Small Business Tax Savings Podcast

On this episode Mike Jesowshek, CPA shares a webinar he did on the Employee Retention Tax Credit. The Employee Retention Credit is a federal government cash award available to virtually every small business (<=100 in 2020 and <=500 employees 2021) in America. Generally, your business will be entitled to up to $5,000 for every employee in 2020 and up to $28,000 per employee in 2021.  1) Eligi...

On this special, one-off episode Mike Jesowshek, CPA announces the Small Business Tax Savings Summit and that registration is now open! Sign-Up Now: https://www.taxsavingspodcast.com/summit Dates: June 14 + 15, 2022 1) Register before 11/30/21 for $150 off - Coupon Code: SAVETAXES21 2) Tax Minimization Program Members = Free Registration - Grab your coupon code within the program. Sign-Up for the...

On this episode Mike Jesowshek, CPA interviewed MJ Demarco, international best-selling author. We talk about how you can shift away from the status quo way of thinking and build a business quickly (note: not easily) to create long-term wealth. Our guest MJ DeMarco shares personal stories about how he became wealthy at a young age and tips he has for other aspiring and current entrepreneurs out the...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series with a Q&A session for those topics that were sent to us throughout the series.  This is Part 2 of 2. LINKS FROM THE SHOW Show Blog: https://www.taxsavingspodcast.com/blog/starting-a-business-series-q-a-session Deep Dive S Corp Series: https://www.taxsavingspodcast.com/scorp Deep Dive Bookkeeping Series: h...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series with a Q&A session for those topics that were sent to us throughout the series.  This is Part 1 of 2. LINKS FROM THE SHOW Show Blog: https://www.taxsavingspodcast.com/blog/starting-a-business-series-q-a-session Deep Dive S Corp Series: https://www.taxsavingspodcast.com/scorp Deep Dive Bookkeeping Series: h...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! He explains what software apps you will want to consider. 1) What Are the Two Most Vital Accounting Apps For a New Business Owner? 2) What Do I Use Bookkeeping Software For? 3) What Do I Use Payroll Software For?  4) What Other Accounting Apps Should Business Owners Consider? LINKS FROM THE SHOW Show Blog: ht...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! He explains what estimated taxes are and the importance of them and how you go about paying for them. 1) When Do You Owe Taxes On Your Earnings? 2) How Does the Year-End Tax Return Play Into All Of This? 3) When Are Estimated Taxes Due? 4) How Do I Calculate Estimated Taxes? 5) What Happens If I Do Not Pay Es...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! He discusses how you go about paying yourself as the business owner. 1) How Do I Pay Myself As A Business Owner? 2) Based On My Entity Type, How Should I Pay Myself? 3) How Are Taxes Handled In Each of the Payment Options? 4) What Else Do I Need To Know About Paying Myself? LINKS FROM THE SHOW Deep Dive S Cor...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! He discusses the high level things you need to know about taxes as a new business owner. 1) What Do I Need To Know About Tax, From A Basic Level? 2) How Is My Business Taxed? 3) What Is This S Corporation You Talk About? 4) How Often Do I Need To Pay Taxes? 5) When Are Tax Returns Due? 6) What Other Business...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! He discusses the things you need to think about as you look to start hiring employees 1) Do I Bring On Workers As Independent Contractors or Employees? 2) How Do I Hire Employees? 3) What Should I Consider When Hiring Employees? LINKS FROM THE SHOW Deep Dive S Corp Series: https://www.taxsavingspodcast.com/sc...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! He discusses the importance of doing bookkeeping in your business. 1) What Is Bookkeeping? 2) What Type of Transactions Do I Need To Be Tracking or Recording via Bookkeeping? 3) What Is An Income Statement (or Profit and Loss)? 4) What Is A Balance Sheet? LINKS FROM THE SHOW Deep Dive S Corp Series: https://w...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! For this one we have special guest, Andrew M Ayers on to discuss the process of setting up an LLC or Corporation 1) Choose a Name 2) Choose Owners 3) Choose Formation Type 4) Get Your Team Ready 5) Filing With State LINKS FROM THE SHOW Deep Dive S Corp Series: https://www.taxsavingspodcast.com/scorp Deep Dive...

On this episode Mike Jesowshek, CPA continues the "Starting a Business" series! For this one we have special guest, Andrew M Ayers on to discuss staying a Sole Prop or Incorporating. 1) Sole Proprietorships 2) Incorporating Your Business LINKS FROM THE SHOW Deep Dive S Corp Series: https://www.taxsavingspodcast.com/scorp Deep Dive Bookkeeping Series: https://www.taxsavingspodcast.com/boo...

