Sign up to save your podcasts
Or
Share Interview with Kyle T Kadish: Controlling Your Taxes
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
Interview with Kyle T Kadish: Controlling Your Taxes
Kyle T Kadish is the President of Advantage Wealth Solutions – a company that utilizes strategies within the tax code and investment opportunities across all capital markets helping investors maintain wealth and enhance investment portfolios.
Since 2004, Kyle T Kadish has worked with investors to take advantage of investment opportunities across all markets. His focus has been introducing investors to strategies, securities, and investment structures to enhance their portfolios. With a focus on the Internal Revenue Code, he structures transactions and utilizes investments that allow taxpayers to keep more of what they have created and built – deferring, mitigating, and reducing tax liabilities
In this episode, Kyle Kadish of Advantage Wealth Solutions is here to fill us in on some of it. Through real estate and some amazing tax laws, investors are able to make world-changing improvements for themselves.
“Business owners have been paying taxes the payroll taxes property taxes, profitability taxes, depending on which state they were in. And upon exit. They don’t want to give up more of that value that they’ve created over the life of that business.”
– Kyle Kadish Why you have to check out today’s podcast:- Learn how to get your business taxes under control
- Discover ways to tackle common tax tribulations that continue to fluster small-business owners
- Learn the tax implications when you are exiting a business.
Go to www.3xvaluegrowth.com/model
Episode Takeaways: Ways to Control Tax Tribulations and Control Your Taxes- Start early, keep good books.
- Pay attention to deductibles and business expenses.
- Ask for professional help.
For FREE tax savings analysis on a commercial or investment property, or a stock or a business you own, please visit and complete the form at www.mydstplan.com/ktkadish
Full Interview Transcript
Kerri Salls: Hello everyone. Welcome to another edition of the 3X Value Growth Podcast. My name is Kerri Salls coming to you as always from New Hampshire.
Kerri Salls: My piece of New Hampshire trivia for this episode is that Alan Bartlett Shepard,Jr, the first American to travel in space is from Derry, New Hampshire-my town. I’m joined today by Kyle Kadish of Advantage Wealth Solutions. First very much welcome, Kyle.
Kyle T Kadish: Thank you very much, Kerri. Glad I could be here today.
Kerri Salls: I am so glad you are really. I know how busy your schedule is and just finding time to make this happen. I really appreciate you finding the time where you are so much in demand. I feel we’re really fortunate to have you here for this interview. Thank you again.
Kerri Salls: And so everyone else appreciates what you bring to the table, Kyle. I just wanted to tell them that since 2004, Kyle has worked with investors to take advantage of investment opportunities across all markets. His focus has been introducing investors to strategies, securities, and investment structures to enhance their portfolios.
Kerri Salls: With a focus on the Internal Revenue Code. He structures transactions and utilizes investments that allow taxpayers to keep more of what they’ve created and built. Deferring mitigating and reducing tax liabilities.
Kerri Salls: So I think it’s perfect that your title for our seven-minute interview today is ‘Controlling Your Taxes’. Very, very nice and we’re gonna do that in just seven minutes, right?
Kyle T Kadish: Well we certainly are. But I got to say whenever I’m hosting a continuing education session, bring up the idea of taxes I need to lock the room just so people stay, and pay attention.
Kerri Salls: Well, we want them excited not fearful. So, we’ll work on that. Definitely. So we’re going to get started. And the first question is who’s your ideal client?
Kyle T Kadish: Yeah it could be very general and broad just to say anyone that has a near-term liquidity event. But more in particular Kerri, it comes down with anyone that has the tax liability being created from that event. Business owners real estate investors are the two areas where most of my clients are in.
Kyle T Kadish: When it comes down to the business owner it’s really looking for someone who’s maybe selling in the next six months or so. And with a mid-market valuation, the company somewhere between 4 and 9 million dollars is where we can provide the most efficiency of the tax code.
When it comes down to the business owner it's really looking for someone who's maybe selling in the next six months or so. - @ktkadish
CLICK TO TWEET
Kyle T Kadish: However, what we’re it really makes sense could be anyone who has $250,000 or more generating tax liabilities for the amount of sale of an asset.
Kerri Salls: So you’re telling me that they need to speak to you at least six months before a transaction would occur. Not necessarily six months I would say, we can conduct transactions in much less time. I think that provides all parties enough review enough of a review period. We don’t really need to be working with anyone longer than that timeframe. Because they’re working with other professionals to build their enterprise.
Kerri Salls: So number 2, what problem are you solving for these business owners and individuals?
Kyle T Kadish: Yeah it really comes down to the taxation upon the sale. We’re helping them retain more of the pre-tax dollars that can be utilized post-sale.
