242: Should I Put My Spouse on Payroll?

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

2.4 • 584 Ratings

🗓️ 19 April 2019

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark and Mat discuss the tax and legal issues and options of when and how you should put your spouse on the payroll in your business. Watch the YouTube Video on this very topic here: https://www.youtube.com/watch?v=T7oVjgQZewk.They tackle the tough topics of social security, 401k planning, healthcare and how they affect this important decision. Combined with their weekly tax and legal tips, you don't want to miss this show. For more information visit www.refreshyourwealth.com. Gra...

Transcript

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0:00.0	Broadcasting worldwide on Internet Radio.
0:07.0	Refreshing takes on legal strategies.
0:10.1	Straightforward answers to difficult tax questions.
0:13.2	Independent ideas on building wealth.
0:15.8	It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorensen.
0:19.8	Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com.
0:28.7	Now, here's Mark and Matt.
0:49.9	Yeah. Welcome to another episode of Refresh Your Wealth with Mark Kohler and Matt Sorenson.
0:52.3	I am the Mark in that equation.
0:55.6	And my amazing co-host is on the line with us. Matt Sorenson, welcome.
1:03.3	Yeah, baby. This is Matt. You know, you'll, you know, I'm the good looking one. You can't tell that by the voices on radio, but.
1:08.8	Yeah, you can say that because there's no back checking right now going on.
1:27.9	That's true. It's true. It could be fake news. You never know. Fake news. Matt Sorensen is a good looking one. Yeah, I'll call that out as fake news. Anytime. Well, welcome everybody for listening. We got a great show for you, plan today. And I know some of you that are, if you're listening to this and you're single and you saw the topic is how to pay your spouse, good job. I just want to say, you know, that is positive thinking right there, Matt. Anybody's single right here. I want to just pat you on the back and go, you know what, you're thinking ahead. That's what you need to be saying to, you know. Yeah. I, you know, get your priorities in line. How can how can you i mean how can i be the spouse
1:47.2	that gets added to payroll that's that's true that could be you could be thinking i want to be that
1:51.9	spouse how to put me on payroll yeah and you know i don't i don't want the job part just put me on
1:57.6	payroll okay yeah i know and i want to say to at KKKS lawyers.com, let me know.
2:02.6	Yeah.
2:03.0	And if you are under age 18 listening to this show, shame on you.
2:08.9	I just want to say that.
2:10.9	You should not be thinking about getting married.
2:12.6	This is the furthest from your life plan at this moment.
2:16.1	But maybe you want to be the next cool guy or gal at the cocktail party.
	...

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