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Search results “Filing taxes for a small business” for the 2015
Small Business Tax Advice and Tax Deductions
 
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The absolute most Important Tax Planning Strategy/Tool You NEED. This is a Cornerstone to Business planning and preparation. This will Change the way you OPERATE. Please watch and share with Anyone You care about. This Tax Advice is perfect for small business. Tax Relief and Tax deductions reviews. DirtMonkeyU.com and DirtMonkeyUniversity.com The Landscape Business Pro Podcast- The Voice of the Landscaping and Construction Industry. http://landscapebusinesspro.com Genadek Landscaping and Excavating genadek.com GT Lawn Maintenance GTLawns.com Linked In- Hit me up! https://www.linkedin.com/profile/preview?vpa=pub&locale=en_US Twitter: https://twitter.com/LBPpodcast Facebook: https://www.facebook.com/stanley.genadek Email: [email protected] Dirt Monkey: https://dirtmonkey.net Links to Episodes of Landscape Business pro: Greg Chism Geek to Freak Fitness and Lawn Care https://www.youtube.com/user/geektofreakfitness http://landscapebusinesspro.com/geek-to-freak-greg-chism-monetizing-youtube-videos/ Jonathan Pototschnik The Lawn Care Millionaire http://lawncaremillionaire.com http://landscapebusinesspro.com/jonathan-pototschnik-how-to-become-a-lawn-care-millionaire/ Brian Shain Top Notch Lawns https://www.youtube.com/user/TopNotchLawns http://landscapebusinesspro.com/brian-shain-of-top-notch-lawns/ Jordan Harbinger The Art of Charm https://itunes.apple.com/us/podcast/art-charm-confidence-relationship/id212382281?mt=2 http://theartofcharm.com http://theartofcharm.com/best/ http://landscapebusinesspro.com/jordan-harbinger-the-art-of-charm/ Keith Kalfas The Landscape Employee Trap https://www.youtube.com/user/TheEmployeeTrap LandscapingEmployeeTrap.com http://landscapebusinesspro.com/keith-kalfas-landscaping-employee-trap/ Mike Michalowicz http://www.mikemichalowicz.com Profit First, Pumpkin Plan, The Toilet Paper Entrepreneur http://landscapebusinesspro.com/mike-michalowicz-profit-first/ John Lee Dumas Entrepreneur on Fire http://www.eofire.com http://podcastersparadise.com http://landscapebusinesspro.com/john-lee-dumas-entrepreneur-on-fire/ More guests: Vanessa Van Edwards The Science of People, John Gray Men are From Mars Women are from Venus, Certified Contractors Network, Jennifer Kahnweiler: The Introverted Leader, Quiet Influences, The Genius of Opposites, Barry Moltz, YardBook, Aaron Walker
Small Business Taxes - Etsy Shop - E-Commerce - Sole Proprietor
 
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It's Tax Day, April 15th (at least when I recorded this), so why not talk about taxes and bookkeeping. Everyone's favorite topics, right? Ha! I'm cracking myself up. Hopefully everyone had a smooth tax season and this video can help you! Let me know your thoughts. Oh yeah! Subscribe too! I talk about advice I'd give any small business owner who is starting out and dealing with paying taxes as a sole proprietor for the first time. All of this is basic and off the cuff advice. I'm not a bookkeeper or tax expert by any means. Please hire an accountant for official tax help. Things I talk about in this video: Etsy Shop Owners E-Commerce Expenses Small Business Taxes Sole Proprietor Business Expenses Cost of Goods Sold Bookkeeping Software Outright Bookkeeping: http://outright.com/ Accountants Tax Mistakes Business Accounts Contract Labor Payroll Please comment/subscribe. Let me know what you think! Recorded: Friday April 15, 2015 MANE MESSAGE: http://www.manemessage.com TWITTER: http://www.twitter.com/manemessage INSTAGRAM: http://www.instagram.com/manemessage FACEBOOK: http://www.facebook.com/manemessage
Views: 24702 Olivia Hayward
Business Expenses - Small Business Tax and Bookkeeping 101 Webinar
 
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Watch Barbara's webinar on business expenses in her Small Business Tax and Bookkeeping Essentials series. This webinar was created for doTERRA wellness advocates, but can be applied to small businesses of all types.
Small Business Tax Tips – Tax Planning Strategies for Canadian Small Business
 
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Small Business Tax Tips – Tax Planning Strategies for Canadian Small Business (Video 2 of 3) SPRING 2016 PROMOTION - ONLY $39 USD ON UDEMY UNTIL April 30, 2016. Take the full Small Business Blueprint on Udemy for only $39. Just click on this coupon link: https://www.udemy.com/small-business-blueprint/?couponCode=youtube_39promo In this video training tutorial I cover some of the tax planning strategies available to small business owners in Canada. I go over the opportunities available to split income with spouses and family members. We also review a number of small business tax write-offs that can save any business owner money. Small business tax deductions are a great benefit available to Canadian entrepreneurs and small business owners. Additionally, we will look at wealth planning and retirement issues, something that is often overlooked by small business owners. Also explained are some tax planning opportunities in the realm of benefits such as Private Health Service Plans (PHSP), Group insurance and Health & Medical Trusts as they relate to Canadian small business. I also go over some of the strategies related to home office deductions, vehicle expenses and other lucrative small business tax write-offs. Being a self-employed small business owner in Canada definitely has its perks. This tutorial will make a lot of these benefits clear to you. For a full explanation on these benefits and how to set them up from scratch, enroll in the SBC Knowledge Systems Small Business Blueprint. This is the first of three free training videos leading to the launch of the Small Business Blueprint offered at SBC Knowledge Systems Inc. To watch the remaining tutorial in this training series, click on the following links: Video 1 – Critical decisions Canadian Small Business Owners Need To Make https://www.youtube.com/watch?v=WkkK4An2Dvg Video 3 – Secrets to Entrepreneurial & Small Business Success https://www.youtube.com/watch?v=A3rxLyM6puE Small Business Blueprint – Course Enrollment http://smallbusinessblueprint.kajabi.com/sp/29330-sbb-sales-page In the Small Business Blueprint we cover a number of vital topic areas related to starting a small business in Canada such as: - forms of business organization in Canada – Proprietorship, Partnership & Corporation - Advantages & disadvantages of each type - Partnership agreements and shareholder agreements - Starting a small business in Canada – Step by step checklist - Compensation strategies – how to pay yourself with salary or dividends - Tax savings strategies – Small business tax tips to help you save money - Small business tax write-offs and deductions – What you can and cannot deduct - Small business accounting – what you need to keep - Small business bookkeeping – how to setup up your bookkeeping system fast and easy Check out some additional Canadian small business resources here on YouTube - Some great small business tax loopholes from Allan Madan, CPA, CA https://www.youtube.com/watch?v=TQ3lzpKq0Is - Set up a New Business In Four Steps from the Canada Business Network - https://www.youtube.com/watch?v=Bv1MSHM-kzM - 5 Tips to Reduce Your Canadian Small Business Tax Bill (Webinar) - https://www.youtube.com/watch?v=cYYeIsNeHCM - Starting a Small Business in Canada by the Business Development Centre https://www.youtube.com/watch?v=z7Qq6p3PPs0 Check out our website at http://www.sbcknowledge.com for additional courses and other resources.
Views: 35609 Ian DiNovo
Business Advice For Artists (Taxes)
 
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Will Terry is a freelance children's book illustrator who gives advice about starting a freelance business at home. Getting started is one of the hardest things to do - this video will help you get going. http://willterry.com/ - my portfolio http://svslearn.com/ - my online illustration classes http://willterry.blogspot.com/ - my blog http://society6.com/willterryart - Prints Twitter: https://twitter.com/willterry333 Instagram: https://instagram.com/willterryart/ facebook: https://www.facebook.com/will.terry.733
Views: 10929 Will Terry
How to Prepare Small Business Taxes
 