It really comes down to the taxation upon the sale. We're helping them retain more of the pre-tax dollars that can be utilized post-sale.- @ktkadish
CLICK TO TWEET
Kyle T Kadish: Again I mentioned business owners and real estate. But it could even work for individuals who are selling collectibles. We really work on the… as I said earlier the mid-market business owner. But for a lot of those individuals, they will also maybe own a vacation home or investment property and we can actually help consolidate those assets on a pre-tax basis after the sale, too.
Kerri Salls: Okay. Well, we’re two and a half minutes in number three what are the typical symptoms that you see that people are experiencing or that they start talking about that made you laugh.
Kyle T Kadish: Yeah. I think we all know and understand that we have an obligation to pay some taxes but many individuals I speak with Kerry feel they pay too much. Or it’s not necessarily their decision as to how much they pay.
Kyle T Kadish: So business owners have been paying taxes the payroll taxes property taxes, profitability taxes, depending on which state they were in. And upon exit. They don’t want to give up more of that value that they’ve created over the life of that business.
Sometimes upon the sale, the markup could be 40- 50 % just because the seller has a net number. We’re also not able to help them keep more of that gross but maybe even they can take a little less than they would want to market because we’re going to have greater use of that capital. So the company becomes more marketable.
Kerri Salls: But I also think I just heard you say that they could take a little bit less because they won’t be giving away extra to Uncle Sam.
Kyle T Kadish: Correct whether it’s Uncle Sam or their own state taxes. The states as well that they might be subject to. Correct. So we’re not avoiding taxes in any way rather it’s structuring when you pay the taxes and how much you pay.
Kerri Salls: Got it. So onto question number 4 what do you see are the most common mistakes that people are making when they try to solve this on their own?
Kyle T Kadish: Yeah! It really comes down to they don’t know what they don’t know. Not faulting anyone at all or placing blame here. But a lot of the professionals they might be working with let’s just use an accountant for example if an accounting practices 150 households, how many of them in any given year will be going through a liquidity event?
Kyle T Kadish: It’s a de minimis number. So you might be the only client going through this situation. So it’s not something necessarily the accountants focus on. What we’re able to do is make the accountant more of a scorekeeper or maker instead of a scorekeeper. Also with business brokers, we can make them more honest in the sale. Because we’re closer to that true value of what the client will have after the sale.
Kerri Salls: Then, question 5, what is one valuable free resource (VFR) that audience members can implement right now to start solving the problem?
Kyle T Kadish: Well, As they continue to work with you and other great professionals and advisors like Doug and Jason, they do have an idea in mind of what their exit will be. They should be working with their accountant and financial advisor now to start harvesting the losses from other parts of their portfolio which can be carried forward to offset that gain.
Kyle T Kadish: Just a little on capital markets and the stock, let’s just say the S&P 500, historically 30-40 of the names in the S&P have been negative each on any given year. So you could sell those stocks and carry forward those losses until a point in time to offset gains.
Kerri Salls: That’s perfect. Therefore my next question for you is what is one valuable free resource you can direct people to that will further help with that problem. Where can they go to get more from you?
Kyle T Kadish: Yes certainly. Through our websites myDSTplan.com/ktkadish it’s posted attached to the description of this podcast.
But that’s where we just begin the conversation. As I mentioned earlier every situation is different and we want to begin having that conversation to see if this actually makes sense for the business owner or real estate investor.
I will also add that there is no charge or any fee until the transaction actually happens.
My last question is what’s the one question I should be asking you that would give great value to our listeners and then tell us the answer too, please.
Kyle T Kadish: Yes sure. Kerri this comes up all the time when I’m having conversations with those business owners or the real estate investors, why haven’t I heard this before? And I can’t answer that. But I can say that it’s been codified in the Internal Revenue Code for over 90 years. My colleagues and partners I work with have been focused on this for a quarter century and it’s been proven and tested by the IRS. Thousands of transactions and billions of dollars that were allowing those tires to continue making productive use of a pre-tax basis.
Why haven't I heard this before?-@ktkadish
CLICK TO TWEET
Kerri Salls: That’s huge. Definitely.
Kerri Salls: Thank you so much. I really appreciate your time today. It’s been a pleasure to have Kyle Kadish here on the 3X Value Growth Podcast, Kyle.
Kyle T Kadish: Kerri, thank you for having me and listeners thank you for tuning in.
Kerri Salls: Thanks for checking out the 3X Value Growth Podcast if you like what we’re doing here. Head over items and subscribe leave us a review or rate us. It’s very much appreciated. And if you’d like to learn more about the 3X Value Growth Model go to www.3xvaluegrowth.com/model for the PDF.
Connect with Kyle T Kadish- www.advantagewealthsolutions.com
Enjoyed the Podcast?
