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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
329 episodes
Harris vs Trump | How The Election Will Impact Your LLC
How could the upcoming election shape the future tax landscape for LLCs, and what strategies can business owners consider now to stay ahead?In this episode, Mike Jesowshek explores how the upcoming 2024 presidential election c...
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Episode 106
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16:36
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Guide To Building A Mega Backdoor Roth
Do you know how to unlock the power of tax-free retirement savings using a Mega Backdoor Roth? In this episode, Mike Jesowshek provides a beginner's guide to building a Mega Backdoor Roth IRA in 2024. He explains the diff...
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Episode 105
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14:08
Listener Q&A with Mike Jesowshek CPA
Have you ever wondered if you could deduct a mentorship program paid for on your personal card before starting your business?In this episode, Mike Jesowshek, a CPA, hosts a listener Q&A session addressing various tax-relat...
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Episode 104
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24:34
Buy, Borrow, Die Paradox: How The Rich Get Richer Using Debt
What if you could grow your wealth, avoid taxes, and pass on your assets to your heirs without capital gains?In this episode, Mike discusses the *Buy, Borrow, Die* strategy—a powerful tax avoidance method used by the wealthy t...
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Episode 103
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10:20
The TRUTH about 1099 Reporting for Business Owners
Do you know the different types of 1099 forms your business may need to file?In this episode, host Mike Jesowshek is joined by Christina Wright from Tax Bandits to discuss everything business owners need to know about 1099 for...
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27:02
How to Write Off Your Home Office Expenses and SAVE BIG
Are you missing out on one of the most overlooked tax deductions available to small business owners?In this episode, Mike Jesowshek discusses the often misunderstood home office tax deduction, breaking down its requirements an...
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18:08
Master Health Tax Hacks for Small Biz Success in 2024!
Are you maximizing your healthcare tax savings as a business owner?In this episode, Mike Jesowshek discusses health care-related tax strategies for business owners, focusing on tools like Health Savings Accounts (HSAs), self-e...
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Episode 100
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19:27
The $2M Yacht Tax Write-Off That Triggered an IRS Audit
Could your business deductions survive an IRS audit?In this episode, Mike Jesowshek breaks down a real-life case where a business owner lost $2 million due to an IRS audit after attempting to write off a yacht as a business ex...
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14:52
30+ Tax Write-Offs You’ve Never Heard Of ｜ The Ultimate Tax Write Off Guide
Have you ever wondered how to maximize your tax deductions while staying on the right side of the IRS?In this episode, Mike Jesowshek provides an in-depth guide on over 30 tax write-offs and strategies that can save businesses...
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Episode 98
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57:30
How I Saved An Agency $15,000 In Taxes (In 12 Months)
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 deduc...
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Episode 97
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21:58
Beneficial Ownership Information (BOI) Reporting | What You Need To Know
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...
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Episode 96
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21:19
S Corps, Gym Membership Deductions, Solo 401(k)s, and Family Hires: Listener Q&A with Mike Jesowshek CPA
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 ...
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Episode 95
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23:45
The Work Opportunity Tax Credit Pays You 40% of Wages!
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 g...
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Episode 94
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15:08
Mastering Remote Team Success: Strategies for Effective Hiring and Management
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...
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Episode 93
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27:36
How ANY Business Owner Can BEAT The IRS In 15 Minutes
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...
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Episode 92
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16:04
Capitalization Policies & Depreciation Explained: Essential Tips for Business Owners
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 importanc...
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Episode 91
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25:22
Why You Shouldn't Be an S Corporation In 2024
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 explana...
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Episode 90
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23:36
Supercharge Your Retirement with These Advanced Plan Options
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...
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Episode 89
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27:23
Tax Savings Mid-Year Check: Essential Strategies for Small Businesses
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 strategi...
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Episode 88
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21:36
Debunking Common Myths About Employing Your Children!
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 th...
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Episode 87
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24:10
Listener Q&A with Mike Jesowshek CPA
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...
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Episode 86
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26:00
Understanding the Qualified Business Income Deduction for Small Business Owners
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 t...
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Episode 85
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23:24
Can Small Business Owners Write Off Gym Memberships on Taxes? [2024]
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 clarifi...
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Episode 84
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16:06
Unlocking the Secrets of Meal Expense Deductions for Small Businesses in 2024
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 aft...
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17:24