Main Street Business

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen show how a tax extension can reduce stress, cut audit risk, and buy you time for smart tax moves. Get the facts on key deadlines, solo 401(k)s, and what to do now if you’re behind. Here are some of the highlights: Don't know how much you should pay when filing a tax extension? Find the answer here - https://markjkohler.com/how-much-should-i-send-in-with-my-extension/ 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 dive into listener questions about tax and business planning. From maximizing deductions on rental properties to creative financing strategies for commercial real estate and smart ways to restructure an LLC, they address the biggest tax and business concerns entrepreneurs and investors face. 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 give you the blueprint for bulletproof asset protection. From LLCs to trusts to holding companies, find out the smart, cost-effective strategies that work without the extra fluff. 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!

BOI Reporting Fines Canceled for U.S. Citizens & Businesses! Big news for U.S. business owners! The Treasury Department has announced that U.S. citizens and domestic businesses will not face fines or penalties for failing to file Beneficial Ownership Information (BOI) reports after new deadlines are set. Last week, FinCEN confirmed that updated BOI reporting deadlines will be announced no later than March 21. However, Treasury has now clarified that they will not enforce penalties or fines associated with the BOI! This decision comes as part of the Corporate Transparency Act (CTA) and is being positioned as a win for reducing regulatory burdens on small businesses. Treasury Secretary Scott Bessent stated that this move aligns with President Trump's goal of fostering economic growth by cutting unnecessary red tape. What does this mean for you? No fines or penalties for U.S. businesses and beneficial owners. A significant shift in compliance obligations under the CTA. Stay tuned for more updates as the final rule changes are announced! Need Help Setting Up An LLC? Please check out my law firm here: https://kkoslawyers.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 break down tax-saving strategies for RV owners in 2025! Whether you're a weekend warrior or a full-time traveler, learn how to turn your RV into a business asset, claim deductions, and keep more money in your pocket. 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 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!