Too Much Profit? Double Your Income Without Doubling Your Taxes
Too Much Profit? Double Your Income Without Doubling Your Taxes  
Podcast: Small Business Tax Savings Podcast
Published On: Wed May 14 2025
Description: Send us a text🚀 Book your free demo call today! Click here or visit: https://taxelm.com/demo/ Too many business owners think they should avoid making more money just to lower their tax bill. In this episode, Mike shares why that mindset is costing you far more than taxes ever will. He breaks down why taxes are just a percentage, how fear leads to bad decisions, and the smart tax strategies that let you keep more of your income legally. You’ll learn how to shift from fear-based spending to strategy-first planning and start building real wealth.Chapters:(00:00) The Most Dangerous Tax MindsetMike explains why being afraid to earn more profit is the biggest mistake business owners make.(02:00) How Taxes Actually WorkA simple breakdown of why taxes are just a percentage and why earning more still puts money in your pocket.(03:04) How Fear of Taxes Leads to Bad ChoicesFrom underreporting income to wasting money on things you don’t need, fear of taxes leads to poor decisions.(07:55) After-Tax vs Pre-Tax Spending ExplainedLearn how to move personal spending into your business legally to lower your taxable income.(10:58) Smart Tax Strategies That Actually WorkMike covers powerful tools like S-Corp election, retirement plans, HSAs, and more that reduce your taxes the right way.(17:07) Why More Income Should Empower You, Not Stress YouMike shares how his client doubled income and paid less in taxes by switching from fear to smart planning.Podcast Host:Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings PodcastJoin 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 TOUCHYou 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 REVIEWIf 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 PODCASTThe 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.