Episode Details

Hit your settings and auto download our podcast!
In this episode of the Main Street Business podcast, Mark J Kohler gives you 5 year-end tax strategies that the IRS doesn't want you to know! Here are some of the key points they discussed:

•  The illusion that LLCs save on taxes and emphasizes that an LLC is more for asset protection and flexibility rather than tax savings.
• The benefits of converting an LLC to an S Corp before year-end to save on self-employment taxes.
• The importance of making a sale before year-end for business owners to be able to write off start-up costs.
• Holding board meetings during the holidays and how it can lead to substantial tax write-offs, specifically for travel and dining expenses.
• The Health Savings Account (HSA) strategy, noting that it requires having a high deductible health care plan effective in the upcoming year.
• The encouragement for listeners to consult with knowledgeable tax advisors to ensure they are maximizing their potential tax savings.

Listen on: Apple Podcasts   Spotify

TAX AND LEGAL 360
Secure your tickets to my most significant tax & legal event of the year!

The Ultimate Tax and Legal Conference Phoenix, AZ - Nov 30 thru Dec 2

CPAs, Attorneys, Business Owners, AND Entrepreneurs! You don't want to miss this event!
CLICK HERE TO GET YOUR TICKETS!

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!