DiscoverWBT - Wealth, Business & Taxes
WBT - Wealth, Business & Taxes
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WBT - Wealth, Business & Taxes

Author: Michael Lodge

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Michael Lodge has been in business since 1984. Providing business consultations, formations, and mediation services. He has written his first book - Ethically Thinking, It's Not That Hard which is on Amazon. The WBT stands for Wealth, Business and Taxes and is the focus of the WBT podcast. To find out more about Mr. Lodge go to or if you have a question or remark, text 818.252.5682

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875 Episodes
I was attending a ethics class for accountants yesterday and the topic came up on how ethical are our linkedin accounts? So many people may have endorsed your skill levels - but are they right? Have they endorsed you in the wrong category and it may not even have any thing to do with your professional abilities. In my account people had endorsed me to be really good in sales - far far from any truth. I am the worse person at sales, or marketing. So I spent some time cleaning up my LinkedIn account because I wanted it to be truthful. It was a good topic to have because Linkedin is really our resume to build business relationships with. To be truthful is ethical. If you have any comments or questions, send me a text to 818.252.5682
I have seen it many times where tax clients need to have a tax write off and they use Schedule C - Business or Profession to do it. They have very little income and a great amount of expenses that give them a net operating loss to reduce their taxable income on the tax return. The question is, are they conducting real business or is it just a hobby? A Hobby pretending to be a business. Are you focused on creating a real business or just looking for a made up tax deduction? The first question the IRS will ask and have you prove - does your business have a profit motive? How is the activity of the business carried on? Is it business-like? Are you using separate bank accounts, keeping good records? What is your expertise in your business? How much time are you spending on the activity. And there are a whole bunch of other things that need to be looked at and considered. If you have any questions or comments, send me a text to 818.252.5682
Los Angeles Mayor says he will shut off your business utilities. New York Mayor is setting up road blocks into the City of New York. Who in the world would want to live in cities that care nothing about small businesses and individuals? They don't care about the safety of their residents. They don't care about the means to survive as a small business. Instead these mayors threaten, find, and arrest those that are hurt the greatest - small businesses. But how stupid are these mayors? They are so stupid that small businesses have shut down or moved out of the city completely, and that stops tax revenue going into the city or state. Bad policies mad from bad data, but they don't care because they have a political agenda, and that is more important then small business or you and I. If you have any comments or questions, send me a text at 818.252.5682
It is getting very close to the time to vote, our duty as Americans. However, we have to be very careful of the individuals we put into office and what their views on taxes and the financial success of Americans are really all about. Higher taxes = less jobs. Higher taxes = less money in Americans pockets, and the list goes on. If the candidate is pushing a political agenda - run. If they are looking at their communities that they will be serving and is talking about what makes good common sense for the people, take them into consideration. A candidate, if he/she gets elected, will be voting on bills that will affect our personal finances and our businesses. Be careful on who you put into office. Our vote matters, our lives matter and our nation matters. If you have any questions or remarks, send me a text to 818.252.5682
I am defending Ellen DeGeneres. She is being attacked by the political Hollywood. They attack and play dirty. The issue within her working production company for her show can be corrected, it can be cleaned out, get out the politics and the nonsense of the show. Ellen, don't give up, you have the ability to make your show better and the people that work for you more accountable. Perhaps your working group got too big, too political inside, out of control. You can clean house. But you are also being attacked by political Hollywood - within your organization and they want to get back at you. That is how dirty the game is played in Hollywood. This podcast defends Ellen. Political Hollywood - sit down - shut up. If you have any comments or questions, send me a text to 818.252.5682
2020 has been a sucky year. You probably can't compare it to other years in your life and hope it won't happen again. Everything is up in the air. It is hard to make any sort of plans, but I say - yes you can. This podcast is about setting your financial priorities, now and for the future. If you have any questions or comments, send me a text to 818.252.5682
Accountability - The fact or condition of being accountable, responsibility. Words that describe accountability is responsibility, liability, answer-ability, obedience. Before we can hold other people accountable we have to be accountable for what we do and say - every single day. This podcast is a discussion on our and their accountability. If you have a questions or comment, send me a text to 818.252.5682
I went to lunch today and had the best lunch ever. You want to know why? Listen to this podcast. If you have any questions or comments, send me a text to 818.252.5682
Many of the tenant rent moratoriums are about to end. Now is the time for tenants and landlords to start working together. This podcast is about how you can mediate and negotiate a solution to your covid rental problems. Every problem has a solution, but sometimes it takes mediation. This podcast will help you think the process through. If you have any questions, send me a text to: 818.252.5682
We are doing everything through virtual communication. Our stories we are going to tell have got to now change, we need to really know are stories and be very animated about them. Your no longer across a table where you have their attention. Now you are telling your story to a person far away on a computer with their kids running around them or other types of distractions. Know how to better tell your story virtually.If you have any questions, let me know. Send me a text to: 818.252.5682
