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...

The Charitable Remainder Trust and Cryptocurrency

by Mark J. Kohler | Mar 4, 2022 | Business, Business Tips, Financial Advice, taxes, Uncategorized

The Charitable Remainder Trust or CRT is a very powerful tool for multiple reasons: Saving taxes, creating a stream of income, asset protection, and of course benefiting a charity, just to name a few. There are also a variety of ways a CRT can be designed based on the...

The Truth about the Home Office Deduction

by Mark J. Kohler | Feb 23, 2022 | Business, Financial Advice, taxes

There’s more interest in the Home Office Deduction than ever before and justifiably so. With the ‘great resignation’, there has been the ‘great formation’. More Americans than ever have a home office with a side-hustle or even a full-time...

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...

The Best Auto Deduction Strategies for 2022

by Mark J. Kohler | Feb 9, 2022 | Business Tips, Financial Advice, Tax planning, taxes

The Auto Deduction is the best it’s been in over 30 years, with business owners able to write-off a vehicle faster and with even bigger deductions! These changes with this amazing tax benefit and strategy became effective January 1st, 2018 under the Tax Cuts and...