Podcast thumbnail for Fresno Venture Capital Partner Podcast

Fresno Venture Capital Partner Podcast

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by MKG Enterprises Corp

42 episodes
Updated Daily
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Podcast Overview

Unleashing the Power of Equity and Debt One of the distinctive features of "Fresno Venture Capital Partner" is the flexibility it offers in terms of funding options. Businesses can tailor their fundraising strategy by choosing to sell equity or debt in their companies. This adaptability ensures that entrepreneurs can align their funding structure with their unique business models and objectives. Raising Unlimited Capital Without Borders A standout aspect of "Fresno Venture Capital Partner" is its commitment to breaking down geographical barriers. The app enables businesses to raise unlimited capital without the constraints of a traditional bank loan. This is a game-changer for ventures looking to expand globally, offering financial freedom that transcends borders and unlocks a realm of possibilities. The Journey to accessing Capital Markets "Fresno Venture Capital Partner" is not just an app; it's a visionary step towards a future where financial borders no longer restrict ambition. By providing businesses with the means to access capital without traditional limitations, the app empowers entrepreneurs to scale their ventures on a global stage, fostering innovation and economic growth. A Paradigm Shift in Fundraising The app's innovative approach represents a paradigm shift in the way businesses raise capital. Traditionally, fundraising has been a complex and often exclusionary process, favoring those with high credit scores and well-established connections. "Fresno Venture Capital Partner" democratizes this process, making capital accessible to a wider range of entrepreneurs. Download "Fresno Venture Capital Partner" Today Ready to embark on a journey of unlimited possibilities? Check out "Fresno Venture Capital Partner" mobile app on Google Play: https://play.google.com/store/apps/details?id=app.fresnoventurecapitalfund.android

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Publishing Since

9/17/2020

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Recent Episodes

Episode thumbnail for FRESNO ENTREPRENEUR LAUNCHES ONE-STOP MOBILE APP

April 10, 2022

FRESNO ENTREPRENEUR LAUNCHES ONE-STOP MOBILE APP

<p>Marshawn Govan, President and CFO of MKG Insurance Agency and MKG Tax Consultants, has unveiled a comprehensive mobile app that rolls many services, from taxes to crypto, under one banner.</p><p>Published On March 10, 2022 -&nbsp;<strong>11:35</strong>&nbsp;AM</p><p><strong>Written By Frank Lopez&nbsp;</strong>at The Fresno Business Journal</p><p><a href="https://thebusinessjournal.com/fresno-entrepreneur-launches-one-stop-banking-app/" rel="noopener noreferrer" target="_blank">https://thebusinessjournal.com/fresno-entrepreneur-launches-one-stop-banking-app/</a></p><p><br></p><p>The tax season is upon us, and while every taxpayer encounters some confusion when filing, the uphill tax battle is even steeper for businesses.</p><p><br></p><p>A local tax and insurance consulting agency has launched an app to make the filing process for personal and business owners quicker and simpler.</p><p><br></p><p>MKG Insurance Agency and Tax Consultants, with two locations in Fresno, released its banking-as-a-service tax app for both the IOS and Android platform in February.</p><p><br></p><p>President and CFO Marshawn Govan said it was important to launch the mobile app during Black History Month to honor the contributions African-Americans have made throughout history — and to recognize the fight for racial justice going on to this day.</p><p><br></p><p>The app allows users to open bank accounts from their mobile phone, send and receive ACH (Automated Clearing House) payments, pay bills and manage cash flow securely online with an FDIC-insured business bank account.</p><p><br></p><p>The new app is a rebuild from an old version with an IBM license—meaning MKG didn’t own the source code for app. The new app was built specifically for MKG, meaning there is no limit for the license and no costs to renew it.</p><p><br></p><p>Most tax companies with mobile apps use third-party developers, leasing the software as a service.</p><p><br></p><p>“We are originators and developers of what we have in the market,” Govan said. “We can also branch out, white label it and offer that as a software service to other tax companies — to a bank looking to become a green product.”</p><p><br></p><p>The app also helps consumers start the process of buying a home.</p><p><br></p><p>Govan said the goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.</p><p><br></p><p>While it is unique that a local tax and insurance agency has its own specifically developed app, MKG also offers crypto tax service.</p><p><br></p><p>Users will be able to buy, sell and exchange crypto currency. The company even launched its own crypto-token — Token MKG Enterprises Corp.</p><p><br></p><p>According to Govan, no other tax firm is offering a crypto token.</p><p><br></p><p>The app also features money-wiring services such as Cash app and Venmo.</p><p><br></p><p>Users that are business owners will be able to open a business banking account, send and receive money and make check deposits — much like other banking apps on the market.</p><p><br></p><p>Currently MKG is doing regulation crowdfunding, allowing retail investors that might not be accredited to invest smaller amounts. With smaller investment amounts, Govan said it gives them an opportunity to share in the company’s future growth without them having to invest a large part of their finances.</p><p><br></p><p><a href="https://wefunder.com/mkgenterprisescorps" rel="noopener noreferrer" target="_blank">https://wefunder.com/mkgenterprisescorps</a></p><p><br></p><p>MKG is preparing to go public in 2022 to be listed on the OTC market. Govan said that investors have the opportunity to invest now before it grows.</p><p><br></p><p>Govan said there are a lot of barriers for Black people and other underserved communities regarding financial equity, and the FinTech industry is not one where Black people normally...

