Mark J Kohler Blog | America's Small Business Tax Expert

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.

May 17, 2021

fancy restaurant dishes over a wooden table

Writing Off Dining and Food Expenses in 2021 and 2022

Things have changed in 2018 when it comes to writing off meals and food expenses in your small business. Entrepreneurs, have to reevaluate their budget for the food and dining.

March 10, 2021

Client receiving the keys of his/her new house

How to Protect My Residence from a Lawsuit

For most of us, our home is one of our most valuable assets. It truly is our “castle”, but it can also be one of our most vulnerable assets. Here are 8 strategies that should considered in a well designed Asset Protection Plan.

September 16, 2020

The Difference Between Sub-Contractors and Employees

There are facts and circumstances most commonly used to determine the difference between an employee and sub-contractor. It’s a 3 part subjective analysis and some facts may indicate that a ‘worker’ is an employee, while other factors indicate that the worker is actually a sub-contractor.

August 28, 2020

Is Redeeming Airline Miles Taxable?

Before you start clearing your calendar, think about this – redeeming those points or claiming your rewards may be a taxable event. Maybe it’s time to redeem those credit card points or miles you’ve been saving up and jump on a plane headed someplace warm. How about Miami, or maybe Maui?

August 20, 2019

What is a COPE for Asset Protection?

A Charging Order Protection Entity (COPE) is a unique type of entity that can provide additional protection for the assets it holds from the owner’s personal liabilities. It is far more advanced and complex than the average LLC.

August 16, 2019

Maintaining Your S-Corporation

I wish that it was as easy as just filing a form with the State and you have magical tax savings and bullet-proof asset protection, but that’s simply not the case. Here are 7 must do steps to protect your S-Corp.

July 9, 2019

How to Find the Best Rental Property this Year!

I meet one on one with at least 1,000 clients a year to discuss their business

July 2, 2019

Why Buy Your Parent’s Home and Rent it Back to Them

There are several ways to handle a parent’s home depending on their particular health or financial situation. At a bare minimum, your parents should have a Revocable Living Trust to ensure the orderly and effectively transfer of the home to the family and avoid probate in states where the expense is significant.

June 18, 2019

Ways to Succeed at Tackling Student Debt

Student loans cause a great deal of stress in the lives of many Americans. From keeping track of payment deadlines or living in constant fear of not being able to make their next payment, the whole process can be overwhelming. The bottom line is even if you are making payments and chipping away at your

June 12, 2019

When to Use a Benefit Corporation

A Benefit Corporation will need to exemplify various practices and policies that show you are more concerned about benefiting the public through social or environmental causes than simply making profit.

May 13, 2019

How to Invest in Opportunity Zones to Save Taxes

This tax incentive allows investors to reduce taxable gains and possibly obtain tax-free growth if they re-invest capital gains into real estate within designated Opportunity Zones

March 26, 2019

Mark J. Kohler

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