317: Year End Tax Strategies to SAVE you thousands!

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

🗓️ 10 December 2020

⏱️ 71 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Mark and Mat as they discuss their hottest year-end tax strategies in a fun and interesting format. Learn AND save money. To listen or search for prior episodes, or sign up for their Weekly Free Newsletter, visit www.mainstreetbusiness.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 connect with a roc...

Transcript

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0:00.0	Welcome everybody to this week's episode of Main Street Business Podcast.
0:10.7	My name is Mark Kohler and here with my illustrious host, co-host, Matt Sorenson.
0:15.7	I like it.
0:16.7	I don't know what that means actually.
0:19.2	Does that mean?
0:20.2	I think it's a good thing,
0:21.0	but I don't... Illustrious, it's probably a good definition. Yeah. I mean, I think it's a positive
0:26.9	thing. Of course, I use words I don't put a definition too often. So, yeah, it's good. Welcome,
0:36.2	everybody. This is our year-end tax strategy show.
0:41.4	This is a very popular show.
0:43.0	It's exciting because we love saving money.
0:45.8	Our clients love saving money.
0:47.7	And if there's a tax tip that you're going to miss out on come January 1st, we want to alert
0:53.6	you to that.
0:54.1	So this is a very, very important
0:55.8	show to have a pencil and paper handy, make some mental notes, talk to your tax advisor.
1:04.2	Yeah, in 2020, I know this has been the year that we all want to forget, but don't forget
1:10.4	to do your tax planning, okay? The IRS
1:12.6	is we going to forget. And so there's a lot of things we want to highlight to think about
1:17.2	before year end. Not every strategy is going to matter to you, but there's probably going to be a few.
1:22.2	If you're any, if you're a business owner on rental property, there's going to be a few of
1:26.2	these. You're like, ooh, I need to make
	...

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