What You'll Discover In This Episode:
Do you know what your biggest cost and battle is as a business owner?
You might assume it’s your rent or mortgage. Maybe it’s your marketing or inventory storage. Your salary or labor cost are probably pretty high up there.
But the #1 biggest cost and battle as a business owner is actually your taxes.
That fact alone makes a great case for you taking the time to learn and understand tax planning and accounting.
The second obvious reason is taxes are not a one-time occurrence. They are a pretty much all-the-time occurrence. One mistake on your taxes could be costly whereas making one mistake over and over again on your taxes could be a death sentence to your business.
Benjamin Franklin famously said, “In this world nothing is certain except death and taxes,” so you had better get good at understanding and paying taxes. No matter how you file your taxes, you’re going to be paying a lot of them over the years.
It’s empowering to understand how to use tax codes to your advantage. Don’t allow yourself to be in a position where you just let taxes happen to you. Learn to play the taxes game. I did and it’s made a world of difference in how I plan for tax season.
Knowing how to play the game has also helped me keep more of my hard earned money. I want to help you learn how to play the game of taxes, too. And that's why I invited Mark J. Kohler on the podcast.
Years ago, I stumbled upon Mark’s successful YouTube channel which led me to attending his virtual events and even having him do my family trust.
Mark J. Kohler is not your typical tax guy. First off, he believes in Big Foot. Letting his entrepreneurial spirit guide him, Mark started a janitorial business in college. He also got his masters in tax then became a lawyer. Currently, Mark has 150 employees and owns four businesses. Again, not your typical tax guy. But he is an incredibly intelligent and articulate guy who knows the tax code intimately and has the energy to share its secrets with small business owners so they can use them to their advantage.
In this episode of the Small Business Straight Talk Podcast, I sit down with “America’s #1 Small Business Tax Lawyer” and the Founder and CEO of Main Street Tax Professionals, Mark J. Kohler, to dive into how you can utilize little known business tax secrets to keep more of your hard-earned money.
Episode Links & Resources:
About Guest:
Mark J. Kohler isn’t just another CPA—he’s a wealth-building, tax-slashing, business-scaling expert who’s been helping American entrepreneurs succeed for over 30 years. As Senior Partner at KKOS Lawyers, Co-Founder of Directed IRA (ranked no. 391 on Inc. 5000), five-time bestselling author, Mark has been a trusted voice for small business owners nationwide. He’s been named Tax Advisor of the Year and been a guest for Fox, Bloomberg, The Wall Street Journal, Yahoo! Finance, NBC, Wharton School of Business, and the World Economic Forum in Davos. Mark’s Main Street Business podcast, Tax & Legal 360 events, social media platforms, and Main Street Professional Certification Program, help take the complexity out of taxes— enabling thousands to keep more money, grow faster, and build lasting wealth.
