367: Paying Yourself Before Year-end: S-Corps and LLCs

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

🗓️ 23 December 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mark and Mat break down the myths and the actual strategies for paying yourselves out of your entities before year-end and the tax benefits and consequences for doing it wrong. For more go to: 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 rock star law firm? KKOS is onl...

Transcript

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0:00.0	Welcome everybody to this week's episode of the Main Street Business Podcast.
0:10.9	I'm here with you, Mark Kohler and my amazing co-host, Matt Sorensen.
0:15.9	Yes, I'm delighted to be with you today, of course.
0:19.7	Now, Mark, this might seem like, you know, foreign territory behind him.
0:24.5	That's the office.
0:26.1	That's the office.
0:29.9	Out of the backdrop for Mark Kohler.
0:32.0	You know, when you got a video studio, you know, you don't need to come to the office.
0:36.2	Yeah.
0:36.4	This is not a video wall of what an office looks like. It's actually the office. It's actually, it's not a pretend office. Yeah. I actually went to the office. Yeah. Thank you. Boy. Wow. A little passive aggressive there, are we? Just a little humor. I was trying to, a little fun, you know.
0:55.7	Matt's mocking me.
1:00.4	This last week was my tour through the offices per se.
1:04.1	Christmas parties was in Utah office, Phoenix office.
1:05.1	Yeah.
1:07.0	You're in the Idaho office.
1:10.9	Martin's got to come out and shake the hands, kiss the babies, you know, get those votes,
1:11.7	get that support.
1:12.5	Yeah.
1:15.1	Just everybody feels loved.
1:18.6	And I felt love too from the teams.
1:23.1	So we wouldn't be here today with all the team, you know, all those Christmas parties.
1:24.9	Woo, got to hit the gym.
	...

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