On this episode Mike Jesowshek, CPA talks about 1099s and why they are so important to you as a business owner. 1) What Is the One Thing I Need to Make Sure I Know About 1099s? 2) When Do I Need to File a 1099-NEC? 3) What is the Typical 1099-NEC Process? 4) When Does the 1099-NEC Need to Be Filed By? 5) What Are the Penalties for Not Filing a 1099-NEC? 6) W ... Show More
Aug 28
MASTERCLASS: How to Cut Your Tax Bill by $15,000 or More
Discover how you can save over 5 figures in taxes with my 3-step tax shift system in my upcoming masterclass on September 1st at 7PM ESTJoin here: https://taxsavingspodcast.com/masterclass/If your business earns between $50,000 and $750,000 in annual profit, you're probably payin ... Show More
2m 28s
Aug 19
Tax Q&A: Can I Deduct My Dog, Claim My Kitchen as a Home Office, and Ignore Venmo Income?
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 questi ... Show More
22m 38s
May 2024
528: The Small Business Owner’s Guide to Taxes, LLCs, Deductions, & Audit Risks
Starting your first or next business? This episode is for you. Today, we’re bringing you everything you need to know about small business taxes for beginners. Whether you’re a solo entrepreneur, partner, landlord, house flipper, Airbnb host, or something in between, you MUST know ... Show More
52m 46s
Dec 2023
166: Understanding The W9 Form Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Business Owner, Or Self-Employed
<p>The W9 form is an important form, and more than likely, you’ve either had a request for this form, or you yourself may be requesting them from your vendors. This form is used to collect information about others, but knowing in advance that you need to request this information ... Show More
20m 11s
Oct 2023
Ep. 15 - S-Corp Status for Your Business
If you have your own business and earn over $50k, you'll want to listen to this episode. Electing an S-Corp tax status for your LLC might save you thousands in taxes. Michelle Moses, CFP® and Jared Van Arsdale, CPA discuss the complexities and benefits of electing an S-Corp statu ... Show More
31m 4s
Jan 2024
174: Tips For Tax Preparation Whether You Are Starting A Business Or Side Hustle, A Solopreneur, Entrepreneur, Mompreneur, Freelancer, Bookkeeper, Virtual Assistant, Business Owner, Or Self-Employed
<p>As a business owner, it is important to stay ahead of the curve when it comes to tax preparation. You want to make sure that you are ready for any unexpected decrease in expenses or increases in income so that you don't have any surprises when it comes time to pay your taxes. ... Show More
19m 36s
Mar 2024
Tax Strategies for Entrepreneurs: A Guide with Shmulie Munitz
Tax Tips for Business Owners: A Simple Guide I host a podcast about starting and running businesses. Recently, I talked with Shmulie Munitz, a top tax advisor, about making taxes easier for entrepreneurs. Here's a summary of what we learned. For many business owners, taxes feel c ... Show More
20m 44s