Latest Minimization Podcast Episodes
Retirement Plan Tax Credits 2024: Essential Strategies Every Business Owner Should Know
Small Business Tax Savings Podcast - April 24, 2024 09:00 - 22 minutes ★★★★★ - 66 ratingsAre you a small business owner curious about the financial benefits of establishing a retirement plan for your company? In this episode, Mike Jeshowshek and guest Matt Ruttenberg discuss the substantial tax credits and key due dates associated with setting up retirement plans for small business...
Listener Q&A with Mike Jesowshek CPA
Small Business Tax Savings Podcast - April 17, 2024 09:00 - 27 minutes ★★★★★ - 66 ratingsHave you ever wondered if you could hire your older child to watch your younger one and claim it as a business expense? Or are you maximizing the benefits of a Health Savings Account to its fullest potential? In this Q&A episode of the podcast, host Mike Jesowshek answers a series of listener-s...
Strategic Business Structuring: Navigating Multiple Ventures and Partnership Success
Small Business Tax Savings Podcast - April 10, 2024 09:00 - 20 minutes ★★★★★ - 66 ratingsHave you ever wondered how to structure your multiple business ventures efficiently while minimizing your tax burden? Mike Jesowshek delves into the complexities of business structuring, particularly for individuals owning multiple businesses or in partnership. He emphasizes the utility of S C...
Top 5 Secrets to Navigating Estimated Taxes for Small Business Owners
Small Business Tax Savings Podcast - April 03, 2024 09:00 - 19 minutes ★★★★★ - 66 ratingsAre you perplexed by estimated taxes and worried about potential penalties? Discover how to navigate the U.S. tax system's pay-as-you-go approach and strategically plan your payments to stay on top of your tax obligations! In this episode, Mike Jesowshek discusses the importance of understandin...
Webinar Reminder: Slash Your 2024 Taxes: Essential Strategies for Small Business Owners
Small Business Tax Savings Podcast - April 01, 2024 10:00 - 1 minute ★★★★★ - 66 ratingsWe’re thrilled to invite you to our complimentary webinar, “Slash Your 2024 Taxes: Essential Strategies for Small Business Owners.” Join us for a session packed with valuable insights to minimize your tax bill. Topic: Slash Your 2024 Taxes: Essential Strategies for Small Business Owners Date: W...
Unlocking Tax Deferral: Leveraging Opportunity Zones & Mastering 1031 Exchange Property Identification
Small Business Tax Savings Podcast - March 27, 2024 09:00 - 25 minutes ★★★★★ - 66 ratingsAre you maximizing the potential of your real estate investments through 1031 exchanges and Opportunity Zones? In this podcast, Mike Jesowshek and guest Michael Scherer delve into the intricacies of 1031 exchanges, focusing on various replacement property options, including Delaware Statutory T...
1031 Exchange Mastery: Skyrocket Your Real Estate Profits with Tax-Deferred Strategies
Small Business Tax Savings Podcast - March 20, 2024 09:00 - 24 minutes ★★★★★ - 66 ratingsAre you maximizing your real estate investment potential through tax-deferred strategies? Mike Jesowshek and Michael Scherer delve into the intricacies of 1031 exchanges. They explain its purpose, benefits, and the critical role of proper planning and advice from tax advisors. They emphasize t...
Maximize Your Depreciation Deductions: The Power of Cost Segregation Studies Explained
Small Business Tax Savings Podcast - March 13, 2024 09:00 - 22 minutes ★★★★★ - 66 ratingsEver wondered how you could significantly reduce your taxable income from real estate investments in just one year? In this episode, Mike Jesowshek introduces Gabriel Florentino from Engineered Tax Services to discuss cost segregation studies, a tax strategy for real estate investors aiming to ...
2024 Real Estate Tax Mastery: Unlocking Deductions & Strategies for Property Owners
Small Business Tax Savings Podcast - March 06, 2024 10:00 - 25 minutes ★★★★★ - 66 ratingsCurious about how real estate can help you grow your wealth and save on taxes? In this episode, Mike Jesowshek discusses how real estate can serve as a tool for both wealth-building and tax savings. He emphasizes the concept of depreciation, whereby the cost of a rental property can be deducted...
Deadlines Approaching: Mastering Tax Extensions and Payment Options
Small Business Tax Savings Podcast - February 28, 2024 10:00 - 18 minutes ★★★★★ - 66 ratingsAre you worried about filing your tax return on time or paying your tax bill? In this episode, Mike Jesowshek discusses tax extensions and strategies for paying tax bills, addressing common misconceptions and providing practical advice. He clarifies that filing an extension does not increase au...
