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...

The Power of the Charitable Remainder Trust

by Mark J. Kohler | Jun 10, 2021 | Business, Business Tips, Financial Advice, taxes, Uncategorized

The Charitable Remainder Trust or CRT is a very powerful tool to save taxes and protect assets. In fact, there are a number of benefits available to the average taxpayer. The CRT can be an important option for anyone selling an asset with a big gain! What is a...

How Much Should I Send in with my May 17th Extension?

by Mark J. Kohler | May 11, 2021 | Business, Business Entities, Tax planning, taxes

In 2021, due to the Covid Pandemic, Taxpayers are allowed to file their personal 1040 tax return by May 17th without penalties or interest. However, this is assuming you pay any remaining taxes in full when you file your 1040 or Extension before May 17th. So many then...

Do I need to File an Extension for my Business Taxes

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

Many business owners don’t realize that their new entity/business they created last year, even if it didn’t make any money, is still required to file a tax return. Even some experienced business owners don’t even know when the deadline is and rely on...

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...