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How to Prepare Small Business Taxes. Part of the series: Preparing Taxes. The best way to prepare small business taxes is to use a good-quality accounting software to keep track of all business expenses and earnings. Find out how to organize small business finances with help from a tax specialist in this free video on filing taxes. Read more: http://www.ehow.com/video_5361677_prepare-small-business-taxes.html
Views: 1064 ehowfinance
Small Business Tax Tips For Saving Money In Taxes
 
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Get Your Free Life Mastery Toolkit: http://www.projectlifemastery.com/subscribe Want to save money in taxes? Here are some small business tax tips that will help you maximize your tax returns in your business. Visit the blog post below for more. ★☆★ VIEW THE BLOG POST: ★☆★ http://projectlifemastery.com/small-business-tax-tips-for-saving-money-in-taxes ★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★ http://www.youtube.com/subscription_center?add_user=projectlifemastery ★☆★ FOLLOW ME BELOW: ★☆★ Blog: http://www.projectlifemastery.com Facebook: http://www.projectlifemastery.com/facebook Twitter: http://www.projectlifemastery.com/twitter Instagram: http://www.instagram.com/stefanpylarinos Podcast: http://www.projectlifemastery.com/itunes ★☆★ MY BOOKS & PRODUCTS: ★☆★ Kindle Money Mastery: http://www.kmoneymastery.com 24 Hour Book: http://www.24hourbook.com Life Mastery Book: http://projectlifemastery.com/lifemasterybook Kindle Marketing Secrets: http://projectlifemastery.com/kindlemarketingsecrets ★☆★ RECOMMENDED RESOURCES: ★☆★ http://www.projectlifemastery.com/resources
Views: 12584 Project Life Mastery
Home Office Tax Deductions - All Up In Yo' Business
 
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Contact Joe & Natalie at: www.lutzcpas.com [email protected] [email protected] (303) 794-8171 Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.B
Views: 17143 180 Law Co. LLC
The Tax Advantages of Owning a Home Based Business
 
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I'm Here To Inspire And Educate People How To Increase Their Income, Escape Living Paycheck To Paycheck, and Build Long Term Wealth. If You Don't Own a Home-Based Business You Don't Understand The Income Tax System That Rewards The Business Owner And Punishes The Employee. Discover The Proven Formula To DOUBLE Your Income And Escape Living Paycheck to Paycheck For The Rest Of Your Life". If You Would Like To Get Started Immediately Contact Me At (334) 657-8337, email me at [email protected] or visit my website at http://cjenterprisesal.com.
Views: 11962 Cedric Jenkins
Tracy's Tuesday Tip: Income Tax and your ebay / Amazon business
 
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How does income tax play into an e-commerce business?? I try to explain the basics here. Also, the link to last night's RB3 show I was on... https://www.youtube.com/watch?v=RSntzvkHYgU The link to the GoDaddy tax guide article: https://garage.godaddy.com/smallbusiness/manage/get-free-small-business-tax-guide/
Views: 26672 EntrepreneurGirl
Business Tax Write Offs: Start Up Costs
 
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Struggling for clarity on your business tax requirements? Get access to my new mini e-course, "4 STEPS TO FOLLOW ALL OF YOUR BUSINESS TAX REQUIREMENTS" By clicking here: https://goo.gl/1ihgvv I get that you're busy, that's why this training is less than 20 minutes and simplifies all of the business tax requirements, so that you can be in the know and focus on your business! This is my latest training and it's FREE for a limited time, so get it while this offer lasts. This video will explain what start-up costs are and how you can write them off. For more business start-up, accounting & tax info, check out our channel or our blog at http://www.utdu.info/theutduchannel/ Business expenses that can normally be deducted when you are operating are NOT deductible before your business actually begins operating. For example, if you are a retail store, you haven't began operating until you open the store and have items for sale. All expenses incurred before your business begins are called 'start-up' costs. In the month your business begins operating, you can begin to deduct your start-up costs. There is an initial deduction in the first month of up to $5,000. If you have more start up costs than this then you can amortize what is left. Amortize means that you take the total amount of costs and divide by 180 months. The result is called amortization expense, which is deducted just like any other expense each month. If your total start-up costs are more than $50,000, then the initial $5,000 deduction is limited $1 for $1, based on the amount over $50,000. So if you have $55,000 worth of start-up costs then there is no initial deduction and you must amortize the entire amount over 180 months. The video shows a great example of this limitation! This content is from our online video Self-Employed Tax Course. For everything you need to know about self-employed taxes, check out our course! http://www.utdu.info/selfemployedtaxcourse/ Other videos you may enjoy: Estimated Tax Payments: How & When To Calculate & Pay - https://www.youtube.com/watch?v=c_jRrAms8og Will I Be Penalized For Not Making Tax Payments? - https://www.youtube.com/watch?v=2IzRyAoePi0
Filing S Corporation Tax Return - CPA Services Online
 
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Filing S Corporation Tax Return - CPA Services Online. I (https://www.evanhcpa.com) do virtual accounting for small businesses and individuals. I help people file taxes online through screen sharing. In this video I show you how to fill out an S corporation tax return using form 1120S. As I mentioned, I do virtual accounting including helping people file their own taxes through screen sharing. If you're in the minority of people who want to file their own taxes or if you don't want to give away sensitive information like your social security number or your bank account due to the fear of identity theft, I'm here to help. Through screen sharing I can guide you through the complexities are your tax return from start to finish. What I want to do today is show you ow to file an S corporation tax return, it's form 1120S. I'm going to guide you through this, how to input the numbers, what the return looks like, what you need to do. One of the things I'm going to do is show you how to transfer your financials from QuickBooks, or another financial system, to the tax return. But first I'm going to quickly run through really the tax return itself. There are a lot of pages behind form 1120S (U.S. income tax for an S Corporation), but the form itself is only about five pages long. The first page asks for general information such as your name, your E. I. N. The date that you formed the S Corporation and so forth. Then you get to the income portion, and then the deduction portion. The deduction portion has a lot of the main expenses like compensation of officers, rents, taxes, depreciation, and so forth. Then you have another deduction worksheet which has some of the less but they're still fairly common expenses like accounting, bank charges, dues and subscriptions etc. Then you scroll down and you come to some questions about your accounting method, business activity, whether anyone owns 20% or more of the S corporation, whether a corporation owns 20% or more and whether anyone has a 50% or large interest in the S corporation, whether or not you filed 1099s, and so forth. You then come to page three. This is a Schedule K. The Schedule K transfers over to the K-1. The K-1 is what you use to file your personal taxes. So after you file your S corp taxes, same thing for a partnership, if you filed a 1065, you're income and some other information is going move over to the Schedule K, which transfers to a K-1right here. And you'll print this out or send this to your CPA to input this information on your personal tax return. I hope this video helps you with filing your S corporation taxes. I know it's kind of confusing. I'll try to do another video explaining more about the accounting part that balance sheet because I know that can be difficult to understand if you're just leaning it. If you have any questions, please contact me. I'd be happy to work with you and either file your taxes for you are train you as you go through them. Hope to talk to you soon. You can find out more about my virtual CPA services on my website: http://www.evanhcpa.com/virtual-cpa Please share this video about CPA services online, Filing S Corporation Tax Return: http://www.youtube.com/watch?v=vpPkdJ15duc Subscribe to my Channel: http://www.youtube.com/subscription_center?add_user=EvanHutchesonCPA Follow Me: http://www.facebook.com/EvanHutchesonCPA http://twitter.com/Nashville_CPA http://plus.google.com/+Evanhcpa/about http://www.linkedin.com/pub/evan-hutcheson/30/909/746 You might like this video too: http://www.youtube.com/watch?v=wuJa8H2DsQo You can get information about filing S Corporation Tax Returns here: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporations Filing S Corporation Tax Return CPA Services Online Filing S Corp Taxes How To File S Corp Taxes Onllne
Top 10 tax tips for the self employed
 
