Sales Tax Simplified: 3 Key Questions to Unravel Your Small Business Tax Obligations
Sales Tax – Those two words may have just given you anxiety. There are three critical components and questions to ask when it comes to sales tax. Do you have nexus? Is what you sell or provide taxable? How do you sell your product or service? Getting your clients compliant with every state sales tax law is […]
Sales Tax Simplified: 3 Key Questions to Unravel Your Small Business Tax Obligations
Sales Tax – Those two words may have just given you anxiety. There are three critical components and questions to ask when it comes to sales tax. Do you have nexus? Is what you sell or provide taxable? How do you sell your product or service? Getting your clients compliant with every state sales tax law […]
Decoding The Tax Puzzle: Understanding Married Filing Separately
Married couples have the option to file their taxes jointly or separately. While the majority of couples choose to file jointly, there are circumstances where filing separately may be beneficial. However, this decision should not be taken lightly as it can have significant implications on your tax liability. This article will delve into the reasons […]
Planning Ahead: The Undeniable Importance of Tax Planning Over Preparation for Business Owners
For many entrepreneurs, taxes constitute a challenging and often intimidating subject. While the majority tend to focus on tax preparation – the process of compiling and submitting tax returns – an approach that can have a much more profound impact on your business’s financial health is tax planning. Tax planning is a proactive strategy aimed […]
Navigating 2024: Essential IRS Updates and Tips for Small Businesses on E-Filing Thresholds and 1099-K Reporting
The new year is here, and for small business owners tasked with year-end 1099 reporting to the IRS, it signals a wave of IRS updates and filing deadlines. This article examines the latest IRS updates affecting small businesses, shedding light on the new e-filing thresholds for 2024 and providing clarity on the IRS stance regarding […]
Conquer Tax Season 2024: Your Essential Prep Guide for 2023 Returns & Crucial Deadlines Every Business Owner Must Know
Happy New Year! Welcome to tax season. Sorry to bring you down right away with tax season information but my hope here is to actually provide you tools and ideas to make this tax season stress free. We are going to go through some things you can do early here in 2024 to make this tax […]
Listener Q&A with Mike Jesowshek CPA (12/13/2023)
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 […]
What Year-End Tax Strategies Are Available to Business Owners?
Before you know it 12/31/24 will be gone and we will be onto 2025. One thing we talk about often is that once the clocks turns to 1/1 a vast majority of tax strategies are no longer available. Today we are going to go through some of the top strategies you want to be thinking […]
The Untold Benefits of Hiring Your Kids in Your Business
Hiring your kids is one of the top kept tax saving secrets. Now when we start this conversation with clients a lot of people cringe and think this is something that the IRS surely would not allow. However, that is not the case. This is actually discussed directly in the tax code. However, it must […]
The Untold Benefits of Hiring Your Kids in Your Business
Hiring your kids is one of the top kept tax saving secrets. Now when we start this conversation with clients a lot of people cringe and think this is something that the IRS surely would not allow. However, that is not the case. This is actually discussed directly in the tax code. However, it must […]