S1 EP88: Advanced Tax Planning and Strategies with Mike Jesowshek
MONEY MANAGEMENT EDITION
According to some recent news from the congressional budget office, the economic forecast GDP growth is expected to grow by 7.4% in 2021. However, the deficit is expected to go to 3 trillion for the year, which is smaller than last year, but it's three times the amount it was in 2019.
And the CBO is expecting that the deficit should grow by $1.2 trillion per year by 2031, which means that the United States is going to need some money. Where will that come from?
From American citizens’ taxes.
Depending on the state you currently live in, you might already be paying a lot of taxes. Have you ever wondered where these taxes go? Will these taxes be of benefit to us in the future? And most importantly, is there a way to legally pay the least amount in taxes?
For CPA and Small Business Tax Savings Podcast host Mike Jesowshek, there are multiple ways to do just that. Mike is a modern and innovative CPA on a mission to ensure small business owners pay the least amount in taxes as legally possible. Throughout his entrepreneurship journey, he has experienced all business stages, from the good to the bad. This is why it has become his mission to help out businesses that are going through those successes and struggles.
Luckily, there are various tax planning strategies for everyone to freely and legally utilize. Whether you’re a W2 earner, a small business owner, or an individual who earns a household income of $250,000 or more, you can plan and strategize how much taxes you’ll pay. No more grieving for the thousands of dollars you pay to Uncle Sam because there’s a way to “cheat on him” a bit.
Not entirely convinced yet? Join us as Mike discusses where American citizens’ taxes go, how tax planning works, and how to strategize paying the least amount of taxes legally possible. With hosts, wealth manager Lee Michael Murphy, career advisor Sergio Patterson, and attorney Matthew McElroy, tune in to this week’s episode of The Free Retiree Show.
What You’ll Learn:
- How tax planning works
- Baseline and Advanced Tax Strategies
- How to file and pay the least amount of taxes legally possible
To get the episode, show notes, and share links, please go to our podcast page. Thank you for sharing our podcast.