Foreign Income Mastery for Entrepreneurs: Your Ultimate Guide
Small Business Tax Savings Podcast - February 21, 2024 10:00 - 15 minutes ★★★★★ - 66 ratingsEver wondered if your global business ventures could be affecting your U.S. taxes more than you realize? In the podcast episode, Mike Jesowshek delves into the intricacies of foreign income for small business owners, covering essential aspects such as reporting requirements, types of foreign i...
Unlock Hidden Tax Benefits: Post-Year-End Tactics for Entrepreneurs
Small Business Tax Savings Podcast - February 07, 2024 10:00 - 16 minutes ★★★★★ - 66 ratingsDid you know there are still tax-saving strategies you can implement after the year has ended? In the episode, Mike Jesowshek focuses on tax strategies that entrepreneurs and business owners can implement post-year-end to optimize their tax positions. He covered various aspects, including maki...
Sales Tax Simplified: 3 Key Questions to Unravel Your Small Business Tax Obligations
Small Business Tax Savings Podcast - January 31, 2024 10:00 - 38 minutes ★★★★★ - 66 ratingsExpert Danny Wright from Peisner Johnson discusses the intricacies of sales tax and how it applies to business owners. Core concepts are discussed including determining if a business is subject to sales tax, identifying 'nexus' states where sales tax may be applicable, and understanding which pr...
Decoding The Tax Puzzle: Understanding Married Filing Separately
Small Business Tax Savings Podcast - January 24, 2024 10:00 - 15 minutes ★★★★★ - 66 ratingsAre you wondering if filing separately might be the right choice for your tax situation? In this episode, Mike Jesowshek discusses various aspects of 'married filing separately' tax status, explaining when this filing status could be advantageous. He primarily mentions scenarios such as a high...
Planning Ahead: The Undeniable Importance of Tax Planning Over Preparation for Business Owners
Small Business Tax Savings Podcast - January 17, 2024 10:00 - 18 minutes ★★★★★ - 66 ratingsHave you ever wondered how tax planning can significantly reduce your business's tax liability compared to just tax preparation? In this episode, Mike discusses the difference between tax planning and tax preparation. Tax preparation is important and required by law. It only involves reporting...
IRS's $600 Tax Rule Postponed: What It Means for Venmo, Cash App & PayPal Users in 2024
Small Business Tax Savings Podcast - January 10, 2024 12:00 - 20 minutes ★★★★★ - 66 ratingsWhat if you discovered that by embracing the new e-filing changes and understanding the nuances of the 1099 NEC, 1099-MISC, and 1099-K forms, you could not only streamline your tax processes but also potentially uncover hidden financial benefits for your business? In this episode, Mike welcome...
Conquer Tax Season 2024: Your Essential Prep Guide for 2023 Returns & Crucial Deadlines Every Business Owner Must Know
Small Business Tax Savings Podcast - January 03, 2024 12:00 - 21 minutes ★★★★★ - 66 ratingsCan you believe we're already stepping into another year, and with it, another tax season, signaling it's time to gear up, get organized, and make this the easiest tax season yet? In this episode, Mike welcomes us to a fresh year, 2024, and discusses the start of a new tax season. He emphasizes...
Master Your Future Retirement: With Guest from Retirement Revealed Podcast
Small Business Tax Savings Podcast - December 27, 2023 12:00 - 17 minutes ★★★★★ - 66 ratingsHow can business owners effectively plan for retirement while managing the growth and operations of their businesses? In this episode, Mike welcomes back Jeremy Keil, a retirement planning expert from Keil Financial Partners, to discuss the importance of retirement planning for business owners....
Planting the Retirement Seed: With Guest from Retirement Tax Podcast
Small Business Tax Savings Podcast - December 20, 2023 12:00 - 17 minutes ★★★★★ - 66 ratingsDo you want to understand how retirement savings for small business owners work? In this episode, Mike welcomes Steven Jarvis, CPA, the host of the Retirement Tax Podcast. Steven provides insight on saving for retirement, especially for small business owners, and discusses the potential tax adv...
Listener Q&A with Mike Jesowshek CPA (12/13/2023)
Small Business Tax Savings Podcast - December 13, 2023 12:00 - 26 minutes ★★★★★ - 66 ratingsIn this episode, Mike gives listeners an extensive review of tax-saving strategies for their businesses. Topics include the Augusta rule for tax deductions related to board meetings, the advantages of forming an LLC over a sole proprietorship, the benefits of S Corporations at certain profit lev...
