343: President Biden's Proposed Tax Plan Breakdown

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

🗓️ 16 June 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark and Mat cover the ins and outs of President Biden's tax plan proposals. They break down some strategies to prepare for potential upcoming changes. Whether you are a high or low-income earner, be sure to catch this episode and begin preparing strategies that will work best for you and your financial goals. To learn more or listen to prior episodes, visit https://mainstreetbusiness.com/ Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss ...

Transcript

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0:00.0	Welcome, everyone to the Main Street Business Podcast with Matt Sornson and Mark Kohler.
0:14.7	We're excited to be with you today talking about taxes.
0:19.0	I know it's your favorite topic.
0:20.8	But if you're a small business owner,
0:22.6	an investor,
0:24.1	someone making money,
0:25.6	this is your biggest expense.
0:28.3	Yeah, it is.
0:30.1	Tax man cometh every year.
0:33.1	Yep.
0:33.5	You're not sounding too excited today,
0:35.2	Mr. Swanson.
0:35.9	I will say,
0:36.6	for those watching on people, I got a buzz killed. I will say, uh, for those questions on,
0:37.7	I got a buzz killed.
0:39.5	I mean,
0:40.0	the taxes we're talking about is Joe Biden's tax plan.
0:44.2	And let's just say it's going to be a little bit of a buzz kill.
0:47.7	But yeah.
0:49.0	With bad news and taxes comes more planning opportunities yeah yeah and um let's give the disclaimer
0:59.5	right now that we are not this is not a beat up session um on joe biden or the administration
1:08.0	this is we're just going to say the facts and lay it up. And then you guys can decide. And hey, and I've said it before on the show. I try to tread these waters. I go into the deep end of the pool a little bit more than Matt Sorensen, but I haven't drowned yet. I think I'm doing all right. But I will say, you know, don't. Yeah. You got a few light preservers thrown your way.
	...

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