Small Business Tax Savings Podcast

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-senseSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-depreciation-for-my-business-when-does-a-capitalization-policy-make-senseJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 Items2) Prepay Expenses Using the IRS Safe Harbor3) Stop Billing Customers, Clients, and Patients4) Buy Office Equipment5) Use Your Credit Cards6) Don’t Assume You Are Taking Too Many Deductions7) Other Year-End Strategies (Join Our Tax Minimization Program)LINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-year-end-tax-strategies-are-available-to-business-ownersSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-year-end-tax-strategies-are-available-to-business-ownersJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-a-cost-segregation-study-and-when-does-it-make-senseSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-a-cost-segregation-study-and-when-does-it-make-senseJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/how-do-i-reimburse-myself-from-the-business-when-does-an-accountable-plan-come-into-playSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/how-do-i-reimburse-myself-from-the-business-when-does-an-accountable-plan-come-into-playJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 Test4) R&D Tax Credit - Qualifying Activities5) R&D Tax Credit - Qualifying Expenditures6) 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-the-research-and-development-r-d-credit-and-how-do-i-qualifySign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-the-research-and-development-r-d-credit-and-how-do-i-qualifyJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-health-benefit-options-are-available-for-small-businessesSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-health-benefit-options-are-available-for-small-businessesJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-options-are-available-to-business-owners-with-high-medical-costsSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-options-are-available-to-business-owners-with-high-medical-costsJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/what-is-an-hsa-and-how-do-they-workSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/what-is-an-hsa-and-how-do-they-workJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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 SHOWShow Blog: https://www.taxsavingspodcast.com/blog/how-does-the-deduction-for-self-employed-health-insurance-workSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/blog/how-does-the-deduction-for-self-employed-health-insurance-workJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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

Send us a textOn 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) Eligibility2) Period of Availability3) AmountLINKS FROM THE SHOWShow Blog: https://www.taxsavingspodcast.com/ercSign-Up for the Small Business Tax Savings Summit: https://www.taxsavingspodcast.com/summitJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/tax  --------Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings PodcastArticle: https://www.taxsavingspodcast.com/ercJoin Our Tax Minimization Program: https://www.taxsavingspodcast.com/taxJETRO Packages: https://www.jetrotax.com/packages/Book an Initial Consultation: https://harmonizely.com/mjesowshek-------Podcast Website: https://www.TaxSavingsPodcast.comFacebook 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