Please subscribe on iTunes for updates
View all episodes
By Kerri Salls, MBA. CVGAKyle T Kadish is the President of Advantage Wealth Solutions – a company that utilizes strategies within the tax code and investment opportunities across all capital markets helping investors maintain wealth and enhance investment portfolios.
Since 2004, Kyle T Kadish has worked with investors to take advantage of investment opportunities across all markets. His focus has been introducing investors to strategies, securities, and investment structures to enhance their portfolios. With a focus on the Internal Revenue Code, he structures transactions and utilizes investments that allow taxpayers to keep more of what they have created and built – deferring, mitigating, and reducing tax liabilities
In this episode, Kyle Kadish of Advantage Wealth Solutions is here to fill us in on some of it. Through real estate and some amazing tax laws, investors are able to make world-changing improvements for themselves.
“Business owners have been paying taxes the payroll taxes property taxes, profitability taxes, depending on which state they were in. And upon exit. They don’t want to give up more of that value that they’ve created over the life of that business.”
– Kyle Kadish Why you have to check out today’s podcast:- Learn how to get your business taxes under control
- Discover ways to tackle common tax tribulations that continue to fluster small-business owners
- Learn the tax implications when you are exiting a business.
Go to www.3xvaluegrowth.com/model
Episode Takeaways: Ways to Control Tax Tribulations and Control Your Taxes- Start early, keep good books.
- Pay attention to deductibles and business expenses.
- Ask for professional help.
For FREE tax savings analysis on a commercial or investment property, or a stock or a business you own, please visit and complete the form at www.mydstplan.com/ktkadish
Full Interview Transcript
Kerri Salls: Hello everyone. Welcome to another edition of the 3X Value Growth Podcast. My name is Kerri Salls coming to you as always from New Hampshire.
Kerri Salls: My piece of New Hampshire trivia for this episode is that Alan Bartlett Shepard,Jr, the first American to travel in space is from Derry, New Hampshire-my town. I’m joined today by Kyle Kadish of Advantage Wealth Solutions. First very much welcome, Kyle.
Kyle T Kadish: Thank you very much, Kerri. Glad I could be here today.
Kerri Salls: I am so glad you are really. I know how busy your schedule is and just finding time to make this happen. I really appreciate you finding the time where you are so much in demand. I feel we’re really fortunate to have you here for this interview. Thank you again.
Kerri Salls: And so everyone else appreciates what you bring to the table, Kyle. I just wanted to tell them that since 2004, Kyle has worked with investors to take advantage of investment opportunities across all markets. His focus has been introducing investors to strategies, securities, and investment structures to enhance their portfolios.
Kerri Salls: With a focus on the Internal Revenue Code. He structures transactions and utilizes investments that allow taxpayers to keep more of what they’ve created and built. Deferring mitigating and reducing tax liabilities.
Kerri Salls: So I think it’s perfect that your title for our seven-minute interview today is ‘Controlling Your Taxes’. Very, very nice and we’re gonna do that in just seven minutes, right?
Kyle T Kadish: Well we certainly are. But I got to say whenever I’m hosting a continuing education session, bring up the idea of taxes I need to lock the room just so people stay, and pay attention.
Kerri Salls: Well, we want them excited not fearful. So, we’ll work on that. Definitely. So we’re going to get started. And the first question is who’s your ideal client?
Kyle T Kadish: Yeah it could be very general and broad just to say anyone that has a near-term liquidity event. But more in particular Kerri, it comes down with anyone that has the tax liability being created from that event. Business owners real estate investors are the two areas where most of my clients are in.
Kyle T Kadish: When it comes down to the business owner it’s really looking for someone who’s maybe selling in the next six months or so. And with a mid-market valuation, the company somewhere between 4 and 9 million dollars is where we can provide the most efficiency of the tax code.
When it comes down to the business owner it's really looking for someone who's maybe selling in the next six months or so. - @ktkadish
CLICK TO TWEET
Kyle T Kadish: However, what we’re it really makes sense could be anyone who has $250,000 or more generating tax liabilities for the amount of sale of an asset.
Kerri Salls: So you’re telling me that they need to speak to you at least six months before a transaction would occur. Not necessarily six months I would say, we can conduct transactions in much less time. I think that provides all parties enough review enough of a review period. We don’t really need to be working with anyone longer than that timeframe. Because they’re working with other professionals to build their enterprise.
Kerri Salls: So number 2, what problem are you solving for these business owners and individuals?
Kyle T Kadish: Yeah it really comes down to the taxation upon the sale. We’re helping them retain more of the pre-tax dollars that can be utilized post-sale.
