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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
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: 941 ehowfinance
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: 19496 Olivia Hayward
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: 30542 Ian DiNovo
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: 34520 Ambrozy Accounting
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: 25579 EntrepreneurGirl
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: 91778 docstocTV
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: 4470 Entrepreneur
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: 11306 Project Life Mastery
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: 437440 David A. Cox
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: 755 Derek Packard
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: 9953 Cedric Jenkins
Filing Your Philadelphia Business Tax
 
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This video is about Philadelphia Business Income and Receipts Tax
Views: 1163 Ambrozy Accounting
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: 214890 InstituteForJustice
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: 43006 advisorfi.com
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: 636 eTax.com
What happens when you collect sales tax (but don't remit it) - Will's Whiteboard
 
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Get more sales tax tips here: http://www.avalara.com/learn/ In the state of New York there was an auto repair shop owner, and he was charged with 16 felonies for violating New York state sales tax law. A big part of that was the fact that he had collected $120,000 worth of sales tax and not remitted it to the state. This is a pretty extreme example and there are actually a few number of businesses that get hit with criminal charges for this, but more businesses than you think end up collecting sales tax and not filing it, and there can be other consequences for this. So, today we're going to talk about how you might end up in this situation and what you can do to avoid it. Okay, so for simplicity's sake, let's just say that there are two paths when it comes to sales tax compliance. One is the straight and narrow. You're complying with most of the sales tax laws that apply to you. The other one ultimately can end up, like it did for that New York auto repair owner, in prison with criminal charges. But, like we said, that doesn't happen to most businesses. However, there are other things that can happen if you end up collecting sales tax but not remitting it to the right state authorities. For example, if acquisition is one of your exit strategies and the company that's considering acquiring you, in doing their due diligence, sees that you have a great deal of sales tax liability because you've been collecting and not remitting, that can be a deal breaker. Also, if the state finds out you've been collecting their money and not remitting it to them, it's highly likely that they're going to hit you with penalties and interest and you're going to have to pay back the back taxes that you owe them. Well, how does this happen? How businesses go from the straight and narrow to facing these consequences? A couple of typical ways. One, you do business in a state where you haven't registered and you're collecting sales tax, but you haven't registered there and you're not remitting it there. Now, this is kind of Sales Tax 101, but some businesses don't realize you need to register in a state in order to collect sales tax there. It's like having a driver's license, you need it to legally be able to drive. Once you register, the state should send you reminders asking you to file and remit sales tax. The other way that this happens is you're registered in a state or a jurisdiction, and you misreport or you under report and remit the amount of sales tax that you owe the state. This could happen from a simple error. Maybe you've made an error, you realize it, but it's been long enough that you don't know how to come clean. That's another reason businesses can end up in these situations. So, let's talk about three ways to keep you on the straight and narrow. Number one, err on the side of compliance. If there's any question in your mind, "Should I register here? Should I collect? Should I remit?", seek out expert advice right away because you don't want to find yourself going down this path. Second point, deal with these issues in a timely manner. For example, if you realize that you've made a mistake and you've misreported or under reported and remitted sales tax to the state authorities, seek the advice of an accountant or an expert and learn the best way to come clean with the state as soon as possible. The longer this type of thing goes on, the more risk you carry. Finally, put systems in place that make it easy for you to balance your ledger. So, you're less likely to remit the wrong amount or not remit enough. These systems could be, for example, Avalara's AvaTax or Avalara's Returns products. These will really help you do the correct reporting and automate your returns process, so that you're at far less risk of making the mistakes that can put you along this path. I hope this helps you and I'll talk to you next time.
Views: 6715 Avalara
Purpose of Income | For small Business | watch before pay Income tax (Hindi)
 
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Here is a another video from youtube radio about income tax here Mr. Saikat talks about Income is what and why should we pay tax you should watch it if you are a small business man and if you are a tax payee plz refer it to non tax payee ----------------------------------- Dakta rahia Youtube Radio visit our Fb Page - www.facebook.com/iamamlankundu Our youtube channel - www.youtube.com/+youtuberadio or www.youtube.com/c/youtuberadio
Views: 3371 Amlan Kundu
Company Tax Returns UK
 
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Quick intro and overview of the online course available on Udemy: https://www.udemy.com/corporation-tax-returns-uk/learn/
Views: 5027 Lisa Newton
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: 234 The Trust Report
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
Tax Return Tips
 
