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
Fulfillment in Giving Back
4 Things You Can Do Now to Avoid Accounting and Tax Stress
Last Minute Tax Filing Tips
Small Business Accounting and Tax Secrets
Filing a Tax Extension
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
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