『Small Business Tax Savings Podcast』のカバーアート

Small Business Tax Savings Podcast

Small Business Tax Savings Podcast

著者： Mike Jesowshek CPA
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The Small Business Tax Savings Podcast is designed specifically for small business owners. We focus on tax savings and ways to have a financially sound back bone to your small business. Our goal is to have you paying the least amount in taxes as legally possible.Hosted by by Mike Jesowshek, CPA, this is a quick hitting podcast aimed to get you important information without all the fluff. You can find episodes, blog posts, information on our software TaxElm and more on our website: www.TaxSavingsPodcast.com

© 2026 Small Business Tax Savings Podcast マネジメント・リーダーシップ リーダーシップ 個人ファイナンス 経済学
エピソード
  • Tax Q&A: Can I Deduct My Dog, Claim My Kitchen as a Home Office, and Ignore Venmo Income?

    Tax Q&A: Can I Deduct My Dog, Claim My Kitchen as a Home Office, and Ignore Venmo Income?
    2026/08/19

    Can you deduct your dog, pay your child tax-free, or claim the kitchen table as a home office? Tax rules for small business owners aren’t always straightforward. Wrong assumption could lead to missed deductions or problems with the IRS.

    In this Q&A episode, Mike answersyour questions. He explains which expenses may qualify when a dog is used for marketing, how hiring children differs between an S corporation and a sole proprietorship, and what happens when a child turns 18.

    He also covers mileage tracking, missing receipts, home office requirements, unreported Venmo income, retirement plan deadlines, college funding strategies, and whether health-sharing payments qualify for the self-employed health insurance deduction.


    👉 Get the Free Tax Savings Starter Kit Built for Small Business Owners:
    https://www.taxsavingspodcast.com/starterkit

    🚀 Book your free demo call today. Click here or visit:
    https://taxelm.com/demo/


    Chapters

    00:45 Hiring Your Children Through an S Corporation
    Mike explains how a child’s age and the business entity affect income tax, FICA withholding, W-2 employment, and 1099 contractor treatment.

    05:03 Deducting Your Dog and Tracking Business Mileage
    Learn which dog-related marketing expenses may qualify as deductions, which personal pet expenses typically don’t, and how to document business mileage.

    09:10 Missing Receipts and Paying for College Through Your Business
    Mike covers the documentation needed for expenses under $75, reimbursing personally paid business costs, and hiring a child to help fund college.

    13:55 Retirement Deadlines and the Home Office Deduction
    Review important retirement contribution deadlines and find out why working from the family kitchen table generally doesn’t qualify for a home office deduction.

    16:28 Hiring a Teenager and Reporting Venmo Income
    Mike explains W-4 and payroll requirements when hiring a 15-year-old, along with why business income must be reported even when no 1099 is received.

    19:26 Health-Sharing Plans and Insurance Deductions
    Find out whether health-sharing payments qualify for the self-employed health insurance deduction and how to compare their cost with potential tax savings.


    Podcast Host:

    Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
    Join TaxElm:     https://taxelm.com

    🚀 Visit: https://www.TaxSavingsPodcast.com

    🚀 Check Out TaxElm: https://taxelm.com/

    🚀 Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/

    🚀 YouTube: www.TaxSavingsTV.com

    👋🏼 GET IN TOUCH
    You can Tweet @MJesowshek with any feedback, ideas, or thoughts about the lessons you've learned from the episodes. We want to thank you personally for tuning in 🙏


    🙌LEAVE A REVIEW
    If you enjoy the podcast, please leave a 5-star review on Apple Podcasts or Spotify—it helps more business owners find the show ⭐


    🎙 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.
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    23 分
  • How Business Owners Use Life Insurance to Build Wealth

