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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
426 episodes
MASTERCLASS: How to Cut Your Tax Bill by $15,000 or More
Discover how you can save over 5 figures in taxes with my 3-step tax shift system in my upcoming masterclass on September 1st at 7PM ESTJoin here: https://taxsavingspodcast.com/masterclass/If your business earns between $50,000 an...
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Opportunity Zones in 2026 vs. 2027: What Investors Need to Know
🚀 Discover how you can save over 5 figures in taxes with my 3-step tax shift system in my upcoming masterclass on September 1st 7PM ESTJoin here: https://taxsavingspodcast.com/masterclass/Selling a business,...
Tax Q&A: Can I Deduct My Dog, Claim My Kitchen as a Home Office, and Ignore Venmo Income?
Can you deduct your dog, pay your child tax-free, or claim the kitchen table as a home office? Tax rules for small business owners aren’t always straightforward. Wrong assumption could lead to missed deductions or problems with the IRS.I...
How Business Owners Use Life Insurance to Build Wealth
Life insurance isn’t just a way to protect your family. For the right business owner, it can also provide tax-efficient growth, access to capital, and long-term financial flexibility.In this episode, Mike and Matt explain how cash value ...
How Much Should You Pay Yourself as an S Corp Owner?
Paying yourself the lowest possible S Corp salary might save taxes today, but it could create a much bigger tax bill later.In this episode, Mike explains how to determine a reasonable S Corp salary based on your role, hours, local market...
When Does an S Corp Actually Save You Money?
Will electing S Corporation status ALWAYS save your business thousands in taxes? While that can be true, an S Corp also brings additional payroll requirements, tax filings, costs, and responsibilities.In this episode, we break down how a...
Are Your Business Expenses Audit-Ready? With Shoeboxed Owner Doug Breaker
👉 Ready to simplify your recordkeeping? Check out Shoeboxed to organize receipts, track mileage, and keep your business expenses audit-ready. Visit https://referrals.shoeboxed.com/mb4p7wl1i...
How Rental Properties Create Tax-Free Cash Flow
Can a rental property put $30,000 in your pocket without adding $30,000 to your taxable income? Let’s talk about rental property tax strategiesMike explains how rental real estate can create tax savings even when you can’t use rental los...
Oil & Gas Tax Investing: The Strategy High-Income Business Owners Should Understand
👉 Interested in learning more about oil and gas investing? Email us at ask@taxsavingspodcast.com and we’ll connect you with Nick White and the team at US Energy.Big tax deduction or risky investment? Oil and gas investin...
Trump Accounts Explained: Gimmick or New Savings Tool for Kids?
Free money for kids? Not so fast. Trump Accounts could become one of the newest long-term wealth-building tools for families, but you need to understand how they work, who qualifies, and how they fit into a bigger tax and investment strategy.
The Mid-Year Tax Checkup Every Business Owner Needs
Don’t wait until the last minute to start tax planning. Mid-year is one of the best times for business owners to review their tax situation. Most business owners wait until year-end to ask, “How can I lower my tax bill?” But by then, some of th...
How to Choose the Right Retirement Plan for Your Business
Stop treating your retirement like a someday problem…For business owners, the right plan can be a valuable tax strategy. But too many entrepreneurs wait too long, choose the wrong plan, or assume a 401(k) is only for big companies. ...
Q&A: Are You Making These Common Small Business Tax Mistakes?
Small tax mistakes can cost you thousands, even when you think you’re doing everything right.From missing a filing deadline to misunderstanding how a deduction works, small errors can quickly turn into penalties, lost deductions, and a h...
The 4 Financial Roles Every Small Business Owner Needs
Your CPA isn’t saving you money… And it’s probably not their fault. Many business owners expect their CPA to handle everything: bookkeeping, tax filing, tax strategy, and financial guidance. In this episode, Mike breaks ...
Why Bookkeeping Is One of Your Most Powerful Tax Strategies
Your bookkeeping changes everything from a tax standpoint.If your books are messy, outdated, or based on guesswork, your tax planning is already working with bad information. You may miss deductions, misjudge your profit, make poor year-...
Hiring Remote Employees? You May Have Created State Tax Nexus
Hiring one remote employee in another state changes everything from a tax standpoint.The same goes for selling products or services across state lines. Once your business creates a connection to another state, that state may expect you t...
Meals and Travel Deductions: What Business Owners Need to Know in 2026
You spend money on meals and travel all the time; Client lunches, flights, hotels, conferences, team dinners, and networking events are all part of running a business.But most business owners don’t know what is actually deductible anymor...
Should You Open Another LLC? Multi-Entity Structures Explained
Should you open another LLC, elect S Corp status, or create a more advanced business structure?Mike breaks down when a multi-entity structure makes sense, and when it creates more confusion than value. Learn when one LLC is enough,...
Business Expenses You’re Afraid to Deduct, But Probably Should
Are you still afraid to deduct certain business expenses because you think the IRS might come after you for it?Meals. Travel. Home office. Vehicle expenses. Software. Education. Coaching. Even paying your kids. These deductions can feel ...
How to Audit Your 2025 Tax Return and Lower Your Taxes Next Year
Most business owners treat filing their taxes like the finish line. It isn’t. What actually lowers your tax bill is what you do before December, and that starts with knowing how to read the return you just filed.In this episo...
Tax Q&A for Business Owners: S Corps, LLCs, Write-Offs, and More
Every business owner hits a point where the tax questions start stacking up. Can I deduct this? Should I switch to an S Corp? Is this still a business if I have not made money yet? And what happens if I did something before I had my...
2026 Tax Updates Every Business Owner Needs to Know
Every year, the IRS updates important tax numbers, that most business owners miss. This leads to missed deductions, poorly timed income decisions, and unnecessary overpayments to the IRS.In this episode, we break down the most...
Quarterly Estimated Taxes 101 (How to Stop Overpaying or Underpaying)
Estimated taxes should not feel like a guessing game, but for many business owners, they do. Underpay, and you face stress, penalties, and a big bill in April. Overpay, and you hand the IRS more cash than needed, limiting what you can reinvest ...
Are You Going to Jail for Tax Planning? Tax Attorney Sets the Record Straight
Are you worried a tax strategy could land you in trouble with the IRS? In this episode, Mike Jesowshek sits down with tax attorney Ed Lyon to break down what tax risk actually means. They explain why most business owners do not get ...
Hiring Your First Employee? Don’t Make These Expensive Payroll Mistakes
You’ve hired your first employee… Now what? Hiring your first employee introduces a new layer of tax responsibility, compliance, and systems that many business owners are not prepared for. You are now managing payroll taxes, filings, labo...