The Small Business Tax Savings Podcast is designed specifically for small business owners. We focus specifically on tax savings and ways to have a financially sounds back bone to your small business. Hosted by the JETRO and Associates team led by Mike Jesowshek, CPA. This is a quick hitting podcast … read more
On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss advanced retirement options for high income earners.
1) What Is A …
On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss the Safe Harbor and QACA Safe Harbor 401k.
1) What Is A Safe Harbor …
On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we discuss the Traditional 401k.
1) What Is a Traditional 401k and What Do I …
On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we …
On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to continue our series on retirement plan options. On this episode we …
On this episode Mike Jesowshek, CPA has special guest Matt Ruttenberg on to start a series that we are doing on retirement plan options.
1) What Is Your Goal With a Retirement Plan?
2) What Retirement Plan Options Are …
On this episode Mike Jesowshek, CPA has special guest Danny Wright on to talk about what you need to know about sales tax..
1) What Is Sales Tax Nexus?
2) Is My Product or Service Subject to Sales Tax?
3) When It Comes …
On this episode Mike Jesowshek, CPA talks about how you can make this tax season stress free and some of the important due dates for 2020.
1) Action Steps For Your Business Tax Return
2) Action Steps For Your Personal …
On this episode Mike Jesowshek, CPA talks about the new COVID relief bill and what you need to know. Here is what is discussed today:
1) What Is Included In the COVID Relief Bill for Individuals?
2) What Is Included In …
On this episode Mike Jesowshek, CPA shares an appearance he had on The One Big Tip Podcast by Jeff Mendelson. Here are the show notes from that episode:
When Mike stepped out of his marketing job and into the new realm …
On this episode Mike Jesowshek, CPA talks about purchasing, deducting, and depreciation a business vehicle. Here is what is discussed today:
1) What Options are Available for Vehicle Deductions?
2) What Do I Need To …
On this episode Mike Jesowshek, CPA talks about self employed health insurance and what you need to do to ensure you get a full deduction. He also …
On this episode Mike Jesowshek, CPA talks about strategies you can implement before year-end to minimize your taxes. Here is what is discussed today:
1) Prepay Expenses Using the IRS Safe Harbor
2) Stop Billing …
On this episode Mike Jesowshek, CPA talks about what an accountable plan is and how it can be beneficial in your business. Here is what is discussed today:
1) What is an Accountable Plan?
2) Why Is It Important To Have …
On this episode Mike Jesowshek, CPA talks about PPP Forgiveness and the tax treatment along with tax treatment on the EIDL advance. Here is what is discussed today:
1) Paycheck Protection Program (PPP) Forgiveness
2) …
On this episode Mike Jesowshek, CPA talks about 1099s and this new 1099-NEC form and what you need to know. Here is what is discussed today:
1) What is Form 1099?
2) What is a 1099-MISC vs 1099-NEC?
3) When Do I Need …
On this episode Mike Jesowshek, CPA has special guest Liz Briggson from Adamy Valuation on to discuss how you go about valuing your business and …
On this episode Mike Jesowshek, CPA invites a few JETRO bookkeepers on for a panel discussion to wrap up the "All About Bookkeeping" series. If you …
On this episode Mike Jesowshek, CPA finishes our "All About Bookkeeping" series. If you missed the first seven episodes, check those out. Here is …
On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first six episodes, check those out. Here is what is discussed today:
1. What Is a Statement of Cash Flows?
2. What …
On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first five episodes, check those out. Here is what is discussed today:
1. What Is a Balance Sheet Recap?
2. What Are …
On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first three episodes, check those out. Here is what is discussed today:
1. What Is a Income Statement (also known as …
On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first three episodes, check those out. Here is what is discussed today:
1. What Is a Income Statement (also known as …
On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first two check those out. Here is what is discussed today:
1. What Is Cash Basis Accounting/Bookkeeping?
2. What Is …
On this episode Mike Jesowshek, CPA continues our "All About Bookkeeping" series. If you missed the first one check that out. Here is what is discussed today:
1. What Are Debits vs Credits?
2. What Is a Chart of …
On this episode Mike Jesowshek, CPA kicks off our "All About Bookkeeping" series with a important topic, what is bookkeeping and why do you need it. Topics discussed include:
1. What Is Bookkeeping? Simplified …
On this episode Mike Jesowshek, CPA talks wraps up the S Corporation series with a nice summary of the prior 6 episodes.
