Episodes

  • Maximize Your Business Vehicle Deductions

    Maximize Your Business Vehicle Deductions
    Jan 30 2025
    In this episode of "Not Your Father’s Accountant," Igor Tutelman, CPA, explains how small business owners can maximize their vehicle deductions and save more on taxes. From deciding between leasing or owning to choosing the right deduction method (standard mileage vs. actual expenses), Igor breaks down the key strategies to ensure you're not leaving money on the table. You'll learn what trips and expenses are eligible for deductions, how to maintain proper mileage logs, and get access to a free calculator to help you decide which deduction method works best for your situation. If your car plays a role in your business operations, you won’t want to miss this guide to smarter tax planning! FREE VEHICLE EXPENSE DEDUCTION CALCULATOR: https://iota-finance.com/vehicle-expense-deduction-calculator
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    8 mins
  • S Corps 101

    S Corps 101
    Nov 1 2024
    In this episode of "Not Your Father’s Accountant," Igor Tutelman, CPA, unpacks the fundamentals of S Corporations and how they can benefit small businesses. He covers everything you need to know to make an informed decision on S Corp status, including what an S Corp is, how it’s taxed, and key requirements for qualification. Igor also shares insights on topics like reasonable compensation and accountable plans to help S Corp owners maximize tax savings. If you’re wondering whether an S Corp election is right for your business or simply want to understand its potential benefits, this episode is for you!
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    18 mins
  • How to Pay Your Kids Through Your Business

    How to Pay Your Kids Through Your Business
    Dec 13 2024
    Welcome to Not Your Father’s Accountant, hosted by Igor Tutelman, CPA. In this episode, we dive into a clever tax-saving strategy for business owners who are also parents: paying your kids through your business. Discover how this approach can save you thousands on taxes while teaching your kids valuable life skills. We’ll break down: Tax and non-tax benefits of hiring your kids. Key differences in payroll rules for kids under 18 vs. over 18. Business structures like LLCs, S Corps, and Family Management Companies. Compliance tips to keep the IRS happy. Plus, get practical examples and free resources to help you implement this strategy seamlessly. Tune in for actionable insights, a few laughs, and smarter ways to approach your finances. Don’t miss out—listen now!
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    7 mins