352: Home Office and Auto Write-Off

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 26 August 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mat and Mark get back to the basics covering two of the most invaluable tax strategies that are frequently left on the table. They also cover how having a "home office" can be a great strategy when combined with the auto write-off. Don't miss this episode that has HUGE strategies to save you THOUSANDS. To learn more, visit: https://mainstreetbusiness.com/ Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #...

Transcript

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0:00.0	Welcome everybody to this week's episode of the Main Street Business Podcast.
0:11.7	My name is Mark Kohler here with the infamous Matt Sorensen here on my left, right?
0:17.7	Which side are you on?
0:18.7	I don't know.
0:20.2	I'm right down the middle.
0:22.8	When it comes to politics, I'm not on the right or left. I'm right down the middle.
0:25.6	Man, you're getting more and more wippy. Take a stand for crying out loud, man. Get a hold
0:32.3	yourself. You know, they're all wrong. So, but yeah, thank you for introducing me as the infamous.
0:41.7	And I'm excited to be here.
0:44.2	And I'm going to be color commentary today.
0:46.3	I love being color commentary on shows because we're talking about the, well, did you, we're
0:51.8	not expecting that.
0:52.8	Well, no, I thought I was color commentary. But if you're going to call it. You all are going to be color commentary. First, it's my turn. It's true. I'm, I'm more, I'm, I'm more humorous. So. You're, you're more fun. That's true. Okay, so the topic, folks, we're going to be hitting home office and auto. Who doesn't love that topic? Yeah. And it's a write-offs.
1:14.7	Yeah. topic folks we're going to be hitting home office and auto who doesn't love that topic yeah
1:12.6	two and it's a write-offs yeah your home office it's a right-off everybody has a home office now
1:18.7	it's the cool thing to do have an office at your home i want to i want to be the cool kid and it's not
1:24.7	i'm going to say this right out of the gate.
1:29.8	Any of you, they're like, well, my accountant says it's a red flag.
1:34.9	Or we have a lot of accountants and professionals that are listeners of our podcast, want to welcome you.
1:35.4	Thank you.
1:38.7	By the way, our workshops this fall are all CE qualified.
1:43.9	So if any of you want to come out for six hours or 12 hours for one or two day get some credit but anyway people chill out you know
	...

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