Right About Now with Ryan Alford
Small Business Tax Tips To grow & Keep Wealth in 2025 with Mark J. Kohler
Tue, 21 Jan 2025
Right About Now with Ryan AlfordJoin media personality and marketing expert Ryan Alford as he dives into dynamic conversations with top entrepreneurs, marketers, and influencers. "Right About Now" brings you actionable insights on business, marketing, and personal branding, helping you stay ahead in today's fast-paced digital world. Whether it's exploring how character and charisma can make millions or unveiling the strategies behind viral success, Ryan delivers a fresh perspective with every episode. Perfect for anyone looking to elevate their business game and unlock their full potential.Resources:Right About Now NewsletterFree Podcast Monetization CourseJoin The NetworkFollow Us On InstagramSubscribe To Our Youtube ChannelVibe Science MediaSUMMARY In this episode of "Right About Now," hosted by Ryan Alford, tax attorney Mark J. Kohler, known as the "Main Street Tax Attorney," shares actionable advice for small business owners and individuals to improve their financial situations through effective tax strategies. Kohler emphasizes the importance of understanding tax laws, treating side hustles as legitimate businesses, and taking an active role in tax planning. He discusses practical tips like documenting expenses, involving family in business activities, and leveraging tax benefits for children. The episode aims to empower listeners with knowledge to maximize financial growth and navigate tax complexities.TAKEAWAYS Importance of small businesses in the U.S. economy Understanding tax laws and their implications for financial success Common tax-related challenges faced by small business owners The rise of side hustles and their potential for tax savings Tax strategies for maximizing financial benefits for small businesses Differentiating between tax brackets and effective tax rates Learning from wealthy individuals about tax engagement The necessity of a proactive mindset in managing tax responsibilities Practical advice for treating side hustles as legitimate businesses The significance of documentation and record-keeping for tax planning If you enjoyed this episode and want to learn more, join Ryan’s newsletter https://ryanalford.com/newsletter/ to get Ferrari level advice daily for FREE. Learn how to build a 7 figure business from your personal brand by signing up for a FREE introduction to personal branding https://ryanalford.com/personalbranding. Learn more by visiting our website at www.ryanisright.comSubscribe to our YouTube channel www.youtube.com/@RightAboutNowwithRyanAlford. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Full Episode
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.
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