#80 What You're Doing Wrong With Your Taxes ft. Mark J. Kohler

In this episode of The Raz Report, Jason Raznick sits down with tax expert Mark Kohler to explore the essential strategies for saving on taxes and building wealth through entrepreneurship. Kohler shares his insights on how small business owners can take control of their finances, maximize tax benefits, and effectively plan for their family’s future. From the power of having a side hustle to practical tax strategies like paying your kids through payroll, this conversation is packed with actionable tips to help you captain your financial ship. Whether you're a solopreneur or running a full-fledged business, this episode will equip you with the tools to save money and optimize your tax planning. ___________________________________________________________________________ Tune in to learn how to stay ahead in investments, taxes, and entrepreneurship! Host: Jason Raznick Special Guest: Mark J. Kohler, CPA, Attorney, Business Adviser, National Speaker, and Best Selling Author For More Information Check Out His Site: https://markjkohler.com/ ___________________________________________________________________________ Chapters 00:00 Introduction to Tax Strategies 02:52 The Importance of Entrepreneurship in Tax Savings 06:11 Understanding Tax Structures: C Corp vs. S Corp 08:59 Maximizing Deductions: The Role of Family in Business 12:01 Tax Strategies for Children and Family Businesses 14:49 Estate Planning vs. Income Tax Planning 21:47 Tax Strategies for Families and S Corporations 23:18 The Rise of Side Hustles and Entrepreneurship 25:08 Practical Tips for Paying Your Kids 27:59 Maximizing Roth IRA Contributions for Children 30:19 The Importance of Tax Education and Awareness 32:15 Launching the Main Street Certified Tax Advisor Program 35:05 Navigating Asset Protection and Legal Structures ___________________________________________________________________________ For More On The Raz Report Visit: Razreport.com Join this channel to get access to perks: https://www.youtube.com/channel/UCqQs28K2zj2dOsc5NfXUKEg/join Check out www.benzinga.com for complete coverage along with all the latest financial news and data! Follow us on socials: 📸Instagram: www.instagram.com/benzinga 👍Facebook: www.facebook.com/Benzinga 📱TikTok: www.tiktok.com/@benzinga 🐤X: twitter.com/Benzinga Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions. #taxes #tax #entrepreneurship #entrepreneur #smallbusiness #businessstrategy #businessgrowth #businessowner #financialplanner #accounting #financialadvisor #author #markjkohler #therazreport #interview #podcast #financialliteracy