Small Business Tax Savings Podcast

On this episode Mike Jesowshek, CPA talks about the changes to meal expenses here in 2021. 1) How Does The Meal Deduction Typically Work? 2) Great, Now What Changed For 2021? 3) 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.taxsavingspodcast.com/tax -...

On this episode Mike Jesowshek, CPA talks about the options available to you to get money out of your business to you personally. 1) What Is An Owner’s Draw vs Salary?  2) How Do I Take Money Out Of My Company? 3) My Business Bank Account Is Empty, Why Am I Still Showing A Profit? 4) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA...

On this episode Mike Jesowshek, CPA talks about the options available to you if you cannot afford your tax bill. 1) What Do I Need To Know If I Cannot Afford To Pay My Tax Bill? 2) What Happens If I Do Not Pay My Taxes On Time? 3) What Options Are Available To Pay My Taxes? 4) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA - Foun...

On this episode Mike Jesowshek, CPA talks about the tax extensions and what you need to know. 1) Is It Fine To File An Extension? 2) What Are The Extension Deadlines For Tax Year 2020 And What Form Do I Use? 3) What Happens If I Do Not File An Extension? 4) Important Items / Recap 5) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA...

On this episode Mike Jesowshek, CPA talks about the home office and what you need to know. 1) What Qualifies As A Home Office? 2) How Do I Calculate The Home Office Deduction? 3) What Else Do I Need To Know About The Home Office? 4) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: htt...

On this episode Mike Jesowshek, CPA talks about the newly passed COVID relief package, American Rescue Plan Act. 1) American Rescue Plan Act – Stimulus Payments 2) American Rescue Plan Act – Unemployment Benefits 3) American Rescue Plan Act – Child Tax Credit 4) American Rescue Plan Act – Other Items To Note 5) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podca...

On this episode Mike Jesowshek, CPA talks about the tax return filing requirements and if you even need to file. 1) Do I Need To File A Personal Tax Return? 2) Do I Need To File A Business Tax Return? 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/do-i-ne...

On this episode Mike Jesowshek, CPA talks about the 14 day home rental strategy (also known as The Augusta Rule). 1) What Is The 14 Day Home Rental Strategy (aka The Augusta Rule)? 2) What Do I Need To Do To Implement The 14 Day Home Rental Strategy? 3) Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETRO...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss advanced retirement options for high income earners. 1) What Is A Cash Balance Plan? 2) Looking to connect with a professional or find out which retirement plan is right for you? Go Here: https://lifeincrs.com/jetro/ 3) Official Founding Member Pre-...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss the Safe Harbor and QACA Safe Harbor 401k. 1) What Is A Safe Harbor 401k? 2) What Is A QACA Safe Harbor 401k? 3) Looking to connect with a professional or find out which retirement plan is right for you? Go Here: https://lifeincrs.com/jetro/ 4) Offi...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss the Traditional 401k. 1) What Is a Traditional 401k and What Do I Need To Know About Traditional 401ks? 2) Looking to connect with a professional or find out which retirement plan is right for you? Go Here: https://lifeincrs.com/jetro/ 3) Official F...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss the SIMPLE IRA and Payroll Deducted IRA. 1) What Is a SIMPLE IRA and What Do I Need To Know About SIMPLE IRAs? 2) What Is A Payroll Deducted IRA and What Do I Need To Know About A Payroll Deducted IRA? 3) Looking to connect with a professional or fi...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss the SEP IRA and Solo or Individual 401k. 1) What Is a SEP IRA and What Do I Need To Know About SEP IRAs? 2) What Is a Solo 401k and What Do I Need To Know About Solo 401ks? 3) Should I Do a SEP IRA or Solo 401k For My Business? 4) Looking to connect...

On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to start a series that we are doing on retirement plan options. 1) What Is Your Goal With a Retirement Plan? 2) What Retirement Plan Options Are Best For Businesses With No Outside Employees? 3) What Retirement Plan Options Are Best For Businesses With Employees? 4) Looking to connect with a professional or find out which ret...

