Putting Your Spouse On Payroll - A Good Idea? | Mark J Kohler | CPA | Attorney

[@ltamargo]

Amazing! Learned more in just a few minutes than in reading for hours.

[@GlennGoryl]

You Sir, are an artist. Thank you.

[@petervendetti2796]

Great video I prefer them instructive and short

[@daverobinson1574]

God bless you and your family Mark. You break it down in very simple terms. Keep up the great work you are doing.

[@MarkJKohler]

Thanks so much!!! Please subscribe and share with others!!

[@207southbeach]

I learned a lot from your videos, in fact I learned everything I needed in couple videos. I had the question about the spouse for retirement "401k" and this video answered more than what I asked for. Thanks a lot Sir!!!

[@MarkJKohler]

That is awesome! That makes me happy! Thanks so much for watching!

[@mjwright79]

Great video, and this is one of many on your channel, thanks for sharing. FYI we're projecting 1MM in sales this year and we decided we need a CPA now, you were the first person I thought of (lucky i had shaved your channel) but after twice registering on your site for the 'Contact Us' and not getting a response I called today and was informed y'all are at capacity and not taking new clients...

[@McBirdec]

I love listening to these videos on 1.25x speed - very high energy!

[@MarkJKohler]

hahaha! I love it! Thanks for watching!

[@Visiting.earth7]

love this info, thank you

[@anthonyharris7269]

Thanks for the great videos Mark and team! We bought our first rental in November and you have me convinced, it's time to take it up a notch and hire a CPA.

[@MarkJKohler]

Thank you so much for watching! You're awesome! If you are still looking for a CPA, contact my firm 435-865-5866

[@stevenroshni1228]

I would have thought Social Security would be a reason, thanks for the explanation!

[@MarkJKohler]

You are very welcome!

[@petermckane4834]

thank you Mark

[@zazooe-shop2425]

I definitely need a consult!

[@cookiejones9074]

1. Can I do both, put my spouse as a W2 employee in my s-corp and he be a sole prop for the HRA? 2. If my spouse has a 401k with his day job, do we have to worry about yearly contribution limits ?

[@1coolcontractor]

Mark. Thanks for the great video. Does this work as a sole prop?

[@PogueSquadron]

This can all be fairly overwhelming, but my original understanding was that it was worth doing this because of how expensive self employment tax is. Wouldn’t my spouse be taxed at a lower rate, all things considered, than if I made everything under my LLC?

[@realestatejunkie0414]

The music is so annoying. The content is great.

[@johncpope]

How do I get more information on your "Quickbooks for Small Business" training?

[@robwin0072]

Mark, when you reference 401K, are you referring to a Solo-401K?

[@MeMe-fk1ye]

Are you familiar with working with small businesses that utilize the “Infinite Banking Concept”

[@JIMKOR]

Me Me I will absolutely like to know how this works.

[@MarkJKohler]

Yes! Please shoot me an email and I'll get back to you as soon as I have a chance. [e-mail]

[@hjwang4477]

Thanks for the video. If I have HSA, do I still need HRA? I max out HSA and put in index fund. We don't have lots of medical expense, so is it better just stay with HSA since we can earn from stock. and HRA cant?

[@willcollins5660]

Hi Mark, thanks for the content. If I live and have an LLC in California, but also work and do transactions deals in other states such as New York, Florida, Ohio, Texas and Kansas. Does that mean I need to get an LLC for each of those states as well, a total of 5 more LLC. Or will my California LLC suffice for those 5 states I just mentioned?

[@liltarus4794]

Can putting a spouse on pay roll help with a future alimony defense? Tactic currently reading more about.

[@greenlegaciesrobertlaurist8737]

You are the bomb 💣

[@asrickman1]

Everyone else enjoyed this episode way too much? 🙋🏽‍♀️🤣🤣🤣🤣🤣

[@ivonnerivera6600]

Question so you can put your spouse on payroll but they never work for your company?

[@john14twelve14]

After recently finding your channel, are videos like this from 4 years ago still applicable….meaning has tax code or law changed in the last 4 years, RE: this video?

[@itskimwhalen]

Great video. So helpful! Thank you. My husband and I are forming an LLC with a Scorp status is there a pro and con of being a single-member vs multi-member in this situation? We are equally involved with the company and live in a community property state.

[@MarkJKohler]

There is, and it has to do with when you file the taxes for your business. If you are forming the entity now, I would recommend emailing my assistant [e-mail] and setting up a consult, I am sure it will save you WAY more than it will cost.

[@bradleybrown1047]

Hi Mark, I would like to have you as my CPA and tax attorney. How do I get on your schedule? I have worked with Nolan and Janey in the Utah office for both of my business entities, i have also set an appointment with Jesse at K&E but I'd like to work with you for tax and accounting strategies.

