Are you a small business owner looking to save money on taxes? On this episode of the Small Business Tax Savings Podcast, Mike discusses strategies available to those who missed out on tax planning before year-end, and how to still optimize your tax return even after the end of the year.
Mike Jesowshek explains how contributions to Traditional IRAs, Health Savings Accounts (HAS), Coverdell IRAs, SEP IRAs, Solo 401Ks, Profit Sharing Plans, Home Office deductions, and other business strategies should be completed by either the filing date or by April 18th whichever is earlier.
This conversation reviews items such as automobile expenses and deductions related to spend that can be taken advantage of if not already done so. This is an invaluable resource for small business owners who want to ensure they are paying the least amount of taxes legally possible.
Tune in now and don’t miss the opportunity for tax savings!
[00:01] Tax Strategies To Lower Tax Bill After Year End
[04:51] Maximize Your Retirement And Business Tax Strategies Before Year End
[09:42 ] Utilizing Available Strategies For Business Tax Savings
[12:59] Closing Segment
“Don't be afraid to take a valid home office deduction. Don't be afraid of it. It is a completely legal deduction and we highly recommend, that every business owner take advantage of it as long as you're doing it the right way.” – Mike Jesowshek
Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
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