Main Street Business

By Mark J Kohler and Mat Sorensen

The Main Street Business Podcast, hosted by attorneys Mat Sorensen and Mark J. Kohler, is the go-to resource for entrepreneurs, investors, and business owners who want to build, protect, a

... more

4.8

581581 ratings

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 841 episodes available.

Main Street Business episodes:

January 30, 2024#474 Received a 1099…What next?
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.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
33min
January 24, 2024#473 The Truth About W-2 Tax Strategies
In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen delve into various tax strategies for W-2 earners and discuss how to effectively minimize your tax liabilities. They explore the benefits of different deductions, tax credits, and alternative investment strategies, emphasizing the importance of smart tax planning.
Here's what you can look forward to:
A detailed exploration of 'above the line' and 'below the line' deductions, how they affect your adjusted gross income, and their impact on your overall tax savings.
Debunking common misconceptions about tax refunds and explaining why getting a refund may not be an indicator of good tax planning.
Insights into the advantages of Health Savings Accounts (HSAs) and retirement accounts as tax-saving tools, regardless of an individual's income level.
Discussion of the limitations of traditional tax-saving methods for high-income earners and introduce the concept of alternative strategies, such as side businesses and real estate investments.
The hosts emphasize the significance of building wealth through asset ownership, providing examples of successful wealth builders like Warren Buffett and Jeff Bezos.
This episode is a must-listen for anyone seeking expert advice on managing their taxes efficiently, understanding complex tax strategies, and maximizing tax savings.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
33min
January 16, 2024#472 LLC, S-corp, or C-corp: Which is best for me?
In this episode of the Main Street Business Podcast, hosts Mark J Kohler and Mat Sorensen unpack the complexities of business structures and their tax implications. They delve into a variety of topics, including the advantages of transitioning a side hustle to an S Corp, the intricacies of tax management for partnerships and LLCs, and the strategic use of different entities for business owners and real estate investors.
Here is what you can look forward to:
In-depth explanation of various legal and tax strategies such as the asset protection benefits of LLCs, the tax savings provided by S-Corporations, and the correct timing and situation for employing these entities.
The hosts debunk commonly held misconceptions about managing taxes for small businesses and provide tried and tested strategies for maximizing tax savings.
A discussion on the vital role of a board of advisors in a business, with insights into how strategic planning can contribute to tax savings and overall business growth.
Mark and Mat explore the tax implications of infusing more capital into your business and aptly handling 'phantom income'.
Both hosts emphasize the importance of seeking professional advice before making significant tax and legal decisions, highlighting the intricate nature of these matters and the potential for costly errors.
Don't miss this episode if you're looking for expert advice on effectively managing your small business taxes, understanding complex tax strategies, and maximizing your tax savings.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
42min
December 26, 2023#471 Open Forum - Tax Strategies That Save You THOUSANDS
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!
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
38min
December 20, 2023#470 Maximizing Auto Tax Deductions
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!
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
34min
December 12, 2023#469 Mega Roth Strategies Before Year End
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!
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
44min
November 30, 2023#468 25 Tax Strategies The Wealthy Know (and you don't)
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!
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
56min
November 27, 2023#467 Mastering Your Mindset with Life Coach Jody Moore
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/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
31min
November 22, 2023# 466 The #1 Oversold Legal Strategy in America
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.com

In 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.
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
32min
November 19, 2023#465 The Easiest Method To Make Millions In Real Estate with Gino Barbaro
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/
Ready to Take the Next Step?
Work With Mat & Mark’s Law Firm
Get strategic legal guidance for your business, taxes, asset protection, and estate planning with KKOS Lawyers.
[Book a Call with KKOS Lawyers]
Take Control of Your Retirement
Want to invest your IRA or 401(k) in assets you actually understand? Check out our self-directed trust company Directed IRA.
[Learn More About Directed IRA]
Free Resources
Mat Sorensen’s Optimal Order of Investing Guide
Learn how to prioritize where your money should go and build a smarter investing strategy.
[Download the Free Guide]
Mark J. Kohler’s 30-Point Tax Guide
Discover practical tax strategies and planning opportunities every business owner and investor should know.
[Download the Free Guide]
Get More From Mat & Mark
Watch on YouTube
Tax strategies, business planning, investing, asset protection, and more.
[Visit the YouTube Channel...
...more
31min

FAQs about Main Street Business:

How many episodes does Main Street Business have?

The podcast currently has 841 episodes available.

More shows like Main Street Business

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,702 Listeners

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

703 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,248 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,871 Listeners

Rental Income Podcast With Dan Lane by Rental Income Podcast

Rental Income Podcast With Dan Lane

834 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

422 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,056 Listeners

Real Estate Investing with Coach Carson by Chad Coach Carson

Real Estate Investing with Coach Carson

619 Listeners

Ken McElroy Show by Ken McElroy

Ken McElroy Show

715 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,026 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,816 Listeners

Directed IRA Podcast by Mat Sorensen and Mark Kohler

Directed IRA Podcast

164 Listeners

On The Market by BiggerPockets

On The Market

889 Listeners

The BetterLife Podcast by Brandon Turner and Cam Cathcart

The BetterLife Podcast

828 Listeners

The David Greene Show by David Greene

The David Greene Show

698 Listeners