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
CRM and Digital Marketing (w/ Special Guest Fred Varin and Jackie Brajner)
Business Meal Tax Deductions After Tax Law
Using Habits to Attain Goals
Stop Commingling Personal and Business Items
Tax Savings for Real Estate Investors (w/ Special Guest Paul Moore)
Sole Props and Partners Mistakenly Paying Themselves Illegal W2 Wages
Hiring Your Children in Your Business
Mortgages for the Self Employed (w/ Special Guest Bill Moeller)
Looking Ahead to 2019 Taxes
Xerocon and Free Bookkeeping Training Program
Turning a Side Hustle Into a Business (w/ Special Guest Eric Rosenberg)
Time Tracking for Employees and Job Costing (TSheets)
Payroll in the Modern Day (Gusto)
Business Credit and Alternative Funding (w/ Special Guest Kimberly Massey)
SIMPLE IRA and 401(k)
SEP IRA and Solo 401(k)
Passive Investing Using Real Estate (w/ Special Guest Lane Kawaoka)
Traditional and Roth IRA Overview
Fulfillment in Giving Back
4 Things You Can Do Now to Avoid Accounting and Tax Stress
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