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Congratulations. You took the risk of launching your own your business and hopefully are well on your way to making your dreams come true. Unfortunately, your tax situation is likely to be more complicated as a self-employed person. Nicole Dulle, CPA, tax manager, GBQ Partners LLC is here to offer you a few tips to make filing your taxes headache free. For additional tax help, visit The Ohio Society of CPAs’ Taxpayer Resources page: http://www.ohiocpa.com/for-the-public/taxes One size does not fit all Remember, each person's tax situation is different. The free advice of other entrepreneurs may not truly apply to your returns. If you have a question, seek a qualified professional. A Certified Public Accountant is the best person to speak to regarding your personal tax situation.
Views: 21569 TheOhioSocietyofCPAs
How to Calculate Your Quarterly Tax Estimate
 
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Ever here the term "Quarterlies" bandied about by your accountant and wonder what is it? do I have to do something I'm not aware of? Where there are a few situations where you need to pay Quarterlies, which are estimated tax payments made throughout the year...yes every quarter hence the name. The prepayments are made because if you'll owe too much the government wants you to pay ahead of time or they might penalize you. For the Federal Tax Returns, if you owe the government more than $1000 you MAY be charged interest and penalties. IF you've paid at least 100% (and in some cases 105%) of your prior year's tax bill in this calendar year, then it doesn't matter how much you owe at the end of the year, there will be no interest and penalties assed. Your tax preparer can help you calculate what's called your "safe harbor" amount. There are several events that could occur that would make you owe quarterlies such as being self employed, selling stock at a sizeable gain, high dividend or interest income or sometimes multiple jobs you may have where you don't have enough withholding. Before you decide to pay quarterlies, if you already are having federal taxes withheld from your job, a simple way to solve the tax payment due at the end of the year is to refile your W-4 at work to simply have more taxes withheld. Again your tax preparer can help you calculate how much more should be withheld. If you don't have an employer who will take care of the additional withholding then you'll want to pay the quarterly estimates using form 1040 ES which you can download from the IRS website. The quarterly payments are due by APril 15th, June 15, September 15th and January 15th of the next calendar year.
Views: 37841 Ambrozy Accounting
Small Business Owner: IRS Left Me No Money To Run My Business - On The Record
 
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Small Business Owner: IRS Left Me No Money To Run My Business - On The Record ==============================­=========­=­=== **Please Click Below to SUBSCRIBE for More "MTP" Videos: http://goo.gl/m7kDXR ==============================­=========­=­===
Views: 63 MTPAmerica
S-Corporation Form 2553 How It Works and Saves Tax Dollars on Small Business How To Lower Your Taxes
 
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S-Corporation Form 2553 How It Works and Saves Tax Dollars on Small Business How To Lower Your Taxes ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp Business ownership is adventurous, rewarding, and completely confusing. Sure you can come up with the next business idea and change the world with a single event, but how do you organize and run the business side of that idea? Should you set up an LLC and how should it be taxed? Are you prepared to streamline this new business venture and idea? What information should you consider in your business that's meaningful, and when do you implement it? Where do you go to find the best tools possible for your business? How do you save money on taxes? Where do you set up your new company? What technology should you use to make running your business easier? These aren't the things that we learn in school, and chances are you don't have time for trial and error. You're here to make money doing what you love, and I'm here to make that easier for you and absolutely practical. ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp In this Bootcamp for Converting to S-Corp (Form 2553), you will walk away with knowledge such as; How do you to properly start your business, ~ Why you should consider S-corporation (Form 2553) for your business venture, ~ How do you properly complete S-Corporation (Form 2553) correctly when you are NOT late in electing, ~ How do you properly complete S-Corporation (Form 2553) correctly when you ARE late in electing, ~ What are the IRS S-corporation expectations and requirement for your S-Corporation (Form 2553), ~ What are the best 2018+ tax reform business savings for my S-Corporation (Form 2553), ~ What are the best business and accounting apps to use to make running a business easier and are there exclusive offers for them through AdvisorFi.com, and much more! ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp By the end of this S-Corp Bootcamp, your business venture will be in tip-top shape to make your dreams and tax savings become reality. You'll have a complete plan for how to set up your business venture correctly that saves you money and time, and rolling out the best technology that will make business ownership as an S-Corporation a breeze! This online course is the first of it's kind and is the beginning of a series of educational online products to be created by Will Lopez, Founder of AdvisorFi. Needless to say, we are excited to show you how successful business ownership is really done. :) ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp Video tutorial to learn more about how to structure your company, the tax classifications of LLC's and INC's, and how the S-Corporation tax status by a Small Business may be the choice for you! =========== FREE Consultations (CLICK☞): http://meetme.so/freebie =========== RECOMMENDED Gusto Payroll (CLICK☞): https://gusto.com/r/uBiOb =========== Subscribe (CLICK☞): https://goo.gl/o8hRuk =========== Best Playlist (CLICK☞): https://goo.gl/99mHD2 =========== Xero Profile: https://www.xero.com/us/advisors/accountant/2014/advisorficom/ =========== Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf =========== FREE Consultations (CLICK☞): http://meetme.so/freebie =========== Gusto Payroll (CLICK☞): https://gusto.com/r/uBiOb =========== Subscribe (CLICK☞): https://goo.gl/o8hRuk =========== Best Playlist (CLICK☞): https://goo.gl/99mHD2 =========== Xero Profile: https://www.xero.com/us/advisors/accountant/2014/advisorficom/ =========== Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur, Xero, Xero Accounting, Xero Partner Program, Silver Award, Bang the Keyboard, What's In The Box, Unboxing, Debit Cash Credit Life, Not So Shabby, Accounting, Rod Drury, Tsheets, Zenefits, ThrivealCPAs, Gusto Payroll, ★ Please LIKE Comment & SUBSCRIBE: https://goo.gl/o8hRuk ★ Thanks for watching http://AdvisorFi.com ★ Music from YouTube: https://www.youtube.com/audiolibrary/music #Accounting #Business #Taxes
Views: 52675 advisorfi.com
IRS Seizes $107,000 From Innocent Small Business, Despite Recent Policy Changes
 
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Lyndon McLellan has spent more than a decade running L&M Convenience Mart, a gas station, restaurant, and convenience store in rural Fairmont, North Carolina. Then, one year ago, without any warning, agents from the IRS seized his entire bank account, totalling more than $107,000. http://ij.org/north-carolina-civil-forfeiture
Views: 237344 InstituteForJustice
Filing Your Taxes Online [HOW TO with Turbo Tax]
 
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Filing your taxes online doesn’t have to be scary and intimidating. In this class David is joined by our resident financial guru, Chip Capelli to show you how easy it is to file your taxes online using Turbo Tax. Links to Products: Turbo Tax 2014 Fed + State E-File (MAC): http://bit.ly/trbotx2014mac Turbo Tax 2014 Fed + State E-File (PC): http://bit.ly/trbotx2014win Turbo Tax 2014 Home & Business (Mac): http://trbtx2014hmbizmac Turbo Tax 2014 Home & Business (PC): http://bit.ly/trbotx2014hmbiz
Views: 506281 David A. Cox
The Basic Tax Deductions Most Small Businesses Forget
 
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Tax expert Mark Kohler says small business owners should have taxes on their mind year-round so they don't miss any potential deductions. Read more at: http://www.entrepreneur.com/video/244597 Watch more videos at: http://www.entrepreneur.com/video Follow Us On Twitter: https://twitter.com/entrepreneur Buy Mark’s Educations Products Today! Link - http://markjkohler.com/product/ Subscribe now! https://www.youtube.com/subscription_center?add_user=MarkJKohler
Views: 4613 Entrepreneur
Small Business Accounting and Tax Tips
 
