Small Business Tax Savings Podcast
Business:Entrepreneurship
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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
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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
Paying for Your Tax Bill
Home Office Deduction
SEP IRA - Retirement Option During Tax Season
Personal Related Tax Law Changes
Business Related Tax Law Changes
Tax Refund/Amount Due vs Tax Liability
Merchant/Credit Card Processing For Your Business
Bookkeeping Software Options (Xero and more)
The Importance of Bookkeeping
Owner Draws or Dividends for Small Business Owners
Tax Cuts and Jobs Act - Overview of Important Items
Being Prepared for Tax Season
Last Minute Year-End Important Items
S-Corp Retirement Considerations Before Year-End
Guest Hosts: Life Insurance Basics
S-Corp Reasonable Salary Prior to Year-End
Small Business Health Insurance Items for Year-End
1099's: What You Need To Know
Income Deferment For Year-End
Expense Acceleration Before Year-End
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