It really comes down to the taxation upon the sale. We're helping them retain more of the pre-tax dollars that can be utilized post-sale.- @ktkadish
CLICK TO TWEET
Kyle T Kadish: Again I mentioned business owners and real estate. But it could even work for individuals who are selling collectibles. We really work on the… as I said earlier the mid-market business owner. But for a lot of those individuals, they will also maybe own a vacation home or investment property and we can actually help consolidate those assets on a pre-tax basis after the sale, too.
Kerri Salls: Okay. Well, we’re two and a half minutes in number three what are the typical symptoms that you see that people are experiencing or that they start talking about that made you laugh.
Kyle T Kadish: Yeah. I think we all know and understand that we have an obligation to pay some taxes but many individuals I speak with Kerry feel they pay too much. Or it’s not necessarily their decision as to how much they pay.
Kyle T Kadish: So business owners have been paying taxes the payroll taxes property taxes, profitability taxes, depending on which state they were in. And upon exit. They don’t want to give up more of that value that they’ve created over the life of that business.
Sometimes upon the sale, the markup could be 40- 50 % just because the seller has a net number. We’re also not able to help them keep more of that gross but maybe even they can take a little less than they would want to market because we’re going to have greater use of that capital. So the company becomes more marketable.
Kerri Salls: But I also think I just heard you say that they could take a little bit less because they won’t be giving away extra to Uncle Sam.
Kyle T Kadish: Correct whether it’s Uncle Sam or their own state taxes. The states as well that they might be subject to. Correct. So we’re not avoiding taxes in any way rather it’s structuring when you pay the taxes and how much you pay.
Kerri Salls: Got it. So onto question number 4 what do you see are the most common mistakes that people are making when they try to solve this on their own?
Kyle T Kadish: Yeah! It really comes down to they don’t know what they don’t know. Not faulting anyone at all or placing blame here. But a lot of the professionals they might be working with let’s just use an accountant for example if an accounting practices 150 households, how many of them in any given year will be going through a liquidity event?
Kyle T Kadish: It’s a de minimis number. So you might be the only client going through this situation. So it’s not something necessarily the accountants focus on. What we’re able to do is make the accountant more of a scorekeeper or maker instead of a scorekeeper. Also with business brokers, we can make them more honest in the sale. Because we’re closer to that true value of what the client will have after the sale.
Kerri Salls: Then, question 5, what is one valuable free resource (VFR) that audience members can implement right now to start solving the problem?
Kyle T Kadish: Well, As they continue to work with you and other great professionals and advisors like Doug and Jason, they do have an idea in mind of what their exit will be. They should be working with their accountant and financial advisor now to start harvesting the losses from other parts of their portfolio which can be carried forward to offset that gain.
Kyle T Kadish: Just a little on capital markets and the stock, let’s just say the S&P 500, historically 30-40 of the names in the S&P have been negative each on any given year. So you could sell those stocks and carry forward those losses until a point in time to offset gains.
Kerri Salls: That’s perfect. Therefore my next question for you is what is one valuable free resource you can direct people to that will further help with that problem. Where can they go to get more from you?
Kyle T Kadish: Yes certainly. Through our websites myDSTplan.com/ktkadish it’s posted attached to the description of this podcast.
But that’s where we just begin the conversation. As I mentioned earlier every situation is different and we want to begin having that conversation to see if this actually makes sense for the business owner or real estate investor.
I will also add that there is no charge or any fee until the transaction actually happens.
My last question is what’s the one question I should be asking you that would give great value to our listeners and then tell us the answer too, please.
Kyle T Kadish: Yes sure. Kerri this comes up all the time when I’m having conversations with those business owners or the real estate investors, why haven’t I heard this before? And I can’t answer that. But I can say that it’s been codified in the Internal Revenue Code for over 90 years. My colleagues and partners I work with have been focused on this for a quarter century and it’s been proven and tested by the IRS. Thousands of transactions and billions of dollars that were allowing those tires to continue making productive use of a pre-tax basis.
Why haven't I heard this before?-@ktkadish
CLICK TO TWEET
Kerri Salls: That’s huge. Definitely.
Kerri Salls: Thank you so much. I really appreciate your time today. It’s been a pleasure to have Kyle Kadish here on the 3X Value Growth Podcast, Kyle.
Kyle T Kadish: Kerri, thank you for having me and listeners thank you for tuning in.
Kerri Salls: Thanks for checking out the 3X Value Growth Podcast if you like what we’re doing here. Head over items and subscribe leave us a review or rate us. It’s very much appreciated. And if you’d like to learn more about the 3X Value Growth Model go to www.3xvaluegrowth.com/model for the PDF.
Connect with Kyle T Kadish- www.advantagewealthsolutions.com
Enjoyed the Podcast?
Please subscribe on iTunes for updates