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The Small Business Tax Savings Podcast is designed specifically for small business owners. We focus on tax savings and ways to have a financially sound back bone to your small business. Our goal is to have you paying the least amount in taxes as legally possible.Hosted by by Mike Jesowshek, CPA, this is a quick hitting podcast aimed to get you important information without all the fluff. You can find episodes, blog posts, information on our software TaxElm and more on our website: www.TaxSav ...
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The Law Firm Accounting and Tax Podcast is designed specifically for solo and small law firm owners. We focus specifically on tax savings and ways to have a financially sound back bone to your law firm. Hosted by the JETRO team led by Mike Jesowshek, CPA. This is a quick hitting podcast aimed to get you important information without all the fluff.
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An outlet dedicated to providing insight on a variety of professional and business related topics. Our guests are all experts in their own area and we speak with them on how they began their successful Journey to Something More.
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S Corps, Gym Membership Deductions, Solo 401(k)s, and Family Hires: Listener Q&A with Mike Jesowshek CPA
23:45
23:45
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23:45
Send us a Text Message. Are you leaving money on the table when it comes to your business taxes? In this Q&A episode, Mike Jesowshek answers your tax questions! From S corporation salary conundrums to the surprising deductibility of gym memberships, Mike provides actionable insights that could save you thousands. [00:00 - 07:15] S Corp Salaries and…
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How I Saved An Agency $15,000 In Taxes (In 12 Months)
21:58
21:58
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21:58
Send us a Text Message. Mike Jesowshek shares how he saved a small business owner over $15,000 in taxes in just 12 months. Mike breaks down the practical strategies implemented, including changing the business entity structure, maximizing home office and vehicle deductions, strategically categorizing business expenses, and more! Learn how these str…
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Beneficial Ownership Information (BOI) Reporting | What You Need To Know
21:19
21:19
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21:19
Send us a Text Message. Business owners are now facing a new reporting requirement called Beneficial Ownership Information (BOI) reporting. In this episode, Christina from Tax Bandits provides a comprehensive guide on BOI reporting, explaining what it is, who needs to file, how to file, and the potential penalties for non-compliance. Christina shar…
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The Work Opportunity Tax Credit Pays You 40% of Wages!
15:08
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15:08
Send us a Text Message. Business owners are always hiring new employees, but most of the time they're missing out on potential tax credits just because they’re unaware about what’s available. In this episode, Mike Jesowshek, provides a comprehensive guide on the Work Opportunity Tax Credit (WOTC) and how you as a business owner might be able to tak…
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Mastering Remote Team Success: Strategies for Effective Hiring and Management
27:36
27:36
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27:36
Send us a Text Message. How can business owners effectively build trust and transparency in remote teams while ensuring they aren't the bottleneck in their company's growth? In this episode, Mike Jesowshek interviews Tyler Winn from Serious Payroll to discuss strategies for mastering remote team success. Tyler shares insights on the importance of h…
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How ANY Business Owner Can BEAT The IRS In 15 Minutes
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16:04
Send us a Text Message. Are you leveraging the right tax strategies to minimize your business's tax liability and maximize your savings? In this episode, Mike Jesowshek offers a comprehensive guide on tax strategies for business owners to minimize tax liability and optimize financial planning. He emphasizes the importance of understanding the appro…
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Capitalization Policies & Depreciation Explained: Essential Tips for Business Owners
25:22
25:22
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25:22
Send us a Text Message. Have you ever wondered how to maximize your tax deductions through depreciation without getting lost in complex accounting rules? In this episode, Mike Jesowshek delves into the concept of depreciation, explaining its importance and application for small business owners. He covers the basics of depreciation, different method…
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Why You Shouldn't Be an S Corporation In 2024
23:36
23:36
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23:36
Send us a Text Message. Are you sure electing S corporation status is the right move for your business in 2024? In this episode, Mike discusses why some business owners should avoid electing S corporation status in 2024. He provides a detailed explanation of what an S corporation is, how it works, and the primary reason people choose this tax elect…
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Supercharge Your Retirement with These Advanced Plan Options
27:23
27:23
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27:23
Send us a Text Message. Are you maximizing your current retirement plans but still looking for more advanced strategies to secure your future and take care of key employees? In this episode, Mike Jesowshek and retirement expert Matt Ruttenberg discuss advanced retirement strategies for business owners who have maximized basic retirement plans. They…
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Tax Savings Mid-Year Check: Essential Strategies for Small Businesses
21:36
21:36
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21:36
Send us a Text Message. Are you making the most of your tax strategies and deductions this year? In this episode, Mike Jesowshek provides a mid-year tax savings check-in for small business owners. He emphasizes the importance of reviewing tax strategies, implementing them correctly, and maximizing deductions. Key topics include entity structure rev…
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Debunking Common Myths About Employing Your Children!
