Small Business Tax Savings Podcast

Latest Episodes:

What Is An Accountable Plan and Why Is It Important To My Business? Nov 25, 2020

Show notes

On this episode Mike Jesowshek, CPA talks about what an accountable plan is and how it can be beneficial in your business. Here is what is discussed today:

1) What is an Accountable Plan?

2) Why Is It Important To Have An Accountable Plan?

3) How Do I Implement An Accountable Plan?

4) Example of Common Accountable Plan Expenses

--------

Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/what-is-an-accountable-plan-and-why-is-it-important-to-my-business/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

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

Book an Initial Consultation: https://harmonizely.com/mjesowshek

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

Coronavirus (COVID-19): PPP Forgiveness and Tax Treatment + EIDL Advance Nov 18, 2020

Show notes

On this episode Mike Jesowshek, CPA talks about PPP Forgiveness and the tax treatment along with tax treatment on the EIDL advance. Here is what is discussed today:

1) Paycheck Protection Program (PPP) Forgiveness

2) Paycheck Protection Program (PPP) Tax Treatment

3) Economic Injury Disaster Loan (EIDL) Advance Tax Treatment

--------

Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/coronavirus-covid-19-ppp-forgiveness-and-tax-treatment-eidl-advance/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

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

Book an Initial Consultation: https://harmonizely.com/mjesowshek

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

What Is a 1099-NEC and What Do I Need To Know About 1099s? Nov 11, 2020

Show notes

On this episode Mike Jesowshek, CPA talks about 1099s and this new 1099-NEC form and what you need to know. Here is what is discussed today:

1) What is Form 1099?

2) What is a 1099-MISC vs 1099-NEC?

3) When Do I Need to File a 1099-NEC?

4) When Is The 1099-NEC Filing Deadline?

5) What Are The Penalties For Not Filing A 1099-NEC?

6) 1099-MISC and 1099-NEC Summary

--------

Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/what-is-a-1099-nec-and-what-do-i-need-to-know-about-1099s/

Form 1099-NEC: https://www.irs.gov/pub/irs-pdf/f1099nec.pdf

Form 1099-MISC: https://www.irs.gov/pub/irs-pdf/f1099msc.pdf

Form W9: https://www.irs.gov/pub/irs-pdf/fw9.pdf

Track1099 (Software): https://www.track1099.com/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

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

Book an Initial Consultation: https://harmonizely.com/mjesowshek

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

How Do I Value My Business? What Do I Need To Know If I Plan to Sell? (w/ Special Guest Liz Briggson) Nov 04, 2020

Show notes

On this episode Mike Jesowshek, CPA has special guest Liz Briggson from Adamy Valuation on to discuss how you go about valuing your business and things you should consider if you plan to sell your business in the future or want to put together a succession plan.

——–

Podcast Host: Mike Jesowshek, CPA – Founder of JETRO (www.JETROtax.com)

Special Guest: Liz Briggson, CPA, CVA - Adamy Valuation (www.adamyvaluation.com) - Email: lbriggson@adamyvaluation.com

Article: https://www.jetrotax.com/how-do-i-value-my-business-what-do-i-need-to-know-if-i-plan-to-sell/

Value Driver One: Higher Profits and Cash Flow - Article: https://adamyvaluation.com/value-driver-higher-profits-and-cash-flow/

Value Driver Two: Lower Risk - Article: https://adamyvaluation.com/value-driver-lower-risk/

Value Driver Three: Higher Growth Potential - Article: https://adamyvaluation.com/value-driver-higher-growth-potential/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

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

Book an Initial Consultation: https://harmonizely.com/mjesowshek

——–

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

——–

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

All About Bookkeeping Panel Discussion with JETRO Bookkeepers Oct 28, 2020

Show notes

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.jetrotax.com/all-about-bookkeeping-series-everything-you-need-to-know-about-bookkeeping/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

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

Book an Initial Consultation: https://harmonizely.com/mjesowshek

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

Top 7 Most Common Bookkeeping Mistakes Made Oct 21, 2020

Show notes

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 items or payments to the owner as business expenses.

5) Incorrectly recording major purchases and potential corresponding loans with those purchases.

6) Not recording payroll correctly.

7) Being unfamiliar or inexperienced with the entire process.

--------

Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/top-7-most-common-bookkeeping-mistakes-made/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

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

Book an Initial Consultation: https://harmonizely.com/mjesowshek

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

What is the Statement of Cash Flows? Any Other Important Financial Statements? Oct 14, 2020

Show notes

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 JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/2020/10/12/what-is-the-statement-of-cash-flows-any-other-important-financial-statements/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

How Do I Read A Balance Sheet and Why Is It Important? Oct 07, 2020

Show notes

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 Balance Sheet

--------

Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/2020/10/06/how-do-i-read-a-balance-sheet-and-why-is-it-important/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

How Do I Read An Income Statement and Why Is It Important? Sep 30, 2020

Show notes

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 and Loss?

4. Final Items Related to the Income Statement

--------

Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)

Article: https://www.jetrotax.com/2020/09/28/how-do-i-read-an-income-statement-and-why-is-it-important/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

What Is An Income Statement vs Balance Sheet? Sep 23, 2020

Show notes

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.JETROtax.com)

Article: https://www.jetrotax.com/2020/09/22/what-is-an-income-statement-vs-balance-sheet/

FREE Bookkeeping Training Program Sign-Up: http://www.JETROtax.co/BookkeepingTraining

--------

Podcast Website: https://www.jetrotax.com/podcast/

Facebook Group: https://www.facebook.com/groups/taxsavings/

Facebook Group: https://www.facebook.com/groups/LawFirmAccounting/

--------

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

Our TOPPODCAST Picks

Follow Us

Stay Connected

Small Business Tax Savings Podcast

Related Podcasts

Links

Stay Connected