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http://www.howdoesthat.com/4-must-know-tax-return-tips/ 4 Must Know Tax Return Tips 4 Must Know Tax Return Tips Filing of tax returns is one of the most daunting things that you have no option but do. In fact, the issue of tax returns is not only challenging for first timers but even the seasoned, highly experienced taxpayers as well in the country. Taxes can be quite overwhelming and you really have no reason to panic whatsoever. Being ware of some few tips can really go along way in making the experience less stressful for you as explained here below: Get organized Tax returns revolve around documentation and poor organization can give you a seriously hard time than you would probably imagine. Whether you are employed, self employed or get your money from other sources, get all the documents you need in order. A good way to go about documentation is creating a folder where you can keep all the necessary tax documents. File all the tax forms and earning statements nicely and you can surely expect to have an easy time when filing your tax returns. 2014 taxes alex taxes 2014 bill tull's tax tips canadian tax tips cook county treasurer property taxes deadline for taxes 2014 employer payroll taxes 2014 end of year tax tips estate taxes 2014 estimated taxes 2014 federal taxes federal taxes 2014 first day to file taxes 2014 hcad harris county property taxes irs 2014 taxes irs tax tips last day to file taxes 2014 last minute tax tips 2014 mortgage calculator with taxes mortgage calculator with taxes and insurance property taxes sales tax tips and markup small business tax tips social security taxes 2014 south-western federal taxation 2014 individual income taxes tax estimator tax estimator 2014 tax estimator 2015 tax tip limits tax tips tax tips - indirect taxes tax tips 2013 tax tips 2014 tax tips calculator tax tips canada tax tips for 2011.com tax tips for 2014 tax tips for 2015 tax tips for amazon sellers tax tips for body workers tax tips for clergy tax tips for divorced dads tax tips for farmers tax tips for freelancers tax tips for hairstylists tax tips for homeowners tax tips for horse owners tax tips for independent contractors tax tips for landlords tax tips for married couples tax tips for newlyweds tax tips for real estate agents tax tips for realtors tax tips for rental property owners tax tips for retired people tax tips for self employed tax tips for self employed 2014 tax tips for senior citizens tax tips for singles tax tips for small business tax tips for small business 2014 tax tips for small business owners tax tips for sole proprietors tax tips for travel nurses tax tips if employer does not pay taxes tax tips newsletter tax tips on tape taxes taxes 2014 taxes 2014 brackets taxes 2014 calculator taxes 2014 canada taxes 2014 changes taxes 2014 child tax credits taxes 2014 date taxes 2014 dates taxes 2014 deadline taxes 2014 deductions taxes 2014 delay taxes 2014 due taxes 2014 due date taxes 2014 eic taxes 2014 estimate taxes 2014 extension taxes 2014 for dummies taxes 2014 forms taxes 2014 husband died taxes 2014 illinois taxes 2014 irs taxes 2014 medical deductions taxes 2014 medical mileage taxes 2014 news taxes 2014 personal exemption taxes 2014 refund taxes 2014 refund cycle chart taxes 2014 refund dates taxes 2014 software taxes 2014 usa taxes 2015 taxes and business strategy taxes and smuggling crash course taxes and tardis taxes are too damn high taxes are voluntary taxes by state taxes calculator taxes calculator app free taxes economics taxes explained taxes for dummies taxes for dummies 2014 taxes for dummies 2015 taxes for free taxes in denmark taxes in new hampshire taxes made simple taxes microeconomics taxes on inherited money taxes on lottery winnings taxes on lump sum retirement payouts taxes on pension income taxes on social security taxes on social security benefits taxes on social security income taxes online taxes online for free taxes online free taxes poker taxes song taxes taken out of paycheck taxes taken out of paycheck calculator taxes withheld from paycheck taxes.state.mn.us taxtips.ca top 10 tax tips for 2014 when can you file 2014 taxes when can you file taxes 2014 when to file taxes 2014 year end tax tips
Views: 618 How Does That.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: 16136 RockstarFlipper
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
How I Sort My Tax and Accounts... in the UK and Self Employed in 2015 [26]
 
