Small Business Tax Savings Podcast
Business:Entrepreneurship
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Did you know there are still tax-saving strategies you can implement after the year has ended?
In the episode, Mike Jesowshek focuses on tax strategies that entrepreneurs and business owners can implement post-year-end to optimize their tax positions. He covered various aspects, including making contributions to retirement plans (both traditional and Roth IRAs, as well as employer contributions to plans like SEP IRAs and solo 401(k)s), the importance of completing bookkeeping to not miss out on potential deductions and maximizing business deductions like home office and automobile expenses. Additionally, Mike highlights the value of health savings accounts as a tax-advantaged tool and the critical deadlines for making contributions or taking deductions to apply for the 2023 tax year.
[00:00 - 05:07] Retirement Tax Strategies After Year-End
[05:07 - 10:27] Tax Strategies After Year-End for Business Owners
[10:27 - 15:43] Other Tax Strategies
Quote:
“Health Savings Accounts are almost like a retirement plan on steroids.” - Mike Jesowshek, CPA
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
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Podcast Website: https://www.TaxSavingsPodcast.com
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YouTube: https://www.youtube.com/@TaxSavings
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