#549 5 Year-End Tax Strategies The IRS Wants You To Ignore…

Main Street Business

Вміст надано Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Mark J Kohler and Mat Sorensen, Mark J Kohler, and Mat Sorensen або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

2M ago 30:26

MP3•Головна епізоду

In this episode of the Main Street Business Podcast, Mark J. Kohler shares valuable insights on year-end tax strategies that can help business owners save money and optimize their financial planning. With over 20 years of experience as a CPA and attorney, Mark breaks down five key strategies that every business owner should consider before the year ends. From retroactive S elections to maximizing health savings accounts, this episode is packed with practical advice for navigating the complexities of tax season.

Here are some of the highlights:

Mark explains the importance of making a retroactive S election to potentially save thousands in self-employment taxes.
He discusses how to determine reasonable payroll amounts for S corporations, emphasizing the benefits of strategic compensation.
The episode highlights the necessity of making a sale before year-end to unlock deductions for startup costs.
Mark introduces the concept of holding a board meeting as a tax write-off opportunity, encouraging listeners to engage family and friends in their business discussions.
He emphasizes the significance of health savings accounts (HSAs) and the upcoming open enrollment period, detailing how HSAs can provide substantial tax advantages.

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Розділи

1. Year-End Tax Strategies Unpacked (00:00:00)

2. Tax Savings for Small Businesses (00:06:55)

3. Business Tax Strategies for Savings (00:19:30)

4. Maximizing Health Savings Account Benefits (00:28:28)

560 епізодів

#Business #Mark J Kohler #Mat Sorensen #MBA #Entrepreneur #Mark J Kohler And Mat Sorensen #Tax Strategy #Legal Compliance #Business Structure #Tax Tip #Accounting #Irs Updates #Financial Reporting #Tax Prep #Tax Reform #Estate Planning