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NEW for 2018! Please help support this channel on Patreon: https://www.patreon.com/andymacdrums PLEASE NOTE: This is an old video and may use figures and terminology which are no longer applicable to current tax years. If in doubt speak to an accountant and refer to the latest information on the HMRC web site: https://www.gov.uk/browse/business If you're one of the millions of self employed people in the UK it's important that you have a handle on tax and accounts. In this video I'm rambling on about how I do my Self Assessment tax return. This is predominantly aimed at people in the UK who run their own small business but feel free to watch it even if you're outside the UK 'cause tax really is that interesting. Note that I'M NOT AN ACCOUNTANT and in 20 minutes I'm only covering some very basic accountancy concepts that all small business owners should understand. SPEAK TO AN ACCOUNTANT! Don't forget to hit SUBSCRIBE! Related Videos: Top 10 Self Employment Tips! https://www.youtube.com/watch?v=3JKOGJ9lDPo ENJOY THE VIDEOS? I WOULDN'T SAY NO TO A COFFEE! :-) https://www.patreon.com/andymacdrums EXTRA WEB CONTENT: http://www.andymacdrums.uk
Views: 52220 Andy Mac Drums
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.
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: 2619 GetApp
How to Save TAX? 3 Legal Ways to Save TAX | Vishal Thakkar
 
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The Finance Guru is back with yet another informative video that will solve all your queries about things that should be keep in mind.Today's topic of discussion 'How to Save TAX? 3 Legal Ways to Save TAX' To Learn More, Please Watch the video!! Secret Behind 0% EMI | Vishal Thakkar https://youtu.be/ald56Yjjwkw For More Updates follow me on: Facebook Link...https://www.facebook.com/tovishalthakkar Twitter Link...https://twitter.com/authorvishalt?lang=en Linked in Link. in.linkedin.com/in/vishalthakkar1405/ To know more about my channel, SUBSCRIBE now http://www.youtube.com/user/financetubebyvishalt?sub_confirmation=1
Views: 53352 Finance Tube
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: 7245 Tosh Lubek
13. Quickbooks Online - HOW TO PAY TAXES !!!!
 
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COMPLETE QUICKBOOKS PLAYLIST: https://www.youtube.com/watch?v=hdRLWj4K6aA&list=PLnWrVWj1APWsrEKbX8ZdhRMTvqONkc24d MY COOKING / PERSONAL CHANNEL: https://www.youtube.com/watch?v=ekSlt4mox10&list=PL6oq3Yy8TRGwG6e9O2ltr0aUdpYHMfkj6
Views: 64858 Village Park Source
Sole Proprietors and Single Member LLCs
 
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Lecture Content This lecture discusses rules relating to reporting of income and expenses on Schedule C. Income and expense reporting on Schedule C frequently involves preparation of other tax forms such as Forms 4562, Depreciation & Amortization, and 4797, Sales of Business Property. Topics Covered * Overview of how small businesses are taxed * Line-by-line instructions for completion of Schedule C * Accounting methods * Determining when a business must issue Form(s) 1099 * Form W-9 - Request for Taxpayer Identification Number and Certification * Procedures for issuing Form(s) 1099 and issuance of "B" notices to payees who fail to provide a valid TIN * IRS TIN matching process * Overview of Form 1099 MISC * Identifying and reporting business income amounts * Determining the deductibility of business and expenses * Automobile expense reporting requirements * Definition of materials and supplies for 2014 and later years * Family daycare provider businesses * Cost of goods sold * Business use of automobile * Deductibility of business expenses * Meal and entertainment expenses * Determining your tax home for purposes of deducting travel expenses * Figuring the deductible part of travel expenses for travel outside of the United States * Daily per diem rates * AMTRAK Act * Form 4562 Depreciation and Amortization * Cost of goods sold (COGS) * Business gift expenses and the $25 limit * Work-related education expenses * Business use of home * Line-by-line instructions for preparation of Form 8829 - Expenses for Business Use of Your Home * Simplified option for home office deduction * Domestic activities production deduction and instructions for Form 8903 * Employee payroll rules * Payroll tax reporting * Social Security Number Verification Service (SSNVS) * Preparation of Schedule SE to figure self-employment tax under the regular and optional methods * Local tax concerns * Special rules relating to farm income * Net operating loss rules * Record-keeping and financial management for business owners 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.
HOW THE IRS WILL FIND OUT YOUR INCOME EVEN IF YOU DONT FILE  TAXES
 
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Yes, the IRS is really cracking down on discovering earnings from us hard working people. Check out my video on how the IRS discovered my earnings from selling on Ebay
Views: 5453 ravanlp
Small Business Tax Deductions   How to Save Money on Taxes
 
