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Main Street Business

170: How the GOP Tax Bill will Impact Your Small Business

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 16 November 2017

⏱️ 49 minutes

🧾️ Download transcript

Summary

Join Mark and Mat as they break down the GOP House and Senate Bills and how they will impact your small business. They have read both Bills and understand what provisions can help or hurt your small business. For more information visit www.refreshyourwealth.com. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For Small Business Owners On Main Street America: Main Street 360 Looking to ...

Transcript

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0:00.0

Broadcasting worldwide on Internet Radio.

0:07.0

Refreshing takes on legal strategies.

0:10.0

Straightforward answers to difficult tax questions.

0:13.0

Independent ideas on building wealth.

0:15.0

It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.

0:19.0

Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter

0:24.4

with important tax deadlines and articles at refresh your wealth.com.

0:28.7

Now, here's Mark and Matt.

0:51.3

Okay. Welcome, everyone to the Refresh Your Wealth Show with Mark Kohler and Matt Sornson.

0:54.9

Today's show, I hope you're ready for it.

0:58.2

You're going to hear some taxes, some politics.

1:00.7

I don't know.

1:05.9

I don't know how else to try and spice that up, but taxes and politics, that sounds pretty exciting, doesn't it?

1:07.2

Well, I don't know.

1:46.4

Now, for those that are new listeners here, maybe you just caught this title of the show and you're a geeked out by this tax bill. That is going to be the title of the show. But here's the thing. Every week, we do a legal tip and a tax tip. We want to talk about the American dream. It's a bigger discussion than just this GOP bill. And so we'd like to start the show out with that and want to welcome all you new listeners. Geez, Matt, you're kind of Debbie Downer on that intro. Well, I kind of got off on that. And then I was like, man, this is kind of a, I mean, I'm way into it, obviously. And remember, let me say this, whether you like this topic or not or find it interesting, what's the number one expense,

1:47.4

small business owners face?

1:48.7

Taxes.

1:49.5

Okay.

1:54.0

Who gets the biggest check at the end of the day if you have a good year, the IRS?

1:56.4

So this is obviously critical.

2:00.2

And if you don't pay your taxes like you're supposed to, you go to jail.

2:02.6

And I was actually a prosecutor.

...

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