24:10
24:10
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24:10
Send us a Text Message. Ever wondered how hiring your kids in your business could save you money and teach them invaluable life lessons? In this episode, Mike Jesowshek addresses common myths about hiring your children in your business. He outlines the potential tax benefits, the necessary legal steps, and the educational value for the children inv…
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Send us a Text Message. Ever wondered if you can retroactively claim depreciation on a rental property or how to effectively structure multiple business entities for tax benefits? In this episode, Mike answers various listener questions related to tax strategies for small business owners. He covers topics including retroactive depreciation for rent…
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Understanding the Qualified Business Income Deduction for Small Business Owners
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23:24
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23:24
Send us a Text Message. Are you maximizing your tax savings with the QBI deduction? In this episode, Mike delves into the intricacies of the Qualified Business Income (QBI) deduction, also known as the Section 199A deduction, which was part of the Tax Cuts and Jobs Act. He explains the basic rules and income thresholds, discusses which types of inc…
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Can Small Business Owners Write Off Gym Memberships on Taxes? [2024]
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16:06
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16:06
Send us a Text Message. Have you ever wondered if your business can deduct the cost of an on-site gym? In this episode, Mike focuses on the tax deductibility of gym memberships and on-premises athletic facilities for small businesses. He clarifies that personal gym memberships are not deductible, with rare exceptions for fitness instructors. Howeve…
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Unlocking the Secrets of Meal Expense Deductions for Small Businesses in 2024
17:24
17:24
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17:24
Send us a Text Message. Ever wondered how to save on taxes with your business meal expenses? In this episode, Mike Jesowshek discusses the ins and outs of meal expense deductions for small business owners. He explains how these deductions can turn after-tax spending into pre-tax spending and outlines the criteria for deductibility. Mike emphasizes …
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Top Small Business Tax Deductions: How to MAXIMIZE Savings
24:40
24:40
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24:40
Send us a Text Message. Have you ever wondered how to turn your everyday expenses into legitimate business deductions? Mike Jesowshek discusses strategies for maximizing small business tax deductions, emphasizing the importance of both obvious and non-obvious deductions. He explains that any expense, whether ordinary or necessary for the business, …
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Empower Your Team: Choosing the Right Retirement Plan for Your Small Business with Employees
23:22
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23:22
Send us a Text Message. Are you leveraging the latest tax credits to provide the best retirement plans for your employees? Hosts Mike Jesowshek and guest Matt Ruttenberg discuss retirement plan options for businesses with employees. The conversation highlights various types of retirement plans like SEP IRAs, SIMPLE IRAs, Safe Harbor 401(k)s, and tr…
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Best Retirement Plans for Solo Entrepreneurs: 2024 Guide to Maximizing Savings with No Employees
20:49
20:49
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20:49
Send us a Text Message. Are you a solo entrepreneur puzzled by the myriad of retirement planning options? Mike Jesowshek welcomes back Matt Ruttenberg to discuss retirement plan options for solo entrepreneurs without employees. They highlight various plans like IRAs, SIMPLE IRAs, SEP IRAs, and solo 401(k)s, emphasizing the importance of starting wi…
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Retirement Plan Tax Credits 2024: Essential Strategies Every Business Owner Should Know
22:45
22:45
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22:45
Send us a Text Message. Are you a small business owner curious about the financial benefits of establishing a retirement plan for your company? In this episode, Mike Jeshowshek and guest Matt Ruttenberg discuss the substantial tax credits and key due dates associated with setting up retirement plans for small businesses, introduced by Secure 2.0. T…
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Send us a Text Message. Have you ever wondered if you could hire your older child to watch your younger one and claim it as a business expense? Or are you maximizing the benefits of a Health Savings Account to its fullest potential? In this Q&A episode of the podcast, host Mike Jesowshek answers a series of listener-submitted questions covering a w…
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Strategic Business Structuring: Navigating Multiple Ventures and Partnership Success
20:29
20:29
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20:29
Send us a Text Message. Have you ever wondered how to structure your multiple business ventures efficiently while minimizing your tax burden? Mike Jesowshek delves into the complexities of business structuring, particularly for individuals owning multiple businesses or in partnership. He emphasizes the utility of S Corporations in reducing self-emp…
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Top 5 Secrets to Navigating Estimated Taxes for Small Business Owners
19:19
19:19
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19:19
Send us a Text Message. Are you perplexed by estimated taxes and worried about potential penalties? Discover how to navigate the U.S. tax system's pay-as-you-go approach and strategically plan your payments to stay on top of your tax obligations! In this episode, Mike Jesowshek discusses the importance of understanding and paying estimated taxes in…
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Webinar Reminder: Slash Your 2024 Taxes: Essential Strategies for Small Business Owners
1:02
1:02
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Send us a Text Message. We’re thrilled to invite you to our complimentary webinar, “Slash Your 2024 Taxes: Essential Strategies for Small Business Owners.” Join us for a session packed with valuable insights to minimize your tax bill. Topic: Slash Your 2024 Taxes: Essential Strategies for Small Business Owners Date: Wednesday April 24, 2024 Time: 2…
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Unlocking Tax Deferral: Leveraging Opportunity Zones & Mastering 1031 Exchange Property Identification
25:00
25:00
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25:00
Send us a Text Message. Are you maximizing the potential of your real estate investments through 1031 exchanges and Opportunity Zones? In this podcast, Mike Jesowshek and guest Michael Scherer delve into the intricacies of 1031 exchanges, focusing on various replacement property options, including Delaware Statutory Trusts (DSTs) and Qualified Oppo…
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1031 Exchange Mastery: Skyrocket Your Real Estate Profits with Tax-Deferred Strategies
24:44
24:44
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24:44
Send us a Text Message. Are you maximizing your real estate investment potential through tax-deferred strategies? Mike Jesowshek and Michael Scherer delve into the intricacies of 1031 exchanges. They explain its purpose, benefits, and the critical role of proper planning and advice from tax advisors. They emphasize the necessity of involving a qual…
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