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Main Street Business

#538 15 Strategies To Reduce Your Year-End Taxes IMMEDIATELY

Oct 22, 2024
22:10

In this episode of the Main Street Business Podcast, host Mark J. Kohler shares his more powerful and essential year-end tax tips. From managing expenses to charitable giving and real estate strategies, get actionable insights to wrap up the year right and boost your business savings.

Here are some of the highlights:

  • Mark stresses getting books in order for year-end planning.
  • Mark lays out the best practices and strategies for paying children 18 and older in your business.
  • Detailed considerations and options for paying a spouse in business.
  • Importance of 1099 planning for subcontractors.
  • Short-term, long-term, and self-rental options.
  • An in-depth look at the 529 state deduction strategies for college savings.
  • Mark encourages everyone to discuss strategies with expert tax advisors.

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