Q&A: Are Beers with Clients Write-Offs? Augusta Rule, Home Office, and Missed Deductions

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Have you ever wondered if you can write off beers with a client? Or claim mileage between your home and office? In this special Q&A episode, Mike answers real questions from small business owners across the country — tackling topics like the Augusta Rule, tax deductions you're probably missing, how to handle multi-state operations, and even the proper way to record equipment purchases in your books.

Chapters:

(01:16) What is the Augusta Rule?
Rent your home to your business for 14 days or less, and pay zero tax on that income — here’s how it works.

(02:29) Can You Deduct Beers with Clients?
Yes, you can — but only if there’s a valid business reason and proper documentation.

(05:17) Home Office Deduction and Mileage Explained
Mike clears up confusion about home offices, commuting, and how an accountable plan changes what you can deduct.

(08:00) Does TaxElm Make Sense for Me?
If you’re a small business owner or a high-income earner with a side hustle, here’s how TaxElm could help.

(10:32) Where to Incorporate if You're in Multiple States
Learn how tax nexus works and why forming your LLC in a random state could backfire.

(12:16) How to Record Equipment Purchased with a Loan
Breaking down how to properly track assets, liabilities, and depreciation in your bookkeeping.

(14:30) What is a Family Office and Do You Need One?
Mike shares how to build a “family office” strategy — even if you’re not ultra-wealthy.

(16:00) Tax Deductions Most Business Owners Miss
From hiring your kids to internet bills, here are deductions you might be overlooking.

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
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🎙 ABOUT THE PODCAST
The Small Business Tax Savings Podcast is your go-to resource for cutting-edge tax strategies to help entrepreneurs legally slash their tax bills. Hosted by Mike Jesowshek, CPA, this show breaks down complex tax topics into clear, no-fluff insights so you can keep more of your hard-earned money.