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
Oct 28
Your Tax Questions, Answered: S Corps, Deductions & Common Mistakes
Can you deduct your home office if you rent? When does switching to an S Corp make sense? And what happens if you've made a mistake with your retirement contributions?In this listener Q&A episode, Mike Jesowshek, CPA, answers common tax questions from small business owners and ex ... Show More
31m 28s
Oct 21
How to Hire Your Family and Save on Taxes in 2026
The money you're already spending on your family could help lower your business tax billIf your family members perform legitimate work for your business, you may be able to turn some of that spending into tax-deductible wages.In this episode, Mike Jesowshek, CPA, explains how hir ... Show More
34m 50s
Oct 14
How to Deduct Your Medical Bills Through Your Business (Section 105 Plan Explained)
Stop paying your medical bills with after-tax dollars You’re already paying for deductibles, prescriptions and co-pays. With the right setup, your business could pay you back for them, tax-free.In this episode, Mike Jesowshek, CPA, explains how a medical expense reimbursement pla ... Show More
23 m
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