Education
Mark J Kohler
YouTube Channel
Helping you with your small business, taxes, and all things finance
Mat Sorensen
YouTube Channel
Taking control of your retirement
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Articles
3 Reasons to have a Partnership Agreement
If you have your own business or are thinking about starting your own business, this article was written for you, particularly if you currently have or are considering having a business partner(s). Some business owners are hesitant to mention to their business...
Top 10 Hottest Legal Tips To Keep You From Getting Burned This Summer
If the mercury is approaching (or maybe even topping) 100 degrees and the kids are out of school, then it must be Summertime – cue the Will Smith!!! The long days and pleasant temperatures mean this is the season for taking that hard-earned vacation, and whether...
5 Important Reasons to Avoid Probate
Anyone with a basic understanding of estate planning knows that one of the primary benefits of having a living trust is to avoid probate. Nevertheless, unless you are an attorney or have been personally involved in a probate proceeding in the past, few people have an...
Comparing 2016 Presidential Candidates Tax Plans: Donald Trump v. Hillary Clinton
As the list of Democratic and Republican presidential candidates has been reduced to three, Donald, Hillary, and Bernie Sanders, many of our clients have wondered, how will a change in the Oval Office affect their tax return for 2017 and beyond? Setting aside all of...
Investor versus Dealer in Real Estate, Which One Are You?
We are frequently asked by clients whether their plans to buy and sell real estate will subject them to status as a “dealer” in real estate, and therefore subject their profits to ordinary income treatment and self-employment tax. In general, the sale of real estate...
Roth 401k versus Roth IRA: A Battle for the Ages (kind of)
Not that long ago, a Roth retirement account did not exist. However, for many individuals today, a Roth account is the preferred retirement investment vehicle, particularly for self-directed retirement account owners. The reason why a ROTH tends to gain favor is...
Success in a Lawsuit
For many people, filing a lawsuit is tantamount to hitting your opposing party with the nuclear option. Nevertheless, if the potential for litigation does arise, in most cases, your options will be to either litigate, settle, or walk away. In most cases, trying to...
Do the "Panama Papers" Spell the End of Offshore Planning as We Know It?
On April 3, 2016, 11.5 million leaked files from Panamanian law firm Mossack Fonseca (known as the “Panama Papers”) hit news outlets around the world. Mossack Fonseca specializes in offshore planning in countries regarded as “tax havens.” This torrent of leaked...
One of the Most Important Legal Principles That Every Small Business Owner Should Know
You may have heard the saying, “substance over form”. In the legal context, this is an established principle that is used by judges and business regulators throughout the country, particularly in the tax arena. As a small business owner, it is important that in all...
Doing Your Due-Diligence in Real Estate Deals
We are frequently called upon by clients to assist them with reviewing their real estate purchase transactions to ensure that their interests are adequately protected. While every real estate purchase transaction is different, there are due diligence items that are...
