Main Street Business

To get a comprehensive tax and legal plan get to my law firm KKOS Lawyers: https://kkoslawyers.comIn this special episode, Mat Sorensen breaks down President Trump’s newly signed tax legislation, known as the “Big Beautiful Bill," and what it means for your personal and business taxes. With sweeping changes taking effect in 2025, Mat outlines the most impactful provisions for individuals, small business owners, and real estate investors. 0:00 - Introduction to The Big Beautiful Bill5:14 - Individual Tax Breaks Explained9:19 - State and Local Tax Deductions15:34 - Senior, Tips, and Overtime Benefits18:42 - Small Business Owner Benefits19:39 - Next Steps and Bill Timeline 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 discovery call to explore the Main Street Tax Pro Certification. 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! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

In this insightful episode, Mat Sorensen sits down with Chris Loeffler, CEO of Caliber, to dissect the current state of the real estate market and why commercial real estate is presenting one of the best buying opportunities in over a decade. With over $2.9 billion in assets under management and development, Chris breaks down the macroeconomic and local market conditions creating value in distressed assets—especially in hotels, industrial, and multifamily sectors.They explore how real estate investors can reposition capital, the shift from the traditional 60/40 portfolio, and how individual investors—accredited or not—can participate in today’s unique opportunities through direct deals or diversified funds. This is a must-listen for anyone managing a real estate portfolio, considering Opportunity Zones, or exploring how to use self-directed IRAs to tap into alternative investments. See the market chart Chris refers to at 03:22 — Download the Guide Here00:00:00 – Welcome to Main Street Business Podcast Intro to the episode with host Mat Sorensen and guest Chris Loeffler.00:05:46 – Why Commercial Real Estate Is At 2008 Pricing Market correction parallels to 2008 and why it's creating a rare buying window.00:11:44 – Commercial vs Residential: Sell Homes, Buy Commercial Strategic shift: Why residential might be peaking while commercial offers upside.00:19:15 – Office Buildings to Multifamily: Deep Discount Conversions Case study on converting distressed office properties into profitable multifamily.00:27:42 – Hotel Industry: Supply Shortage, High Demand Post-COVID hotel trends and why Caliber is building ground-up in key markets.00:34:08 – Investment Options: Direct Deals vs Fund Structures How investors can participate—accredited and non-accredited—with flexibility.00:42:44 – Distressed Asset Opportunities and Strategy Accessing off-market deals and why experienced operators have the edge.00:49:03 – Opportunity Zones Becoming Permanent Tax Code What’s in the new tax bill and how OZs can be a powerful capital gains strategy.00:52:43 – Final Advice: Value and Cash Flow Focus Chris’s core investment principle: buy below replacement cost and cash flow strong. 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 discovery call to explore the Main Street Tax Pro Certification. 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! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Discover how to transform your retirement accounts with self-directed IRAs, enabling investment in diverse assets like real estate and crypto. Learn about the incredible tax benefits of Roth IRAs and strategies to maximize tax-free wealth. Gain insights into setting up IRA LLCs for checkbook control, allowing for greater flexibility in your investment choices. Explore the rules and advantages that can open up new opportunities for wealth accumulation, empowering you to take charge of your financial future.

Gene Simmons, the iconic bassist of KISS and a savvy entrepreneur, shares his journey from humble beginnings to building a billion-dollar brand. He reveals the importance of time management and why patience beats get-rich-quick schemes. Gene discusses KISS's unique trademarking, the potential of AI in reshaping industries, and how resilience learned from his Holocaust survivor mother has shaped his views on success. He also candidly reflects on the balance between passion and opportunity in life, offering insights into branding and personal fulfillment.

A deep dive into the newly released Senate tax bill reveals significant differences from the House proposal. Key topics include expiring tax provisions and the debate over the SALT deduction. Also discussed are changes to the standard deduction, child tax credit, and tax implications for tips and overtime. The conversation emphasizes small business benefits from new tax breaks and the urgency of legislative action before 2026. Tune in to understand which changes could impact your wallet the most!

Discover the full lifecycle of business, from startup to exit. Learn why prioritizing people is crucial as you scale your operations. Explore the importance of understanding key performance indicators to effectively duplicate leadership. Delve into tax strategies that can impact your growth and financial security. The hosts share insights on the emotional aspects of selling a business, emphasizing legacy and strategic planning. Get ready for valuable tips that can help navigate the challenges of business development!

In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen take on your toughest tax and business questions in an open forum style. From setting up the right business structure to handling a home office deduction the smart way, they give you the tips you wish your accountant and attorney actually explained. It’s smart, fast-paced advice that real Main Street entrepreneurs can put into action.Here are some of the highlights:Mark and Mat discuss the benefits and drawbacks of not getting married and having a revocable living trust.Mat shares his experience of owning real estate with a partner without a revocable living trust, emphasizing the importance of a buy-sell agreement.Mark discusses the benefits of having an estate plan and provisions to take care of each other in case of death.The options of treating the rental income as a gift or claiming it as rental income and expenses.How an LLC allows for de minimis expense accounting, which can be beneficial for startups.Emphasize having a home office deduction to qualify for other business-related deductions.Importance of planning for the distribution of assets in a trust to minimize tax implications and ensure the beneficiaries' needs are met.The limitations of umbrella insurance and focusing on proper insurance and asset protection through LLCs.Advise being transparent with the spouse and choosing the right type of lawyer to minimize conflict and costs. 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 discovery call to explore the Main Street Tax Pro Certification. 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! Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler Craving more content? Check out my Instagram!

Learn why every adult needs a will and revocable living trust to safeguard their wishes and assets. Discover the staggering fact that 50% of Americans lack a will. Trusts offer greater control over asset distribution and privacy benefits compared to wills. Hear about the flexibility of trusts, allowing changes as life evolves, and the importance of choosing the right trustee—especially in blended families. Explore how living trusts can sidestep probate court, easing burdens during tough times. This podcast is a must-listen for securing your family's future!

Dive into the world of LLCs where entrepreneurs learn about the six structures crucial for business success. Discover the perks of single-member LLCs, especially for rental properties. Understand how multiple LLCs can enhance asset protection and tax savings. Explore unique options like Series LLCs and COPE strategies for significant equity holders. Unpack the benefits of structuring for real estate and how to navigate the complexities of compliance for licensed professions. This journey promises practical insights to maximize your financial growth!

Discover how anyone can create a family office, making wealth-building accessible to all. Transform family gatherings into tax-deductible business meetings for better financial health. Learn the importance of formalizing your LLC or corporation with board meetings and documented minutes. Explore the differences between boards of directors and advisors. The trifecta concept combines a living trust, tax return, and diverse assets. Get inspired to regularly update your financial strategies and collaborate with advisors.