Skip to main content
Join Now
The Small Business Weekly Podcast, featuring Stephanie Squires

< Back to All

Finding Optimal Tax Strategies for Small Businesses

February 2, 2024

On today’s SBAM Weekly Podcast, Michael Rogers talks with tax planner Stephanie Squires, owner of SCS Capital in Livonia. “One of the things that I think small business owners can do is look at the IRS rules when it comes to taking salaries,” she says. “One or two things can be done. They can take a salary, and take some hours of distributions, because they’re bypassing a lot of the Medicare and Social Security taxes. And the other option that I see a lot of times is doing employee benefits. The employer or the small business owner providing these, it actually is an expense for them, and therefore reducing the amount of taxes that they owe on the overall income of their business.”

The Small Business Association of Michigan’s weekly podcast presents a dynamic audio interview from a top-notch expert on entrepreneurial success. Hear great tips and advice on how to be a more effective small business owner. Get a new episode every week by subscribing via iTunes.


Visit SBAM’s Media Hub for past episodes of the Small Business Weekly Podcast.

Share On: