Turn Everyday Expenses Into Deductions (Max Out Your Tax Savings)
Turn Everyday Expenses Into Deductions (Max Out Your Tax Savings)  
Podcast: Small Business Tax Savings Podcast
Published On: Wed Oct 01 2025
Description: Send us a textAre you spending money the wrong way? Every dollar is either pre-tax or after-tax money. Knowing the difference is the key to thousands in tax savings.In this episode, we cover how to turn everyday expenses into business deductions. From meals and travel to home office and even hiring your kids, you’ll learn the mindset shift that could save you thousands each year. 👉 Get the Free Tax Savings Starter Kit Built for Small Business Owners: https://www.taxsavingspodcast.com/starterkit🚀 Book your free demo call today! Click here or visit: https://taxelm.com/demo/Chapters(00:00) Pre-Tax vs. After-Tax SpendingWhy most business owners spend the wrong way and how to flip it.(01:18) Ordinary and Necessary ExpensesWhat makes an expense deductible, and how to pass the audit test.(04:00) Everyday Costs You Can DeductHome office, vehicle, meals, travel, tech, cell phone, and subscriptions.(06:27) Hiring Your KidsHow shifting family costs into payroll creates big tax savings.(08:24) Live Audit of a Credit Card StatementMike reviews personal spending line by line to uncover missed deductions.(13:10) The Framework for DeductionsRationale, recordkeeping, and reasonableness: How to defend expenses.(14:45) Documentation Tips to Protect YourselfHow to prove expenses with receipts, notes, and an accountable plan.(16:15) Action Steps to Maximize Tax SavingsStart small, pick categories, and track better to save thousands. $100 pre-tax is worth $100. $100 after-tax is only worth $65.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.