#407 Awesome Year-End Tax Tips
Main Street Business
Mark J Kohler and Mat Sorensen
2.4 • 584 Ratings
🗓️ 7 December 2022
⏱️ 37 minutes
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| 0:00.0 | I like your life to be simple and efficient. |
| 0:03.4 | And year end is the best time to close stuff down. |
| 0:07.0 | Set up or dissolve any entities by January 1st. |
| 0:10.1 | Why don't I just call you January 1st? |
| 0:12.3 | Because then you're paying another year of fees. |
| 0:14.6 | You don't want to have a partial year tax return next year. |
| 0:17.6 | You don't want to be a sole proprietor for, |
| 0:19.1 | prider for four weeks of |
| 0:21.0 | three weeks of January. Get it set up so as you ready to go. Start paying your kids to pay for |
| 0:26.9 | their own things. Don't you pay taxes and give them money to pay for their things or pay for |
| 0:30.7 | their stuff? Just change the way you're doing it. And it can put thousands of dollars of savings |
| 0:36.4 | on your bottom line. |
| 0:41.5 | Welcome everybody to this week's episode of the Main Street Business Podcast and as the resident nerd of your two hosts, Mark Kohler, |
| 0:45.4 | I am so excited about the tax strategies. |
| 0:48.0 | Yeah, baby. |
| 0:48.6 | We're both tax lawyers, but Mark gets resident nerd because he also happens to be a CPA. |
| 0:52.6 | Yeah, I'm going to owe it. |
| 0:53.2 | So, yes, you're listening to a podcast by two tax lawyers. Your choice of all the options out there. But guys, you will save money. Yes. After this podcast. Some of you may have done a little search that you're looking for year-end tax tips, year-end tax strategies. You have found the podcast that's going to rock your world for the rest of your life, or at least for the near future. |
| 1:13.4 | And so we have 15 different tax strategies. I teach these in my annual year-end workshop that is being held literally this weekend. |
| 1:23.6 | So if you're catching this podcast, hopefully upon release today, you'll have chance to register for that. I'll give you the place to register for that later. But out of these 15, Matt and I are you going to choose our two or three favorites. And these are practical and save you thousands. All right. Can I go number one? Want to get into it. Okay, we're going to have fun. It's going to be money. |
| 1:45.2 | See, just like saving money. |
| 1:46.8 | Yeah. |
... |
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