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Small Business Tax Savings Podcast
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.TaxSavingsPodcast.com
Episodes
388 episodes
Q&A | LLC or Not, Home Office vs Augusta Rule, and Hiring Kids the Right Way
If you’re a new business owner, you've probably wondered if you are doing any of this correctly.Should you get an LLC? Do you file a Schedule C? Can you hire your kids? Does a home office hurt you when you sell your house?In this ...
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22:13
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Year-End Tax Strategies Every Business Owner MUST Do Before December 31
Year-end is the last chance to lock in major tax savings for your business.In this episode, Mike walks through the exact steps business owners need to take now, from S Corp requirements and accountable plans to AGI phaseouts, QBI plannin...
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26:40
Write It Off Now. Depreciation, Capitalization Policy, and the 100% Bonus Rule
What if you could buy a computer, a machine, or new equipment and deduct the entire cost in the first year instead of waiting 5, 10, or even 30 years? Thanks to major updates in the One Big Beautiful Bill, you can now take a full write-off upfr...
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20:51
He Makes $300K+ with an S-Corp… But Paid Way Too Much in Taxes! Live Tax Audit
Most S Corp owners follow the right steps, but still pay more tax than they should. A business earning over 300K can lose thousands simply by underusing core strategies.In this live case study, Mike Jesowshek, CPA, reviews a seven-figure...
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Episode 384
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42:50
How to Hire Your Kids and Save $12,000 in Taxes (Legally)
What if you could pay your kids a salary, take a business deduction, and teach them real financial skills at the same time? In this episode, Mike Jesowshek, CPA, explains how to legally hire your children in your business, what the IRS actually...
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17:03
Rent Your Home to Your Business Tax-Free | Augusta Rule 101
If you’ve ever wanted to move money from your business to yourself without paying extra tax, this episode is for you.In this episode, you’ll learn how the Augusta Rule, also called the 14-Day Home Rental Rule, lets business owners rent t...
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14:00
How to Reimburse Yourself Tax-Free (The Accountable Plan Explained)
If you’ve ever paid for business expenses out of pocket, like your phone bill, internet, or home office, and wondered if you can get reimbursed without paying more tax, this episode is for you.In this episode, you’ll learn how an Account...
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Episode 381
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14:55
Turn Medical Bills Into Tax Deductions (4 Ways to Deduct Health Costs)
A single medical bill can wipe out your profits. But health expenses don’t have to drain your cash flow. In this episode, you’ll learn three powerful ways to turn your medical costs into legitimate tax deductions. From self-employed...
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Episode 380
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17:26
Why Every Family Needs a Trust & LLC (Not Just the Rich)
Trusts aren’t just for the rich. Every family can benefit from one. A revocable living trust can simplify estate planning, avoid probate, and create a foundation for generational wealth.In this episode, Mike Jesowshek, CPA, sits down wit...
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30:35
Advanced Tax Strategies the Ultra-Wealthy Use (and How You Can Too)
If you earn over $250,000 or plan to sell a highly appreciated asset, this episode could save you hundreds of thousands in taxes. Most business owners stop at basic deductions and retirement plans, but the wealthy use strategies that go far bey...
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17:21
Turn Everyday Expenses Into Deductions (Max Out Your Tax Savings)
Are you spending money the wrong way? Every dollar is either pre-tax or after-tax money. Knowing the difference is the key to thousands in tax savings.In this episode, we cover how to turn everyday expenses into business deductions. From...
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19:06
Live Case Study: How We Cut $20K+ Off His Tax Bill (Step by Step)
What happens when you take a real small business owner, put them in the hot seat, and break down their tax strategy live? That’s what we’re doing in this episode.Eric runs a successful appraisal business, pays himself through an S-Corp,...
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44:22
Auto Deductions Explained: The 2025 Tax Rules You Need to Know
Most business owners are driving right past thousands in tax savings without realizing it. In 2025, the IRS raised the standard mileage rate to 70 cents per mile, but that’s only the beginning.In this episode, Mike breaks down exactly ho...
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22:34
The Home Office Deduction Explained: How to Save Up to $1,500 a Year
Do you have a home office? The desk you’re sitting at could save you up to $1,500 a year in taxes.Many business owners skip this deduction because they think they don’t qualify or fear an IRS audit. The truth is, most do qualify. One cli...
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22:27
Sell Your Company with $0 Taxes? QSBS Explained
Some entrepreneurs sell their companies and walk away with zero federal taxes. How? This is thanks to a strategy called QSBS.In this episode, tax strategist Alessandro of Get Dynasty breaks down Qualified Small Bus...
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32:18
Independent Contractor or Employee? Hiring Mistakes That Trigger an IRS Audit
Misclassifying workers is one of the biggest mistakes a business owner can make. It might seem cheaper to pay someone as a 1099 contractor, but if the IRS says they should be a W-2 employee, you’re looking at back taxes, penalties, and possible...
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22:35
Why the Wealthy Use Oil & Gas Investments to Cut Six Figures Off Their Taxes
Most tax strategies give you either a write-off or long-term growth. Oil and gas gives you both. With IRS Code 263(c), you get massive upfront deductions and steady tax-advantaged cash flow.In this episode, Mike and Nick from US Energy u...
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26:53
Q&A: The Tax Strategy Hierarchy Every Small Business Owner Should Know
If I were starting a business today, this is exactly how I’d approach tax planning from the ground up. In this episode, we're tackling tax strategy hierarchy every small business owner should follow. From core strategies like hiring...
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23:39
How Section 831(b) Captive Insurance Protects Your Business and Saves You Taxes
Most business owners think of insurance as a necessary expense, but what if it could double as a tool to cut taxes? With a Section 831(b) captive insurance company, you can set aside pre-tax dollars to cover risks traditional insurance won’t to...
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34:02
The #1 Retirement Mistake Business Owners Make (And How to Fix It)
Retirement expert Matt Ruttenberg walks through 5 real-world business scenarios and how to choose the smartest retirement plan for each. Whether you're flying solo or managing a growing team, this episode breaks down IRA, SEP, SIMPLE, 401(k), a...
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36:34
Partnership vs. S Corp | How Basis Can Make or Break Your Tax Bill
Taking money out of your business isn’t always tax-free. If you’re not tracking your basis, you could get hit with a surprise capital gains tax, even without selling anything. Let's break down what basis means, how it works differently for Part...
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15:08
Don’t Mix Passive and Active Income! Your Entity Structure is Why You're Overpaying on Taxes
Mixing active and passive income in one entity could be costing you thousands. In this episode, we break down why separating your income streams is essential. You’ll learn how to structure your business the right way using S Corps, LLCs, holdin...
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23:16
Trump’s ‘One Big Beautiful Bill’ Just Changed Your Taxes Forever – What’s Inside
Trump’s Big Beautiful Bill just became law. What’s actually in it? On July 4th, the biggest tax overhaul since 2017 was signed, and it’s packed with big wins for business owners. 100% bonus depreciation, a permanent 20% QBI deductio...
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21:00
Why Loans Get Denied (Don't Apply for a Mortgage Until You Do This)
When you're self-employed, getting approved for a mortgage isn't as straightforward as it is for W-2 employees. In this episode, Mike sits down with mortgage lender Bill Moeller to break down how tax-saving strategies can impact your mortgage a...
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31:20