FAQ
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We focus on working with our clients throughout the year to identify tax strategies and help implement them, creating significant tax savings. We also offer guidance in moving the tax savings to self-directed retirement options to help you build the passive side of your financial foundation, preparing you for retirement.
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We offer peace of mind, knowing that we have reviewed your holdings for the best asset protection, protected identity exposure, if needed, and help you, as the owner, develop organizational habits that ease your mind and create accurate and up-to-date records. Our review ensures you are ready for any reporting requirements or investment opportunities that require financial statements.
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We offer comprehensive tax services, including individual and business tax preparation, tax planning, bookkeeping, and business advisory services. Additionally, we coordinate with tax attorneys for any legal or asset protection issues.
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If you receive a letter from the IRS, contact us immediately. We can review the notice and provide guidance on how to respond.
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Yes, we can assist with tax issues of earlier years, including filing back taxes, amending returns, and resolving any outstanding tax issues. We also have an excellent resolution expert referral who can assist in cleaning up your tax issues.
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Absolutely, this is an area of expertise for us. We thoroughly explain all the options and help you determine the best fit for you. We also orchestrate setting up plans with Traditional IRAs, ROTH IRAs and business retirement options. We can work with your Wall Street financial advisor or assist in setting up self-directed accounts including setting up legal entities for additional protection. We even work with Oil & Gas investment strategies as well as Insurance options. This is a fascinating field that we make understandable and informative.
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My top favorites for tax savings:
• Hiring children under 18
• S-Corp strategy
• Using accountable plans
• Using the board meeting
• Using retirement planning to build passive investing
• Planting your financial garden with lateral investing
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Yes, Terri has completed his certification program and spends 2-3 hours each week on Zoom calls with Mark J. Kohler, getting more profound training and working on case studies. We are tax strategists and business advisors, and we are continually learning and growing to add value to our client relationships.
Terri was also invited as a panelist on a VIP breakfast meeting at the Mark J Kohler’s 2023 Tax & Legal event in Phoenix.
My Recommended Reading
to Include
Mark J Kohler & Others
If you want to learn more about Tax Time Ledgers tax strategies, which we use, they were taught by Mark J Kohler, take a look at the recommended reading choices I have included below. Terri has earned his distinguished Main Street Certified Tax Advisor certification. She brings a whole new way of business to the tax field. She partners with her clients and works with them throughout the year beginning with drawing out the Terri Peters version of the Kohler Trifecta used to develop strategies and positive plans of action with her clients. These strategies are designed to utilize tax savings to build out a passive portfolio that allows individuals and business owners to be purposeful in their plan of action toward building for their retirement and their legacy.
The Tax & Legal Playbook
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Game changing solutions for small business questions
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Attorney and CPA Mark J. Kohler targets the leading tax and business issues among small business owners, across all stages of business, and delivers a practical guide to the fundamental tax and legal conflicts faced by new and established entrepreneurs. Coached by Kohler, business owners are armed to seek out the right professionals relevant to their concerns, confidently ask the right questions, and ultimately, save time, money, and in many cases, potential heartache.
Approaching each chapter the same way he approaches a client consult, Kohler delivers topic- or question-specific solutions illustrating each critical business matter with entertaining, real-world examples to educate flustered business owners, who are then presented with varied, clearly defined solutions and next steps for moving forward. Each "consultation" offers tools such as assessment quizzes, valuable details to know, possible pitfalls and deceptions, what strategies should always be practiced, and what new strategies or tactics are worth considering.
Wowing listeners with the clear-cut truths, thoughtful advice, and outside-of-the-box thinking shared in his many Entrepreneur.com contributions, speaking events, and previous books, Kohler presents a simplified look at the complex FAQs within the areas of legal and tax planning for business.
Stop Choosing To Be Broke
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Stop Choosing to be Broke A User's Guide to Money
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In Stop Choosing to Be Broke: A User's Guide to Money, you will learn how to make intentional, purpose-driven choices about your finances. As you do, you will stop making the everyday choices that are keeping you broke and start making choices that will bring financial peace and propel you toward the lifestyle, retirement, and relationships you want.
What Your CPA Isn’t Telling You
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Life-Changing Tax Strategies
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This is a powerful story woven around one theme: Tax planning can change your life.
- How can I save on taxes? - attorney and CPA Mark J. Kohler empowers you to dismiss standard CPA viewpoints like "your tax payment is what it is" and "you just make too much money."
Simplified through the mastery of storytelling, Kohler invites you to immerse yourself in the compelling tale of a typical family's tax awakening. Through their journey, you'll discover critical but underutilized tax strategies to achieve huge tax savings, greater wealth, and ultimately, a winning pursuit of the American dream.
The Tax & Legal Playbook
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An Authoritative Guide For Self Directed Retirement Plan Investors and Their Advisors
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The Self-Directed IRA Handbook is the most widely used book in the self-directed IRA industry. The first edition was released in 2013 and sold over 20,000 copies. The Second Edition added 80 new pages of content and three new chapters (solo 401(k), cryptocurrency, valuations) with over 50 new citations. The Handbook, now in its Second Edition, clearly explains the prohibited transaction rules, investment structures, common self-directed IRA investment assets (real estate, private company, IRA/LLCs, private equity, hedge funds, crowdfunding, crytpocurrency, precious metals), and IRA tax pitfalls (UBIT & UDFI tax). The Handbook also includes extensive FAQs after each chapter, and nearly 150 citations to cases, statutes, rulings, and opinions from the IRS and DOL.
The Business Owner’s Guide to Financial Freedom
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What Wall Stree Isn’t Telling You
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Tailored for small-business owners and entrepreneurs like yourself who are looking for long-term financial planning and wealth management, The Business Owner's Guide to Financial Freedom reveals the secrets behind successfully investing in your business while bypassing Wall Street-influenced financial planners.
Attorney and CPA Mark J. Kohler and expert financial planner Randall A. Luebke deliver a guide catered to your entrepreneurial journey as they teach you how to create assets that provide income so work is no longer a requirement, identify money and tax-saving strategies, and address business succession plans to help you transition into the investment phase of business ownership.
Learn how to:
Pinpoint the dollar value of your business with a step-by-step formula
Eliminate and avoid bad debt while leveraging your good debt
Uncover investment strategies Wall Street won't tell you
Achieve long-term goals with the Four-by-Four Financial Independence Plan
Find an advisor willing to look out for your best interests
Super-charge your 401(k) and leverage your insurance to get rich
Create the best exit strategy for you, your business, and your family
Avoid the most common mistakes in real estate investment
Protect your hard-earned assets from security threats ready to strike
