#604 Open Forum - HSA's, Picking a CPA, Venmo & More
Main Street Business
by Mark J Kohler and Mat Sorensen
6d ago
In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen answer your top tax and legal questions. From choosing the right tax advisor (without overpaying for empty credentials) to navigating HSAs, S corp taxation, and solo 401(k) limitations—this episode is packed with practical strategies to keep your business and investments in top shape. Plus, they break down how their Crypto IRA can help you leverage cryptocurrency in your retirement portfolio. Here are some of the highlights: Mark discusses the importance of choosing a good tax advisor and the potential pitfal ..read more
Visit website
#603 How to Sell Your Business and Save on Taxes
Main Street Business
by Mark J Kohler and Mat Sorensen
2w ago
In this episode of the Main Street Business Podcast, Mark J. Kohler explains how to successfully transition out of your business while maximizing value. From setting up a seamless family succession plan to making your business more appealing for a third-party sale, he shares practical steps to ensure a smooth and profitable exit. Tune in for expert strategies that will help you plan your next move with confidence! Here are some of the highlights: Mark outlines four strategies that wealthy individuals use when exiting their businesses. Emphasizes the importance of deciding who will buy the bus ..read more
Visit website
#602 The Step-By-Step "Zero-Tax" Blueprint For Business Owners
Main Street Business
by Mark J Kohler and Mat Sorensen
2w ago
In this episode of the Main Street Business Podcast, Mark J. Kohler shares the blueprint for tax-efficient business ownership. He explains why smart bookkeeping is key, how to leverage deductions, and when to transition from an LLC to an S corp for optimal tax savings. If you’re tired of overpaying the IRS, this episode is a must-listen! Here are some of the highlights: Mark explains what you take out of your business is not what you are taxed on, using a scenario where a business owner makes $60,000 but is only taxed on $50,000 due to write-offs. The evolution of a small business from a sole ..read more
Visit website
#601 How Business Owners Hold a Family Board Meeting
Main Street Business
by Mark J Kohler and Mat Sorensen
3w ago
In this episode of the Main Street Business Podcast, Mark J. Kohler uncovers the secret to saving big on taxes and strengthening your business—the family board meeting. Discover how to legally write off travel, meals, and payments to family members, while staying compliant and building financial security. Mark breaks down the process step by step, making it easy for any small business owner to implement. Here are some of the highlights: Mark explains why every small business should hold a family board meeting and how it can unlock valuable tax deductions while enhancing business legitimacy. D ..read more
Visit website
#600 Life Coaches: The Ultimate Tax and Legal Plan for 2025!
Main Street Business
by Mark J Kohler and Mat Sorensen
3w ago
In this episode of the Main Street Business Podcast, Mark J. Kohler shares expert tax and legal strategies designed for life coaches who want to build a thriving business. Discover why starting with an LLC is crucial, how to track expenses effectively, and smart ways to involve your family for tax benefits. With actionable insights and real-world advice, Mark helps life coaches take control of their finances and set the foundation for long-term success. Here are some of the highlights: Mark emphasizes the importance of mindset, stating that being a life coach is a business and should be treat ..read more
Visit website
#559 Retroactive S-Election for 2024: Why & How
Main Street Business
by Mark J Kohler and Mat Sorensen
3w ago
In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen share powerful insights on why converting your LLC to an S corporation is a game-changer for tax savings. They discuss the crucial tax advantages, the importance of structuring income properly, and walk you through the filing process. Find out how you could potentially save $7,000 or more with this strategic business move. Here are some of the highlights: Mark emphasizes how LLCs do not save taxes and explains the process of turning an LLC into an S corp. Discussion on the difference in tax rates between LLCs ..read more
Visit website
#600 Retroactive S-Election for 2024: Why & How
Main Street Business
by Mark J Kohler and Mat Sorensen
3w ago
In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen share powerful insights on why converting your LLC to an S corporation is a game-changer for tax savings. They discuss the crucial tax advantages, the importance of structuring income properly, and walk you through the filing process. Find out how you could potentially save $7,000 or more with this strategic business move. Here are some of the highlights: Mark emphasizes how LLCs do not save taxes and explains the process of turning an LLC into an S corp. Discussion on the difference in tax rates between LLCs ..read more
Visit website
#558 The 1 Year Rule: How The Rich Dominate Business
Main Street Business
by Mark J Kohler and Mat Sorensen
1M ago
In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen explain how to create a comprehensive, actionable plan for the year ahead. They discuss the value of aligning your goals with a long-term vision and offer tips for making measurable progress while staying flexible enough to adapt as needed. Here are some of the highlights: Mark and Mat emphasizes the importance of having a strategic plan that can lay the foundation for the next 10 years ahead. Mat discusses the need for setting realistic goals and breaking them down into manageable objectives. Mark explains a ..read more
Visit website
#557 The Accounting Industry Was Broken... Here's How I Fixed It
Main Street Business
by Mark J Kohler and Mat Sorensen
1M ago
In this episode of the Main Street Business Podcast, Mark J. Kohler tackles the top challenges facing accountants today, from the disconnect with business owners to the need to shift from compliance to advisory roles. Learn actionable strategies to elevate your practice and thrive in the evolving tax industry. Here are some of the highlights: Mark begins by acknowledging the frustration of business owners and practitioners in the accounting industry. The disconnect between business owners and accountants, leading to frustration and apathy. Mark outlines the five major pain points for accounta ..read more
Visit website
#556 FULL BLUEPRINT: How To Build LASTING Wealth In 2025 w/ Josh Jalinski
Main Street Business
by Mark J Kohler and Mat Sorensen
1M ago
In this episode of the Main Street Business Podcast, Mark J. Kohler and Josh Jalinski discuss the key elements of successful financial planning for business owners. From annual life insurance reviews to emergency funds and disability insurance, they share practical steps to avoid costly mistakes and achieve lasting financial stability. Here are some of the highlights: Mark Kohler welcomes Josh Jalinski, financial advisor, RIA owner, and host of the Financial Quarterback podcast. Mark begins by emphasizing the importance of building wealth and the need for a reliable quarterback for business o ..read more
Visit website

Follow Main Street Business on FeedSpot

Continue with Google
Continue with Apple
OR