How Many Properties Should I Put in My LLC?

by Mark J. Kohler | Apr 7, 2022 | asset protection, Blog, Business, Business Entities, Real Estate

The majority of real estate investors do not need an LLC for every rental property…and yes, that sounds simple on the face of it, but it can certainly get tricky in practice. Regrettably, a lot of workshop gurus and ‘coaches’ however, (working out of...

What to do if You Can’t Pay Your Taxes by April 18th

by Mark J. Kohler | Mar 22, 2022 | Blog, Business Tips, Financial Advice, Legal Tips, taxes

This year Tax Day is April 18th. Because of the day of the week, April 15th is NOT the due day this year. Although you have an extra weekend to deal with your taxes, it still may be a good idea to consider an extension AND maybe make a payment if necessary. Bottom...

5 Hot Tax Deductions for Your Business before Filing in 2022

by Mark J. Kohler | Mar 13, 2022 | Blog, Financial Advice, mjk, taxes

If you had a side hustle, or any size of small business in 2021, the last thing you want to do is leave any possible tax deductions on the table. It’s never to late to comb through your credit card statements, bank statements, even Venmo or Paypal to look for...

1099 Rules for Business Owners in 2022

by Mark J. Kohler | Feb 9, 2022 | Blog, Business, Financial Advice, Legal Tips, taxes

1099 Rules For Business Owners in 2022 (updated 2/9/2022) Over the past few years, there have been a number of changes and updates regarding the reporting rules for the mysterious 1099 Forms.  I say “mysterious” because many business owners simply guess as to what the...

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

by Mark J. Kohler | Aug 22, 2021 | Blog, Business, Business Tips, Legal Tips, taxes

You may have thought the only time you may need to worry about the so-called “Nanny 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 any...

Last Chance to fund an HSA for a Write-off in 2020

by Mark J. Kohler | May 6, 2021 | Blog, Business Tips, Financial Advice, Health Care, taxes

If you had a qualifying high deductible health insurance plan in 2020, you still have time to open AND fund a Health Savings Account (“HSA”) before the May 17th deadline. Thanks to recent Covid relief legislation, taxpayers have one last chance to still...