309 episodes

The Small Business Tax Savings Podcast is designed specifically for small business owners. We focus on tax savings and ways to have a financially sound back bone to your small business. Our goal is to have you paying the least amount in taxes as legally possible.Hosted by by Mike Jesowshek, CPA, this is a quick hitting podcast aimed to get you important information without all the fluff. You can find episodes, blog posts, information on our software TaxElm and more on our website: www.TaxSavingsPodcast.com

Small Business Tax Savings Podcast Mike Jesowshek, CPA

    • Business
    • 4.8 • 224 Ratings

The Small Business Tax Savings Podcast is designed specifically for small business owners. We focus on tax savings and ways to have a financially sound back bone to your small business. Our goal is to have you paying the least amount in taxes as legally possible.Hosted by by Mike Jesowshek, CPA, this is a quick hitting podcast aimed to get you important information without all the fluff. You can find episodes, blog posts, information on our software TaxElm and more on our website: www.TaxSavingsPodcast.com

    Listener Q&A with Mike Jesowshek CPA

    Listener Q&A with Mike Jesowshek CPA

    Send us a Text Message.Ever wondered if you can retroactively claim depreciation on a rental property or how to effectively structure multiple business entities for tax benefits?In this episode, Mike answers various listener questions related to tax strategies for small business owners. He covers topics including retroactive depreciation for rental properties, structuring multiple business entities, handling business-related vehicles, quarterly estimated tax payments, charitable contributions...

    • 26 min
    Understanding the Qualified Business Income Deduction for Small Business Owners

    Understanding the Qualified Business Income Deduction for Small Business Owners

    Send us a Text Message.Are you maximizing your tax savings with the QBI deduction? In this episode, Mike delves into the intricacies of the Qualified Business Income (QBI) deduction, also known as the Section 199A deduction, which was part of the Tax Cuts and Jobs Act. He explains the basic rules and income thresholds, discusses which types of income qualify, and provides details on how to calculate the deduction. Additionally, he addresses the expiration of the QBI deduction after 2025 ...

    • 23 min
    Can Small Business Owners Write Off Gym Memberships on Taxes? [2024]

    Can Small Business Owners Write Off Gym Memberships on Taxes? [2024]

    Send us a Text Message.Have you ever wondered if your business can deduct the cost of an on-site gym? In this episode, Mike focuses on the tax deductibility of gym memberships and on-premises athletic facilities for small businesses. He clarifies that personal gym memberships are not deductible, with rare exceptions for fitness instructors. However, gyms or athletic facilities located on business premises can be deductible if they primarily serve rank-and-file employees, not owners or hi...

    • 16 min
    Unlocking the Secrets of Meal Expense Deductions for Small Businesses in 2024

    Unlocking the Secrets of Meal Expense Deductions for Small Businesses in 2024

    Send us a Text Message.Ever wondered how to save on taxes with your business meal expenses?In this episode, Mike Jesowshek discusses the ins and outs of meal expense deductions for small business owners. He explains how these deductions can turn after-tax spending into pre-tax spending and outlines the criteria for deductibility. Mike emphasizes the importance of detailed record-keeping and highlights various scenarios where meal expenses can be deducted. He also touches on the differentiatio...

    • 17 min
    Top Small Business Tax Deductions: How to MAXIMIZE Savings

    Top Small Business Tax Deductions: How to MAXIMIZE Savings

    Send us a Text Message.Have you ever wondered how to turn your everyday expenses into legitimate business deductions?Mike Jesowshek discusses strategies for maximizing small business tax deductions, emphasizing the importance of both obvious and non-obvious deductions. He explains that any expense, whether ordinary or necessary for the business, qualifies as a deductible. Mike emphasizes proper documentation and legal compliance to ensure these deductions are valid. He also contrasts pre-tax ...

    • 24 min
    Empower Your Team: Choosing the Right Retirement Plan for Your Small Business with Employees

    Empower Your Team: Choosing the Right Retirement Plan for Your Small Business with Employees

    Send us a Text Message.Are you leveraging the latest tax credits to provide the best retirement plans for your employees?Hosts Mike Jesowshek and guest Matt Ruttenberg discuss retirement plan options for businesses with employees. The conversation highlights various types of retirement plans like SEP IRAs, SIMPLE IRAs, Safe Harbor 401(k)s, and traditional 401(k)s. They explore the benefits of these plans, particularly in light of recent tax credits and laws that make setting up these plans mo...

    • 23 min

Customer Reviews

4.8 out of 5
224 Ratings

224 Ratings

Bonnie H_2019 ,

Quick and to the point

They provide alot of value in easy to understand terms in small chunks. Super helpful! Highly recommend.

Josiejing ,

Helpful, interesting, and informative podcast!

Mike makes taxes fun and interesting. We enjoy listening to it in the car.

It’s helped us form tax strategies and helps us think about how we can lower our taxes legally.

Thanks Mike!

WildWillow5 ,

So informative!

I started a private practice business last year with basically no business knowledge, and this podcast has taught me everything I know about small business taxes and finances. I’ve have tried to find information from various sources and Mike always has the best way of breaking things down in an understandable way while still giving incredible detail and knowledge. The episodes are short and information packed and I’m always taking notes when I’m listening. I’ve recommended this podcast to everyone I know that has some kind of business. Thank you so much for sharing such a valuable resource!

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