Main Street Business

In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen unpack the defamation case between Grant Cardone and John Legere. They delve into the implications of this case, exploring how it affects the way we communicate online and protect our reputation.Here's what you can anticipate:A breakdown of the case, highlighting the key statements made by John Legere that Grant Cardone claims are defamatory.Unpacking what defamation is, emphasizing the importance of accurate statements when speaking negatively about someone, especially online.An insight into the legal process of discovery, illustrating how evidence is gathered and presented in court.Discussion on the elements of fraud and how difficult it is to prove these elements in a legal setting.Tips on how to defend yourself in a defamation case, including the potential financial costs as well as the implications of going through the discovery process.The episode ends with a deep dive into the importance of standing up for yourself and defending your reputation, using the actions of Grant Cardone as an example.This episode is a must-listen for anyone interested in understanding the complexities of defamation law, the potential legal implications of online communication, and the importance of protecting your reputation in the digital age. 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 episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen delve into 3 potential legal liabilities for individuals and small business owners. They offer valuable insights into the process of reducing liability through effective planning and documentation.Here's what you can anticipate:A discussion on the three most common ways you might get sued in America: incidents at your home, personal injury claims, and contract disputes.An examination of real-life celebrity lawsuits involving Demi Moore, Gwyneth Paltrow, and Flo Rida, illustrating the potential legal pitfalls in different scenarios.Tips on how to reduce your liability, such as maintaining a secure perimeter around your property, having a waiver in place, and ensuring proper supervision during events or gatherings.Advice on how to document and gather evidence in the event of an accident or dispute, including taking pictures, videos, identifying witnesses, and keeping receipts of any related expenses.A comprehensive overview of having written agreements in place, particularly in business or investment arrangements, to prevent potential legal issues.The episode ends with a discussion on how to navigate a breach of contract scenario, emphasizing the importance of having contracts in writing and understanding the terms thoroughly.This episode is a must-listen for anyone operating a small business or engaging in any form of agreement, seeking expert advice on avoiding lawsuits, and looking to maximize their protection against potential legal issues. 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 episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen provide an in-depth discussion on the importance of effective tax planning for individuals with a side hustle or small business. They offer valuable insights into the process of reducing tax liabilities by taking legitimate expenses offered by the IRS.Here's what you can look forward to:How to effectively reduce the income from a 1099 by deducting legitimate expenses.Debunking misconceptions about 'under the table' income, stressing that all income, regardless of how it's received, should be reported to prevent legal issues.Explanation of how to report income from a 1099 using Schedule C, and the importance of understanding your entity structuring.Detailed discussion on various write-offs like home office, auto, dining, travel, equipment, and supplies, and how to track and gather data for these expenses.Insights into other non-cash expenses that could be deducted, like hiring your kids in your business, and how this strategy can help reduce your taxable income.Overview of the next steps after reducing taxable income, which includes building tax-free or tax-deferred wealth through retirement accounts.This episode is a must-listen for anyone operating a side hustle or small business, seeking expert advice on tax planning, and looking to maximize their deductions and overall tax savings. 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!

The podcast discusses tax strategies for W-2 earners, including 'above the line' and 'below the line' deductions, the advantages of Health Savings Accounts (HSAs) and retirement accounts, the limitations of traditional tax-saving methods for high-income earners, and the significance of building wealth through asset ownership. The hosts also provide examples of successful wealth builders and emphasize the importance of tax planning and maximizing tax savings.

Hosts Mark J Kohler and Mat Sorensen unpack the complexities of business structures, discussing the advantages of transitioning to an S Corp, tax management for partnerships and LLCs, the role of a board of advisors, tax implications of infusing capital, and the importance of seeking professional advice.

In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen address a variety of questions from their listeners. The topics range from the tax implications of self-rental and equity grants for startups, to the benefits of converting a side hustle to an S Corp, and the complexities of managing taxes for partnerships and LLCs.Here's what you can anticipate:Detailed explanations on various tax and legal strategies like self-rental of an office condo to an S Corp, equity grants for startups, and the tax treatment of mortgage interest.The hosts debunk common misconceptions about managing taxes for small businesses and provide strategies for maximizing tax savings.A discussion on the importance and role of a board of advisors in a business, including insights into how they can contribute to tax savings and overall business growth.The hosts also discuss the tax implications of infusing more capital into your business and how to handle 'phantom income'.The hosts emphasize the importance of getting professional advice before making tax and legal decisions, highlighting the complexity of these issues and the potential for costly mistakes.Tune in to this episode for expert insights on managing your small business taxes effectively, understanding complex tax strategies, and optimizing your tax savings! 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 how to maximize auto tax deductions for small business owners, including mileage vs. actual expenses. Discover the benefits of electric vehicles and tax incentives available. Explore using trucks and RVs for side hustles and the tax write-offs associated. Understand the implications of the Tax Cuts and Jobs Act and recent changes. Get expert advice on year-end planning and strategies for optimizing tax savings.

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! 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!

Hosts Mark J Kohler and Mat Sorensen share 25-year-end tax tips, including the missteps when setting up legal entities, the new Corporate Transparency Act, and the usage of C Corporations. They also discuss the importance of annual tax reviews, properly dissolving unused entities, and the strategy of paying kids under 18 for tax deductions. Additionally, they compare 529 plans and Roth IRAs for college savings, emphasize the importance of tax planning, and highlight the benefits of estate planning during the holiday season.

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! 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!