Here are the topics covered in the prior episodes and summarized here.
1. What Is a Pass Through …
On this episode Mike Jesowshek, CPA talks about what you need to know now that you are setup as an S Corp, specifically discussion S Corporation …
On this episode Mike Jesowshek, CPA talks about what a reasonable compensation is for an S Corporation owner is an how you can go about trying to …
On this episode Mike Jesowshek, CPA talks about what the requirements are for an S Corporation and how you can go about electing S Corp status in …
On this episode Mike Jesowshek, CPA talks about what an S Corporation is and why you may want to elect to be taxed as one. This is one episode in a …
On this episode Mike Jesowshek, CPA talks about what a sole proprietorship and an LLC is and how that is different form an S Corporation. This is …
On this episode Mike Jesowshek, CPA talks about pass through entities. What are they are what does it mean?
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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On this episode Mike Jesowshek, CPA talks about how to structure your business if you have multiple owners. He walks through two main options that …
On this episode Mike Jesowshek, CPA talks about company retreats for your employees or clients. This is a great opportunity to connect on another level with your team.
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Podcast Host: Mike Jesowshek, CPA - …
On this episode Mike Jesowshek, CPA talks about the Paycheck Protection Program (PPP) forgiveness details. With all of the changes that have been occurring this an overall update and summary to where we are today.
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On this episode Mike Jesowshek, CPA talks about the importance of tax planning for business owners and the difference between tax preparation and filing and tax planning. As a business owner, tax planning is necessary …
On this episode Mike Jesowshek, CPA talks about banking options, whther that is using a big bank, small bank or even a new digital bank. He also talks about the PPP bill that was passed and is now law to ease the …
On this episode Mike Jesowshek, CPA talks about the bill that was passed by the House related to the PPP, a free tool to help with the PPP loan …
On this episode Mike Jesowshek, CPA talks about the top 4 bookkeeping rules that you need to follow as a business owner.
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Podcast Host: Mike …
On this episode Mike Jesowshek, CPA talks about the paycheck protection program, specifically about PPP loan certification clarification, PPP loan taxability, and PPP loan forgiveness application.
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On this episode Mike Jesowshek, CPA talks about new tax deadlines and extension requirements due to the Coronavirus. He also discussed student loan payments made by the employer and how they are not taxable to the …
On this episode Mike Jesowshek, CPA introduces our new FREE Bookkeeping Training Program all inclusive with templates, video training, etc. He also talks about giving back to the community and a thank you to both …
On this episode Mike Jesowshek, CPA talks about the forgiveness piece of the Paycheck Protection Program (PPP). He is also talks about the certification item that was made when applying for the PPP.
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On this episode Mike Jesowshek, CPA talks about the employee retention tax credit (ERTC) COVID-19 relief option. We've talked heavily about EIDL and PPP but what about ERTC? Don't you love all the acronyms?
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On this episode Mike Jesowshek, CPA talks about the COVID-19 relief options available to business owners and individuals. Topics include: Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), SBA …
On this episode I talked about the part of the CARES act as it relates to the checks to Americans, charitable contributions in 2020 and the ability of net operating loss carry-back.
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Podcast Host: Mike …
On this episode we give an update on the Paycheck Protection Program (PPP) and talk about the options available to you as a business owner.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
In this episode Mike Jesowshek, CPA talks about two Coronavirus COVID-19 government loan options. 1) Economic Injury Disaster Loan (EIDL) and 2) Paycheck Protection Program (PPP).
