Right About Now - Legendary Business Advice
Mark J. Kohler joins Ryan Alford on Right About Now to talk about how entrepreneurs, side hustlers, and small business owners can think differently about taxes and wealth. As a tax attorney, CPA, author, and educator, Mark explains why the tax code is not just something to fear once a year, but a tool business owners can learn to use legally and strategically. Ryan and Mark cover the difference between earning more money and keeping more money, including how side hustles, rental properties, 1099 income, and business expenses can create real advantages when handled correctly. Mark also shares why business owners need to stop fully delegating their tax strategy and instead become the CEO of their own tax team. The episode also dives into family payroll, family board meetings, Roth IRAs, self-directed IRAs, crypto, and how small business owners can involve their families while building wealth. It is a practical, high-energy conversation about taking ownership of your money, understanding the rules, and using the same strategies wealthy people study every year. Topics Covered * Why small business owners overpay in taxes * How the tax code motivates wealth-building behavior * Side hustles as a gateway to tax strategy * Why business owners need better bookkeeping * What your accountant may not be telling you * Family payroll and paying your kids through the business * Roth IRAs, crypto, and self-directed retirement accounts * How to build a tax team instead of outsourcing everything * Ryan Alford and Mark J. Kohler on ownership, discipline, and wealth Links Right About Now / Ryan Alford https://www.ryanisright.com/ [https://www.ryanisright.com/] https://www.ryanalford.com/ [https://www.ryanalford.com/] https://www.instagram.com/ryanalford/ [https://www.instagram.com/ryanalford/] Mark J. Kohler https://markjkohler.com/ [https://markjkohler.com/] https://www.instagram.com/markjkohler/ [https://www.instagram.com/markjkohler/] https://www.youtube.com/@markjkohler [https://www.youtube.com/@markjkohler] https://mainstreetbusinesspodcast.com/ [https://mainstreetbusinesspodcast.com/] https://directedira.com/ [https://directedira.com/] Episode Timestamps * 00:00 – Stop Blaming the Rich & Own Your Destiny * 00:32 – Introduction: Welcome to Right About Now with Ryan Alford * 00:53 – Introducing Main Street Tax Attorney Mark J. Kohler * 01:31 – Mark's Journey from Lemonade Stands to the 1% * 02:31 – Why Taxes Are Law (And Why the "Big Dogs" Afford It) * 03:29 – The Side Hustle Revolution & Building Wealth * 04:42 – The 1099 Golden Ticket: Write-Offs You're Missing * 05:32 – Demystifying Tax Brackets & Effective Tax Rates * 06:09 – Real Estate & Depreciation Strategies (The Trump Tax Anomaly) * 07:29 – Tax Strategies the Rich Geek Out On (Roth IRAs & HSAs) * 08:50 – Understanding the True Purpose of the Tax Code * 09:58 – Oil & Gas Tax Credits Explained * 11:17 – The #1 Thing Small Business Owners Must Stop Doing * 12:35 – Being the CEO of Your Own Tax Team * 13:05 – Treat Your Side Hustle Like a Real Business * 14:07 – Tracking Expenses: Stop Delegating, Start Documenting * 14:51 – Integrating Family: How to Form a Family Board & Family Office * 16:17 – Putting Your Kids on the Payroll Tax-Free * 18:44 – Why Your Current Accountant Might Fight New Tax Strategies * 20:57 – Mark’s Take on the Crypto Bus & XRP * 21:38 – The Difference Between a Financial Advisor and an Investment Advisor * 23:32 – What Fuels Success & The Ultimate Goal of the American Dream * 25:05 – Where to Find Mark J. Kohler's Resources & Network * 26:17 – Closing Thoughts: Information Doesn't Change Lives, Execution Does
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