Ebook What Your CPA Isn't Telling You: Life-Changing Tax Strategies, by Mark J. Kohler
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What Your CPA Isn't Telling You: Life-Changing Tax Strategies, by Mark J. Kohler
Ebook What Your CPA Isn't Telling You: Life-Changing Tax Strategies, by Mark J. Kohler
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Tackling the fundamental question asked by all taxpayers – “How can I save on my taxes?,” attorney and CPA Mark Kohler empowers frustrated taxpayers to dismiss the common CPA jargon that their tax payment “is what it is” and ignore widely used tax talk like “you just make too much money.” Kohler reveals 8 life-changing tax principles, and teaches both wage earners and business owners how to apply fundamental, but underutilized tax strategies to achieve huge tax savings, greater wealth, and ultimately, a winning pursuit of the American Dream. Kohler presents wage earners with applicable strategies beyond writing off mortgage interest and contributing more to their IRA. Following the story of a typical family, tax payers discover the undeniable benefit of owning a side/or small business, how hiring their spouse and children can help their bottom line, the financial windfall that comes with owning rental real estate, and the secret success behind self directing their retirement plan, which is something 9 out of 10 CPAs don’t know or don’t talk about! Small business owners uncover new avenues for adding to their bottom line including how to save on health care and legitimate bookkeeping techniques that can put thousands back in their pocket—all illustrated through checklists, charts and templates available in the additional resources toolkit provided by Kohler.
- Sales Rank: #185529 in Books
- Published on: 2011-03-01
- Original language: English
- Number of items: 1
- Dimensions: 8.90" h x .60" w x 6.10" l, .71 pounds
- Binding: Paperback
- 240 pages
Most helpful customer reviews
35 of 37 people found the following review helpful.
Not much information
By Nola Tiffany
You have to read through a lot of blah, blah, blah..."we walked down the hall...it smelled like cement" to get to the point of each chapter. I get the premise that you don't want to bore people with the details of taxes and accounting. BUT here's the rub, you just bought a book to learn about taxes and accounting. So maybe I want some of those details. He gives you just enough to get you interested so want to go to a CPA (him maybe) and pay for the details. This is the second book I've read from a professional recently that the whole book was one big sales pitch for their business. Genius! And they get us to PAY for the sales pitch.
In all seriousness, you will get some interesting tidbits of strategies. And depending on where you are, just starting or experienced business owner, will depend on how much you get. I didn't learn anything new until the last few strategies of pay your family, rental properties and self directed 401k's. You could get more out of it. But he doesn't explain anything in detail to the point where you could do anything with just this book. I can't really recommend it.
1 of 1 people found the following review helpful.
Great Introduction to Tax Advantages of Small Businesses
By Frank Hagan
The author discusses the basics of starting a business from a tax savings perspective, using a couple who discovers the benefits of both rental homes and a small gift basket business. It's a friendly, readable format that doesn't bore you to death with legalese or tax geek cites. It will certainly be good for someone thinking of starting a business as it introduces several concepts that will need further study and discussion - and while that sounds basic, the truth is that no one is born knowing what questions to ask.
1 of 1 people found the following review helpful.
Lots of drivel and a few great ideas
By ejane123
A few nuggets of great ideas about the necessity of owning rental property, but to get to these points you have to plod through hundreds of pages of useless anecdotes about high-five-ing his brother in law and smiling at his wife. Who cares. Just get to the bottom line.
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