Why Every Business Owner Needs a Board of Advisors (Even Solo Entrepreneurs)

Small Business Tax Savings Podcast

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Having a board of advisors isn't just for big companies. Even small business owners and solo entrepreneurs can use it to grow smarter and save money on taxes. In this episode, Mike shares how a board helps you deduct meals, travel, and even your home—plus how it keeps you organized and protected.

Chapters:

(00:58) What’s a Board of Advisors?
It’s a group of people who give advice and support for your business—even if you’re running solo.

(02:18) How to Set It Up
Add it to your business documents, pick people you trust, and plan regular meetings.

(04:48) Tax Write-Offs You Can Claim
Board meetings can make meals, travel, and even home use partially or fully deductible.

(05:38) The Augusta Rule Trick
Rent your home to your business for board meetings and pay zero tax on that rental income (if done right).

(08:15) More Benefits Than Just Tax
It helps with accountability, planning, outside feedback, and even audit protection.

(11:12) Keep Records That Count
Document every meeting with notes, receipts, and details to stay safe and get the most tax savings.

Podcast Host:

Mike Jesowshek, CPA – Founder and Host of Small Business Tax Savings Podcast
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🎙 ABOUT THE PODCAST
The 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.