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
Facebook Group: https://www.facebook.com/groups/taxsavings/
YouTube: https://www.youtube.com/@TaxSavings
Portfolio and Non-Taxable Income - How Is My Income Taxed?
Passive Income - How Is My Income Taxed?
Earned Income - How Is My Income Taxed?
What Is Ordinary Income Tax vs Capital Gain Tax?
How Are Credit Card Rewards Taxed?
Business Retirement Plan Q&A Session
2022 Tax Rates and Resources
How Are My Assets Taxed When I Die?
What Is A Revocable Living Trust? Why Is It Important for Business Owners?
What Is a Power of Attorney? What Healthcare Documents Do I Need In Estate Planning?
What Is a Last Will and Testament? Why Is It Important For Business Owners?
How Should I Structure Multiple Businesses?
When Should I (or Should I Not) Become An S Corp?
What Is An S Corp?
Where's My Refund? What Is a Tax Refund?
Is Filing an Extension a Bad Thing? What Do I Need To Know About Tax Extensions?
What Is a Roth IRA and Why Is It So Powerful?
What Options Do I Have To Pay For My Tax Bill?
What Retirement Plan Options Are Available For My Business in 2022?
What Is the Difference Between an Independent Contractor vs Employee?
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