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Accounting and taxes can be a scary thing for many small business owners. Knowing what you can take off on your taxes and how to keep track of expenditures can be confusing. So in this video Lany Sullivan talks with Danetha Doe about how you can organize all those accounting task and make tax time easier to face. Even if you have an accountant, you will hear some tips on how to make things easier on them, which may save you money in the long run! Time stamps - 0:31 Why business owners should not wait until the end of the year to have their bookkeeping in order. Many small business owners may underestimate their business expenditures & that mean you may be paying more in taxes than you should. Do not miss out on those tax write off for your business! 1:38 How can a business make sure they are not over paying on their taxes? Keep your accounting up to date all year and don't wait or you may get overwhelmed or forget things. 2:21 Is there one set tax plan that all businesses should follow? There are times you may not want to take all the write offs for your business, so your paperwork shows you made more money. (Sounds crazy, but I get it). 3:57 What accounting program should you use to keep track of all your finances? 5:09 How do you decide which accounting platform is best for your business? Why you may want to look for an online accounting system rather than just a desktop system. (Think mobile tie in with your banking) 6:15 If you haven't kept up on your bookkeeping all year, where do you start so you can get caught up? 8:03 What is a good plan to start the new year, so next year at tax time, all our books are in order? 9:14 What can we legally write off on our business taxes? For a checklist of what can be written off as a business expense, visit http://irs.gov Can a business write off lunches with clients and how do we prove it was a business lunch? 10:32 What if our business is audited by the IRS? 11:23 When working with a tax accountant what do I need to do to help them do their best work for my business? 13:00 If we get a letter from the local government or the IRS, how should we handle it? (Pretty sure that running to the boarder will no be the right answer). 14:39 Where can a small business get free tax help? Public Library has Free Tax Support! Watch the Free webinar replay with Danetha with more great accounting tips and resources - http://www.danethadoe.com/freeresources/ RCUWomen Forum - http://rcuwomen.com/forum Lany Sullivan - http://lanysullivan.com
Properly Using a Sales Tax Resale Certificate for your small business
 
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Today we discuss how to properly Use a sales tax certificate. How to properly pay sales tax, and how to stay above the law. Thanks for checking out my channel. Make sure to subscribe!! For 1 on 1 coaching Pricing & Availability Email me: Rockstarflipper @Gmail.com JOIN THE FREE FACEBOOK RESELLER GROUP- (questions answered 24/7 from members) https://www.facebook.com/groups/689595301181796/ VIP (paid) Facebook Group- https://www.facebook.com/groups/263997070772761/ *Ebay/Amazon Equipment Photo Lighting Kit- http://amzn.to/2mEdSQq Female Mannequin- http://amzn.to/2uEnCxS Male Mannequin- http://amzn.to/2slaFIw Photo Background- http://amzn.to/2xCBnBD Shipping Tape Gun- http://amzn.to/2s7rc6f Poly Mailers - http://amzn.to/2iVae2t Bubble Mailers - http://amzn.to/2iVcUgt Thermal Printer- http://amzn.to/2mqkhST Ebay/Amazon Scale- http://amzn.to/2hIF2r2 Video Game Cleaner- http://amzn.to/2jD08Iy *Youtube Equipment: Microphone (Blue Yeti Blackout)- http://amzn.to/2sAHTaU Microphone Pop Filter- http://amzn.to/2tKN6NU Logitech Webcam - http://amzn.to/2iZcLc7 Canon G7X II Vlog Camera- http://amzn.to/2ujOgwH Memory Card- http://amzn.to/2xBPDdD Flexi Tripod- http://amzn.to/2xBmuiL Back Up battery canon G7X- http://amzn.to/2wQ1cPG MacBook Pro- http://amzn.to/2xCaUEn (Disclosure, these are amazon affiliate links & I do get paid a small commission if you purchase using them) *My EBAY STORE- https://rover.ebay.com/rover/1/711-53200-19255-0/1?icep_id=114&ipn=icep&toolid=20004&campid=5338069183&mpre=http%3A%2F%2Fstores.ebay.com%2FTheElectronixZone1 *Our personal Vlog Adventure channel- https://www.youtube.com/channel/UCYDfKwFzkHmnTfkHe_G8QcA *FOLLOW ME ON SOCIAL MEDIA: Facebook.com/Rockstarflipper Instagram.com/Rockstarflipper Twitter.com/Rockstarflipper
Views: 20570 RockstarFlipper
Filing taxes for small business. Small business payroll taxes review.
 
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http://www.jmrose.com | (818) 992-5800 or (800) 992-5800 A CPA Firm, J.M.ROSE Certified accountants, business consulting, bookkeeping, specializing in: small business payroll services small business payroll small business payroll software payroll companies for small businesses small business payroll tax calculator payroll services for small business payroll software for small business payroll for small business small business payroll tax small business payroll service small business payroll solutions payroll taxes for small business payroll programs for small business small business payroll companies payroll service for small business small business payroll company small business payroll calculator payroll software small business payroll services for small businesses how to calculate payroll taxes for small business payroll small business payroll company for small business payroll services small business small business payroll processing how to do small business payroll small business and payroll payroll systems for small businesses how to pay payroll taxes for small business small business payroll software reviews small business payroll programs how to do payroll taxes for small business small business payroll system payroll for small businesses small business payroll program payroll system for small business payroll company small business payroll for small business free payroll for small business owners payroll service small business free small business payroll free payroll services for small business payroll and tax software for small business how to set up payroll for small business payroll options for small business how to set up payroll for a small business Running a small business is hard enough without having to work out small business payroll taxes. Working with Jeff let us focus on our customers and running our business while he took care of the paperwork! G. & S. Morrison Call us today on: (818) 992-5800 or (800) 992-5800 http://www.jmrose.com
Views: 235 The Trust Report
eTax.com How to do Small Business Taxes
 
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http://www.etax.com If you're self-employed, tax time can be confusing. Filing a federal tax return doesn't have to be difficult, and with a little bit of information, independent contractors and small business owners can easily file returns just like the rest of the taxpaying population. When filing a return, you are required to include a Schedule C, Profit or Loss from Business, with your Form 1040. If you have profited from your business, you may be subject to a self-employment tax, which includes Medicare and Social Security taxes. To determine the amount of the tax you have to pay, fie Schedule SE, Self-Employment Tax, with your regular return. Running your own business can get expensive, but luckily there are some costs that can be deducted. Most expenses can be deducted in full, however some require long-term deduction. This type of deduction is called "depreciation", and requires you to deduct a percentage of the expense each year, for a specified number of years. Any deductions must be deemed necessary, and can't be uncommon. The expense must be typical to your industry, and required to help your business run smoothly and efficiently.
Views: 656 eTax.com
Filing Your Philadelphia Business Tax
 
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This video is about Philadelphia Business Income and Receipts Tax
Views: 1476 Ambrozy Accounting
Tax Write Offs For Self Employed Taxpayers
 
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Tax Write-Offs are your BUSINESS EXPENSES. Learn more about organizing your write-offs & calculating your estimated taxes, with the BUSINESS SPREADSHEET TEMPLATE. Get it HERE: https://www.amandarussell.mba/getthebusinessspreadsheet/
Views: 12498 Business Finance Coach
YouTube Tax Write-offs & IRS Deductions - Online Video Expenses  [How To's Day #3]
 
