Small Business Tax Savings Podcast

Latest Episodes:

What Is the Difference Between an Independent Contractor vs Employee? Feb 02, 2022

Show notes

On this episode Mike Jesowshek, CPA talks about the difference between an independent contract and employee and why it is important in your business.

1) What Is An Independent Contractor?
2) What Is An Employee?
3) Why Is Independent Contractor vs Employee Such a Big Deal?
4) How Do I Determine If A Worker Is An Independent Contractor or Employee?
5) What Is The California "AB 5 Law"?
6) Independent Contractor vs Employee Wrap Up and Common Mistakes

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-is-the-difference-between-an-independent-contractor-vs-employee

Sign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summit
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Article: https://www.taxsavingspodcast.com/blog/what-is-the-difference-between-an-independent-contractor-vs-employee

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

IncSight Packages: https://incsight.net/pricing/

Book an Initial Consultation: https://app.simplymeet.me/mjesowshek
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
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To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

What Tax Strategies Are Available After the Year Is Over? Tax Strategies After 12/31/21 Jan 26, 2022

Show notes

On this episode Mike Jesowshek, CPA talks about tax strategies that are still available to you (after year-end) prior to filing your 2021 tax return.
1) What Retirement Tax Strategies Are Available After Year-End?
2) What Business Tax Strategies Are Available After Year-End?
3) What Other Tax Strategies Are Available After Year-End?
4) Calendar Deadlines for In-Season Tax Saving Strategies
LINKS FROM THE SHOW
Show Blog: https://www.taxsavingspodcast.com/blog/what-tax-strategies-are-available-after-the-year-is-over-tax-strategies-after-12-31-21
Sign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summit
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
Article: https://www.taxsavingspodcast.com/blog/what-tax-strategies-are-available-after-the-year-is-over-tax-strategies-after-12-31-21
Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
IncSight Packages: https://incsight.net/pricing/
Book an Initial Consultation: https://app.simplymeet.me/mjesowshek
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
--------
To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

What 3 Mistakes Do New High-Income Entrepreneurs Make and How Can They Avoid Them? Jan 19, 2022

Show notes

On this episode Mike Jesowshek, CPA talks with Chris Hanna. He shares his story of entering the entrepreneurial journey and shares tips he has learned along the way.

1) Mistake #1: Ignoring Your Taxes Until They’re Due the Following Year
2) Mistake #2: Neglecting Your Bigger Financial Picture
3) Mistake #3: Treating Your Taxes Like a Chore

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-3-mistakes-do-new-high-income-entrepreneurs-make-and-how-can-they-avoid-them

Article: https://www.taxsavingspodcast.com/blog/what-3-mistakes-do-new-high-income-entrepreneurs-make-and-how-can-they-avoid-them

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

What's the Difference Between a Hobby and Business? Jan 12, 2022

Show notes

On this episode Mike Jesowshek, CPA talks about the difference between a hobby and a business and why this could be so important to you.

1) What is a Hobby?
2) What Are Hobby Loss Rules?
3) How Can I Turn My "Hobby" Into a Business?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-s-the-difference-between-a-hobby-and-business

Article: https://www.taxsavingspodcast.com/blog/what-s-the-difference-between-a-hobby-and-business

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

When Are 2021 Tax Returns Due? How Can I Make This Tax Season Stress Free? Jan 05, 2022

Show notes

On this episode Mike Jesowshek, CPA talks about the 2021 tax due dates and how to be prepared for this upcoming tax season.

1) What Are The 2021 Tax Due Dates?
2) Action Steps For Your Business Tax Return
3) Action Steps For Your Personal Tax Return

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/when-are-2021-tax-returns-due-how-can-i-make-this-tax-season-stress-free

Article: https://www.taxsavingspodcast.com/blog/when-are-2021-tax-returns-due-how-can-i-make-this-tax-season-stress-free

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

Tax Savings Summit + Guest Appearance on the Financial Flossing Podcast Dec 29, 2021

Show notes

On this episode Mike Jesowshek, CPA takes some time to talk about the Small Business Tax Savings Summit. He then ends it with a guest appearance he had on the Financial Flossing Podcast.

LINKS FROM THE SHOW

Sign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summit
Check Out The Financial Flossing Podcast: https://podcasts.apple.com/us/podcast/financial-flossing/id1573619911

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
--------
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

Book an Initial Consultation: https://harmonizely.com/mjesowshek
-------
Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
--------
To find out more on this topic and many others visit our website at www.TaxSavingsPodcast.com. You can also give us a call at 844-327-9272 or send your questions to us at: Ask@TaxSavingsPodcast.com

Tax Minimization Program + Guest Appearance on The Free Retiree Show Dec 22, 2021

Show notes

On this episode Mike Jesowshek, CPA takes some time to talk about the Tax Minimization Program. He then ends it with a guest appearance he had on The Free Retiree Show.

LINKS FROM THE SHOW

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax
Check Out The Free Retiree Show: https://podcasts.apple.com/us/podcast/the-free-retiree-show/id1479301321

Sign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summit
--------
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

What Do I Need To Know About 1099s? (For Business Owners) Dec 15, 2021

Show notes

On this episode Mike Jesowshek, CPA talks about 1099s and why they are so important to you as a business owner.

1) What Is the One Thing I Need to Make Sure I Know About 1099s?
2) When Do I Need to File a 1099-NEC?
3) What is the Typical 1099-NEC Process?
4) When Does the 1099-NEC Need to Be Filed By?
5) What Are the Penalties for Not Filing a 1099-NEC?
6) What Other Types of 1099 Forms Are There?
7) Summary

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-do-i-need-to-know-about-1099s-for-business-owners

Article: https://www.taxsavingspodcast.com/blog/what-do-i-need-to-know-about-1099s-for-business-owners

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense? Dec 08, 2021

Show notes

On this episode Mike Jesowshek, CPA talks about depreciation and why a capitalization policy is so important for business owners.

1) What Is Depreciation?
2) What Options Do You Have for Deducting Asset Purchases?
3) What Is a Basic Example of Depreciation?
4) What are the Rules Around Depreciation?
5) When Does Depreciation Begin?
6) What Happens If I Sell a Depreciated Asset?
7) What Is a Capitalization Policy and Should I Implement One?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-sense

Article: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-sense

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/

What Year-End Tax Strategies Are Available to Business Owners? Dec 01, 2021

Show notes

On this episode Mike Jesowshek, CPA talks about last minute tax strategies that are available to business owners that need to be implemented before year-end.

1) High Level Quick Hit Year-End Items
2) Prepay Expenses Using the IRS Safe Harbor
3) Stop Billing Customers, Clients, and Patients
4) Buy Office Equipment
5) Use Your Credit Cards
6) Don’t Assume You Are Taking Too Many Deductions
7) Other Year-End Strategies (Join Our Tax Minimization Program)

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-year-end-tax-strategies-are-available-to-business-owners

Article: https://www.taxsavingspodcast.com/blog/what-year-end-tax-strategies-are-available-to-business-owners

Join Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax

JETRO Packages: https://www.jetrotax.com/packages/