Business
**Small Business Tax Savings Podcast**

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

Latest Episodes:

What Is a Cost Segregation Study and When Does It Make Sense? Nov 24, 2021

Show notes

On this episode Mike Jesowshek, CPA talks with Lester Cook from KBKG about cost segregation.

1) What is Cost Segregation?
2) What is a Cost Segregation Study & How Does it Work?
3) What is Involved in a Cost Segregation Study?
4) When should a Cost Segregation study be conducted?
5) What are the Benefits of Cost Segregation?
6) Interested in Exploring a Cost Segregation Study? Setup a call to determine your eligibility and we will get you connected with our cost segregation expert!

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-is-a-cost-segregation-study-and-when-does-it-make-sense

Article: https://www.taxsavingspodcast.com/blog/what-is-a-cost-segregation-study-and-when-does-it-make-sense

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
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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

How Do I Reimburse Myself From the Business? When Does An Accountable Plan Come Into Play? Nov 17, 2021

Show notes

On this episode Mike Jesowshek, CPA talks about reimbursing yourself from the business and the importance of having an accountable plan in place.

1) Operating As A Sole Proprietor or Single Member LLC, How Do I Reimburse Myself?
2) Operating As A S or C Corp, How Do I Reimburse Myself?
3) What Is An Accountable Plan?
4) How Do I Setup An Accountable Plan?
5) What Are Some Common Accountable Plan Expenses?
6) What Else Do I Need To Know About Reimbursements?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/how-do-i-reimburse-myself-from-the-business-when-does-an-accountable-plan-come-into-play

Article: https://www.taxsavingspodcast.com/blog/how-do-i-reimburse-myself-from-the-business-when-does-an-accountable-plan-come-into-play

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

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

What Is the Research and Development (R&D) Credit and How Do I Qualify? Nov 10, 2021

Show notes

On this episode Mike Jesowshek, CPA talks with Jonathan Tucker from KBKG about the Research and Development (R&D) Tax Credit.

1) What is the Research and Development (R&D) Tax Credit?
2) What are the Potential Benefits of the R&D Tax Credit?
3) R&D Tax Credit - Four-Part Test
4) R&D Tax Credit - Qualifying Activities
5) R&D Tax Credit - Qualifying Expenditures
6) Interested in the R&D Credit? Setup a call to determine your eligibility and we will get you connected with our R&D expert!

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-is-the-research-and-development-r-d-credit-and-how-do-i-qualify

Article: https://www.taxsavingspodcast.com/blog/what-is-the-research-and-development-r-d-credit-and-how-do-i-qualify

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

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

What Health Benefit Options are Available for Small Businesses With Employees? Nov 03, 2021

Show notes

On this episode Mike Jesowshek, CPA continues our "Healthcare Mini Series" with breakdown of the options that are available to those business owners looking to offer health benefits to their employees.

1) What Is a Health Reimbursement Arrangement (HRA)?
2) How Does an HRA Work?
3) What is a QSEHRA (Qualified Small Employer HRA)?
4) What Are The Benefits of a QSEHRA?
5) How Do I Setup and Manage a QSEHRA?
6) What Other Things Do I Need To Know About a QSEHRA?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-health-benefit-options-are-available-for-small-businesses

Article: https://www.taxsavingspodcast.com/blog/what-health-benefit-options-are-available-for-small-businesses

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

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

What Options Are Available to Business Owners With High Medical Costs? Oct 27, 2021

Show notes

On this episode Mike Jesowshek, CPA continues our "Healthcare Mini Series" with breakdown of the options that are available to those solo business owners out there with high medical costs.

1) What Is a Section 105 Plan?
2) How Do I Qualify for a Section 105 Plan?
3) How Does a Section 105 Plan Work?
4) Can You Give An Example of a Section 105 Plan?
5) What Other Things Should I Consider Regarding a Section 105 Plan?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-options-are-available-to-business-owners-with-high-medical-costs

Article: https://www.taxsavingspodcast.com/blog/what-options-are-available-to-business-owners-with-high-medical-costs

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

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

What Is An HSA and How Do They Work? Oct 20, 2021

Show notes

On this episode Mike Jesowshek, CPA continues our "Healthcare Mini Series" with breakdown of the Health Savings Account (HSA).