On this episode Mike Jesowshek, CPA has special guest Danny Wright on to talk about what you need to know about sales tax.. 1) What Is Sales Tax Nexus? 2) Is My Product or Service Subject to Sales Tax? 3) When It Comes to Sales Tax, What Process Should I Follow? 4) Introduction to our new product launch! Join Our Waiting List Here: https://www.jetrotax.com/launch/ -------- Podcast Host: Mike Jesow...

On this episode Mike Jesowshek, CPA talks about how you can make this tax season stress free and some of the important due dates for 2020. 1) Action Steps For Your Business Tax Return 2) Action Steps For Your Personal Tax Return 3) What Are The 2020 Tax Due Dates? 4) What Is The JETRO Tax Process? 5) Introduction to our new product launch! Join Our Waiting List Here: https://www.jetrotax.com/launc...

On this episode Mike Jesowshek, CPA talks about the new COVID relief bill and what you need to know. Here is what is discussed today: 1) What Is Included In the COVID Relief Bill for Individuals? 2) What Is Included In the COVID Relief Bill for Businesses? 3) Introduction to our new product launch! Join Our Waiting List Here: https://www.jetrotax.com/launch/ -------- Podcast Host: Mike Jesowshek,...

On this episode Mike Jesowshek, CPA shares an appearance he had on The One Big Tip Podcast by Jeff Mendelson.  Here are the show notes from that episode: When Mike stepped out of his marketing job and into the new realm of tax accounting, he took a lot of helpful business practices with him. One of the primary factors was the idea of a virtual business. While most tax firms still have brick and mo...

On this episode Mike Jesowshek, CPA talks about purchasing, deducting, and depreciation a business vehicle. Here is what is discussed today: 1) What Options are Available for Vehicle Deductions? 2) What Do I Need To Know About Vehicle Depreciation? 3) How Do I Depreciate a New or Used SUV, Van or Pickup Truck With GVWR of 6,001 Pounds or More? 4) How Do I Deduct a New or Used Car or Vehicle With a...

On this episode Mike Jesowshek, CPA talks about self employed health insurance and what you need to do to ensure you get a full deduction. He also talks about a few other last minute health strategies you can utilize yet here in 2020. Here is what is discussed today: 1) How do I report self-employed health insurance premiums as a sole proprietor or single member LLC? 2) How do I report self-employ...

On this episode Mike Jesowshek, CPA talks about strategies you can implement before year-end to minimize your taxes. Here is what is discussed today: 1) Prepay Expenses Using the IRS Safe Harbor 2) Stop Billing Customers, Clients, and Patients 3) Buy Office Equipment 4) Use Your Credit Cards 5) Don’t Assume You Are Taking Too Many Deductions -------- Podcast Host: Mike Jesowshek, CPA - Founder of...

On this episode Mike Jesowshek, CPA talks about what an accountable plan is and how it can be beneficial in your business. Here is what is discussed today: 1) What is an Accountable Plan? 2) Why Is It Important To Have An Accountable Plan? 3) How Do I Implement An Accountable Plan? 4) Example of Common Accountable Plan Expenses -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JE...

On this episode Mike Jesowshek, CPA talks about PPP Forgiveness and the tax treatment along with tax treatment on the EIDL advance. Here is what is  discussed today: 1) Paycheck Protection Program (PPP) Forgiveness 2) Paycheck Protection Program (PPP) Tax Treatment 3) Economic Injury Disaster Loan (EIDL) Advance Tax Treatment -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETR...

On this episode Mike Jesowshek, CPA talks about 1099s and this new 1099-NEC form and what you need to know. Here is what is  discussed today: 1) What is Form 1099? 2) What is a 1099-MISC vs 1099-NEC? 3) When Do I Need to File a 1099-NEC? 4) When Is The 1099-NEC Filing Deadline? 5) What Are The Penalties For Not Filing A 1099-NEC? 6) 1099-MISC and 1099-NEC Summary -------- Podcast Host: Mike Jesows...

On this episode Mike Jesowshek, CPA has special guest Liz Briggson from Adamy Valuation on to discuss how you go about valuing your business and things you should consider if you plan to sell your business in the future or want to put together a succession plan. ——– Podcast Host: Mike Jesowshek, CPA – Founder of JETRO (www. JETROtax.com) Special Guest: Liz Briggson, CPA, CVA - Adamy Valuation (www...