Mastering Remote Team Success: Strategies for Effective Hiring and Management
This is part of a guest post from one of our preferred payroll vendors, Cirrus Payroll. Hiring For Success: How Cirrus Payroll CEO, Tyler Winn Manages A Remote Team As remote work gains momentum across every industry, effective team management requires a blend of trust, strategic hiring, and robust systems. We had the opportunity to sit […]
What Is Depreciation for My Business? When Does a Capitalization Policy Make Sense?
Depreciation… one word that can make a business owner (and even many accountants) cringe. However, understanding it and how to implement it correctly in your business can make a big impact. That is exactly what I will be talking about here. What Is Depreciation? At a very basic level, depreciation is simply the process of spreading […]
Listener Q&A with Mike Jesowshek CPA (6/12/2024)
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast to […]
Understanding the Qualified Business Income Deduction for Small Business Owners
The Qualified Business Income (QBI) deduction, also known as the Section 199A deduction, introduced by the Tax Cuts and Jobs Act (TCJA) in 2017, has been a significant tool for small business owners, including sole proprietors, partnerships, S corporations, and some trusts and estates. As we look towards 2024 and beyond, it’s crucial for small business owners to […]
Can Small Business Owners Write Off Gym Memberships on Taxes?
As a small business owner, you’re always looking for ways to maximize your tax deductions. One question that often arises is whether gym memberships can be written off on taxes. The answer isn’t straightforward and hinges on several IRS guidelines and the specific circumstances under which the expense is incurred. Understanding the General Rule The […]
Unlocking the Secrets of Meal Expense Deductions for Small Businesses
As a small business owner, understanding how to fully leverage tax deductions can significantly reduce your taxable income and enhance your financial efficiency. One of the most practical yet often underutilized deductions is for business-related meal expenses. Here’s a comprehensive guide to help you maximize this deduction while staying compliant with IRS regulations. If you […]
Top Small Business Tax Deductions: How to MAXIMIZE Savings
Maximizing Deductions… This is one of my favorite topics to discuss with business owners. The fact is, business owners for far too long have been told that in order to lower their taxes they need to go out and buy things. “Go buy a truck” (that you don’t need), “go buy a new TV” (that […]
What Retirement Plan Options Are Available For My Business in 2024?
When it comes to retirement planning for small business owners there are a lot of options available which can be confusing. There is no one strategy that is perfect for everyone so our goal here is to give you an overview of what’s available to help you make a decision on what you may want […]
Listener Q&A with Mike Jesowshek CPA (4/17/2024)
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now! Go to www.TaxSavingsPodcsat.com Click Podcast Scroll to the Bottom and Submit Your Question You never know, your question may be on the next Q&A session. Below are today’s questions, tune into our Podcast to […]
Strategic Business Structuring: Navigating Multiple Ventures and Partnership Success
Lets be honest, entrepreneurs are always thinking about new ideas. This is why you often see successful business owners have many different businesses often times even in completely different industries. A question that comes up often in our Free Facebook Group stems around this idea of how to structure your business when you have multiple businesses or […]