1) What Is a Health Savings Account (HSA)?
2) What Are the Benefits of an HSA?
3) What Are The 2021 HSA Contribution Limits?
4) How Am I Eligible to Contribute To An HSA?
5) What Else Should I Consider When Thinking About An HSA?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/what-is-an-hsa-and-how-do-they-work

Article: https://www.taxsavingspodcast.com/blog/what-is-an-hsa-and-how-do-they-work

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

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

How Does the Deduction For Self-Employed Health Insurance Work? Oct 13, 2021

Show notes

On this episode Mike Jesowshek, CPA kicks off the "Healthcare Mini Series" with some guidance on treatment for self-employed health insurance premiums.

1) How Do I Report Self-Employed Health Insurance Premiums as a Sole Proprietor or Single Member LLC?

2) How Do I Report Self-Employed Health Insurance Premiums as an S Corporation Owner?

3) How Do I Report Insurance Premiums Paid For Non Owner Employees?

4) What Else Do I Need To Know About Deductions for Health Insurance Premiums?

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/blog/how-does-the-deduction-for-self-employed-health-insurance-work

Article: https://www.taxsavingspodcast.com/blog/how-does-the-deduction-for-self-employed-health-insurance-work

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

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

What Is the Employee Retention Tax Credit and How Do I Qualify and Receive the Credit? Oct 06, 2021

Show notes

On this episode Mike Jesowshek, CPA shares a webinar he did on the Employee Retention Tax Credit. The Employee Retention Credit is a federal government cash award available to virtually every small business (<=100 in 2020 and <=500 employees 2021) in America. Generally, your business will be entitled to up to $5,000 for every employee in 2020 and up to $28,000 per employee in 2021.

1) Eligibility
2) Period of Availability
3) Amount

LINKS FROM THE SHOW

Show Blog: https://www.taxsavingspodcast.com/erc

Article: https://www.taxsavingspodcast.com/erc

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

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

Small Business Tax Savings Summit - Registration Now Open! Oct 05, 2021

Show notes

On this special, one-off episode Mike Jesowshek, CPA announces the Small Business Tax Savings Summit and that registration is now open!
Sign-Up Now: https://www.taxsavingspodcast.com/summit
Dates: June 14 + 15, 2022
1) Register before 11/30/21 for $150 off - Coupon Code: SAVETAXES21
2) Tax Minimization Program Members = Free Registration - Grab your coupon code within the program.

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
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Podcast Website: https://www.TaxSavingsPodcast.com
Facebook Group: https://www.facebook.com/groups/taxsavings/
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Interview with MJ DeMarco a International Best-Selling Author (The Millionaire Fastlane) Sep 29, 2021

Show notes

On this episode Mike Jesowshek, CPA interviewed MJ Demarco, international best-selling author. We talk about how you can shift away from the status quo way of thinking and build a business quickly (note: not easily) to create long-term wealth.
Our guest MJ DeMarco shares personal stories about how he became wealthy at a young age and tips he has for other aspiring and current entrepreneurs out there. This episode is packed with golden nuggets. Join us on his journey as we venture into the topics of becoming a millionaire and beyond.

3 Key Takeaways

Understanding the CENTS Framework (a set of five commandments that evaluate business ideas and their possibility for a lucrative outcome) can move you from working for time to becoming a multi-millionaire.
Stop Chasing Money and Start Chasing NEEDS
Value Skew Can Change Your Business and Your Life

Show Blog: https://www.taxsavingspodcast.com/blog/interview-with-mj-demarco-a-international-best-selling-author-the-millionaire-fastlane

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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Article: https://www.taxsavingspodcast.com/blog/interview-with-mj-demarco-a-international-best-selling-author-the-millionaire-fastlane

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

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