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With US taxes due very soon, there are 9 top tax deductions you should be thinking about if you are a full-time YouTuber. In this video, we discuss what business expenses you can and can't claim back if you make a living from YouTube. For more detailed rules on how to claim business expenses, check with the IRS or consult a tax professional: http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Deducting-Business-Expenses Read more about tax deductions on ReelSEO: http://www.reelseo.com/tax-deductions-us-youtubers/ What It Takes To Make A Living From YouTube's Partner Earnings: http://www.reelseo.com/youtube-partner-earnings/ GET MORE REELSEO! TONS MORE VIDEO NEWS & TIPS http://www.reelseo.com SUBSCRIBE NOW FOR OTHER VIDEO TIPS AND NEWS! http://www.youtube.com/subscription_center?add_user=reelseo SUBSCRIBE TO OUR PODCAST http://itunes.apple.com/us/podcast/reelweb-video-guide/id527822483 SUBSCRIBE TO OUR EMAIL LIST! http://rseo.co/ReelSEOemail LET'S CONNECT! ReelSEO ► http://www.reelseo.com Google+ ► http://gplus.to/reelseo Facebook ► http://facebook.com/reelseo Twitter ► http://twitter.com/reelseo Linkedin ► http://linkedin.com/today/reelseo.com Pinterest ► http://www.pinterest.com/reelseo
Views: 17040 Tubular Insights
How to Start a Tax Preparation Business
 
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How to Start a Tax Preparation Business. Part of the series: Filing Taxes. Starting up a business that does tax preparation involves first purchasing the right software. Obtain any locally-required licensing and credentials to start up a tax business with help from an enrolled agent in this free video on tax preparation. Read more: http://www.ehow.com/video_5361963_start-tax-preparation-business.html
Views: 8707 ehowfinance
Filing a Rental Property Tax Return
 
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So what happens if you can't sell you home and you've moved into a new one? A lot of people these days will simply rent out their old home without really thinking about the tax consequences of that. There are also a group of you that buy real estate and rent it out as an investment. I'm going to go through a couple things to take care of to file the rents on your income tax return. So lets get started. You want to be sure to keep track of your rental income and the expenses you spent for the year. I would recommend an excel file or a book that you keep the records in just to keep everything together in one place. You want to keep track of the rents your received, making sure you make a note of any security deposit you may have received. The security deposit isn't taxable as it will be returned, in theory, to the tenant at the end of their lease. The expenses you would normally have include advertising the property, lawn care or snow removal, management fees or commissions paid to a realtor, mortgage interest, home owners insurance, real estate taxes and any utilities you pay, not the tenants, like water & sewer. You can deduct maintenance and repairs but you must depreciate improvements. How to spot the difference, if the improvement increases the value of the property it must be depreciated, which means written off over several years. If its a repair, you are usually just replacing something that's broken like a switch plate cover or new door knob. You also get to deduct the cost of the property, less the land value, and depreciate over many years. You can look at your original settlement sheet to find the cost of the purchase, plus you'll want to add any improvements you made to the property whilst you were living there if thats the case. If you're just renting your former home temporarily until you sell it, you can maintain the home's "primary home" status and get the tax benefits as long as you do a couple things, first if you will have a profit on the sale of the home, then follow this advise. You don't want to take losses from the operations of the property off of your tax return, you still need to report it though, there is a special area of your return where you can do this. You must have lived in the home for at least 2 of 5 years as your primary home, and you must sell it within 5 years since you've moved out of the house. If the property is located within the city of Philadelphia, you'll need to have a business privilege license and pay Business Taxes on the rental. If you need more help getting everything together to prepare your return, there is a rental worksheet available at our website you can download.
Views: 25585 Ambrozy Accounting
Wave Accounting Tutorial - Tax service and year end filing (small business accounting)
 
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Visit Wave on GetApp - http://www.getapp.com/finance-accounting-software/a/wave-accounting/ Wave is great for freelancers to small businesses that need... - Real accounting, for non-accountants - Billing, invoicing and payroll - Real double entry accounting - Investment tracking - Financial reporting (Ledger, A/R, A/P, Income, Balance She - Bank integrations to eliminate manual entry - Multi-currency - Seamless invoicing & payroll - Personal finance tracking Visit Wave on GetApp - http://www.getapp.com/finance-accounting-software/a/wave-accounting/
Views: 3781 GetApp
HMRC Self Assessment Income Tax Return Deductions and tax avoidance for the small limited company
 
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Self Assessment Income Tax Return Deductions and Allowances for the Small Limited Company. If you need further help please contact an accountant or take a look at "Buy 101 Ways To Save Money On Your Tax - Legally" on Amazon. Amazon.co.uk: http://goo.gl/Zh8SaO (This is an affiliate Link) Amazon.com: http://goo.gl/0KhVaM (This is an affiliate link) I’m Martin Robertson and those are my 5 Top Tips on reducing the tax bill for a small limited company. Please note that you should seek advice from a qualified accountant before implementing tips two to five. For more 5 Top Tips for small business visit the Tosh Lubek channel on YouTube, where you can also leave a comment and subscribe. Description Martin Robertson is a director of Martin Robertson Associates, Chartered Accountants Falkirk and We Are Business Transformers Ltd. Martin Robertson provides accountancy, taxation and business transformation services to small and medium sized businesses so is ideally placed to provide tax avoidance advice to the sole trader. Please note tax avoid is legal however tax evasion is illegal and we do not recommend or condone it.* At the end of January small limited companies will be busy completing their Inland Revenue Self Assessment or income tax return and pay their tax bill. To help reduce their tax bill they could look at implementing some or all of the following tax avoidance tips. One. Know Your Numbers. Prepare your financials using accounting software and keep it up to date at least at the end of every month. Two or three months before your year-end pass the figures to your accountant so that they can: Firstly, give you an idea of what tax you can expect to pay based on the figures. Secondly, and most importantly they can give you some tax saving ideas which you can implement by your year-end. Two. Extract the profits from the company by taking a small salary and dividends In the year to 5th April 2015, assuming your salary and dividends from the company are your only sources of income, you could take a salary of £10,000 and dividends of £28,650 and have no personal tax to pay. The company would pay corporation tax. Three. Consider making your spouse or partner a business partner. This tip is only relevant if your spouse or partner is actually involved in the business performing a role which is necessary for the business to function properly. Four. Employ your children in the business as long as they are performing functions necessary to the business and are old enough to legally employ. To justify a deduction against your taxable profits you should pay them at the market rate for the duties performed. Five. If your business needs to replace vans, equipment or computers and you can find the finance buy them rather than rent them. For example, if you need to replace a piece of equipment costing ten thousand pounds if you get ownership of it your profits will be reduced by £10,000 in the year you buy it. If you rent it for two hundred pounds per month you will only get a tax deduction of two thousand four hundred. To get your tax deduction as early as possible buy these assets before your year-end, not the month after. * We recommend you seek professional advice from a qualified accountant before implementing any or all of these tax avoidance tips. The tips are provided for general interest and may help reduce the tax bill of sole traders. For HMRC tax rates and allowances visit: https://www.gov.uk/government/publications/rates-and-allowances-income-tax/rates-and-allowances-income-tax For a BBC News article on the rules of tax avoidance see: http://www.bbc.co.uk/news/business-27372841 5 Top Tips video HMRC Inland Revenue Self Assessment or Income Tax Return tax avoidance ideas for the Small Limited company can be viewed here: http://youtu.be/-6b3j08kdlY 5TopTipsTV
Views: 7951 Tosh Lubek
How to Get Your Tax ID Number For Free
 
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This is a short how to video on how to get your Tax ID number. I explain why you should not go to google or bing and type in Tax ID number. If you do you can spend upwards of $200 to get it. But if you follow my video and do it the way I show you. I promise that you will spend $0.00. Channel support Links of products seen on the Channel Fire TV Stick 4K with all-new Alexa Voice Remote, streaming media player https://amzn.to/2SZw07W Fire Tv Stick with Alexa Voice Remote https://amzn.to/2CoaMcN Fire TV Cube, hands-free with Alexa and 4K Ultra HD (includes all-new Alexa Voice Remote), streaming media player https://amzn.to/2SUD2uy Fire TV Recast, over-the-air DVR, 1 TB, 150 hours https://amzn.to/2sqW2VE Alexa Voice Remote for Amazon Fire TV and Fire TV Stick (1st Gen) https://amzn.to/2D9HFLD Amazon Ethernet Adapter for Amazon Fire TV Devices https://amzn.to/2VUO3O8
Views: 72746 The Guy
Direct Sales, Business 101: Taxes!
 