I hear mediations on a lot of Real Estate issues, and the number one story is on not disclosing everything about the property. Realtors should really be doing more due diligence on the property they are selling. Sellers need to be more honest. And buyers need to do their due diligence on what they are buying. Litigation is big in California and we are seeing more and more disclosure law suits raise their heads. I am hearing more mediation cases on disclosure complaints. Let's all do what is right, due diligence saves a lot of money and keeps you out of litigation.If you have any questions or comments, send me a text to: 818.252.5682
Congressman Jerry Nadler said over the weekend that the violence of BLM and ANTIFA is only a myth. When are we going to stop listening to the lies of the Democrats, their hate for America, their desire for power through violence? When will this anarchy politics end? It can only end by Americans who take aim with their vote and vote out the politician that lies, supports the black lives matter and Antifa violence. Take your vote, aim well at the political anarchist. Communisim is running rampant in the Democratic party. They are using the very Chinese communist playbook on how to control a nation. Close the schools so there is no place to vote. Close the Churches so there is no place to vote. Shut down businesses so everyone become dependent on a government and lies of the Democrats. This November is the most important elections in the history of this nation. Do not vote by mail which is the most corrupt method to control votes. Go to the ballot box and vote by person, that way your know your vote was cast by you. OUR VOTE MATTERS, OUR LIVES MATTER, OUR NATION MATTERS. If you have any questions or comments, send a text to 818.252.5682
I love Tesla and Elon Musk. During the Corona virus fight with the State of California, Elon said he would make a new plant in another state that is business friendly. So he did it. Austin Texas won out and Tulsa Oklahoma may get one later. What he should do is build another one and shut down the operation in California that is so anti business that even State Legislators said they didn't need Tesla. So Austin Texas loves business and want to see more jobs in Texas. The question is how much longer can California last if they keep chasing people out of their state? And do they even care? Sound like they don't. Congrats to Austin and Texas.OUR VOTE MATTERS, OUR LIVES MATTER, OUR NATION MATTERS #OURVOTEMATTERSIf you have any comments or questions, send a text to 818.252.5682
As we start to look at the cities with Mayors who refuse to do anything to protect their communities, we have a problem. Many have been given an opportunity of help from the President, but their hate filled political agenda's stops them from helping their own people. New York has been offered help from the Federal Government help, Deblasio refuses help and threatens law suits. Which means that his politics is more important then the people of New York. People get show at a funeral and the people at the funeral shoot back, and yet the Mayor refuses to do any law enforcement, he kicks the rule of law to the sewers of New York. Politicians have taken a violent political position by supporting black lives matter and antifa, instead of protecting the people of their cities. Our vote matters, our lives matter, so it is time to put our voice and our vote into action and vote these failures and dangerous politicians out of off. OUR VOTE MATTERS, OUR LIVES MATTER AND OUR NATION MATTERS and in November we will make changes.If you have any questions or comments, send me a text to 818.252.5682
The Mediation process is a good informal confidential situation, confidence in hand, than a courtroom trial. You have the ability to hire an attorney to be your advocate if you feel it is needed, or you can represent yourself. Remember, the mediator is not there to provide legal guidance, they are not allowed to provide your legal counsel. The mediator is there to listen to each side, find a negotiating point where an agreement can be reached, resolve the issues between both sides. The whole process is confidential, unlike filing a law suit where it become a part of public record. Anyone can look it up. However, in mediation, the discussions and documents are kept confidential between all parties in mediation.If you have any questions on mediation, send me a text to 818.252.5682
Gavin Newsom has shut down the state of California a second time for political purposes only. No science, because the first time he shut down it didn't stop it. Instead he says to the BLM rioters, go out and protest by the thousands, spread the virus around. And at the same time he blames restaurants and churches who were following the CDC requirements - he uses no commonsense. Just political driven corrupt agenda to destroy the State of California.If you have questions or comments, send me a text to 818.252.5682
Because of the corona virus stimulus check, and the way the program was set up to check your stimulus refunds and filing a return to qualify for the check, will require you to file a paper return. Why? Because you filed a return online to qualify for the $1,200, so now you have to file another return via paper because you can no longer efile. Ask you tax practitioner about this issue. July 15th this year is the due date. Get it done.If you have any questions, send me a text at 818.252.5682
Per God on business - Whoever works his land will have plenty of bread, but he who follows worthless pursuits will have plenty of poverty (Proverbs). To build a business it takes work, if you have a pursuit of fast money and bling, you will be in poverty. Think about it.If you have any comments or questions, send me a text to 818.252.5682
It is seldom you have a friend in your life where their life story is so important. Zindzi Mandela was a good friend, her story impacted millions of people with her father Nelson Mandela. I will miss her greatly. Rest now Zindzi, you have lived a full life for your nation of South Africa and as a mother. If you have any comments, send me a text to 818.252.5682
If you like my podcast and would like to help the podcast please become a Patreon at: have a problem in the United States, but we can fix it. We have two Satins in the country, the Speaker of the house Nancy Pelosi and the Mayor of New York Bill Deblasio. Two individuals that have no desire to protect the rules of law and the people of America, instead they support Black Lives Matter a Marxist group with the only desire to destroy the United States. BLM has nothing to do with black lives. We have the ability to move these people out of office by demanding they resign and pushing that agenda or by voting out the followers of anarchy and BLM out of office. And there are many.If you have comments or questions, send me a text to 818.252.5682
Comments (1)


Democrats lying and playing dirty. that's what all politicians do. is this a podcast about business and taxes or politics. lately you've done so much politics its annoying

Sep 19th
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