Main Street Business

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!

In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen break down the incredible tax advantages of Health Savings Accounts (HSAs). Learn how to save big with tax-deductible contributions, tax-free growth, and withdrawals for medical expenses, plus tips on FSAs, HRAs, and the IRA-to-HSA rollover strategy. 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, hosts Mark J. Kohler and Mat Sorensen share the ultimate toolkit for buying and running a small business. Whether it's managing payroll, setting up the right entity, or preparing for the unexpected, they’ve got you covered. Tune in for tips on creating a thriving company culture, building strong employee relationships, and ensuring operational excellence in the critical first 100 days 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, hosts Mark J. Kohler and Mat Sorensen bring you the latest on federal regulations that could land business owners in hot water. With the Corporate Transparency Act now in effect, they’re here to guide you through what the Business Owner Information (BOI) report is, why it matters, and how to tackle it without stress. 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, host Mark J. Kohler breaks down key tax-saving strategies every business owner should know, including why a side hustle is often crucial for effective tax planning. He also highlights the dangers of misleading crypto tax advice and urges listeners to stay vigilant. Mark’s practical approach will leave listeners feeling empowered and informed to make smarter tax choices in a complex financial landscape. 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, host Mark J. Kohler and Mat Sorensen break down essential strategies for high-income earners looking to maximize their retirement contributions. Learn how to utilize "backdoor Roth" and "mega backdoor Roth" methods to surpass traditional contribution limits, gain insights into employer matches and after-tax contributions, and explore the powerful role of Health Savings Accounts (HSAs) as part of your retirement plan. Here are some of the highlights: isconception that retirement accounts aren't beneficial for high-income earners due to contribution limits.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, host Mark J. Kohler unpacks the intersection of traditional tax strategies and the world of cryptocurrency. Learn how the "Trifecta Concept" can streamline your estate planning and operational income, while also addressing the unique tax challenges of crypto mining, NFTs, and gaming revenue. 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 Farah Saleh to dive deep into IRS debt resolution strategies. Learn why non-filing is far more dangerous than non-payment, and discover key strategies to resolve debt, from installment plans to creative solutions like leveraging personal assets. Whether you're facing liens, levies, or just seeking relief, this episode provides actionable steps to stay compliant and get back on track. 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, host Mark J. Kohler shares actionable strategies to help tax professionals expand their services into advisory. From developing dynamic pricing models to pinpointing your ideal clients, this episode is full of insights to help you enhance your advisory offerings and attract more clients with confidence. Here's what you can look forward to: 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, host Mark J. Kohler breaks down the roadmap to turn your side hustle into a powerful income stream. Learn how to form an LLC, develop a solid marketing strategy, and implement seven key principles that will set your business up for sustainable 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, host Mark J. Kohler explores tax-smart strategies for hiring family members. Learn about hiring children under age 18 without complex tax forms, managing finances through a Family Management Company, and leveraging tax deductions for adult children’s education and healthcare. Mark also provides insights on creating bank accounts for family members and making strategic real estate investments. 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, hosts Mark J. Kohler and Mat Sorensen analyze the potential tax changes as the Tax Cuts and Jobs Act nears expiration. They discuss Kamala Harris's proposal to increase capital gains taxes and enhance child tax credits versus Donald Trump's plan to maintain lower rates and extend business deductions. They also cover strategies for family tax planning and corporate tax management, offering tips for adapting financial strategies to these upcoming changes. 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!

Hit your settings and auto download our podcast! *Part 3 of 3: In this final special episode of the Main Street Business podcast, host Mark J Kohler dives into various financial scenarios and provides valuable advice for small business owners and individuals. Here are some of the significant topics discussed: All Business. No Boundaries. Welcome to All Business. No Boundaries, a collection of supply chain stories by DHL... Listen on: Apple Podcasts Spotify TAX AND LEGAL 360 Secure your tickets to my most significant tax & legal event of the year! The Ultimate Tax and Legal Conference Phoenix, AZ - Nov 30 thru Dec 2 CPAs, Attorneys, Business Owners, AND Entrepreneurs! You don't want to miss this event! CLICK HERE TO GET YOUR TICKETS! FREE 15-minute demo.Tax and Legal 360new certificationLearn MoreKKOSclick away!FREE Ultimate Tax Strategy Guide HERE! https://www.youtube.com/markjkohler Instagram!