Q&A: Are Beers with Clients Write-Offs? Augusta Rule, Home Office, and Missed Deductions
Q&A: Are Beers with Clients Write-Offs? Augusta Rule, Home Office, and Missed Deductions  
Podcast: Small Business Tax Savings Podcast
Published On: Wed Apr 16 2025
Description: Send us a text🚀 Book your free demo call today! Click here or visit: https://taxelm.com/demo/ Have you ever wondered if you can write off beers with a client? Or claim mileage between your home and office? In this special Q&A episode, Mike answers real questions from small business owners across the country — tackling topics like the Augusta Rule, tax deductions you're probably missing, how to handle multi-state operations, and even the proper way to record equipment purchases in your books.Chapters:(01:16) What is the Augusta Rule?Rent your home to your business for 14 days or less, and pay zero tax on that income — here’s how it works.(02:29) Can You Deduct Beers with Clients?Yes, you can — but only if there’s a valid business reason and proper documentation.(05:17) Home Office Deduction and Mileage ExplainedMike clears up confusion about home offices, commuting, and how an accountable plan changes what you can deduct.(08:00) Does TaxElm Make Sense for Me?If you’re a small business owner or a high-income earner with a side hustle, here’s how TaxElm could help.(10:32) Where to Incorporate if You're in Multiple StatesLearn how tax nexus works and why forming your LLC in a random state could backfire.(12:16) How to Record Equipment Purchased with a LoanBreaking down how to properly track assets, liabilities, and depreciation in your bookkeeping.(14:30) What is a Family Office and Do You Need One?Mike shares how to build a “family office” strategy — even if you’re not ultra-wealthy.(16:00) Tax Deductions Most Business Owners MissFrom hiring your kids to internet bills, here are deductions you might be overlooking.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.