[@MarkJKohler]

Please call my assistant Rosalie at 435-586-9366 ext 2024 and she will help you schedule an appointment with me. Thanks man!!

[@private464]

This is a great video. Thank you for making all of this important, money-saving information out there...and explaining it so well too! One question: I want to fund my Individual Roth 401k so that it grows tax free. I'll hire my wife too, like you described, by having her max out her Roth 401k. My question is on the extra 25 percent for each of us. I was told that it had to be in a regular 401k...and only maybe later converted to the Roth. I want everything to grow tax free. Can you briefly explain this one point about the extra 25 percent please? Thank you!

[@MarkJKohler]

Yes... quickly. Forgive me. So busy. Remember the 25% match is just that. It's the "company's match" to your deferral. So if your deferral is a Roth, that's great, even your wife's deferral...but then you get to do the company match. The match is 25% of the salary. That is a deduction to the company and therefore treated as 'traditional money'. But if you want Roth (which is great...I agree with your perspective), then on day 2 you simply convert the traditional to the Roth portion. The tax on the conversion, would be offset with the deduction by the company. Assuming you have no other employees and the right type of solo 401k. The attorney in my office that is excellent with this is Kevin Kennedy out of my Phoenix office. He is more affordable than you may think. He could save you thousands and a ton of time. Just book a 1/2 hour with him on things like this. We also have a fully self-directable solo 401k. You can make an appointment with Kevin over the phone from anywhere in the country. If interested, call the office at 435-586-9366.

[@mlwebb79]

Mark, can you work with clients in all 50 states?

[@MarkJKohler]

Yes my office KKOS can work with all states! Here is the website if you would like to learn more kkoslawyers.com/

[@Yeahhhbuddyuo]

Do I have to schedule C my wife in order to have her have profit sharing contribution? Or 1099 is enough to contribute both employer and employee portion

[@DialloStevens]

Does the HRA thing still apply? I was looking into that, but it seems self-employed can't do it? Also, Mark, I tried to get with your office on another matter (one of your clients recommended you), but the slow texting vs a phone call with a human was unsettling (fyi).

[@Cyberbeesty]

What’s the difference between HSA and Your health account

[@noelnazareno6820]

Thanks for this informative video Mark. I've been considering adding my wife (who has a day job & company 401K or some retirement) into my S Corp and participate with my Solo 401K. But I've been told that her fica and other taxes does not merit the deductions I would get for my S Corp. Sounds different what you explained here, do I need consultation with you?

[@MetalBum]

Mark do we have to have a minimum payment amount to add my spouse to my 401k? Like to give my spouse a $19000 401k how much payroll must I pay her? Is there a minimum?

[@HighCountryRambler]

I have a LLC, Roth, IRA, HSA, and for some reason have my rentals in my Trust. Seems like I have most in place, but not using any of them. HELP!

[@MarkJKohler]

Tim go ahead and call my office at 435-586-9366. We would love to schedule a consultation with you!

[@joerodriguez6894]

Does anyone know if you can do this with a LLC??

[@hazelandava]

I believe it’s only for S Corp. Without S Corp election, your tax will flow through schedule C

[@tasnam]

Mark we should talk. My companies might be a fun project for you....

[@MarkJKohler]

I would love that! Give my scheduler Darci a call so she can give you some info! 435-586-9366 ext 2024

[@learningwithmrandmrsjames4686]

I have a business which was register in Jan so I want to file my 2553 form and include my husband as 50% ownership is that possible My cpa saying it’s a stress why

[@carter2556]

Hi Mark, question..i work fulltime 5 days a week in w2 payroll making$22/hr 8-6pm. My wife just start part time job working 5 days a week 10am-3pm making $25/hr. Her company told her to file 1099, but i told her it’s better to file w2 because next year, i’m afraid i wont get much return from tax return for 2019. Which one is better for us when we file join tax next year? let her file 1099 or w2? Thank you Mark

[@MarkJKohler]

Hey! Great question! Sorry I didn't answer your question sooner. But I will answer it LIVE today at 5 PM Central Time during my KZbin Live. Hope to see you there! I will post a link after if you miss it :)

[@pinkstardiamond]

Is HRA HSA?

[@peaceful-one826]

love your content but I have to say the background music is so distracting to me that I can't watch the whole thing :( are all of your videos like this? I guess I'm just sensitive but it's too much following your strategies and hearing the music while you are talking.

[@audeque]

I like you Mr. Mark :)

[@MarkJKohler]

Thanks! Hope I can help!

[@TEXHEXandfriends]

Love it, call me

[@amerk1]

Hey i have sent you mail 2 days ago can you check

[@MarkJKohler]

what is your name or email so I can look for you?