In this episode of the Main Street Business Podcast, host Mark J Kohler shares an insider's perspective on becoming a successful Tax Advisor. Mark maps out the process, reveals the untold benefits and dispels the common myths of advisory services, and encourages you to take the next step.Here are some of the highlights:Mark urges you to set goals, establish their motivation, and self-evaluate before making the leap into advisory.Mark maps out the technical training steps: becoming a certified tax advisor, enrolled agent, and training on tax return preparation.Emphasizes the need for street-smart tax strategies to provide valuable advice to clients.Importance of hiring an executive assistant to handle administrative tasks and support client management.Encouragement to follow ALL the necessary steps for building a successful advisory practice.Overview of the resources, benefits, and training opportunities within the Main Street Tax Pro Network.Details on conferences and workshops offered to enhance skills and collaboration in the tax advisory field.This episode is a must listen for anyone looking to build a successful tax advisory practice! Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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, host Mark J Kohler delves into the eight common blunders that new investors make when acquiring their first rental property. Learn valuable tips on how to sidestep these errors and set yourself up for a prosperous rental experience.Here's what you can look forward to:Mark highlights the significance of tracking expenses from the start to classify them as startup costs. Emphasizes the need for a proper LLC for asset protection when owning a rental property.How to set up a separate bank account for the LLC to avoid commingling of funds.The benefits of using a warranty deed and seeking professional assistance for the process.The need for landlord insurance to protect against unforeseen events and liabilities.The importance of knowing and understanding lease agreements as a property owner. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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, host Mark J Kohler interviews Jeffrey Hayzlett, a renowned business advisor, keynote speaker, and global business celebrity. Today, Jeffrey shares his most important business learnings after 26 years and over 200 businesses being bought and sold.Here's what you can look forward to in this episode:Jeffrey discusses how his journey in business leadership led him to becoming a celebrity judge on NBC's 'Celebrity Apprentice'Mark and Jeffery talk about the importance of content creation and media presence in modern business. Jeffrey introduces the "Hero Factor", explaining how values-based operations can drive business growth and foster a positive business culture.Jeffrey emphasizes the critical role of data in business decisions and highlights the importance of constantly evaluating business operations and performance.They discuss the growing trend of marketing to segments of one, the importance of authenticity in business, and learning from both business successes and failures.Tune in for these insights and more, as Jeffrey Hayzlett shares his wisdom on navigating today's dynamic business landscape.Learn more about Jeffery Hayzlett here: https://hayzlett.com/ Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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 shifts the idea of buying a car strictly for the write-off into reverse and emphasizes the importance of having a vehicle that aligns with your business needs.Here are some of the key points that Mark unpacks:A breakdown of the pros and cons of business owners buying a vehicle. An in-depth discussion on when it is suitable to buy a vehicle for business purposes to leverage tax benefits.The significance of ensuring the business can support the deduction for the vehicle.Example scenarios illustrating the risks of buying a vehicle based solely on the intention of writing it off.The need for proper legal structuring and insurance when owning a business vehicle.How the mileage method can be a suitable option for small business owners.Thoughts on integrating family members' vehicles into business write-offs for tax benefits. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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 explore the foundational aspects of business creation with their expert guidance. Mark and Mat highlight the key aspects of starting a business and present a well-defined strategy to initiate your entrepreneurial endeavor.Here's what you can look forward to:Emphasis on focusing on essential information for a one-page business plan.Importance of outlining crucial items before diving into business activities.A detailed breakdown of the six key components of a one-page business plan.How to craft a concise elevator pitch and define the business concept clearly.A discussion on financial planning, startup costs, and creating a financial model.Understanding capitalization and reserves for business sustainability. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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, host Mark J Kohler welcomes Main Street influencer, Max Merritt, to unpack how student athletes can manage NIL income by forming an LLC. Together, they break down the key strategies and tax advantages available for NIL athletes into four easy sections.Here's what you can look forward to:Mark and Max highlight the importance of structuring yourself as a business entity, such as an LLC, for tax planning purposes.They emphasize the need for professional advice when setting up the business entity to ensure proper tax strategies are in place.Mark and Max discuss the two types of income NIL athletes may receive.The significance of understanding state tax implications and strategizing residency for tax purposes.How to utilize an LLC as a powerful tool for tax planning and incorporating family members for additional write-offs.Reporting income to the IRS using Schedule C or E and the importance of maximizing write-offsHow to be patient yet proactive in setting up the business correctly and continuing education on entrepreneurship. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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 Rick Jordan, founder of ReachOut Technology, to discuss the ins and outs of cybersecurity and how small businesses can shield themselves from cyber threats.Here's what you can look forward to in this episode:Rick shares the background and milestones of his cybersecurity journey.He highlights the importance of staying on the cutting edge of cybersecurity for enrolled agents.Rick gives an in-depth look at automated tools and procedures used to detect and respond to cyber threatsHe provides the key strategies behind designing networks and staying ahead of cyber threats.Mark and Rick touch on the potential risks associated with sharing sensitive information.Rick gives Mark an overview of the services provided by Reach Out Technology to small business owners.Learn more from Rick Jordan: https://www.rickjordan.tv/ Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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 provide insights and tips specifically geared towards those with a side hustle. They dive into a wide range of topics, from tax planning strategies to the importance of claiming all income.Here's what you can look forward to:Detailed advice on preparing your tax return, particularly when dealing with a 1099 for the first time.The importance of claiming all income, whether it comes with a 1099 or not, to avoid potential issues with the IRS.Tips on maximizing your tax write-offs, including creative suggestions like home office, auto expenses, dining, and travel.Discussion on the role of entities like LLCs and S corporations in tax savings, and when it might be beneficial to consider them for your side hustle.Insight into forward-thinking strategies such as making contributions to solo 401(k) and Health Savings Account (HSA) to reduce your tax burden.This episode is a must-listen for anyone looking to optimize their side hustle and navigate their tax obligations effectively. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! 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 welcome renowned entrepreneur and industry leader, Joe De Sena. Together, they unpack Joe’s journey to building Spartan, a powerhouse endurance sports brand, and how business owners can overcome obstacles in order to achieve the same level of success.Here's what you can look forward to in this episode:Joe shares the origin story of the Spartan race concept and its evolution over time.Joe discusses the impact of participating in Spartan races for individuals and business teams.He underlines the importance of prioritization, commitment, and discipline in achieving goals.Joe explains how to face challenges head-on and applies lessons learned from Spartan races to business obstacles.He emphasizes using Spartan core values for business growth and development, fostering honesty, discipline, and accountability.Compares ancient business principles to modern-day entrepreneurial values and commitments. Grab my FREE Ultimate Tax Strategy Guide HERE! Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo to explore the Main Street Tax Pro Certification. You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360 Looking to connect with a rock star law firm? KKOS is only a click away! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Tax experts dive into key topics, such as balancing personal and business expenses for tax write-offs, estate planning strategies, investment tips, and the complexities of solo 401(k) ownership. They also discuss maximizing tax savings through informed financial decisions, real estate professional status, tax implications of investment losses, asset protection for farm owners, and strategic planning for agricultural businesses.