NOTE: UPDATE TO PPP PROGRAM AFTER …
In this episode Mike Jesowshek, CPA talks about the importance of planning during this difficult time. Start putting together good, bad, and ugly …
In this episode Mike Jesowshek, CPA talks about the Coronavirus and how it may be impacting your business. This is time as a business owner to step up, be that leader, embrace the tough situation and take what is given …
In this episode Mike Jesowshek, CPA talks with Kelly Coughlin from the Tax Resolution Help Center. This is a great intro to tax resolution and …
In this episode Mike Jesowshek, CPA talks about the upcoming 2019 tax due date deadlines along with some changes for 2020.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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JETRO …
In this episode Mike Jesowshek, CPA talks about the various types of income and how they are taxed.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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Podcast Website: …
In this episode Mike Jesowshek, CPA talks with Alex Sonkin regarding high end tax strategies and JETRO's partnership with his program.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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In this episode Mike Jesowshek, CPA talks about per diems and how they relate to your employees, not the business owner.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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In this episode Mike Jesowshek, CPA talks about per diems and how they work for business owners.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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Podcast Website: …
In this episode Mike Jesowshek, CPA talks about charitable contributions and whether you should make them personally or through a business. He also …
In this episode Mike Jesowshek, CPA talks about what happens if you were suppose to send a 1099 to a contract but did not.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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In this episode Mike Jesowshek, CPA answers a listeners question about how they can have an empty bank account but still show a profit.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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Sales Tax - What do I need to know? - In this episode Mike Jesowshek, CPA has special guest Dan Petry on from Avalara to give an initial overview of what small business owners need to know about sales tax.
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Podcast Changes and Tax Due Dates - In this episode Mike Jesowshek, CPA introduces some changes to the Podcast and discusses tax due dates as we enter tax season.
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Podcast Host: Mike Jesowshek, CPA - Founder of …
In this episode Mike Jesowshek, CPA reflects on 2019 and gives some insights on great changes coming to the podcast in 2020!
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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Gather W9s and Make Tax Season Stress Free - In this episode Mike Jesowshek, CPA and Lisa Ransom, CPA talk about getting W9s from contractors paid over $600 throughout the year and tips on how to make this tax season an …
Self Employed Health Insurance and Reasonable Salary Before Year-End - In this episode Mike Jesowshek, CPA and Lisa Ransom, CPA talk about running a reasonable compensation for S Corp owners as well as the correct …
Last Minute Year-End Tax Strategies - In this episode Mike Jesowshek, CPA and Lisa Ransom, CPA talked about last minute year-end tax strategies. They discuss prepaying expenses, stopping billing and pushing it to next …
Business Banking Reimagined (w/ Special Guest Yoseph West) - Digital banking, what's that? This week I sat down with Yoseph West from Relay and talked about a new way to do banking. We encourage our clients to modernize …
Marriage, Kids, and Family Tax Strategies Before Year-End - In this episode Mike Jesowshek, CPA talks about hiring your kids, how getting married or divorce can impact you before year-end, and how to make use of the 0 …
Backdoor Roth IRA and Retirement Options Before Year-End - In this episode Mike Jesowshek, CPA talks about setting up a Solo 401k before year-end as …
In this episode Mike Jesowshek, CPA talks about purchasing vehicles before year-end and how the tax deduction works for that.
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Podcast Host: Mike Jesowshek, CPA - Founder of JETRO (www.JETROtax.com)
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Financing Small Businesses and Franchises (w/ Special Guest Paul Bosley) - In this episode Mike Jesowshek, CPA talks with Paul Bosley about financing …
Deducting Travel For Business - In this episode Mike Jesowshek, CPA talks about deducting travel as a business expense and how you have the ability to turn almost any trip into a business trip and even your personal …
Preparing Your Bookkeeping for Year-End In this episode Mike Jesowshek, CPA talks about things you can and should be doing now to make sure your …
Marketing in the Digital Era (w/ Special Guests Jeff Van Kampen and Nick Urso) - In this episode Mike Jesowshek, CPA has special guests Jeff Van Kampen and Nick Urso on to discuss digital marketing in the digital era. …
Expensing Items Under $2,500 (Safe Harbor Method) - In this episode Mike Jesowshek, CPA talks about the safe harbor method and how you are able to expense all items under $2,500 without having to deal with …
Accountable Plan Importance (Expense Reimbursement) - In this episode Mike Jesowshek, CPA talks about the importance of setting up an accountable plan and key things you need to consider. The last thing you want is a …
Home Office Deduction for S Corporations - In this episode Mike Jesowshek, CPA talks about the ability to claim the home office deduction as an S Corporation owner even though there is no specific line item for it, like …
In this episode I share a part of my interview with Brian Kelly on The Mind Body Business Show. We discuss daily routines, success, failures, team …
In this episode Mike Jesowshek, CPA talks about quarterly estimated taxes for business owners. Who need to make them, when you need to make them and …
In this episode Mike Jesowshek, CPA has Fred Varin and Jackie Brajner on from Topline Results to discuss CRM and Digital Marketing for small …
In this episode Mike Jesowshek, CPA talks about how the Tax Cuts and Jobs Act removed the “directly related and associated with” requirements from business meals and why this matters to your business.