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Hello! Welcome to Direct Sales, Business 101...a video series on business tips for those of you direct sales entrepreneurs out there! My name is Christine Baldwin and I hope you take a minute to sit and watch this video about HOW to get your business started the right way when it comes to taxes!
Views: 2360 Christine Baldwin
What To Do When You Don't File A Small Business Tax Return? | Atlanta Tax Attorney Jeff Cohen
 
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There are numerous businesses across the country and throughout Atlanta that for a variety of reasons have not filed tax returns. Atlanta Tax Attorney Jeff Cohen recommends that business owners speak with a tax attorney to learn about their options, and to also see how the IRS may...or may not be handling their un-filed returns. To learn more about your options, and to see answers to other questions, be sure to visit http://www.irslawproblems.com.
Views: 256 IRS Law Problems
Sole Proprietor, LLC, or Corporation? - All Up In Yo' Business
 
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What The Heck is an S Corporation?: https://youtu.be/i5to7Da3wMw Top 10 Things Every LLC Needs: https://youtu.be/T826TLGEK9w The three most common types of structures for a small business are the sole proprietor, LLC, and corporation. These are by no means the only options for business structure; there are many more options out there (e.g., general partnerships, limited partnerships, limited liability partnerships, cooperatives, non-profit corporations, etc.). If you are operating as a sole proprietor, this means that you have not really formed any legal structure of a business entity. If you are just an individual making income from providing services or selling products and you have not registered anything with your state, then you are already operating as a sole proprietor. If you are operating under a trade name (e.g., if I am operating a lawn mowing service under the name “Aiden’s Lawn Mowing Service,” that would be the trade name), then you should file a Statement of Trade Name with the Secretary of State in order to register the fact that you are operating under that trade name. However, just because you file your trade name does not mean that you are an LLC or any kind of entity; you are still just a sole proprietor. The LLC is the most popular entity formation and that is because (in Colorado, at least) an LLC is inexpensive and relatively simple to start and run. To form an LLC, all you have to do is file Articles of Organization with the Secretary of State (or whatever agency operates business organizations in your state) and boom! you've got yourself an LLC. Of course, there are other things you need to do to make sure your LLC is going to protect you personally and to avoid piercing the corporate veil. Similar to a sole proprietor, all of the income to the business is taxed as if it were personal income to the business owner. Finally, the biggest difference between an LLC and sole proprietor is that an LLC does give you that liability protection. So, if there is a lawsuit, or if the LLC is subject to some liability, then you as the business owner should be personally protected and your personal assets would most likely be safe from those liabilities. When I say "corporation" in this context, I am referring to a C-Corporation specifically. (I'm going to touch on the S-Corporation in just a minute.) The corporation is a little bit more complicated and expensive to set up, but there are some instances where it would be useful to have a corporation. First, it’s important to know that there are three groups of players in a corporation: Shareholders, Board of Directors, and Officers. Shareholders are basically the owners; they own shares of the corporation. The Board of Directors is responsible for making decisions about the operation of the corporation. And the Officers are generally those that are actually participating in the business and managing the business and all of its activities. Despite these various players, a small business can still form as a corporation and the Shareholder, Board of Directors, and Officers can all be one person. In other words, one person can hold multiple positions within the corporation. To create a corporation, you will need to file Articles of Incorporation with the Secretary of State. You will also need to write Bylaws, which are essentially the same as an Operating Agreement. The Bylaws say how the corporation is going to be run and managed and operated. If there are going to be multiple shareholders, then you will probably also want to have a Shareholder Agreement. One of the biggest drawbacks of a corporation is that corporations are subject to double taxation. When money comes into the business it is taxed at the corporate rate as income to the corporation, then when money is distributed to the shareholders, it is taxed again as dividends to the shareholders. Finally, just like an LLC, the corporation provides liability protection to the Shareholders, the Board of Directors, and the Officers in most instances. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 187301 180 Law Co. LLC
Small Business Canada – Critical decisions every Canadian Small Business Needs to Make
 
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Small Business Canada – Critical decisions every Canadian Small Business Needs to Make (Video 1 of 3) SPRING 2016 PROMOTION - ONLY $39 USD ON UDEMY UNTIL April 30, 2017. Take the full Small Business Blueprint on Udemy for only $39. Just click on this coupon link: https://www.udemy.com/small-business-blueprint/?couponCode=youtube_39promo In this video training tutorial I review the critical decisions a small business owner needs to take when starting a small business in Canada. We’ll review what can go wrong if things are not done properly from the start such as late HST filing, payroll deductions remittances and GST filing. Additionally, we will review the decisions related to setting up your business legally using one of the forms of organization – Canadian proprietorship, partnership and Canadian corporations. We’ll also go over the ways you pay yourself (salary and dividends). Finally we will look at bookkeeping and accounting issues that you need to be aware of as well as some operation factors you’ll need to consider. This is the first of three free training videos leading to the launch of the Small Business Blueprint offered at SBC Knowledge Systems Inc. To watch the remaining tutorial in this training series, click on the following links: Video 2 – Tax Planning Strategies for Canadian Small Business https://www.youtube.com/watch?v=uadaKGIg7-U Video 3 – Secrets to Entrepreneurial & Small Business Success https://www.youtube.com/watch?v=A3rxLyM6puE Small Business Blueprint – Course Enrollment http://smallbusinessblueprint.kajabi.com/sp/29330-sbb-sales-page In the Small Business Blueprint we cover a number of vital topic areas related to starting a small business in Canada such as: - forms of business organization in Canada – Proprietorship, Partnership & Corporation - Advantages & disadvantages of each type - Partnership agreements and shareholder agreements - Starting a small business in Canada – Step by step checklist - Compensation strategies – how to pay yourself with salary or dividends - Tax savings strategies – Small business tax tips to help you save money - Small business tax write-offs and deductions – What you can and cannot deduct - Small business accounting – what you need to keep - Small business bookkeeping – how to setup up your bookkeeping system fast and easy Check out some additional Canadian small business resources here on YouTube - Some great small business tax loopholes from Allan Madan, CPA, CA https://www.youtube.com/watch?v=TQ3lzpKq0Is - Set up a New Business In Four Steps from the Canada Business Network - https://www.youtube.com/watch?v=Bv1MSHM-kzM - 5 Tips to Reduce Your Canadian Small Business Tax Bill (Webinar) - https://www.youtube.com/watch?v=cYYeIsNeHCM - Starting a Small Business in Canada by the Business Development Centre https://www.youtube.com/watch?v=z7Qq6p3PPs0 - GST/HST Payroll Tax Accounts for your business by the Business Development Centre https://www.youtube.com/watch?v=Hg4DFJpatNY Check out our other courses and resources at http://www.sbcknowledge.com
Views: 53848 Ian DiNovo
S-Corporation How to Correctly Complete Form 2553 Election by a Small Business Corporation Form 8832
 
