Small Business Tax Savings Podcast

On this episode Mike Jesowshek, CPA invites a few JETRO bookkeepers on for a panel discussion to wrap up the "All About Bookkeeping" series. If you missed the 8 part series, check those out. On today's panel is:  Chris Gorman Daud Waziri Heather McGregor Mike Jesowshek, CPA -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrota...

On this episode Mike Jesowshek, CPA finishes our "All About Bookkeeping" series. If you  missed the first seven episodes, check those out. Here is what is discussed today: 1) Not doing bookkeeping on a regular basis and not reading and analyzing your financials. 2) Incorrect categorizing or over categorizing transactions. 3) Failing to keep receipts for purchases. 4) Recording personal i...

On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first six episodes, check those out. Here is what is  discussed today: 1. What Is a Statement of Cash Flows? 2. What Are the Different Parts of a Statement of Cash Flows? 3. What Financial Statements are Important to Small Businesses? -------- Podcast Host: Mike Jesowshek, CPA - Founder of...

On this episode Mike   Jesowshek, CPA continues our "All About Bookkeeping" series. If you  missed the first five episodes, check those out. Here is what is discussed today: 1. What Is a Balance Sheet Recap? 2. What Are the Different Parts of A Balance Sheet? 3. Why Is A Balance Sheet Important? What Can I Do With the Information From a Balance Sheet? 4. Final Items Related to the Balanc...

On this episode Mike  Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first three episodes, check those out. Here is what is  discussed today: 1. What Is a Income Statement (also known as Profit and Loss) Recap? 2. What Are the Different Parts of An Income Statement? 3. Why Is An Income Statement Important? What Can I Do With the Information From a Profit a...

On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first three episodes, check those out. Here is what is discussed today: 1. What Is a Income Statement (also known as Profit and Loss)? 2. What Is a Balance Sheet? 3. Differences Between Income Statement and Balance Sheet -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. J...

On this episode Mike  Jesowshek, CPA continues our "All About Bookkeeping" series. If you  missed the first two check those out. Here is what is discussed today: 1. What Is Cash Basis Accounting/Bookkeeping? 2. What Is Accrual Basis Accounting/Bookkeeping? 3. Should I Use Cash or Accrual Basis? 4. Example / Walk Through -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www....

On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first one check that out. Here is what is discussed today: 1. What Are Debits vs Credits? 2. What Is a Chart of Accounts? 3. Examples -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrotax.com/2020/09/08/what-are-bookkeeping-debits-c...

On this episode Mike Jesowshek, CPA kicks off our "All About Bookkeeping" series with a important topic, what is bookkeeping and why do you need it. Topics discussed include: 1. What Is Bookkeeping? Simplified Definition   2. What Is a Bookkeeper Responsible For?   3. Why Do I Need Bookkeeping?   -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: h...

On this episode Mike Jesowshek, CPA talks wraps up the S Corporation series with a nice summary of the prior 6 episodes. Here are the topics covered in the prior episodes and summarized here. 1. What Is a Pass Through Entity? 2. What Is An LLC and How Is It Different From An S Corporation? 3. What Is An S Corporation and Why Should I Elect To Be One? 4. What Are The Requirements For An S Corporati...

On this episode Mike Jesowshek, CPA talks about what you need to know now that you are setup as an S Corp, specifically discussion S Corporation owner health insurance and accountable plans (aka reimbursement policy).  This is one episode in a multi-part  series that talks about S  Corporations. Be sure to check out the prior episodes as well to get  the full understanding. -------- Podcast Host:...

On  this episode Mike   Jesowshek, CPA talks about what a reasonable compensation is for an S Corporation owner is an how you can go about trying to determine one. This is one episode in a multi-part  series that  talks about S Corporations. Be sure to check out the prior episodes as  well to get the full understanding. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.c...