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In this episode Mike Jesowshek, CPA talks about an article he read and the differences between habits and goals and how you can actually use habits to attain even your wildest goals.
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Podcast Host: Mike …
On this episode we talk about how commingling personal and business items can be damaging to your business.
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Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
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Podcast Website: …
On this episode we have a special guest, Paul Moore, on to discuss tax savings that available for real estate investors. This is a followup and …
On this episode we talk about how being organized as a sole proprietorship or partnership you are not allowed to treat yourself, as an owner, as a W2 …
On this episode we talk about tax strategies to hiring your children within your business. Rather than helping support your children with your …
On this episode we have a special guest, Bill Moeller, on to discuss mortgages and how it effects those that are self employed. In our firm we hear more and more business owners worried about getting a loan while …
On this episode we talk about some of the tax changes for 2019. I know it feels like we just left tax season but it is time to start thinking about 2019 now that we are half way through the year.
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On this episode we talk about Xerocon 2019 in San Diego. We also discuss our free bookkeeping training program for those small or startup businesses.
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Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
On this episode we have a special guest, Eric Rosenberg, on to discuss turning a side hustle into a business.
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Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
Special Guest: Eric Rosenberg
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On this episode we talk about time tracking for not only hourly employees but as well as job costing and performance. We talked about a software called TSheets which is actually what we use in our firm.
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On this episode we talk about modern day payroll and how technology has made this pesky task so much easier and cost effective.
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On this episode we have a special guest, Kimberly Massey, on to discuss obtaining business credit and alternative funding.
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Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
Special Guest: Kimberly …
On this episode we discuss retirement options for business owners with employees. We talk about both a SIMPLE IRA and 401(k) including the characteristics of each and which one might make sense for you.
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On this episode we discuss retirement options for business owner with zero or few employees. We talk about both a SEP IRA and Solo 401(k) including …
On this episode we have a special guest, Lane Kawaoka, on to discuss passive investing using real estate. Great information is shared if you are …
On this episode we dig into both Traditional and Roth IRAs and go through the important information on each and compare them side by side.
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Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
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On this episode we go a little different direction and discuss some of the fulfillment you as a business owner can get from giving to those that are …
On this episode we talk about things you can do in your business NOW to avoid accounting and tax stress. Tax season is over and you may be relieved thinking you do not have to worry about that again for another year. If …
On this episode we talk about some last minute tax filing tips. We discuss extensions and payments. Happy almost end to tax season everyone!
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Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
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This episode is different from our normal. We hosted a webinar this week that I believe provides great information for our audience so I wanted to work it into an episode. We touch on: Tax strategies that save small …
In this episode I talk about filing a tax extension for either you or your business or both. The deadline for Multi Member LLCs, Partnerships, and S …
In this episode I talk about the payment methods available to pay for your tax bill. I also talk about options available to you if you are unable to pay your tax bill by the deadline.
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Podcast Host: Mike …
In this episode I talk about the home office deduction. Since home office may be the most misunderstood deduction available I want to break it down for you. You may have been brainwashed to hear the home office is an …
In this episode we talk about the SEP. A Simplified Employee Pensions (“SEPs”) is an IRA that let allows you contribute more than the usual $5,500 IRA limit for yourself and your employees. You can contribute to a SEP …
In this episode we discuss tax law changes and how they relate to you personally. These are changes from the tax bill passed at the end of 2017 that you will start to see now during the 2018 tax filing season.
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In this episode we discuss tax law changes and how they relate to your business. These are changes from the tax bill passed at the end of 2017 that you will start to see now during the 2018 tax filing season.
