In this episode of the Main Street Business Podcast, hosts Mark J. Kohler and Mat Sorensen guide small business owners through the ins and outs of claiming the home office deduction. They also highlight other valuable tax write-offs, encouraging everyone to maximize their savings. Tune in to learn how to keep more of your hard-earned money!

Here's what you can look forward to:

• Mark and Mat emphasize the importance of understanding the home office deduction and its representation for small business owners.
• They map out the different strategies that exist for various business structures like S corp, schedule C, schedule E, and schedule F
• Detail the different methods for calculating the home office deduction, such as the regular method and the simplified method.
• Expanding the use of home space beyond traditional office settings, such as using kitchens for catering businesses
• Highlight other key business strategies, including putting kids on payroll, funding retirement accounts.
• Suggest thinking outside the box and considering what each business needs when utilizing home space.
• Encourage business owners to demand conversations with accountants about maximizing deductions.

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• Grab my FREE Ultimate Tax Strategy Guide HERE!
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In this episode of the Main Street Business Podcast, host Mark J. Kohler welcomes entrepreneur and GameStop co-founder, Gary Kusin to share his insights and experience with other aspiring leaders. Gary maps out his journey to becoming an industry leader himself and empowers emerging entrepreneurs to think beyond predefined passions.

Here's what you can look forward to:

• Mark delves into Gary’s impressive career trajectory and how it’s made an impact on the corporate world.
• The importance of applying an analytical approach to different ventures.
• How Gary transitioned to the CEO role at Kinko's to implement a customer-centric approach.
• Emphasize the significance of creating a culture around customer interactions.
• Developing leadership principles based on personal experiences.
• Encouraging entrepreneurs to seize every opportunity that comes their way.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• 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 how business owners can properly form an LLC. Together, they walk you through everything from selecting the ideal state for your LLC to dispelling misconceptions and providing professional tips on LLC setup, safeguarding assets, tax planning, and beyond!

Here's what you can look forward to:

• Mark and Mat highlight the significance of selecting the appropriate state for setting up your business entity.
• Emphasize the need to consider employment issues and operational locations when deciding on the state.
• Unpack advanced asset protection strategies as your business grows and expands.
• Explore the concept of nonprofit LLCs and their role in charitable events and fundraising.
• List the benefits of focusing on core business activities rather than complex entity structuring.
• The importance of thorough planning, compliance, and avoiding shortcuts in entity setup and structuring processes.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• 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 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!

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• 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.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• 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/

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• 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.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• 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.

• Are you ready to get certified in EVERY strategy I teach? Start your journey with a FREE 15-minute demo.
• You don't want to miss this! Secure your tickets for the most significant tax & legal event of the year: Tax and Legal 360
• Curious what my new certification is all about? Learn More
• Looking to connect with a rock star law firm? KKOS is only a click away!
• Grab my FREE Ultimate Tax Strategy Guide HERE!
• Check out our YOUTUBE Channel Here: https://www.youtube.com/markjkohler
• Craving more content? Check out my Instagram!