just wish it would have been a tax write-off!

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Does the Household Employee Tax Apply to Me and What to Do

You may have thought the only time you may need to worry about the so-called “Nanny Tax” ( also known as the household employee tax) is if you decide to run for public office and facing a pesky reporter at a political rally. However, it’s a concern everyone needs to take seriously. If you have

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Eviction Ban Expires Just in Time to Save Landlords

Eviction Ban Expires Just in Time to Save Millions of Landlords It’s the beginning of the month and rent is due! The eviction ban has expired! Landlords can finally collect rent from tenants that haven’t paid rent for months.  The Supreme Court stated that it wouldn’t extend the renter protection past the end of July,

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When to use an LLLP (Limited Liability Limited Partnerships)

When to use an LLLP…  I have searched far and wide for a good reason to have an LLLP versus using another form of doing business and frankly, I can’t find one. I never recommend them. Although, they have been adopted in now more than 20 states as a more unique asset protection tool, whoever

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How to Pay Your Kids in Your Business

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 ancillary benefits.

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CPA working with pencil and calculator in hand

How to Write-off Health Insurance in My Business

Health insurance is expensive, and making sure it’s a write-off in your business is a big deal. Regrettably, it’s not as easy as just putting it on your P&L and treating it like office supplies. Health insurance premiums can be deductible. However, they must be reported in a specific way based on your type of

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Prince's poster

Learn What Not to Do: The Ballad of Prince’s Estate

Procrastination is easy – especially when it comes to something where the benefits won’t be apparent until you are either incapacitated or have passed away.  However, if you care about saving your loved ones thousands in legal fees, months of time, and a mountain of headaches and worries, then completing your estate plan is truly a caring act of charitable service that you should consider completing before it becomes everlastingly too late.

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