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S-Corporation How to Correctly Complete Form 2553 Election by a Small Business Corporation Form 8832 ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp Business ownership is adventurous, rewarding, and completely confusing. Sure you can come up with the next business idea and change the world with a single event, but how do you organize and run the business side of that idea? Should you set up an LLC and how should it be taxed? Are you prepared to streamline this new business venture and idea? What information should you consider in your business that's meaningful, and when do you implement it? Where do you go to find the best tools possible for your business? How do you save money on taxes? Where do you set up your new company? What technology should you use to make running your business easier? These aren't the things that we learn in school, and chances are you don't have time for trial and error. You're here to make money doing what you love, and I'm here to make that easier for you and absolutely practical. ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp In this Bootcamp for Converting to S-Corp (Form 2553), you will walk away with knowledge such as; How do you to properly start your business, ~ Why you should consider S-corporation (Form 2553) for your business venture, ~ How do you properly complete S-Corporation (Form 2553) correctly when you are NOT late in electing, ~ How do you properly complete S-Corporation (Form 2553) correctly when you ARE late in electing, ~ What are the IRS S-corporation expectations and requirement for your S-Corporation (Form 2553), ~ What are the best 2018+ tax reform business savings for my S-Corporation (Form 2553), ~ What are the best business and accounting apps to use to make running a business easier and are there exclusive offers for them through AdvisorFi.com, and much more! ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp By the end of this S-Corp Bootcamp, your business venture will be in tip-top shape to make your dreams and tax savings become reality. You'll have a complete plan for how to set up your business venture correctly that saves you money and time, and rolling out the best technology that will make business ownership as an S-Corporation a breeze! This online course is the first of it's kind and is the beginning of a series of educational online products to be created by Will Lopez, Founder of AdvisorFi. Needless to say, we are excited to show you how successful business ownership is really done. :) ★ S-CORP ONLINE COURSE NOW AVAILABLE (CLICK☞): https://bootcamp.advisorfi.com/p/s-corporation-bootcamp Video tutorial to learn more about S-Corporation tax status by a Small Business and how to Complete Form 2553, Election by a Small Business Corporation. For more information visit: http://advisorfi.com =========== FREE Consultations (CLICK☞): http://meetme.so/freebie =========== Gusto Payroll (CLICK☞): https://gusto.com/r/uBiOb =========== Subscribe (CLICK☞): https://goo.gl/o8hRuk =========== Best Playlist (CLICK☞): https://goo.gl/99mHD2 =========== Xero Profile: https://www.xero.com/us/advisors/accountant/2014/advisorficom/ =========== Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues S-Corp Calculator: http://www.myllc.com/corporation-calculator.aspx SE Tax: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Self-Employment-Tax-Social-Security-and-Medicare-Taxes LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp What S-Corp Approval Looks Like: https://www.irs.gov/pub/notices/cp261_english.pdf =========== FREE Consultations (CLICK☞): http://meetme.so/freebie =========== Gusto Payroll (CLICK☞): https://gusto.com/r/uBiOb =========== Subscribe (CLICK☞): https://goo.gl/o8hRuk =========== Best Playlist (CLICK☞): https://goo.gl/99mHD2 =========== Xero Profile: https://www.xero.com/us/advisors/accountant/2014/advisorficom/ =========== Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur, Xero, Xero Accounting, Xero Partner Program, Silver Award, Bang the Keyboard, What's In The Box, Unboxing, Debit Cash Credit Life, Not So Shabby, Accounting, Rod Drury, Tsheets, Zenefits, ThrivealCPAs, Gusto Payroll, ★ Please LIKE Comment & SUBSCRIBE: https://goo.gl/o8hRuk ★ Thanks for watching http://AdvisorFi.com ★ Music from YouTube: https://www.youtube.com/audiolibrary/music #Accounting #Business #Taxes
Views: 53373 advisorfi.com
10 Red Flags That Can Cause a Tax Audit
 
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Getting audited by the IRS can be a little scary – not to mention frustrating. In order to avoid being singled-out, do everything you can to avoid making the following mistakes that the IRS deems to be red-flags
Views: 100637 docstocTV
Top 10 Things Every LLC Needs - All Up In Yo' Business
 
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10. Agreements. Whether they are service agreements, independent contractor agreements, subcontractor agreements, etc., most small businesses are going to need some sort of an agreement in place to operate safely (in the legal sense) and effectively. The type of small business you have will determine the types of agreements you will need to have in place. For example, as an attorney, I have a service agreement (called an Engagement Letter) with each and every client that makes it clear what I am going to be doing for the client, my fees, how the client can expect to be billed, what I expect or need from the client, my policies that affect the client, what happens if there is a disagreement between us, and so on and so forth. Most, if not all, small businesses that provide a service to their customers should, at a minimum, at least have a similar type of service agreement with their clients. It protects both the small business and the client. 9, 8, & 7. Licenses. Specifically, Tax Licenses, Business Licenses, and Other Licenses. Honestly, they are all equally important and depend largely on the nature of your small business. 6. Form 2553 (S Corp). This is the IRS form that needs to be filed if you want your small business to elect to be taxed as an S Corporation. Whether or not you need to file form 2553 is going to depend on whether it would make sense for you tax-wise to elect to be taxed as an S Corp. 5. Insurance (General Liability, Workers Comp, etc.). Every small business is going to need some type(s) of insurance. The type of insurance your small business will need also depends on what type of business you are operating. 4. Initial Resolution/Consent. Although this isn’t necessary (at least in Colorado) for all small businesses, it is usually a good idea to have an Initial Resolution or Initial Consent to Action when starting a small business in order to demonstrate that your business has adopted certain documents, like it’s Operating Agreement or Articles of Organization, and that you as the business owner have resolved to operate your business in accordance with those documents. 3. Form SS-4 (Federal Tax ID). IRS Form SS-4 Application for Employer Identification Number is the form that you file with the IRS to get a Federal Tax ID number (aka EIN or Employer Identification Number) for your small business. 2. Operating Agreement or By-Laws. Every LLC needs an Operating Agreement. Let me say that again in case you missed it: every LLC needs an Operating Agreement. Even if it is not required by statute (Colorado does not require it), it is still a vital internal document for your small business to have. An Operating Agreement is the internal document where the owner or owners (aka the members) agree on how the business is going to be operated, i.e., type and nature of business; what the business is going to do; how members are going to get paid; how distributions are going to be made; what will happen in the event of disagreement between the members; etc. All of this information is set forth in the Operating Agreement. The By-Laws of a corporation serve basically the same purpose as the Operating Agreement of an LLC. 1. Articles of Organization (or Articles of Incorporation). Every single LLC in existence must have Articles of Organization. I can say this with complete certainty because you will need to file Articles of Organization with the Secretary of State in order to create your LLC. Bottom line: if you did not file Articles of Organization, then you don’t have an LLC. Similarly, every corporation in existence must have Articles of Incorporation. The Articles of Organization or Incorporation are what brings the LLC or corporation into a legal existence. Without them, your small business, whether it is a corporation or an LLC, does not legally exist. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 151903 180 Law Co. LLC
End of the Year Business Checklist - All Up In Yo' Business
 