Episode thumbnail for 15 Self-Employment Tax Deductions in 2022

March 14, 2022

15 Self-Employment Tax Deductions in 2022

<p>There are many valuable tax deductions for freelancers, contractors and other self-employed people who work for themselves. Here are 15 big self-employment tax deductions to remember.</p><p><strong>Schedule C Tax return filing for Sole&nbsp;Proprietor</strong></p><p><a href="https://mkgtaxconsultants.com/shop/" rel="noopener noreferrer" target="_blank">https://mkgtaxconsultants.com/shop/</a></p><h2>1. The home office deduction</h2><p>If you work from your home or use part of it in your business, then self-employment tax deductions like this one could get you a break on the cost of keeping the lights on.</p><p>What you can deduct: A portion of your mortgage or rent; property taxes; the cost of utilities, repairs and maintenance; and similar expenses. Generally, this deduction is only available to the self-employed; employees typically cannot take the home office deduction.</p><p>How it works: Calculate the percentage of your home's square footage that you use, in the IRS’s words, “exclusively and regularly” for business-related activities. That percentage of your mortgage or rent, for example, becomes deductible. So if your home office takes up 10% of your house's square footage, 10% of those housing expenses for the year may be deductible.<a href="https://www.irs.gov/forms-pubs/about-publication-587" rel="noopener noreferrer" target="_blank">&nbsp;IRS Publication 587</a>&nbsp;outlines a lot of scenarios, but note that only expenses directly related to the part of your home you use for business — say, fixing a busted window in your home office — are usually fully deductible.</p><p>What else you can do: Choose the simplified option, which lets you deduct $5 per square foot of home used for business, up to 300 square feet — that’s about a 17-by-17-foot space. You won’t have to keep as many records, but you might end up with a lower deduction, so consider calculating it both ways before filing.</p><p><br></p><h2>2. Health insurance (maybe)</h2><p>If you bought medical insurance policies on your own for yourself or your family, you might qualify for a self-employment tax deduction on the premiums.</p><p><br></p><p>What you can deduct: Medical and dental insurance premiums for you, your spouse, your dependents and your children who are younger than 27 at the end of the tax year. Long-term care insurance premiums also count, though there are specific rules.<a href="https://www.irs.gov/forms-pubs/about-publication-535" rel="noopener noreferrer" target="_blank">&nbsp;IRS Publication 535</a>&nbsp;has the details.</p><p><br></p><p>How it works: It’s an adjustment to income rather than an itemized deduction, which means you don’t necessarily have to itemize to claim it. But you might be let down, because if you’re eligible to enroll in your spouse’s employer’s plan — even if you choose not to, maybe because it’s more expensive than your own — you can’t take the deduction.</p><p><br></p><p>What else you can do: Find out if you can deduct the premiums as a medical expense. This typically works only if you pay your premiums out of your own pocket, and your deduction is limited to expenses that exceed 7.5% of your<a href="https://www.nerdwallet.com/blog/taxes/adjusted-gross-income-agi/" rel="noopener noreferrer" target="_blank">&nbsp;adjusted gross income</a>. So if your A G I is $100,000, your first $7,500 of medical expenses isn't deductible.</p><p><br></p><h2>3. Continuing education</h2><p>You have to stay smart to run a growing business, and there are self-employment tax deductions for that.</p><p>What you can deduct: The costs of “qualifying work-related education,” including things such as tuition, books, supplies, lab fees, transportation to and from classes and related expenses.</p><p>How it works: The expenses are deductible only if the education “maintains or improves skills needed in your present work.” In other words, if you’re taking classes to change careers or you're working toward the minimum educational requirements for

Episode thumbnail for Should you rent or buy a home? Prices are surging in both cases, which makes it complicated

February 15, 2022

Should you rent or buy a home? Prices are surging in both cases, which makes it complicated