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Judging your total tax amount based on your refund is wrong. In this episode we will be outlining the tax refund (or amount due) and how that actually correlates to your total tax paid. We will also discuss what numbers …
With cash continuing to be used less frequently, credit card processing is nearly required in businesses of all types. This week we have a special …
Last week we talked about the importance of bookkeeping and this week I want to expand on the software options that are solid and on the market …
You can help alleviate tax anxiety by keeping up with your bookkeeping and reviewing your work on a regular basis. The act of bookkeeping can also …
Owner draws and dividends for pass through entities do not have an effect on your taxable income, your taxable income will strictly be your profit from the business regardless of those personal transactions.
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The Tax Cuts and Jobs Act was passed all the way back in December of 2017. However, 2018 is the first year that you will start to see some of the effects from it. In this episode we do a quick summary of some of the …
Welcome to 2019! In this weeks episode we will be discussing items that you can take care of now, early in tax season, that will leave you fully …
Year-end is here! Get a refresher of some last final minute items you might want to consider for 2018.
Podcast Host: Mike Jesowshek CPA, from JETRO and Associates
To find out more on this topic and many others visit …
As we get closer to year-end you might want to consider a SEP IRA or Solo 401k for your S Corporation. In this episode we will breakdown the …
Guest Hots: This episode will be talking about the basics of life insurance for not only business owners but individuals alike.
Podcast Host: Mike Jesowshek CPA, from JETRO and Associates Guest Hosts: Raymond Chip …
S Corporation officers must be paid a reasonable salary. This salary must be completed by the end of the year so if you are a S-Corp business owner that has not processed a reasonable salary yet or need to make an …
In order to be able to deduct self-employed health insurance you have to be reporting it correctly. This is different for sole proprietors and S …
1099’s ARE VERY IMPORTANT and we want you to be as ready as possible to prepare your 1099’s this year. As you know, any vendor that is a sole …
Deferring income into the new year is a great way to lower taxable income in the current year for cash basis filers. It should be noticed that this …
Accelerating expenses before year-end is a great way to get some cash off of the books and take advantage of a tax deduction for cash basis filers. …
With the new tax law the standard deduction has nearly doubled making the ability to utilize itemized deductions harder. Today we discuss a technique called "bunching" to help take advantage of those itemized …
Mike Jesowshek, CPA at JETRO and Associates discusses small business retirement planning options including both qualified and non-qualified planning. Matthew Schumaker from Principal was a special guest. This is a …
Entertainment expenses may be gone starting in 2018 but the IRS finally released guidance regarding the meals deduction for business owners.
More Info: …
On this podcast Mike Jesowshek CPA, from JETRO and Associates has a friendly reminder for those that haven't filed their 2017 tax returns yet.
Business (S-Corp or Partnership) Extension Deadline: September 17, 2018 …
On this podcast Mike Jesowshek CPA, from JETRO and Associates discusses accounting, bookkeeping, and tax essentials that can save business owners thousands. This is a recording of a previous webinar that was hosted.
To …
On this podcast Mike Jesowshek CPA, from JETRO and Associates discusses how to avoid and bulletproof yourself from an IRS audit..
To find out more on …
On this podcast Derek Kellett CPA, from JETRO and Associates discusses entertainment expenses being disallowed in 2018 and how that may or may not change how business meals are expensed.
To find out more on this topic …
On this podcast Mike Jesowshek CPA, from JETRO and Associates discusses the classification of workers as independent contractors or employees in relation to fitness studios and gyms.
To find out more on this topic and …
On this podcast Derek Kellett CPA, from JETRO and Associates discusses the S Corporation and how it could potentially benefit your business. He also …
On this podcast Derek Kellett CPA, from JETRO and Associates discusses finishing tax season and looking onward to things that can be planned ahead to help your business.
Find out more on this topic and many others at …
On this podcast Mike Jesowshek CPA, from JETRO and Associates discusses sales tax and what may require you to file sales tax in a specific state or locality. Find out more on this topic and many others at …
On this podcast Milwaukee Accountant, Mike Jesowshek CPA, from JETRO and Associates discusses 5 bookkeeping tips that new business owners should …
Overview of JETRO and Associates and how we do accounting a little bit different from our competition. We specialize in serving only small business …
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