Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a text
Do you want to know how you can save money on taxes through smart strategies and proper filing? In this episode of the Small Business Tax Savings Podcast, Mike answers listener questions every other month in a Q&A session. He tackles some of the most common questions from small business owners.
Mike covers topics such as the Augusta Rule, “Why banks penalize small business owners?”, whether one should receive W2s when they are employed in the family business, and the best way to receive payments for his business.
Tune in now as Mike explains how you can save money on taxes through smart strategies and proper filing!
[00:25] Listener Q&As
[01:10] Maximizing Tax Deductions For Small Business Owners
[09:25] Understanding The Tax Implications Of Multiple Business In One LLC
[20:53] Closing Segment
Key Quotes
“Remember, with any business deduction we take, the deduction has to be ordinary and necessary... So just make sure you have the documentation to support it and that everything makes sense. Remember, we need agreements in place, rental agreements, we need a fair rental value.” – Mike Jesowshek, CPA
--------
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
IncSight Packages: https://incsight.net/pricing/
Book an Initial Consultation: https://app.simplymeet.me/o/incsight/sale
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
--------
To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com
Master Your Future Retirement: With Guest from Retirement Revealed Podcast
Planting the Retirement Seed: With Guest from Retirement Tax Podcast
Listener Q&A with Mike Jesowshek CPA (12/13/2023)
Year-End Wrap-Up Part 2: Proactive Tax-Saving Strategies for Business Owners
Year-End Wrap-Up Part 1: Proactive Tax-Saving Strategies for Business Owners
Expert Tips on Year-End Tax Strategies for Small Business Owners
The ABCs of Business Tax: Understanding How Your Entity is Taxed and How to Pay Yourself
The Untold Benefits of Hiring Your Kids in Your Business
Small Business Tax Savings Podcast - 5 Years in Review
Navigating the Maze of Independent Contractors vs Employees - Critical Insights for Your Business!
Listener Q&A with Mike: S-Corp Nuances, Home-Based Tax Strategies, Navigating Complex Deductions and More!
Mastering Tax Strategies for Health Costs: How to Maximize Deductions and Save Big!
Mastering Accountable Plans: Unlock Tax Savings and Streamline Business Expenses
Rev Up Your Tax Savings: Unleashing Powerful Vehicle Tax Strategies for Small Business Owners
Maximizing Tax Savings with Depreciation and Capitalization Policies for Small Business Owners
Unlock Tax Savings: The Augusta Rule - Your Guide to 14-Day Tax-Free Home Rentals
Kiddie Tax Explained: A Comprehensive Guide for Parents
Maximize Your Money: Unveiling Game-Changing Tax Strategies for W2 Earners
Hiring Your Spouse: Business Boost or Bust?
Listener Q&A with Mike Jesowshek CPA
Create your
podcast in
minutes
It is Free
Make Me Smart
Tax Chats
WSJ Your Money Briefing
NerdWallet’s Smart Money Podcast
The Indicator from Planet Money