Send us a text

Trump’s Big Beautiful Bill just became law. What’s actually in it? On July 4th, the biggest tax overhaul since 2017 was signed, and it’s packed with big wins for business owners.

100% bonus depreciation, a permanent 20% QBI deduction, tax-free tips and overtime, and brand-new deductions most people haven’t even heard of. Let’s break down the Big Beautiful Bill line by line so you know exactly what’s changing, what’s temporary, and how to use it to slash your tax bill before the window closes.

🚀Ready to stop overpaying the IRS? Sign up for my free webinar on July 15th! Click here or visit: https://www.taxsavingspodcast.com/webinar

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

Chapters:

(00:00) Massive Tax Update Just Signed Into Law
Why the Big Beautiful Bill matters for business owners.

(01:00) Personal Tax Cuts You Need to Know

Permanent tax bracket changes, higher standard deduction, and updated child tax credit.

(05:19) SALT Cap Raised to $40K

State and local tax deduction cap temporarily increased for earners under $500K.

(09:48) Trump Accounts & Charitable Giving Changes
New tax-deferred savings for kids and updated rules for non-itemizer donations.

(11:50) Business Deductions: QBI, Bonus Depreciation, Section 179

Key write-offs expanded or made permanent for business owners and investors.

(15:46) Estate Tax, Opportunity Zones, and Green Credit Cuts

Higher estate exemptions, permanent Opportunity Zone rules, and energy credit rollbacks.

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
Join TaxElm: https://taxelm.com

🚀 Visit: https://www.TaxSavingsPodcast.com

🚀 Check Out TaxElm: https://taxelm.com/

🚀 Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/

🚀 YouTube: www.TaxSavingsTV.com

👋🏼 GET IN TOUCH
You can Tweet @MJesowshek with any feedback, ideas, or thoughts about the lessons you've learned from the episodes. We want to thank you personally for tuning in 🙏

🙏 LEAVE A REVIEW
If you enjoy the podcast, please leave a 5-star review on Apple Podcasts or Spotify—it helps more business owners find the show ⭐

🎙 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.

Send us a text

When you're self-employed, getting approved for a mortgage isn't as straightforward as it is for W-2 employees. In this episode, Mike sits down with mortgage lender Bill Moeller to break down how tax-saving strategies can impact your mortgage application.

🚀Ready to stop overpaying the IRS? Sign up for my free webinar on July 15th! Click here or visit: https://www.taxsavingspodcast.com/webinar

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

Chapters:

(00:57) The Mortgage Trap for Entrepreneurs
Why showing low income on paper can backfire when it’s time to buy a home.

(03:34) Hiring Your Kids: Tax Benefit, Mortgage Problem
One popular tax strategy could hurt your loan approval unless you plan ahead.

(05:44) Pre-Plan Your Income for Mortgage Success
How to reverse-engineer your tax return so you qualify for the house you want.

(09:26) What Lenders Actually Add Back (And Don’t)
Depreciation helps. Home office? Not so much. Here’s what gets counted.

(12:54) Why Distributions Don’t Count Without Profit
Lenders look for taxable income, not just how much cash you took out.

(15:40) Real Estate Loans: How Rental Income Is Calculated
Using market rent projections and DSCR loans to qualify for investment properties.

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
Join TaxElm: https://taxelm.com

🚀 Visit: https://www.TaxSavingsPodcast.com

🚀 Check Out TaxElm: https://taxelm.com/

🚀 Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/

🚀 YouTube: www.TaxSavingsTV.com

👋🏼 GET IN TOUCH
You can Tweet @MJesowshek with any feedback, ideas, or thoughts about the lessons you've learned from the episodes. We want to thank you personally for tuning in 🙏

🙏 LEAVE A REVIEW
If you enjoy the podcast, please leave a 5-star review on Apple Podcasts or Spotify—it helps more business owners find the show ⭐

🎙 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.

Send us a text

🚀Ready to stop overpaying the IRS? Sign up for my free webinar on July 15th! Click here or visit: https://www.taxsavingspodcast.com/webinar

We’re halfway through the year, now’s the best time to check if you’re on track to pay less tax and avoid surprises. Mike explains why mid-year is the perfect time to review your entity setup, learn and apply tax strategies, check your income and tax bracket, shift spending from after-tax to pre-tax, plan for retirement, and catch up on bookkeeping. Don’t wait until December; take action now and save big.

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

Chapters:

(00:00) Why Mid-Year Planning Matters
Why planning now beats waiting until year-end. Avoid surprises and stay ahead.

(01:01) Review Your Entity Structure
Check if your LLC or S Corp is still right. Organize businesses and rentals smartly.

(04:50) Learn and Implement Tax Strategies
Tax breaks exist for a reason — learn, apply, and do it right to actually save.

(07:53) Check Your Income and Tax Bracket
Know where you stand. Spot bracket changes and plan moves like Roth conversions.

(10:13) Maximize Deductions: Pre-Tax vs After-Tax
Shift expenses (travel, meals, kids’ pay) from after-tax to pre-tax. Keep more money.

(18:03) Retirement, Investments & Advanced Strategies
Plan retirement accounts, strategic investments, and advanced moves like rentals, oil & gas.

(25:06) Catch Up Bookkeeping & Next Steps
Get your books in order now. Take action before it’s too late to benefit.

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
Join TaxElm: https://taxelm.com

🚀 Visit: https://www.TaxSavingsPodcast.com

🚀 Check Out TaxElm: https://taxelm.com/

🚀 Join our Free Facebook Group: https://www.facebook.com/groups/taxsavings/

🚀 YouTube: www.TaxSavingsTV.com

👋🏼 GET IN TOUCH
You can Tweet @MJesowshek with any feedback, ideas, or thoughts about the lessons you've learned from the episodes. We want to thank you personally for tuning in 🙏

🙏 LEAVE A REVIEW
If you enjoy the podcast, please leave a 5-star review on Apple Podcasts or Spotify—it helps more business owners find the show ⭐

🎙 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.