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The Tax Savings Podcast

The Tax Savings Podcast

By Tony Novak
Short recordings of tips, news and stories related to tax efficient financial management. Audience tends to be self-employed business owners or professionals.
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The most important tax tip of the year

The Tax Savings Podcast

Instructions for 2019 individual tax return services
Covers five points: Why use a CPA Timing Pricing Communication How to Get started
January 20, 2020
Big tax savings now possible for New Jersey small businesses
The New Jersey Pass-Through Business Alternative Income Tax Act is effective January 1, 2020. The savings are not automatic, you must actively take measures to reap the benefits. Start now for the greatest savings. Note there is one error: Toward the end I said "there is no deduction..." when I meant to say "there is no limitation..." 
January 15, 2020
Planning a revival of The Tax Planning Podcast in 2020
A revival in 2020
January 13, 2020
Know when to not argue about taxes even when you are right
2 cases today where taxpayer was right but it did not make sense to argue.
March 01, 2019
Update on 199A tax exclusion for flow-through income
The rules were just released last week by IRS. Here’s the basics presented in threes steps of what you need to know right now.
January 21, 2019
Streamlining small business payroll
Cutting payroll processing cost, saving time, improving reporting and minimizing tax risk is easier than you expect.
December 23, 2018
Responding to tax notices or delays
Sometimes it pays to act quickly, other times it is best to be patient.
December 07, 2018
Episode 16 - Can working class families avoid income tax?
This short discussion is sparked by the Kushner news story
October 13, 2018
Episode 15 - Proof of mailing for paper filed tax return
When using Post Office priority mail delivery confirmation, it is important to download the proof of delivery.
September 20, 2018
Episode 15 - the politics of disaster relief
This year, for the first time, we gave the president full power to control tax implications of natural disasters and some coastal states fear he will use it as a political weapon.
September 11, 2018
Episode 13 -Who owes more under tax reform
Who is most likely to owe taxes under the new tax law?
September 11, 2018
Episode 12 - mixing personal and business funds
Legal considerations, practical issues, tax and audit risk considerations for sole proprietors.
September 02, 2018
Episode 11 - when bad things happen to good Philly taxpayers
An infuriating story of a Philadelphia tax screw-up
August 30, 2018
Episode 10 - Business entertainment expense under TCJA
Most business entertainment expenses are not tax deductible under the new law. But there are workarounds.
August 30, 2018
Episode 9 - the fallacy of tax savings
Why the Section 199A pass through income tax exclusion is not the best way to approach business tax planning
August 29, 2018
In-kind charitable contributions
The value of donated services is never tax deductible. Here’s why.
August 28, 2018
Financial crime and tax evasion
Why is news of a financial crime often followed by a charge of tax evasion?
August 22, 2018
The most important tax tip of the year
How to approach the new Section 199A business income regulations to ensure the most benefit from this new tax law
August 17, 2018
Community reinvestment fund
A Community reinvestment fund can be a great way to do good and save on taxes
August 15, 2018
What's in a name?
Using your full legal name on all tax filings saves time and headaches
August 15, 2018
Unsustainable federal tax policy: So what?
Why unsustainable federal tax policy matters to you and me.
August 13, 2018
Health Reimbursement Arrangement for a sole proprietorship
Response to a self-employed listener’s question about an HRA
August 06, 2018
I in 5 will owe the IRS this year
1 in 5 will owe the IRS this year! How to avoid being a victim of tax reform.
August 01, 2018