Q&A: Can I Deduct That? From Mileage to Meals, Your Tax Questions Answered

Small Business Tax Savings Podcast

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8d ago 27:01

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Got a question about taxes, business expenses, or running your LLC? You’re not alone.
In this Q&A episode, Mike tackles common questions from real business owners — covering topics like closing a business, low-income LLCs, vetting tax pros, and how to treat certain deductions.

Whether you’re just starting out or already scaling, these answers can save you time, money, and legal headaches.

🚀 Book your free demo call today! Click here or visit: https://taxelm.com/demo/

Chapters:

(01:07) Should I Close My LLC or Just Repurpose It?
Mike explains when to shut down your LLC vs. when to reuse it for another business.

(04:18) Is It Bad If My LLC Made Less Than $3K?
Low income doesn’t mean you’re in trouble — but watch out for hobby loss rules.

(06:22) How to Vet a Tax Strategist (Beyond TikTok Tips)
Not all flashy advice is safe. Here’s how to find a real expert who won't put you at IRS risk.

(09:48) Do I Still Need to Pay Estimated Taxes?
Mike explains the IRS “safe harbor” rule and how to avoid penalties — even if you expect a refund.

(18:58) Should I Track Mileage If I Use the Actual Method?
Yes! Even without the standard mileage deduction, the IRS still expects a log.

(21:46) Can I Deduct Clothing With My Logo On It?
Branded gear might be deductible — but there’s a right (and wrong) way to do it.

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
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🎙 ABOUT THE PODCAST
The Small Business Tax Savings Podcast is your go-to resource for cutting-edge tax strategies to help entrepreneurs legally slash their tax bills. Hosted by Mike Jesowshek, CPA, this show breaks down complex tax topics into clear, no-fluff insights so you can keep more of your hard-earned money.

364 episodes

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