The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions

by Mark Kohler

Overview

The Tax Rules Have Changed. Your Business Should, Too.

The Tax Cut and Jobs Act of 2017 marks the biggest tax reform in more than 30 years. The changes to the tax code are complex (especially for the small-business owner), but you don't have to go it alone. CPA and Attorney Mark J. Kohler delivers a comprehensive analysis of the new tax and legal structure you desperately need to help make the new tax law work for you.

In this revised edition of The Tax and Legal Playbook, Kohler reveals clear-cut truths about tax and legal planning and delivers a practical, play-by-play guide that helps you build wealth, save on taxes, and protect your assets. Using real-world case studies, tax-savvy tips, game plans, and discussion points, Kohler coaches you through the complexities of the tax game of the small-business owner. You'll also learn how to:

Examine your business needs and pick the right business entity for you

Build your personal and corporate credit in eight steps

Implement affordable asset protection strategies

Take advantage of underutilized business tax deductions

Pick the right health-care, retirement, and estate plans

Bring on partners and investors the right way

Plan for your future with self-directed retirement funds

Reading from cover to cover or refer to each chapter as needed, you will come away wiser and better equipped to make the best decisions for your business, your family, and yourself.

Product Details

ISBN-13:	9781613084038
Publisher:	Entrepreneur Press
Publication date:	07/23/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	348
Sales rank:	384,305
File size:	7 MB

About the Author

Mark J. Kohler (ID, CA and UT) is an Attorney, Certified Public Accountant, and Entrepreneur. Kohler’s principal career has been as a partner in the law firm Kyler, Kohler, Ostermiller,&Sorensen, LLP, where he specializes in the areas of business, estate and tax planning. Mark is the author of three previous books selling over 30,000 copies (“Lawyers are Liars”, “What Your CPA Isn’t Telling You”, and “The Tax and Legal Playbook”). Mark has been hosting a national internet radio show weekly for the past 9 years, a regular contributor to Entrepreneur.com, national speaker and consultant for small business owners nationwide.

Table of Contents

Contents
Acknowledgments
Introduction
Part I: Pre-Season Planning

Chapter 1: Your Game Plan for Success

Part II: Getting the Most From Your Business Entity

Chapter 2: Sole Proprietorships

Chapter 3: Limited Liability Companies

Chapter 4: S Corporations

Chapter 5: C Corporations

Chapter 6: Building Corporate Credit

Chapter 7: Maintaining and Protecting the Corporate Veil

Part III: Game-Winning Tax Strategies

Chapter 8: The Smartest Small-Business Tax Deductions

Chapter 9: Wise Health-Care Strategies

Chapter 10: Hiring Family Members for Tax Savings

Chapter 11: Buying Rental Properties

Chapter 12: The Importance of Bookkeeping

Chapter 13: Avoiding an Audit

Chapter 14: Tax-Saving Strategies for Selling Property

Part IV: Protecting Your Assets

Chapter 15: Affordable and Basic Asset Protection Strategies

Chapter 16: Privacy Measures vs. Hiding Assets

Chapter 17: Protecting Your Home from a Lawsuit

Chapter 18: Asset Protection in Marriage and Divorce

Chapter 19: Cutting-Edge Asset Protection Strategies

Part V: The Proper Approach to Partners and Investors

Chapter 20: Documenting a Partnership

Chapter 21: Bringing on Investors

Part VI: Planning for the Next Season

Chapter 22: Retirement Plan Options

Chapter 23: Self-Directing Your Retirement Funds

Chapter 24: Family Trusts and Estate Planning

Epilogue
Appendix A: Homestead Exemption by State
Appendix B: Tenants by the Entirety by State
Appendix C: Charging Order Protection Entities (COPE) and Series LLC by State
Index