Main Street Business

In this episode of the Main Street Business Podcast, Mark J. Kohler sits down with music industry icon Wendy Starland to talk about the dark side of streaming services. Learn why & how artists are being shortchanged and how her new platform, Music Soul, is creating a fairer, brand-integrated ecosystem for musicians, fans, and businesses alike. Here are some of the highlights: Learn more about Wendy Starland here! - https://www.wendystarland.com FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen explain FinCEN’s BOI requirement and what it means for LLCs and corporations. With compliance deadlines approaching fast, they provide expert guidance on how to file properly and avoid costly fines. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen answer your top tax and legal questions. From choosing the right tax advisor (without overpaying for empty credentials) to navigating HSAs, S corp taxation, and solo 401(k) limitations—this episode is packed with practical strategies to keep your business and investments in top shape. Plus, they break down how their Crypto IRA can help you leverage cryptocurrency in your retirement portfolio. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler explains how to successfully transition out of your business while maximizing value. From setting up a seamless family succession plan to making your business more appealing for a third-party sale, he shares practical steps to ensure a smooth and profitable exit. Tune in for expert strategies that will help you plan your next move with confidence! Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler shares the blueprint for tax-efficient business ownership. He explains why smart bookkeeping is key, how to leverage deductions, and when to transition from an LLC to an S corp for optimal tax savings. If you’re tired of overpaying the IRS, this episode is a must-listen! Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler uncovers the secret to saving big on taxes and strengthening your business—the family board meeting. Discover how to legally write off travel, meals, and payments to family members, while staying compliant and building financial security. Mark breaks down the process step by step, making it easy for any small business owner to implement. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler shares expert tax and legal strategies designed for life coaches who want to build a thriving business. Discover why starting with an LLC is crucial, how to track expenses effectively, and smart ways to involve your family for tax benefits. With actionable insights and real-world advice, Mark helps life coaches take control of their finances and set the foundation for long-term success. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen share powerful insights on why converting your LLC to an S corporation is a game-changer for tax savings. They discuss the crucial tax advantages, the importance of structuring income properly, and walk you through the filing process. Find out how you could potentially save $7,000 or more with this strategic business move. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen explain how to create a comprehensive, actionable plan for the year ahead. They discuss the value of aligning your goals with a long-term vision and offer tips for making measurable progress while staying flexible enough to adapt as needed. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler tackles the top challenges facing accountants today, from the disconnect with business owners to the need to shift from compliance to advisory roles. Learn actionable strategies to elevate your practice and thrive in the evolving tax industry. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Josh Jalinski discuss the key elements of successful financial planning for business owners. From annual life insurance reviews to emergency funds and disability insurance, they share practical steps to avoid costly mistakes and achieve lasting financial stability. Here are some of the highlights: To Learn more about Josh Jalinski, check out his Jalinski Advisory Group - https://jalinski.com/ FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

BOIs on Hold Again - 5th Circuit Reverses Itself on 12/27/24. A big win for small businesses in this court saga. Going live to get into what this means for you! This case has been moving fast so if you haven't filed your BOIs for your LLCs or corporations make sure your subscribed and catching the latest updates to stay in compliance. If you need help completing your BOI report (and are done with the Court theatrics) my company Main Street Business Services can help you! Find them at https://www.mainstreetbusiness.com/contact Subscribe to my Youtube Channel to keep up with BOI updates! https://www.youtube.com/@MatSorensen FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler dives into the financial benefits of transitioning to an S corp. He highlights the importance of splitting income into payroll and draws, shares his foolproof 50/50 strategy, and explains why it’s a safe and effective approach. With practical advice on avoiding IRS scrutiny and optimizing your business structure, this episode is a must-listen for entrepreneurs and small business owners. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

The department of justice has filed an emergency appeal to reverse the recent court ruling on the FinCEN Beneficial Ownership Information (BOI) requirement. In this episode, Mat breaks down what this appeal means for small business owners, the potential implications for compliance, and what steps you should consider taking in the meantime. If you’re a small business owner wondering whether you need to file a BOI or how this ruling impacts your LLC or corporation, this is a must-watch (or listen). Stay informed and ahead of the curve as this legal battle unfolds. FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast Mark J. Kohler and Mat Sorensen host another open forum and break down key retirement planning strategies, including the mega backdoor Roth IRA, and discuss the benefits and pitfalls of partnership structures. They also explore the potential implications of the Corporate Transparency Act following its recent unconstitutional ruling, with actionable tips for trust management and entity cleanup. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen break down the complexities of Roth IRAs versus IULs. They discuss how Roths provide tax-free growth and accessibility, while IULs offer insurance benefits but demand careful financial management. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen reveal the hidden tax traps influencers often overlook. From claiming the fair market value of gifted products to understanding which deductions won’t raise red flags, they provide practical, actionable insights to keep your business compliant and thriving. Here are some of the highlights: Mark Kohler discusses the IRS's perspective on expenses and how companies that send free products to influencers can claim them as business expenses. Mat underlines the importance of influencers claiming the fair market value of products they receive, even if they are not sent a 1099 form. Mark and Mat explain how gifts can be a write-off for businesses but emphasize that influencers must claim the fair market value of products they promote. The IRS has a task force specifically targeting influencers and has been given additional funding to audit them more effectively. Explanation of the importance of understanding the value of promotional posts and ensuring that influencers are compensated appropriately. How influencers should focus on optimizing their tax situation to keep as much money as possible. Debunk the myth that luxury items like Rolex watches or Lamborghinis can be written off as business expenses simply because they appear in videos. Encouragement for influencers to embrace their role as business owners and take advantage of available tax strategies.FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler shares valuable insights on year-end tax strategies that can help business owners save money and optimize their financial planning. With over 20 years of experience as a CPA and attorney, Mark breaks down five key strategies that every business owner should consider before the year ends. From retroactive S elections to maximizing health savings accounts, this episode is packed with practical advice for navigating the complexities of tax season. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen host an open forum, addressing your top tax and legal questions. They dive into why having an LLC is crucial for protecting your assets, how Medicaid clawbacks can impact your estate, and the benefits of elder law planning. Whether you're looking to safeguard your wealth or prepare for the future, this episode has essential insights. Here are some of the highlights: FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!

In this episode of the Main Street Business Podcast, Mark J. Kohler welcomes Carter Cofield to discuss must-know year-end tax strategies that can save you money and set you up for success. They dive into the "December loophole" for vehicle depreciation, maximizing health savings accounts (HSAs), and using Roth conversions to lower your future tax burden. Whether you're a seasoned business owner or just starting out, these actionable tips are essential for closing out the year on a strong financial footing. Here are some of the highlights: Need more Carter Cofield in your life? Check him out on the Melanin Money Show FREE Ultimate Tax Strategy Guide HERE! FREE 15-minute demo Main Street Tax Pro Certification. Tax and Legal 360KKOSclick away! https://www.youtube.com/markjkohler Instagram!