Year-End Wrap-Up Part 2: Proactive Tax-Saving Strategies for Business Owners
Small Business Tax Savings Podcast - December 06, 2023 12:00 - 21 minutes ★★★★★ - 66 ratingsMike Jesowshek continues his 2-part episode on year-end tax-saving strategies. In this episode, Mike covers specific strategies including hiring your kids for tax benefits, setting up a family management company for S corporations, and funding Roth IRAs for children. He also delves into the adva...
Year-End Wrap-Up Part 1: Proactive Tax-Saving Strategies for Business Owners
Small Business Tax Savings Podcast - November 29, 2023 12:00 - 23 minutes ★★★★★ - 66 ratingsThe year is finally coming to an end. But are you and your business properly equipped for it? In this episode, Mike shares the tax strategies that should be taken into consideration as the end of the year approaches. He focuses on taxation for small businesses and the use of S Corporations. He ...
Expert Tips on Year-End Tax Strategies for Small Business Owners
Small Business Tax Savings Podcast - November 22, 2023 12:00 - 19 minutes ★★★★★ - 66 ratingsBefore you know it, 12/31/23 will be gone, and we will be in 2024. In this episode, Mike focuses on year-end tax strategies for businesses. He emphasizes the importance of timely action for implementing various tax-saving measures before the end of the year. Key topics include prepaying expens...
The ABCs of Business Tax: Understanding How Your Entity is Taxed and How to Pay Yourself
Small Business Tax Savings Podcast - November 15, 2023 12:00 - 15 minutes ★★★★★ - 66 ratingsYou might think that your business is a low-profit business. But is it? In this episode, Mike Jesowshek discusses vital financial concepts for small business owners, focusing on how businesses are taxed and the importance of understanding profit. He explains that profit is calculated as sales m...
The Untold Benefits of Hiring Your Kids in Your Business
Small Business Tax Savings Podcast - November 08, 2023 12:00 - 17 minutes ★★★★★ - 66 ratingsHiring one's children is an often overlooked but incredibly beneficial strategy. With IRS regulations allowing for business deductions for wages paid to those under 18, this can be an effective pre-tax spending and money-saving opportunity for parents. In this episode, we'll discuss the import...
Small Business Tax Savings Podcast - 5 Years in Review
Small Business Tax Savings Podcast - November 01, 2023 11:00 - 12 minutes ★★★★★ - 66 ratingsIt’s been half a decade since we started the Small Business Tax Savings Podcast. In today’s episode, Mike dives into how the podcast has grown and shares an exciting announcement that you don’t want to miss. Our unwavering mission? To help business owners pay the least amount in taxes as legally...
Navigating the Maze of Independent Contractors vs Employees - Critical Insights for Your Business!
Small Business Tax Savings Podcast - October 25, 2023 11:00 - 25 minutes ★★★★★ - 66 ratingsWhat’s so important about correctly classifying your workers within your business? In today's episode, Mike talks about the difference between independent contractors and employees. With the government cracking down on worker misclassification, it's more essential than ever for businesses to a...
Listener Q&A with Mike: S-Corp Nuances, Home-Based Tax Strategies, Navigating Complex Deductions and More!
Small Business Tax Savings Podcast - October 18, 2023 11:00 - 25 minutes ★★★★★ - 66 ratingsEver wondered how an S-Corp's retirement contributions differ from a sole proprietor's? Or why the salary of an S-Corp owner is under scrutiny by the IRS? Dive into today's episode as Mike answers the questions you submitted! We dive into the intricacies of S-Corp tax strategies, answer questi...
Mastering Tax Strategies for Health Costs: How to Maximize Deductions and Save Big!
Small Business Tax Savings Podcast - October 11, 2023 11:00 - 21 minutes ★★★★★ - 66 ratingsHow can your health expenses actually put money back in your pocket come tax season? We take a deep dive into a topic many of us often shy away from; Health. Today's episode is about how health intersects with your wallet. Specifically, how you can leverage health-related expenses to save on y...
Mastering Accountable Plans: Unlock Tax Savings and Streamline Business Expenses
Small Business Tax Savings Podcast - October 04, 2023 11:00 - 16 minutes ★★★★★ - 66 ratingsHow should you reimburse yourself for business expenses? The truth is the answer will depend on what kind of business you have. In this episode, Mike dives into reimbursing oneself for business-related costs and introduces an accountable plan; What is it and why you might need it? He also covers...
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