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...

What to do if You Can’t Pay Your Taxes by May 17th

by Mark J. Kohler | Apr 26, 2021 | Blog, Business Tips, Financial Advice, Legal Tips, taxes

[Updated April 27th, 2021] Yes…we just received another gift from Congress. We now have until May 17th to file our taxes, file an Extension, AND make a payment without penalty. However, if you can’t pay your taxes there are still some very important steps...

Tennessee Rentals and the FONCE Exemption

by Mark J. Kohler | Apr 15, 2021 | Blog, Business Entities, Business Tips

The FONCE Exemption is one of the most popular strategies individuals use when investing in rental real estate to avoid the Tennessee Franchise and Excise tax. Just this past month we had a new client investing in the Volunteer State frustrated because they were being...

What to do If I can’t pay my Taxes by October 15th

by Mark J. Kohler | Mar 5, 2021 | Blog, Business, Business Entities, Tax planning, taxes

Are you wondering “What can I do If I can’t pay my Taxes by October 15th”? So many people think all is lost when they can’t pay their taxes by October 15th and just decide not to file. The worst thing you can do on October 15th is throw up your...

How to Implement a 2021 Strategic Plan for Success

by Mark J. Kohler | Feb 1, 2021 | Blog, Business, Financial Advice, Legal Tips, Newsletters, taxes, Uncategorized

Even experienced business owners or investors can benefit from using a Strategic Plan. It is truly an integral part of a successful business operation or investment strategy and critical for success. Yet… its use has even become more important. The effect of...