by Mike Jesowshek, CPA | Oct 13, 2021 | Accounting, Banking, IRS, Operations, Payroll, Taxes
This is the first post in our “Healthcare Mini Series”. We wanted to take the time to dive into some strategies around healthcare and that is what we will be doing the next couple of weeks. When you are self-employed your health insurance premiums for you...
by Mike Jesowshek, CPA | Jul 7, 2021 | Accounting, Banking, IRS, Operations, Payroll, Taxes
There is so much confusion around what is deductible for business owners so we are going to try and spend some time outlining it here. We see questions around allowable business deductions pop up all the time in our Free Facebook Group so if you haven’t checked...
by Mike Jesowshek, CPA | Apr 25, 2021 | Accounting, Banking, IRS, Operations, Payroll, Taxes
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 | Aug 12, 2020 | Accounting, Banking, IRS, Operations, Payroll, Taxes
In this article we are going to talk about the reasonable compensation aspect of electing S Corporation status. That is the $1,000 question. Unfortunately the IRS does not give us clear guidance in this area but they are able to point us in a direction at least. The...
