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Small Business Tax Savings Podcast
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
Episodes
396 episodes
How Often Should S Corp Owners Run Payroll | Payroll Timing 101
When should you pay yourself? Paying yourself on the wrong payroll schedule can create IRS red flags, cash flow crunches, and painful cleanup later.In this episode, we break down monthly, quarterly, and annual payroll for S Co...
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Episode 395
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17:47
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How to Pay Yourself as an LLC Owner in 2026
Paying yourself wrong can trigger IRS issues, messy books, and unexpected tax bills. In this episode, we break down exactly how LLC owners should pay themselves in 2026 based on their entity type and tax election.You’ll learn...
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Episode 394
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12:13
The 10 LLC Mistakes That Can Destroy Your Business
You formed your LLC. Good job.But many business owners unknowingly make critical mistakes after formation that quietly destroy liability protection, trigger audits, and limit growth.In this episode, Mike walks through the ...
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Episode 393
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15:22
How to Set Up an LLC in 2026 for Free (Step by Step)
Thinking about forming an LLC in 2026? In this episode, Mike breaks down how to set up an LLC step by step, what “free” really means, state filing costs, common mistakes to avoid, and why an LLC can act as an insurance policy for future S Corp ...
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10:28
Welcome to 2026: Make These 4 Financial Moves Right Now
If you are already behind on your taxes in January, there are four tax tasks you cannot skip.In this episode, we break down the four financial tasks every business owner needs to complete in January to start 2026 clean and organized. Mik...
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Episode 391
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15:13
The 1099 Rules Every Small Business Owner Needs to Know Before January 31
Are you still guessing when it comes to 1099s? Most business owners are. And every January, that confusion turns into stress, penalties, and last-minute cleanup that could have been avoided.In this episode, Mike Jesowshek breaks down eve...
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Episode 390
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17:14
Merry Christmas and Thank You for Listening!
Happy Holidays, and thank you. This episode is a personal thank-you to the Small Business Tax Savings Podcast community. We reflect on nearly eight years of the show, including over 400 episodes and more than 1.5 million downloads. At the...
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4:47
The Biggest Tax Planning Mistakes Business Owners Will Regret in 2026 with Mark J. Kohler
Do you really have your tax planning handled? The thing is, many business owners are making a critical mistake that will become even more expensive by 2026.In this episode, Mike Jesowshek, CPA, sits down with Mark J. Kohler to expose the...
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22:24
Q&A | LLC or Not, Home Office vs Augusta Rule, and Hiring Kids the Right Way
If you’re a new business owner, you've probably wondered if you are doing any of this correctly.Should you get an LLC? Do you file a Schedule C? Can you hire your kids? Does a home office hurt you when you sell your house?In this ...
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22:13
Year-End Tax Strategies Every Business Owner MUST Do Before December 31
Year-end is the last chance to lock in major tax savings for your business.In this episode, Mike walks through the exact steps business owners need to take now, from S Corp requirements and accountable plans to AGI phaseouts, QBI plannin...
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26:40
Write It Off Now. Depreciation, Capitalization Policy, and the 100% Bonus Rule
What if you could buy a computer, a machine, or new equipment and deduct the entire cost in the first year instead of waiting 5, 10, or even 30 years? Thanks to major updates in the One Big Beautiful Bill, you can now take a full write-off upfr...
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20:51
He Makes $300K+ with an S-Corp… But Paid Way Too Much in Taxes! Live Tax Audit
Most S Corp owners follow the right steps, but still pay more tax than they should. A business earning over 300K can lose thousands simply by underusing core strategies.In this live case study, Mike Jesowshek, CPA, reviews a seven-figure...
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Episode 384
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42:50
How to Hire Your Kids and Save $12,000 in Taxes (Legally)
What if you could pay your kids a salary, take a business deduction, and teach them real financial skills at the same time? In this episode, Mike Jesowshek, CPA, explains how to legally hire your children in your business, what the IRS actually...
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17:03
Rent Your Home to Your Business Tax-Free | Augusta Rule 101
If you’ve ever wanted to move money from your business to yourself without paying extra tax, this episode is for you.In this episode, you’ll learn how the Augusta Rule, also called the 14-Day Home Rental Rule, lets business owners rent t...
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14:00
How to Reimburse Yourself Tax-Free (The Accountable Plan Explained)
If you’ve ever paid for business expenses out of pocket, like your phone bill, internet, or home office, and wondered if you can get reimbursed without paying more tax, this episode is for you.In this episode, you’ll learn how an Account...
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Episode 381
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14:55
Turn Medical Bills Into Tax Deductions (4 Ways to Deduct Health Costs)
A single medical bill can wipe out your profits. But health expenses don’t have to drain your cash flow. In this episode, you’ll learn three powerful ways to turn your medical costs into legitimate tax deductions. From self-employed...
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Episode 380
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17:26
Why Every Family Needs a Trust & LLC (Not Just the Rich)
Trusts aren’t just for the rich. Every family can benefit from one. A revocable living trust can simplify estate planning, avoid probate, and create a foundation for generational wealth.In this episode, Mike Jesowshek, CPA, sits down wit...
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30:35
Advanced Tax Strategies the Ultra-Wealthy Use (and How You Can Too)
If you earn over $250,000 or plan to sell a highly appreciated asset, this episode could save you hundreds of thousands in taxes. Most business owners stop at basic deductions and retirement plans, but the wealthy use strategies that go far bey...
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17:21
Turn Everyday Expenses Into Deductions (Max Out Your Tax Savings)
Are you spending money the wrong way? Every dollar is either pre-tax or after-tax money. Knowing the difference is the key to thousands in tax savings.In this episode, we cover how to turn everyday expenses into business deductions. From...
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19:06
Live Case Study: How We Cut $20K+ Off His Tax Bill (Step by Step)
What happens when you take a real small business owner, put them in the hot seat, and break down their tax strategy live? That’s what we’re doing in this episode.Eric runs a successful appraisal business, pays himself through an S-Corp,...
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44:22
Auto Deductions Explained: The 2025 Tax Rules You Need to Know
Most business owners are driving right past thousands in tax savings without realizing it. In 2025, the IRS raised the standard mileage rate to 70 cents per mile, but that’s only the beginning.In this episode, Mike breaks down exactly ho...
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22:34
The Home Office Deduction Explained: How to Save Up to $1,500 a Year
Do you have a home office? The desk you’re sitting at could save you up to $1,500 a year in taxes.Many business owners skip this deduction because they think they don’t qualify or fear an IRS audit. The truth is, most do qualify. One cli...
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22:27
Sell Your Company with $0 Taxes? QSBS Explained
Some entrepreneurs sell their companies and walk away with zero federal taxes. How? This is thanks to a strategy called QSBS.In this episode, tax strategist Alessandro of Get Dynasty breaks down Qualified Small Bus...
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32:18
Independent Contractor or Employee? Hiring Mistakes That Trigger an IRS Audit
Misclassifying workers is one of the biggest mistakes a business owner can make. It might seem cheaper to pay someone as a 1099 contractor, but if the IRS says they should be a W-2 employee, you’re looking at back taxes, penalties, and possible...
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22:35
Why the Wealthy Use Oil & Gas Investments to Cut Six Figures Off Their Taxes
Most tax strategies give you either a write-off or long-term growth. Oil and gas gives you both. With IRS Code 263(c), you get massive upfront deductions and steady tax-advantaged cash flow.In this episode, Mike and Nick from US Energy u...
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26:53