What are the different tax deductions for small businesses? In this episode of the Small Business Tax Savings Podcast, Mike explains that certain expenses are tax deductible if they are ordinary and necessary for the business and have proper documentation to support them.
Mike Jesowshek shares his insights into how businesses can claim this expense as a deductible item on their taxes.
Mike covers various questions related to business expenses, S-Corp election, payroll, and documentation needed for paying a child in the business. Mike offers advice to Matt who needs help buying a new house with more office space since he runs his business from home.
Tune in now and find out how you can save money on your taxes while growing your small business!
00:00 Understanding Estimated Taxes
03:37 Tax Credits Available For Small Business Retirement Plans
10:46 Closing Segment
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Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast
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