Small Business Tax Tips To grow & Keep Wealth in 2025 with Mark J. Kohler
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It's not about getting rich quick. It's not getting rich slow. I want to get rich slow.
This is Right About Now with Ryan Alford, a Radcast Network production. We are the number one business show on the planet with over 1 million downloads a month. Taking the BS out of business for over six years and over 400 episodes. You ready to start snapping necks and cashing checks? Well, it starts Right About Now. What's up, guys? Welcome to Right About Now. We're always talking about how to get right and what's working now. I can tell you about what the future is. I can tell you about the past is. But we want to tell you how to get ahead now. We're going deep today in business. We're going to tell you. And we're dealing with a one percenter. I'm telling you. So we got both a rare breed and we got the main street coming right to you. It is Mark J. Kohler. He is a tax attorney. He is the main street tax attorney. And he's going to tell us today how to get it all right. Because, look, we've got to put more money in your pocket, baby. That's what we're here to do. What's up, Mark?
Hey, thanks for having me, Ryan. This is awesome. And I love that your focus is on this.
So important. Yeah, man. Look, we want to give actionable advice. Ultimately, we have a lot of people on and our focus this year in 2025 is how to get ahead in all things. And look, small business is the fabric of the U.S., You know, we could talk the high end. We can talk the low end, all this. But we're talking like that is what drives America is small business. And I love what you're doing, Mark. I love the mainstream approach, podcasting, author. We're going to have all the links to Mark's stuff. We got he's got more shit going on than you would believe. But it's all about helping the main street. So, Mark, set the table for us, man. I mean, how the hell did you get one percent lawyer and a tax guy all at once? It seems like the perfect combo, though.
When I started reading your stuff and talking to your people, I was like, this is a rare breed here. But it makes sense.
Well, that's what the ladies say, you know, spotted white leopard. Well, I was always an entrepreneur. I was the kid with the lemonade stand. I had a small business in high school and hiring my brother's friends and screwing things up. And, I mean, it was Tom Sawyer painting white fences, whatever it was. But I just loved entrepreneurship. And when I went on to school, I went into business. And then I thought, hey, this accounting thing – No offense to anyone out there. I mean, marketing class, finance is tough, sure. But I don't want to work for Wall Street. So marketing, man, I'm going to go accounting because I can stand out there. If I can just get a C in accounting, I'll hire all the other A accountants.
And so sure enough, I stood out in the accounting group as the party planner. It was super fun. And then I had this teacher who was a lawyer and an accountant. And I was like, holy crap, this guy can take over the world. So you had all the benefits of understanding the numbers sitting at the table in business. And then I could freaking file a lawsuit, fight the IRS, do whatever. And so I was like, I want to be that guy. So I went on to law school, come to find out of 100 lawyers, one of them has any tax background. And I freaking said, I'm going to Main Street, screw Wall Street. And here I am.
Hey, man, I love it because you know what, Mark? And we talked a little pre-episode this, but you know how many times I've asked the question of my accountant? You'd have to consult your lawyer on that. Because look, I like to push the limit. I can admit it. It doesn't take long to figure that out about me. But I want to do it legally. I want to get all I can get out of it.
Okay.
Isn't it true? Yeah, it's maddening. And the hard thing is taxes are law. I mean, it's tax law, you know, and understanding it. And only the big dogs or big companies have been able to afford tax lawyers. So I've worked really hard over the last 25 years building a model based on volume and a boutique where we can help clients around the country. We've been doing that.
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