by Mike Jesowshek, CPA | Nov 1, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2
Hiring your kids is one of the top kept tax saving secrets. Now when we start this conversation with clients a lot of people cringe and think this is something that the IRS surely would not allow. However, that is not the case. This is actually discussed directly in...
by Mike Jesowshek, CPA | Nov 1, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2
First things first, I want to say thank you. Thank you for following and continuing to support the Small Business Tax Savings Podcast. It is because of listeners like you that we continue to do what we do. Our #1 goal is to help business owners pay the least amount in...
by Mike Jesowshek, CPA | Oct 11, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2
“I paid for business items personally, how do I get those recorded in the business?” “I have some items that are both business and personal mix. How do I report those? Should I run them through the business or should I run them personally and...
by Mike Jesowshek, CPA | Oct 4, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2
“I paid for business items personally, how do I get those recorded in the business?” “I have some items that are both business and personal mix. How do I report those? Should I run them through the business or should I run them personally and...
by Mike Jesowshek, CPA | Sep 27, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2
One thing I am continually seeing in both our Free Facebook Group and Tax Minimization Program is confusion around business vehicles. Lets take the time here to outline the things you need to know! We are going to go through a series of decisions you will make when...
by Mike Jesowshek, CPA | Sep 26, 2023 | Accounting, Management, Money, Small Business, Tax-planning strategy, Taxes, W2
Depreciation… one word that can make a business owner (and even many accountants) cringe. However, understanding it and how to implement it correctly in your business can make a big impact. That is exactly what I will be talking about here. What Is Depreciation?...
