MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Tax Savings Are Hidden in the Details

11 Aug 2025 · 1 min

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In this concise video, tax expert Mark Kohler explains how seemingly small, interconnected tax‑planning actions can generate substantial savings—often $20‑30 k—without resorting to risky or contrived deductions. He walks through five key areas: (1) deciding whether family members should be on payroll or receive 1099s; (2) properly documenting board meetings to support business expenses; (3) ensuring all eligible travel and dining costs are written off; (4) leveraging bonus depreciation for this tax year; and (5) having a skilled advisor orchestrate these moves like a chess game, placing each piece in the right spot on the return. The overall message is that thoughtful, coordinated filing—rather than exotic purchases—unlocks hidden tax savings.

Chapters

Are my family members on payroll or getting 1099s? Am I doing my board meetings? Am I writing off all my travel? Am I writing off all my dining? Am I going to use bonus depreciation this year? All this is interrelated. And you want your advisor to be able to put this all up on the board like a chess move and go, okay, let's do this, do this, do this. And boom. All of a sudden you're saving 20, 30 grand in taxes that you never realized you could. And you're not doing anything crazy or wild or having to go buy some stupid solar project or throw good money at bad just to get a write off. It's just putting things in the right BO on her return.