Main Street Business

In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen talk about the ins and outs of auto tax deductions for small business owners. They discuss the various write-offs, including mileage and actual expenses, tax incentives for electric vehicles, and the importance of year-end planning.Here's what you can expect:An in-depth discussion on how to get the most out of auto tax deductions for your small business, including the differences and benefits of the mileage and actual expenses methods.A detailed exploration of tax incentives available for electric vehicles, including how this varies depending on the make and model, and whether the vehicle is used for personal or commercial purposes.They discuss the importance of year-end planning and the potential benefits of purchasing a vehicle before the year ends.A detailed discussion on the benefits of using vehicles like RVs for business use, and how you can potentially write-off expenses associated with these.Insights into the implications of the Tax Cuts and Jobs Act and recent changes in the Biden administration on auto deductions.Expert advice for small business owners on the best strategies for maximizing auto deductions and year-end planning to optimize their tax savings.Listen to this episode to gain valuable insights and strategies on maximizing your auto deductions, understanding the benefits of electric vehicles, and planning effectively for year-end to optimize your tax savings! Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen dive into the best tax-free vehicle to grow wealth - the Roth account. They discuss the significant benefits of Roth accounts, the power of time value of money, and the importance of planning and executing strategies before the year ends.Here's what you can expect:An explanation of how to use the best tax-free vehicle to grow and earn wealth, and the benefits of the Roth account.A walkthrough of the strategies to build the Roth account most effectively, including the backdoor Roth IRA and the mega backdoor Roth 401K.The hosts discuss the year-end issues and the importance of planning and executing strategies before then.A detailed discussion on three main groups of people; the entrepreneur with no employees, the corporate employee with no ownership, and the entrepreneur with employees. Insights into the more technical aspects of the Roth account and strategies, such as the after-tax employee contribution and the conversion to Roth.Expert advice for entrepreneurs with employees on exploring safe harbor plans for the most benefits.Listen to this episode to gain valuable insights and strategies on maximizing your Roth accounts and planning for year-end to optimize your wealth growth! Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen give their 25-year-end tips for saving BIG on taxes. Mark and Mat reveal the complex realm of legal entities, discuss the imminent changes brought about by the Corporate Transparency Act, and much more!Here's what you can expect:The common missteps when setting up a multitude of legal entities such as LLCs, trusts, and corporations. The new mandate requires business owners to register every LLC with FinCEN to avoid hefty penalties of $500 daily fine and potential imprisonment. How to choose between an LLC or an S Corp, and how these entities can be used for asset protection and maintaining privacy. An insightful discussion about the usage of C Corporations, cautioning small business owners about the potential tax implications. The importance of business owners getting an annual review with a proficient tax lawyer.The need to properly dissolve unused entities in light of the new Corporate Transparency Act, to steer clear of hefty penalties and potential legal complications. Listen to this episode to stay updated and navigate your business through these legal changes with ease! Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of the Main Street Business Podcast, Mark J Kohler welcomes Jody Moore, a successful life coach, author, and podcast host. This insightful conversation focuses on the intersection of mindset, emotions, and business success.Here's what you can look forward to in this episode:Jody shares her journey from a corporate background to becoming a highly sought-after life coach, impacting the lives of numerous business owners.She provides valuable insights into the mindset shift needed to navigate challenges and achieve goals in business.Mark and Jody discuss the role that emotions play in the world of business, including their effects on communication and sales.Jody introduces the concept of mind management, explaining how managing our thoughts can significantly influence our emotions and actions.Jody emphasizes the importance of coaching in identifying blind spots and moving towards a more empowering mindset.The discussion also covers the power of asking the right questions, focusing on the right thoughts, and understanding that in every result we have, we've created.Learn More From Jody Moore: https://jodymoore.com/ Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Business owners are constantly oversold legal strategies they don't need, even if it's working for others. Always take the time to understand your needs!Legal strategies should be tailored to your specific situation. Otherwise, you end up paying more in fees, maintenance costs, and unnecessary complexity. Don’t be persuaded by fear or the fact that everyone else is doing it.For an affordable and simple consultation to build your strategy please book a call with one of our tax lawyers serving business owners nationwide at kkoslawyers.comIn this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen explore the tricky world of legal entities and the upcoming changes due to the Corporate Transparency Act. Here's what they cover:The common pitfalls of creating too many legal entities such as LLCs, trusts, and corporations.The new requirement to register every LLC with FinCEN, with penalties including a $500 per day fine and potential jail time.The importance of understanding when to set up an LLC or an S Corp, and how these entities can be used strategically for asset protection and privacy.A discussion on the use of C Corporations, cautioning small business owners about the potential complexities and tax implications.The need for business owners to consider an annual review with a competent tax lawyer and the importance of a tailored approach to small businesses.The importance of properly closing unused entities in light of the new Corporate Transparency Act to avoid hefty penalties and potential legal complications. Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of the Main Street Business Podcast, Mark J Kohler welcomes Gino Barbaro, a successful multifamily real estate investor and co-founder of Jake & Gino. In this conversation, the duo dives into multifamily real estate investments, with a particular focus on apartment complexes.Here's what you can look forward to in this episode:Gino shares his unique journey from running a pizza restaurant to becoming a self-made millionaire through multifamily real estate investments. He provides valuable insights into the mindset shift required for seeing real estate not just as an investment, but as a scalable business.Mark and Gino discuss the current landscape of the multifamily real estate market, including the impacts of interest rates, the importance of geographic location, and the shift in housing demand.Gino introduces the three-step framework of buying, financing, and managing, explaining how each pillar contributes to the overall success of a multifamily investment.Gino emphasizes the importance of community and education in real estate investments, sharing how the Jake & Gino platform provides a supportive network and comprehensive resources for investors.The significance of due diligence, understanding the risks involved, and partnering with experienced individuals in multifamily real estate investments is also discussed. Learn more from Gino Barbaro at Jake & Gino: https://jakeandgino.com/ Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Get Your Company Compliant with Main Street Business Services Dissolve Your Entity with KKOS Lawyers: https://kkoslawyers.com/In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen delve into the complexities of the Corporate Transparency Act. Here are some of the main points they discussed:The ramifications of the Corporate Transparency Act for small business owners, including the need to report to the Financial Crimes Enforcement Network (FinCEN) if they own 25% or more of an LLC or are a manager or officer in an entity.The severe penalties for non-compliance, such as a $500 per day fine and potential jail time.Advice on how to ensure compliance, including the need to update FinCEN of any changes in entity ownership or management within 30 days.Insights into the exceptions to the Act, such as an exemption for large companies with 20 or more full-time employees or generating $5 million in revenue.Guidance on the importance of properly dissolving unused entities to avoid complications and penalties. Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Hit your settings and auto-download our podcast!In this episode of the Main Street Business Podcast, Mark J Kohler welcomes Kathy Fettke, a prominent real estate investor and co-CEO of the Real Wealth Network. This exciting discussion delves into the dynamic world of real estate investments, particularly in the residential housing market. Here's what you can expect to hear about:Kathy provides a unique perspective on making money in real estate, with a focus on identifying problems and creating win-win solutions.The duo discusses the current state of the residential housing market, including the impacts of rising interest rates and the shift in housing demand.Kathy shares insightful information about her real estate funds, explaining how they provide a hands-off investment opportunity for busy professionals.The conversation also explores the potential risks involved in real estate investments, emphasizing the importance of understanding the market, reading investment documents carefully, and working with experienced partners.Kathy also emphasizes the importance of personal health and well-being in the context of wealth building, and shares her plans for future women's retreats aimed at empowering women in the real estate industry.The importance of due diligence, understanding the risks involved, and partnering with experienced individuals in real estate investments is also discussed.For more opportunities to learn from Kathy Fettke, follow the link below to her website and stay connected: https://realwealth.com/ Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of the Main Street Business podcast, hosts Mark J Kohler and Mat Sorensen debunk five viral tax strategies that are often oversold and misunderstood. Here are some of the main points they discussed:The top five deceptive tax strategies: The QSBS 1202 strategy, setting up an entity in another state to avoid state tax, cost segregations, setting up a C corporation for a small business, and the overselling of life insurance.Insight into why these strategies often don't work for the majority of people, despite being pitched as universal solutions.Advice on seeking a second opinion from a non-salesperson before implementing any tax strategy.Thoughts on the importance of considering the credentials of those offering tax advice and ensuring they are licensed professionals.Practical guidance on what to do if you've already implemented one of these five strategies and find it isn't serving you well.This is a must-listen episode for anyone who is navigating their tax strategies and wants to ensure they are making informed decisions! Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this episode of the Main Street Business Podcast, Mark welcomes Daniel Rusteen, a former Airbnb employee and author of 'Profitable Properties', to talk about the intricate world of short-term rental investments. Here's what you can expect to hear about:Daniel compares Airbnb with other forms of real estate investment and explains how hosts can optimize their listings for maximum profit.The importance of listing optimization, including pricing strategy, photo quality, and listing descriptions.The key factors influencing the success of an Airbnb listing - the quality of the property, how it's marketed online, and the host's attention to customer service.Highlighting the potential returns, cash flow, and tax savings of an Airbnb. Daniel also shares his unique pricing strategy to maximize profits.Daniel shares his vast experience in the short-term rental industry and provides a practical perspective on Airbnb investments.The importance of due diligence and understanding the risks involved in short-term rental investments is also discussed.Check out Optimize My Airbnb and use code MAINSTREET to unlock 50% OFF the Profitable Properties Program: https://optimizemyairbnb.com/optimized-business-airbnb-hosting-course-profitable-properties-short-term-rental-program/Profitable Properties: Airbnb Insider Secrets to Find, Optimize, Price, & Book Direct any Short-Term Rental is out now on Amazon: https://www.amazon.com/Profitable-Properties-Short-Term-Investment-Year-Round-ebook/dp/B0BZBS4C4F Grab my FREE Ultimate Tax Strategy Guide HERE! You don't want to miss this! Secure your tickets for the most significant business, tax & legal event of the year: Main Street 360 Looking to connect with a rock star law firm? KKOS is only a click away! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute discovery call to explore the Main Street Tax Pro Certification. Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!