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Too many business owners think they should avoid making more money just to lower their tax bill. In this episode, Mike shares why that mindset is costing you far more than taxes ever will. He breaks down why taxes are just a percentage, how fear leads to bad decisions, and the smart tax strategies that let you keep more of your income legally. Youâll learn how to shift from fear-based spending to strategy-first planning and start building real wealth.
Chapters:
(00:00) The Most Dangerous Tax Mindset
Mike explains why being afraid to earn more profit is the biggest mistake business owners make.
(02:00) How Taxes Actually Work
A simple breakdown of why taxes are just a percentage and why earning more still puts money in your pocket.
(03:04) How Fear of Taxes Leads to Bad Choices
From underreporting income to wasting money on things you donât need, fear of taxes leads to poor decisions.
(07:55) After-Tax vs Pre-Tax Spending Explained
Learn how to move personal spending into your business legally to lower your taxable income.
(10:58) Smart Tax Strategies That Actually Work
Mike covers powerful tools like S-Corp election, retirement plans, HSAs, and more that reduce your taxes the right way.
(17:07) Why More Income Should Empower You, Not Stress You
Mike shares how his client doubled income and paid less in taxes by switching from fear to smart planning.
Podcast Host:
Mike Jesowshek, CPA â Founder and Host of Small Business Tax Savings Podcast
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đ ABOUT THE PODCAST
The Small Business Tax Savings Podcast is your go-to resource for cutting-edge tax strategies to help entrepreneurs legally slash their tax bills. Hosted by Mike Jesowshek, CPA, this show breaks down complex tax topics into clear, no-fluff insights so you can keep more of your hard-earned money.