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As we get closer to the end of the year and starting a brand new year, a lot of business owners start thinking about what they need to do to tie up loose ends for from the past year to set themselves up for success in the upcoming new year. If that's you, then read on for my End of the Year Business Checklist. 1. Verify Information for Contractors. As the end of the year approaches, you want to make sure you verify the information for all of your independent contractors. You’ll have to start preparing 1099s to send to your independent contractors early next year, so its best that you start now and make sure you have their mailing address, social security number or tax ID number, and the financial information you’ll need to send out those 1099s come January. 2. Prepare for Taxes. A new year brings new taxes to file. (Woohoo!...not.) Start making sure you have everything in order for your CPA to make tax time as painless as possible. 3. Hold Your Annual Meeting. If your state, your bylaws, or your operating agreement require that you have an annual meeting of the members or shareholders or owners, and you haven’t done that already, it’s probably time to start thinking about holding that annual meeting. 4. Make a Budget. Now is a great time to start thinking about your budget for next year. Putting down some numbers of what you expect to bring in, expenses that you know you’ll have or that you expect to have, and making a plan of attack so you don’t end up way over-spending is a great idea and is something you can do now if you haven’t done already. 5. Set Some Goals. Another way you can start planning for next year is to start writing down some of the goals for your business for next year. 6. Check Your Status with the Secretary of State. Now is a good time to check your status with the Secretary of State and make sure your business is still in good standing. 7. Amend Your Articles of Organization/Incorporation. While you are on the Secretary of State's website, you might as well think about whether or not you need to amend your Articles of Organization. If your business name has changed, if your primary business location has moved, or you changed your registered agent, you can file Articles of Amendment to update that information. 8. Consider an S Corporation. If your business is not already taxed as an S Corporation, now is a good time to start thinking about making the switch. After the new year, you have two and a half months to file paperwork to elect to be taxed as an S Corporation. If you haven’t already done so, talk to your CPA and determine if that is the right thing to do because the clock is going to start ticking and you will have a limited amount of time to do that next year. 9. Review Your Contracts. Dust off all those old third-party contracts. There’s a good chance some of them may have already expired or will be expiring. Now's the be time to start thinking about if you can renegotiate some terms. Many contracts will automatically renew at the end of the contract term. You may need to give advanced written notice to the other party if you want to cancel the contract before it renews. Reviewing those contracts will help jog your memory as to the written notice that is necessary to cancel the contract. 10. Schedule Meetings. Meet with your advisors, mentors, coaches, and anybody else who helps you with your business. People like your CPA or accountant; you’ll want to get together with them soon to make sure that they have everything that they need so there won’t be any issues or questions that come up during tax time. Meet with your attorney for assistance with reviewing your contracts, amending your Articles of Organization, or holding your annual meeting. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 5640 180 Law Co. LLC
2015 Tax Preparation Tips for Small Business
 
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Debby Miller, President of Phases Accounting shares important  small business federal and state income tax preparation tips for 2015 year end.  For more small business tax planning and year end tax preparation help go to: http://PhasesAccounting.com
Views: 776 Derek Packard
Small Business Tax Deductions   How to Save Money on Taxes
 
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Views: 3369 Be A Hero
How to Apply for a U.S. EIN as a Sole Proprietor, August 2015
 
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Business coach Bailey Richert shows sole proprietors how they can apply for a U.S. federal employer identification number (EIN) online at the IRS website. http://www.irs.gov/Businesses/Small-B...
Views: 10562 Bailey Richert
How To Organize Receipts
 
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Neat Receipt Mobile Scanner: http://full.sc/1E0ndb1 GET YOUR FREE AUDIO BOOK: http://www.audibletrial.com/AtHomeWithNikki Other Places To Find Me: AT HOME WITH NIKKI: http://www.youtube.com/user/athomewithnikki NIKRIS DESIGNS: http://www.youtube.com/nikrisdesigns MY BLOG : http://www.athomewithnikki.com MY FACEBOOK : http://www.facebook.com/AtHomeWithNikki MY TWITTER : https://twitter.com/athomewithnikki MY PINTEREST : http://pinterest.com/athomewithnikki MY INSTAGRAM : http://instagram.com/athomewithnikki MY ONLINE STORE: http://www.NikrisDesigns.com MY MAILING ADDRESS : At Home With Nikki Po Box 51635 Summerville, SC 29485 MY EMAIL: [email protected] MUSIC CREDIT: Royalty Free Music by http://audiomicro.com/royalty-free-music
Views: 52749 AtWorkWithNikki
Organizing For tax season- My Paparazzi Accessories business
 
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This is how I keep all my paperwork organized during my selling year. Makes it super easy during tax season.
Views: 3902 BlingingBeauties
Introduction to S Corporations & LLC's - Part 1
 
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Part 1- Lecture Content S corporations and Limited Liability Companies (LLC) are common entity choices for small business owners. S corporation shareholders and LLC members often benefit from certain tax advantages that are available to them. At the same time failure to correctly adhere to tax laws affecting these entity types can result in erroneous tax return filings that can result in significant IRS penalties. Introduction to S Corporations and LLCs is a two-part series which provides tax professionals with an in-depth look at the rules for preparing Forms 1120S and 1065. * Part 1 focuses on entity classification choices and provides instructions for the completion of Form 1065, US Return of Partnership Income. * Part 2 focuses on the preparation of Form 1120S, US Income Tax Return for an S Corporation. Topics Covered * Overview of the different entity types a business may operate as including: sole proprietorship, qualified joint venture, partnership, corporation and S corporation * Advantages and disadvantages if the different entity types * businesses operate under * How different business entity types are taxed * How an unincorporated entity can elect to be taxed as a corporation * Instructions for completion of Form 8832 Entity Classification Election * Instructions for late filing relief for Form 8832 Entity Classification Election * Rules relating to the reporting of income and expenses by a partnership * Instructions for preparation of Form 1065 U.S. Return of Partnership Income * Preparation of Form 1065 Schedules K and K-1 * Analysis of net income of a partnership * Preparation of Schedule L, partnership Balance Sheet per Books * Schedule M-1, Reconcilliation of Income (Loss) per Books with Income (Loss) per Return * Schedule M-2, Analysis of Partner's Capital Accounts * Form 1125-A, Cost of Good Sold * Determining partner's adjusted basis in a partnership * Reporting portfolio income of a partnership or S corporation * Reporting rental income of a partnership or S corporation * Grouping of activities You can purchase the manual for this course for $5.99 at http://pnwtaxschool.com/oc-catalog/selfpaced/section-1100?formats=8 Pacific Northwest Tax School is approved by the following organizations as a provider of continuing education: * The IRS * NASBA QAS (NASBA Sponsor #109290), * Oregon Tax Board, * The Texas State Board of Public Accountancy (Texas Sponsor #009794) * The New York State Board for Public Accountancy (Sponsor License #002479) You can receive 5 hours of CE for $80 by enrolling in this course at http://pnwtaxschool.com/oc-catalog/all/section-1015 Terms of Use or Enrollment Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.
Small Business Owner Fighting To Recover Life Saving Seized By IRS   Outnumbered
 
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Small Business Owner Fighting To Recover Life Saving Seized By IRS - Outnumbered ==============================­=========­=­=== **Please Click Below to SUBSCRIBE for More "Mass Tea Party" Videos: http://goo.gl/Z5ShLs ==============================­=========­=­===
New IRS rule hurting small businesses?
 
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FBN’s Gerri Willis and small business owner Randy Noel discuss the impact of a new IRS rule on small businesses. Watch Charles Payne talk about Finance Accounting, Management, Regulation, Tax Reform, and Taxes on Cavuto.
Views: 627 Fox Business
How Do Corporations Avoid Paying Taxes?
 
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Ah tax day, April 15th is one of the most agonizing days of the year for most Americans. But many multi-billion-dollar companies aren't stressing – they're finding legal loopholes to avoid paying taxes. Here are just four corporations that haven’t paid their fair share to Uncle Sam. Help AJ+ win a Webby: http://pv.webbyawards.com/2015/online-film-video/video-channels-and-networks/news-information-channel Voting ends Thursday, April 23 at 11:59pm PST and you can only vote once. Subscribe for more videos: http://www.youtube.com/channel/UCV3Nm3T-XAgVhKH9jT0ViRg?sub_confirmation=1 Like us on Facebook: https://www.facebook.com/ajplusenglish Download the AJ+ app at http://www.ajplus.net/ Follow us on Twitter: https://twitter.com/ajplus
Views: 42148 AJ+
Small Business Tax Structure
 
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iOS App to Learn Accounting - https://appsto.re/us/rIxNZ.i Droid: https://play.google.com/store/apps/details?id=com.gaxon.afd More At: http://accountingplay.com -CPA Small Business Accounting Tips, United States -Communicating with Your Advisors -Legal Structure of a Business -Personal Liability and Business -Tax -Accounting for a Small Business
Views: 306 Accounting Play