    How Business Owners Use Life Insurance to Build Wealth
    2026/08/12
    Life insurance isn’t just a way to protect your family. For the right business owner, it can also provide tax-efficient growth, access to capital, and long-term financial flexibility.In this episode, Mike and Matt explain how cash value life insurance works, including tax-deferred growth, policy loans, death benefits, and long-term care benefits. They also break down term, whole, and universal life insurance, who this strategy may benefit, and how to avoid choosing an expensive or poorly designed policy.👉 Need a life insurance policy that fits your financial strategy? Connect with Matt for a policy review and personalized guidance based on your goals: https://lifeincrs.com/tax-savings-podcast👉Find out how much your business could save in taxes.TaxSavingsPodcast.com/scorecard 🚀 Book your free demo call today. Click here or visit:https://taxelm.com/demo/Chapters:(01:25) Life Insurance as a Wealth-Building StrategyFor some high-income earners and business owners, life insurance can provide more than financial protection. A properly structured policy may support tax-efficient growth, access to capital, and long-term financial stability.(03:25) The Tax Advantages of Cash Value Life InsurancePolicy contributions are generally made with after-tax money, but the cash value can grow tax-deferred. Beneficiaries may also receive the death benefit free from federal income tax.(05:20) Understanding Policy Costs and CommissionsPermanent life insurance can carry significant upfront commissions and insurance costs. Evaluating those expenses over the policy’s full lifetime provides a more useful comparison than looking only at the first year.(10:10) Accessing Cash Value Through Policy LoansPolicyholders may borrow against their cash value without creating an immediately taxable withdrawal. The remaining cash value can continue earning interest, while unpaid loans generally reduce the eventual death benefit.(15:35) Contribution Limits and Modified Endowment ContractsLife insurance doesn’t have the same annual contribution limits as qualified retirement accounts. However, overfunding a policy can turn it into a modified endowment contract and change how withdrawals are taxed.(19:00) Term, Whole, and Universal Life Insurance ExplainedTerm insurance provides temporary protection without accumulating cash value. Whole and universal life policies offer permanent coverage, with different levels of cash value growth, investment exposure, cost, and flexibility.(22:15) Designing a Policy Around Your Financial GoalsA policy can be designed to prioritize accessible cash value or a larger death benefit. Additional features may include chronic care riders, participating loans, and fixed or net-zero loan options.(25:30) Who Should Consider Cash Value Life Insurance?This strategy may fit profitable business owners who have already established emergency savings and funded their traditional retirement accounts. It generally shouldn’t be someone’s first savings or investment tool.(30:00) Why Life Insurance Is Often MisunderstoodLife insurance is complex and sometimes presented as a solution to every financial problem. Its value depends on whether the policy is properly explained, structured, and integrated into a broader financial plan.(32:10) Reviewing an Existing Life Insurance PolicyA policy audit can reveal whether existing coverage is healthy, appropriately designed, and aligned with the owner’s current goals. Before purchasing or changing a policy, review the numbers and consult a professional who understands multiple financial strategies.Podcast Host:Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings PodcastJoin TaxElm: https://taxelm.com🚀 Visit: https://www.TaxSavingsPodcast.com 🚀 Check Out TaxElm: https://taxelm.com/🚀 Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/🚀 YouTube: www.TaxSavingsTV.com👋🏼 GET IN TOUCHYou can Tweet @MJesowshek with any feedback, ideas, or thoughts about the lessons you've learned from the episodes. We want to thank you personally for tuning in 🙏🙌LEAVE A REVIEWIf you enjoy the podcast, please leave a 5-star review on Apple Podcasts or Spotify—it helps more business owners find the show ⭐
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    36 分
  • How Much Should You Pay Yourself as an S Corp Owner?

    How Much Should You Pay Yourself as an S Corp Owner?
    2026/08/05

    Paying yourself the lowest possible S Corp salary might save taxes today, but it could create a much bigger tax bill later.

    In this episode, Mike explains how to determine a reasonable S Corp salary based on your role, hours, local market wages, business profit, and cash flow. He also breaks down payroll timing, salary adjustments, documentation, and how to protect your S Corp tax savings while staying compliant with IRS rules.

    👉Find out how much your business could save in taxes.

    TaxSavingsPodcast.com/scorecard

    🚀 Book your free demo call today. Click here or visit:
    https://taxelm.com/demo/


    Chapters:

    (01:00) What Is Reasonable Compensation?
    An S Corp owner who actively works in the business must receive a reasonable W-2 salary based on what the business would pay someone else to perform the same work.

    (03:05) The Goal Is a Defensible, Documented Salary
    A reasonable salary shouldn’t be unnecessarily high or aggressively low. It should be supported by a clear process and adjusted as the business changes.

    (04:05) Factors That Determine an S Corp Salary
    The owner’s responsibilities, hours, industry, location, role in generating revenue, company profit, cash flow, and stage of growth all affect reasonable compensation.

    (05:40) The Percentage Method and 40/60 Split
    Using 40% to 50% of business profit as salary can provide a starting point, but a percentage alone doesn’t replace a complete reasonable compensation analysis.

    (07:00) Using Market Wages and Replacement Cost
    Breaking the owner’s work into technical, sales, marketing, and administrative duties can help calculate a salary using local market rates for each role.

    (10:05) Comparing Salary to Business Profit
    Reasonable compensation must also make sense in relation to the company’s profit, the owner’s involvement, available cash flow, and whether money is being distributed or reinvested.

    (11:05) How Often Should an S Corp Owner Run Payroll?
    Monthly or biweekly payroll is generally recommended, with a review later in the year to make any necessary adjustments or catch-up payments.

    (13:15) How to Document Reasonable Compensation
    Keep a written salary analysis, description of duties, estimated hours, market-wage data, payroll records, profit information, and year-end review notes.

    (15:05) Two Businesses With Very Different Salaries
    A real-world example shows why two owners with identical business profits can reasonably receive drastically different salaries based on their actual involvement.

    (16:35) Protecting Your S Corp Tax Savings
    The strongest S Corp strategy uses a salary that is reasonable, defensible, and documented instead of simply chasing the lowest possible number.


    Podcast Host:

    Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
    Join TaxElm: https://taxelm.com

    🚀 Visit: https://www.TaxSavingsPodcast.com

    🚀 Check Out TaxElm: https://taxelm.com/

    🚀 Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/

    🚀 YouTube: www.TaxSavingsTV.com


    👋🏼 GET IN TOUCH
    You can Tweet @MJesowshek with any feedback, ideas, or thoughts about the lessons you've learned from the episodes. We want to thank you personally for tuning in 🙏


    🙌LEAVE A REVIEW
    If you enjoy the podcast, please leave a 5-star review on Apple Podcasts or Spotify—it helps more business owners find the show ⭐


    🎙 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.
    続きを読む 一部表示
    18 分
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