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How Joe Biden's Tax Plan Could Affect Small-Business Owners This attorney and certified public accountant breaks down the Democratic nominee's small-business policies.

By Mark J. Kohler

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

In advance of the first presidential debate, it's important to know how each candidate might affect the lifestyle and livelihood of small-business owners and people with side hustles. In order to do that, you need to be able to find a source you trust who can give you the facts. CPA and attorney Mark Kohler attempts to do just that in this video, by breaking down how Joe Biden intends to implement taxes if elected.

Previously, Entrepreneur explained President Donald Trump's tax strategies and their effects on the economy, and many of us are familiar with two of his signature pieces of financial governance during his first term: the Tax Cuts and Jobs Act of 2017, which lowered taxes for most of the country, and The CARES Act, the bill designed for Covid stimulus which Kohler has covered extensively.

So, to better understand how the Democratic and Republican nominees differ on tax policy, Kohler spends 40 minutes in this video explaining the policies and emphases Biden prefers, as well as how those policies might affect your community and your bottom line.

Click play to watch the full video and learn more about how Joe Biden's tax plan could impact you and your business.

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark Kohler, M.PR.A., C.P.A., J.D., is a highly respected Founding and Senior Partner at KKOS Lawyers, specializing in tax, legal, wealth, estate, and asset protection planning. With a reputation as a YouTube personality, best-selling author, and national speaker, Kohler is dedicated to guiding clients through complex legal and financial landscapes to achieve their American Dream. He also serves as the co-founder and Board Member of the Directed IRA Trust Company and has launched the Main Street Certified Tax Advisor Program to train CPAs and Enrolled Agents nationwide. As the co-host of The Main Street Business Podcast and The Directed IRA Podcast, he simplifies intricate topics like legal and tax strategy, asset protection, retirement, investing, and wealth growth. Mark Kohler's commitment to helping entrepreneurs and small business owners attain success and financial security has made him a trusted expert in the field, benefiting countless individuals and businesses in navigating the financial and business world with confidence.

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