Small Business Tax Savings Podcast

On this episode we have a special guest, Kimberly Massey, on to discuss obtaining business credit and alternative funding.   ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates Special Guest: Kimberly Massey ******** Kimberly's Website: https://www. YesBusinessCredit.com Kimberly's Podcast Offer: https://www. GetYourMoney911.com ******** Podcast Website: www. TaxSavingsP...

On this episode we discuss retirement options for business owners with  employees.  We talk about both a SIMPLE IRA and 401(k) including the characteristics of each and which one might make sense for you.   ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Podcast Website: www. TaxSavingsPodcast.com ******** To find out more on this topic and many others visit our websi...

On this episode we discuss retirement options for business owner with zero or few employees.  We talk about both a SEP IRA and Solo 401(k) including the characteristics of each and which one might make sense for you.   ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Podcast Website: www. TaxSavingsPodcast.com ******** Doing your own books can take up hours of your tim...

On this episode we have a special guest, Lane Kawaoka, on to discuss passive investing using real estate.  Great information is shared if you are looking into adding some passive income to your portfolio using rental properties. ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates Special Guest: Lane Kawaoka ******** Lane's Website: https://simplepassivecashflow.com/ Lane&apos...

On this episode we dig into both Traditional and Roth IRAs and go through the important information on each and compare them side by side.  ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Podcast Website: www. TaxSavingsPodcast.com ******** Doing your own books can take up hours of your time, not to mention the hours you spend wondering if you did it right. But what d...

On this episode we go a little different direction and discuss some of the fulfillment you as a business owner can get from giving to those that are less fortunate. ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Podcast Website: www. TaxSavingsPodcast.com ******** Doing your own books can take up hours of your time, not to mention the hours you spend wondering if you...

On this episode we talk about things you can do in your business NOW to avoid accounting and tax stress. Tax season is over and you may be relieved thinking you do not have to worry about that again for another year. If this is you, I want you to step back a few months and think about the stress and anxiety you were facing this tax season. If you do the same thing this year as you did last, you wi...

On this episode we talk about some last minute tax filing tips.  We discuss extensions and payments.  Happy almost end to tax season everyone! ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Podcast Website: www. TaxSavingsPodcast.com ******** Doing your own books can take up hours of your time, not to mention the hours you spend wondering if you did it right. But wha...

This episode is different from our normal. We hosted a webinar this week that I believe provides great information for our audience so I wanted to work it into an episode.  We touch on: Tax strategies that save small businesses thousands each and every year, the top 3 tips that will bulletproof your business from an IRS audit, and how to develop a bookkeeping system to facilitate financial success...

In this episode I talk about filing a tax extension for either you or your business or both.  The deadline for Multi Member LLCs, Partnerships, and S Corporations is March 15th.  The deadline for your personal return including Single Member LLCs and Sole Props along with C Corporations is April 15th.  Listen to learn more! ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******...

In this episode I talk about the payment methods available to pay for your tax bill. I also talk about options available to you if you are unable to pay your tax bill by the deadline. ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Podcast Website: www. TaxSavingsPodcast.com ******** We are hosting a webinar on April 2nd at 11am CST.  If you are unable to make that ti...

In this episode I talk about the home office deduction.  Since home office may be the most misunderstood deduction available I want to break it down for you. You may have been brainwashed to hear the home office is an immediate red flag with the IRS. If your accountant is telling you this, they are simply wrong. Abusing the home office is a red flag but avoiding the home office is simply a mistake...

In this episode we talk about the SEP. A Simplified Employee Pensions (“SEPs”) is an IRA that let allows you contribute more than the usual $5,500 IRA limit for yourself and your employees.  You can contribute to a SEP IRA for the prior year up to the day you file your tax return (including extensions). ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** Doing your own bo...

In this episode we discuss tax law changes and how they relate to you personally. These are changes from the tax bill passed at the end of 2017 that you will start to see now during the 2018 tax filing season. ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** PROGRAM LAUNCH:  Our new training program is now live! It is a learning course where we: Teach you how to setup...

In this episode we discuss tax law changes and how they relate to your business. These are changes from the tax bill passed at the end of 2017 that you will start to see now during the 2018 tax filing season. ******** Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ******** PROGRAM LAUNCH: At the end of February we are launching and incredible program for small business owners looking...

Judging your total tax amount based on your refund is wrong. In this episode we will be outlining the tax refund (or amount due) and how that actually correlates to your total tax paid. We will also discuss what numbers you SHOULD be looking at when comparing total tax year to year. ----- Podcast Host: Mike Jesowshek CPA, from JETRO and Associates ----- PROGRAM LAUNCH: At the end of February we ar...

With cash continuing to be used less frequently, credit card processing is nearly required in businesses of all types.  This week we have a special guest on our podcast to talk about what you should be looking for when thinking about credit card processing for your business. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates Podcast Special Guest: Greg Rosen from Heartland To find out mor...

Last week we talked about the importance of bookkeeping and this week I want to expand on the software options that are solid and on the market today. Software Options Discussed: Quickbooks Online, Xero, and Wave Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic and many others visit our website at www. JETROTax.com. You can also give us a call at 844-327-9...

You can help alleviate tax anxiety by keeping up with your bookkeeping and reviewing your work on a regular basis.  The act of bookkeeping can also be useful for many reasons other than just tax season. This episode is chalked full with tips and trick to alleviate that bookkeeping stress as a business owner. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic...

Owner draws and dividends for pass through entities do not have an effect on your taxable income, your taxable income will strictly be your profit from the business regardless of those personal transactions. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic and many others visit our website at www. JETROTax.com. You can also give us a call at 844-327-9272 o...

The Tax Cuts and Jobs Act was passed all the way back in December of 2017.  However, 2018 is the first year that you will start to see some of the effects from it.  In this episode we do a quick summary of some of the major changes that you will start to see on your return this year. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic and many others visit ou...

Welcome to 2019! In this weeks episode we will be discussing items that you can take care of now, early in tax season, that will leave you fully prepared for tax preparation and filing. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic and many others visit our website at www. JETROTax.com. You can also give us a call at 844-327-9272 or send your questions...

Year-end is here!  Get a refresher of some last final minute items you might want to consider for 2018. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic and many others visit our website at www. JETROTax.com. You can also give us a call at 844-327-9272 or send your questions to us at Sales@JETROTax.com. We specialize in serving only small business owners h...

As we get closer to year-end you might want to consider a SEP IRA or Solo 401k for your S Corporation. In this episode we will breakdown the essentials you need to know and consider as we enter year-end. Podcast Host: Mike Jesowshek CPA, from JETRO and Associates To find out more on this topic and many others visit our website at www. JETROTax.com. You can also give us a call at 844-327-9272 or se...

Guest Hots: This episode will be talking about the basics of life insurance for not only business owners but individuals alike.  Podcast Host: Mike Jesowshek CPA, from JETRO and Associates Guest Hosts: Raymond Chip Lambert & Mitchell Heberer  To find out more on this topic and many others visit our website at www. JETROTax.com. You can also give us a call at 844-327-9272 or send your questions...