Reported 4 months ago
The article discusses tax strategies for small businesses, focusing on the 'Trifecta' model presented by KKOS Lawyers Founding and Senior Partner Mark Kohler. Kohler emphasizes the importance of converting to an S corporation when a business reaches around $60,000 in net income to save on self-employment tax. The article also mentions the significance of finding an advisor for comprehensive tax planning and utilizing the family board meeting strategy to involve family members in the business and gain tax benefits.
Source: YAHOO