Small Business Tax Savings Podcast
Business:Entrepreneurship
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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
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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
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
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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
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How Are Real Estate Repairs and Improvements Handled?
How Does Depreciation Work for Real Estate?
How Can I Use a Charitable Remainder Trust (CRT) To Eliminate Capital Gains?
How Is Cryptocurrency Taxed?
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?
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