<p>Should you rent or buy a home? Prices are surging in both cases, which makes it complicated</p><p><strong>Fresno Calif. </strong>has had a <strong>23.1% rent increase</strong> over the last 12 months which is well above the state of California (11.6%) and U.S. (15.1%) rent increases. <strong>The average one-bedroom apartment now costs $1,150.</strong></p><p><strong>Buying vs Renting</strong></p><p><br></p><p>There are limits to how much a landlord in California can increase rent. Every rental property that is not exempt from<strong> AB 1482</strong> can only have an annual rent increase of<strong> 5% </strong>plus the annual Consumer Price Index (CPI) percentage change.</p><p><br></p><p><br></p><p>“People who were renting in anticipation of buying a home are still renting because the housing prices have gone up so much; the house they wanted to buy a year ago is 20% more than it was</p><p><br></p><p><br></p><p><br></p><p><strong>KEY POINTS</strong></p><ul><li>Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.</li><li>Single-family homes are less affordable than they have been in just over three quarters of the U.S. — the highest total in 13 years, according to a real estate data tracker.</li><li>All real estate is local, however. Homeownership is more affordable than renting in suburban and rural areas, but it’s cheaper to rent in big cities.&nbsp;</li><li>Work with a good mortgage loan officer that put your best interest at heart</li><li>Get Pre-approved before home shopping</li><li>Find a good relator that knows the local market </li><li>File two years of tax returns </li></ul><br/><p><br></p><p>Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.</p><p>Median-priced, single-family homes are less affordable in just over three quarters of the nation — the highest total in 13 years, according to ATTOM, a real estate data tracker. That’s up from 39% at the end of 2020.</p><p><br></p><p>Rents are also up, especially for single-family homes, which have been in high demand during the pandemic. Single-family rents increased 10.9% in October 2021 compared to the year-earlier period, a sixth consecutive record high, according to CoreLogic. The fall is typically a slow season for housing.</p><p>So which is more affordable, owning or renting?</p><p>As a tax expert we recommend to use your tax refund as a down payment on a home</p><p><br></p><p><strong>Four C's of Qualify for a Mortgage </strong></p><p>Whether you are a first-time home buyer or are re-entering the housing market, qualifying for a mortgage can be intimidating. By learning what lenders look at when deciding whether to make a loan, you'll be more confident in navigating the mortgage application process.</p><ul><li>Credit <strong>"620 higher FICO score" </strong></li><li>Collateral</li><li>Compacity</li><li>Cash-to-close</li></ul><br/><p><br></p><p>Standards may differ from lender to lender, but there are four core components — the four C's — that lender will evaluate in determining whether they will make a loan: capacity, capital, collateral and credit.</p><h2>Capacity to Pay Back the Loan</h2><p>Lenders look at your income, employment history, savings and monthly debt payments, and other financial obligations to make sure you have the means to comfortably take on a mortgage.</p><p>One of the ways that lenders verify your income is by reviewing several years of your federal income tax returns and W2s, along with current pay stubs. They evaluate your income based on:</p><ul><li>The source and type of income (e.g., salaried, commission or&nbsp;<a href="https://myhome.freddiemac.com/blog/homeownership/20190823_self_employed_mortgage_application_tips.page" rel="noopener noreferrer" target="_blank">self-employed</a>)</li><li>How long you've been receiving the income and whether it's been stable</li><li>How long that income is...

42 total episodes available

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Frequently asked questions

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What is Fresno Venture Capital Partner Podcast?

Unleashing the Power of Equity and Debt

One of the distinctive features of "Fresno Venture Capital Partner" is the flexibility it offers in terms of funding options. Businesses can tailor their fundraising strategy by choosing to sell equity or debt in their companies. This adaptability ensures that entrepreneurs can align their funding structure with their unique business models and objectives.

Raising Unlimited Capital Without Borders

A standout aspect of "Fresno Venture Capital Partner" is its commitment to breaking down geographical barriers. The app enables businesses to raise unlimited capital without the constraints of a traditional bank loan. This is a game-changer for ventures looking to expand globally, offering financial freedom that transcends borders and unlocks a realm of possibilities.

The Journey to accessing Capital Markets

"Fresno Venture Capital Partner" is not just an app; it's a visionary step towards a future where financial borders no longer restrict ambition. By providing businesses with the means to access capital without traditional limitations, the app empowers entrepreneurs to scale their ventures on a global stage, fostering innovation and economic growth.

A Paradigm Shift in Fundraising

The app's innovative approach represents a paradigm shift in the way businesses raise capital. Traditionally, fundraising has been a complex and often exclusionary process, favoring those with high credit scores and well-established connections. "Fresno Venture Capital Partner" democratizes this process, making capital accessible to a wider range of entrepreneurs. Download "Fresno Venture Capital Partner" Today

Ready to embark on a journey of unlimited possibilities? Check out "Fresno Venture Capital Partner" mobile app on Google Play:

https://play.google.com/store/apps/details?id=app.fresnoventurecapitalfund.android

How often does this podcast release new episodes?

This podcast updates daily.

Where can I listen to this podcast?

This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.

Does this podcast accept guests?

Yes, this podcast regularly features guests.

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