Small Business Tax Savings Podcast
Business:Entrepreneurship
Send us a Text Message.
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
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?
What Tax Strategies Are Available After the Year Is Over? Tax Strategies After 12/31/21
What 3 Mistakes Do New High-Income Entrepreneurs Make and How Can They Avoid Them?
What's the Difference Between a Hobby and Business?
When Are 2021 Tax Returns Due? How Can I Make This Tax Season Stress Free?
Tax Savings Summit + Guest Appearance on the Financial Flossing Podcast
Tax Minimization Program + Guest Appearance on The Free Retiree Show
What Do I Need To Know About 1099s? (For Business Owners)
What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?
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