On this episode Mike   Jesowshek, CPA talks about what the requirements are for an S Corporation and how you can go about electing S Corp status in your business. This is one episode in a multi-part  series that talks about S Corporations. Be sure to check out the prior episodes as well to get the full understanding. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com)...

On this episode Mike  Jesowshek, CPA talks about what an S Corporation is and why you may want to elect to be taxed as one. This is one episode in a multi-part series that talks about S Corporations. Be sure to check out the prior two episodes as well to get the full understanding. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrotax.com/2...

On this episode Mike  Jesowshek, CPA talks about what a sole proprietorship and an LLC is and how that is different form an S Corporation. This is just one episode in a multi-part series! -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrotax.com/2020/07/21/what-is-an-llc-and-how-is-it-different-from-an-s-corporation/ FREE Bookkeeping Traini...

On this episode Mike  Jesowshek, CPA talks about pass through entities. What are they are what does it mean? -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: https://www.jetrotax.com/2020/07/14/what-is-a-pass-through-entity/ FREE Bookkeeping Training Program Sign-Up: http://www. JETROtax.co/BookkeepingTraining -------- Podcast Website: https://www.jetrotax...

On this episode Mike Jesowshek, CPA talks about how to structure your business if you have multiple owners. He walks through two main options that are available to you. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Article: http://www.jetrotax.com/2020/07/08/how-should-i-structure-my-business-with-multiple-owners/ FREE Bookkeeping Training Program Sign-Up: http:...

On this episode Mike   Jesowshek, CPA talks about company retreats for your employees or clients. This is a great opportunity to connect on another level with your team. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) FREE Bookkeeping Training Program Sign-Up: http://www. JETROtax.co/BookkeepingTraining -------- Podcast Website: https://www.jetrotax.com/podcast/ F...

On this episode Mike  Jesowshek, CPA talks about the Paycheck Protection Program (PPP) forgiveness details. With all of the changes that have been occurring this an overall update and summary to where we are today. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) Paycheck Protection Program (PPP) Forgiveness Cheat Sheet Article: https://www.jetrotax.com/2020/06/23/...

On this episode Mike Jesowshek, CPA talks about the importance of tax planning for business owners and the difference between tax preparation and filing and tax planning. As a business owner, tax planning is necessary to minimize the amount in pay in taxes as much as legally possible. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) FREE Bookkeeping Training Progra...

On this episode Mike  Jesowshek, CPA talks about banking options, whther that is using a big bank, small bank or even a new digital bank. He also talks about the PPP bill that was passed and is now law to ease the restrictions a bit on the program.  -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) FREE Bookkeeping Training Program Sign-Up: http://www. JETROtax.co/B...

On this episode Mike Jesowshek, CPA talks about the bill that was passed by the House related to the PPP, a free tool to help with the PPP loan forgiveness, and a notice that funds are still available if you have not yet gotten PPP funding. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) FREE Bookkeeping Training Program Sign-Up: http://www. JETROtax.co/Bookkeepin...

On this episode Mike Jesowshek, CPA talks about the top 4 bookkeeping rules that you need to follow as a business owner. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) FREE Bookkeeping Training Program Sign-Up: http://www. JETROtax.co/BookkeepingTraining JETRO Coronavirus COVID-19 Resource Hub: https://www.jetrotax.com/2020/03/18/coronavirus-accounting-tax/ -----...

On this episode Mike  Jesowshek, CPA talks about the paycheck protection program, specifically about PPP loan certification clarification, PPP loan taxability, and PPP loan forgiveness application. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) PPP Loan Forgiveness Application: https://home.treasury.gov/system/files/136/3245-0407-SBA-Form-3508-PPP-Forgiveness-App...

On this episode Mike Jesowshek, CPA talks about new tax deadlines and extension requirements due to the Coronavirus. He also discussed student loan payments made by the employer and how they are not taxable to the employee if made by 12/31/20. -------- Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www. JETROtax.com) FREE Bookkeeping Training Program Sign-Up: http://www. JETROtax.co/Bookkee...