390: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions

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

🗓️ 8 July 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this weeks open forum episode, Mat and Mark break down a myriad of questions covering topics from Solo 401k strategies, doing business internationally, tax strategies, and MORE! Don't miss this weeks episode of the Main Street Business Podcast. To submit a question for the next open forum show, or 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 th...

Transcript

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0:00.0	You know, let's just take pride that we can have a small business.
0:03.2	Yeah, for all, it is called the American Dream.
0:06.2	The message we do have is stay calm and know the facts.
0:10.7	Some companies may be claiming bankruptcy.
0:12.7	It doesn't mean always that their doors are shut.
0:15.6	They may be reorganizing.
0:16.8	So what you want to do is get the facts.
0:18.8	So I always start there.
0:20.3	So when any of you are thinking, I want to put away the most money in my 401K, you want to do is get the facts. So I always start there. So when any of you are thinking,
0:21.5	I want to put away the most money in my 401k, you've got to start with your baseline of how much
0:27.1	payroll do I really have to take to begin with? Welcome, everyone, to the Main Street Business
0:34.5	podcast with Mark Holden and Matt Sorenson. We are delighted to be with you today.
0:39.7	In the Open Forum episode, this is the People's Show, this episode where we filled your
0:44.8	tax and legal questions, building wealth, saving money on taxes, all that good stuff.
0:49.7	We try to fill some other questions.
0:51.2	But if you stay in that lane, you're going to have a lot more success.
0:53.6	Yeah, that's right. We're going to give you a lot better answers rather than your questions about life. But this is for you. You main streeters in America, it's so awesome, Matt. I was driving here to the studio. And on the country station, it was noon. And they said, it's time to play. They do it every day at noon.
1:11.4	They played the national anthem.
1:13.0	And I was just like, you know what?
1:14.9	I love America, you know.
1:16.7	Only small town, America, country station is going to do that.
1:21.3	And that's pretty cool, actually.
	...

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