On this episode Mike Jesowshek, CPA kicks off the new "Starting a Business" series! 1) What Stage Am I At In The Business? 2) How Should I Organize My Business? 3) What Do I Need To Know About Tax, From A Basic Level? 4) How Much Should I Put Away For Taxes? 5) What Other Things Should I Be Paying Attention To From The Start? LINKS FROM THE SHOW Start-Up Costs: https://www.taxsavingspodc...

On this episode Mike Jesowshek, CPA talks about business deductions and how to maximize them. 1) What Can I Deduct As A Business Expense? 2) How Do I Maximize Business Deductions? 3) A Few Notes And Things To Think About 4) Promotion - Win a T-Shirt and 1 Year Subscription to the Tax Minimization Program: https://www.taxsavingspodcast.com/promo 5) Join Our Tax Minimization Program: https://www.tax...

On this episode Mike Jesowshek, CPA gives a 3 year update on the Podcast. 1) 3 Years In Review 2) What's New? 3) What's Next? 4) How Can You Help? 5) Promotion - Win a T-Shirt and 1 Year Subscription to the Tax Minimization Program 6) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax 7) Download Our Free Ultimate List of Business Deductions: https://www.taxsavingsp...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on from Life Inc Retirement Services to discuss what you need to know about retirement plan deadlines. 1) Retirement Plan Deadlines For Companies w/ No Non-Owner Employees 2) Retirement Plan Deadlines For Companies w/ Employees 3) What Else Should I Know? 4) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/ta...

On this episode Mike Jesowshek, CPA talks about how the child tax credit has changed specifically for 2021. 1) What Are The Typical Parameters Around The Child Tax Credit? 2) What Are The Changes To The Child Tax Credit For 2021? 3) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax 4) Download Our Free Ultimate List of Business Deductions: https://www.taxsavingspodcast.com/d...

On this episode Mike Jesowshek, CPA talks about how you can potentially deduct 100% of the cost of employee recreation and parties. 1) How Is It Possible To Get a 100% Deduction For Entertainment? 2) What Else Do I Need To Know? 3) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax 4) Download Our Free Ultimate List of Business Deductions: https://www.taxsavingspodcast.com/de...

On this episode Mike Jesowshek, CPA talks about what to do if you have business expenses that you accidentally paid for personally. 1) How Do I Avoid A Big Tax Bill? 2) How Do I Avoid A Tax Surprise? 3) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrotax.com/how-do-i...

On this episode Mike Jesowshek, CPA talks about what start-up costs are and how they are handled. 1) What Are Start Up Costs? 2) What Are Organizational Costs? 3) How Does The Tax Deduction For Start-Up and Organizational Costs Work? 4) Examples Of Start-Up Costs Deduction 5) Start-Up Costs Frequently Asked Questions 6) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -----...

On this episode Mike Jesowshek, CPA talks about what baseline tax strategies are and how they compare to advanced tax strategies. 1) What Are Baseline Tax Strategies? 2) What Are Advanced Tax Strategies? 3) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrotax.com/what...

On this episode Mike Jesowshek, CPA talks about what to do if you have business expenses that you accidentally paid for personally. 1) Why Should I Separate Business and Personal Expenses? 2) Okay, I Accidentally Paid For A Business Expense On My Personal Account. Now What? 3) FREE WEBINAR: Tax Secrets Nobody Tells Entrepreneurs - Sign-Up: https://www.taxsavingspodcast.com/secrets Details: Tuesday...

On this episode Mike Jesowshek, CPA has special guest, Gordon Henry, on to discuss how you can modernize your small business. 1) FREE WEBINAR: Tax Secrets Nobody Tells Entrepreneurs - Sign-Up: https://www.taxsavingspodcast.com/secrets Details: Tuesday, May 18, 2021 12:00 PM CDT 2) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA -...

On this episode Mike Jesowshek, CPA talks about how you can hire your kids in your business! 1) What Do I Need To Know About Hiring My Kids In My Business? 2) Great, Now How Do I Do It? 3) FREE WEBINAR: Tax Secrets Nobody Tells Entrepreneurs - Sign-Up: https://www.taxsavingspodcast.com/secrets Details: Tuesday, May 18, 2021 12:00 PM CDT 4) Join Our Tax Minimization Program: https://www.taxsavingsp...