Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a text
Do you want to know how to maximize tax savings for your small business? On this episode, of the Small Business Tax Savings Podcast, Mike provides answers to listeners’ questions about small business taxes and strategies to get the most out of every dollar.
Mike Jesowshek delves into topics such as utilizing baseline tax strategies, advanced tax strategies, deducting advertising expenses, understanding the taxation of assets within an irrevocable trust, taking advantage of charitable contributions, and more.
Discover strategies for back taxes and penalties related to S Corporations, such as fixing it moving forward or starting fresh in 2023 with fees and penalties. Get all this helpful information and more in this episode of the Small Business Tax Savings Podcast.
Tune in now and don’t miss the opportunity for tax savings!
[00:01] Maximize Your Tax Savings To Go Beyond The $500, 000 Business Loss Limitation
[04:27] Tax Implications of Irrevocable Trusts Explained
[10:50] Strategies For Taking Reasonable Salary And Avoiding IRS Red Flags
[17:49] Closing Segment
Key Quotes
“If you're a high-income earner, what we talk about when we look at tax planning, tax strategies, this idea of baseline tax strategies. Baseline tax strategies are available to business owners at all stages of all income levels.” – Mike Jesowshek
--------
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
Why Should I Hire My Kids In My Business?
What Do I Need To Know About Meal Expenses For 2021?
How Do You Get Profits Out Of Your Business?
What If I Cannot Afford To Pay My Taxes When Due?
Is It Fine To File An Extension And What Do I Need To Know About Tax Extensions?
Can I Have A Home Office If I Have Another Office?
American Rescue Plan Act – What Do I Need To Know?
Do I Need To File A Tax Return (Personal or Business)?
What Is The 14 Day Home Rental Strategy (aka The Augusta Rule)?
What Are Some Advanced Retirement Plan Options For High-Income Earners?
What Is a Safe Harbor 401k or QACA Safe Harbor 401k?
What Is a Traditional 401k For Businesses?
What Is a SIMPLE IRA or Payroll Deducted IRA?
What Is A SEP IRA and Solo or Individual 401k?
What Retirement Options Are Available For Business Owners?
What Do I Need To Know About Sales Tax?
How Can I Make Tax Season Stress Free and What Are The 2020 Tax Due Dates?
What Do I Need To Know About the COVID Relief Bill?
Appearance on The One Big Tip Podcast with Jeff Mendelson
What Do I Need to Know About Purchasing, Deducting, and Depreciating a Business Vehicle?
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