#531 Tax Advisor Playbook: The Tax Secret To Save Your Clients Thousands

In this episode of the Main Street Business Podcast, host Mark J. Kohler explores tax-smart strategies for hiring family members. Learn about hiring children under age 18 without complex tax forms, managing finances through a Family Management Company, and leveraging tax deductions for adult children’s education and healthcare. Mark also provides insights on creating bank accounts for family members and making strategic real estate investments.Here are some of the highlights:Mark unpacks the benefits of bringing family members and children into the business, including tax savings, teaching kids about work and business.How kids can do legitimate jobs like shredding paper, cleaning, marketing, etcMark maps out and breaks down the different rules for kids who are 18+ and under 18. Use the  'Trifecta' structure: Operations, Assets, Family Management Company.Tax write-off for college tuition by paying kids to manage propertiesPay kids from LLC, Sole Proprietorship, or S Corp via Family Management CompanyHealth insurance strategy: Kids can qualify for own insurance if earning enoughPotential for significant savings on family health insurance premiumsGrab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Event For  Small Business Owners On Main Street America:  Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohlerCraving more content? Check out my Instagram!