Tag Archives: tax

For whatever reason there is a lot of confusion among business owners around the home office. From what I understand, accountants often times tell business owners that the home office is an IRS red flag and to avoid it. We are going to set the record straight here and explain what the home office deduction isContinueContinue reading “How Does the Home Office Deduction Work?”

As a small business owner or a tax professional tasked with their compliance process, you are likely used to dealing with a curveball or two thrown your way. For the 2024 calendar year, this curveball is Beneficial Ownership Information (BOI) reporting. Starting January 1, 2024, the Corporate Transparency Act (CTA) requires many small businesses toContinueContinue reading “What Is Beneficial Ownership Information (BOI) Reporting and Why Is It Important?”

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 toContinueContinue reading “Listener Q&A with Mike Jesowshek CPA (8/14/2024)”

The Work Opportunity Tax Credit (WOTC) is a valuable tax incentive for small business owners who hire individuals from certain targeted groups that face significant barriers to employment. This federal tax credit is designed to encourage workplace diversity and provide access to good jobs for eligible workers. In this blog post, we will explore theContinueContinue reading “The Work Opportunity Tax Credit Pays You 40% of Wages!”