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Views: 3363 Be A Hero
Sole Proprietorship Taxation
 
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This video provides a brief overview of taxation of the sole proprietorship. For more free business resources, visit JMG | TheBusinessProfess (www.TheBusinessProfessor.com).
Views: 3863 Jason Mance Gordon
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
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: (720) 722-0639 and [email protected] Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/aidenhkramer www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB
Views: 13375 180 Law Co. LLC
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.
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: 232 IRS Law Problems
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: 47289 advisorfi.com
E-Filing an IRS Tax Extension
 
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http://ExpressExtension.com Download iOS App: https://itunes.apple.com/us/app/express-4868/id964481551?mt=8 Download Android App: https://play.google.com/store/apps/details?id=com.span.expressextension4868 An income tax extension can be filed by individuals, businesses, or exempt organizations that need additional time to file their Federal Income Tax Return. Depending on the extension type, you can extend your deadline to file by up to six months. Keep in mind that this means only your time to file is extended; extension forms do not extend the time you have to pay any income taxes owed to the IRS. Personal tax extensions are filed with IRS Form 4868, and can be filed by Individuals, 1099 contractors, single member LLCs, and Schedule C sole proprietors to receive an extra 6 months to file. Business tax extensions are filed with IRS Form 7004, and can be filed by multi-member LLCs, C corporations, S corporations, partnerships, trusts, and estates, among others. Form 7004 filers are eligible for a 5- or 6-month extension depending on the type of business. Non-profit tax extensions are filed in two parts with Form 8868 to apply for a 3- to 6-month extension. The deadline to file an extension form with the IRS is generally the original tax filing deadline. For personal tax extensions, this date is April 15; business extensions are due on March 15; and for non-profit and other tax-exempt organizations, the traditional due date is May 15. Although, this date could be different depending on your organization’s fiscal year. The easiest way to file your tax extension form is through the IRS-authorized e-file provider, ExpressExtension.com. With our simple process and automatic error checks, you can have your extension filed in a matter of minutes. Simply create an account to begin, and the system will walk you through the filing process, step by step, to ensure your information is entered accurately. You can also pay your estimated tax due to the IRS before transmitting if you’d like. Once you’ve transmitted your form to the IRS, you’ll receive an email confirming that the IRS has either accepted or rejected your extension. Why should you e-file? Because e-filing helps you to be more accurate when filing your extension form. The IRS estimates that 24% of paper filers make simple errors that only 1% of e-filers make. But, if you do make an error and your form is rejected, you can re-transmit with ExpressExtension at no additional charge. Plus, when you e-file with us, we’ll send you an acknowledgement email that the IRS has received and accepted or rejected your extension. It’s not the IRS’s policy to let paper filers know when an extension form is received, so there’s really no way to know the status of your form unless you e-file with ExpressExtension. If you have any questions about e-filing your tax extension, you can contact us at our Rock Hill, SC based support center at 803-514-5155. Or you can send us an email at [email protected]
Views: 1954 ExpressExtension
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: 8154 Bailey Richert
Hobby or Business: The IRS Wants Proof! | VLOG 043
 
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Vlog 043 December 13, 2015 Get more of my stuff at http://CharronZone.Com/. In this video, I talk about the whole business vs hobby dilemma. If you have losses in your business and you want to "right off" those losses against any income you have, you'll want to be able to prove to the government that you are operating a business and not just a hobby. There are a few things you'll want to do to show proof that you are running a business. Video Index: Good Records Work Your Business Regularly Get Advice From Experts Prepare Yearly Financial Statements Have Previous Background or Experience In The Field Prove You Need The Income Show You Are Learning The Business Collide With Me On: Facebook at https://www.facebook.com/charronzone/ Twitter at http://twitter.com/charronzone/ The Blog at http://charronzone.com/ YouTube at https://goo.gl/6dWceN For a replay of this video: https://youtu.be/J2YOqVFNfnU Get your own royalty-free music at http://charronzone.com/ab
Views: 992 Paul Charron
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. Goals are like a roadmap for your business; they let you know when your business is on track. 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. Maybe you forgot to file that Periodic Report that you are required to file every year? It’s okay, usually you can go back and fix that, no harm no foul. But, go onto the Secretary of State's website and double check that your company 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 contact 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. I know there is a lot going on towards the end of the year; holidays, family, travel, and the last thing you want to think about are all these loose ends that you need to keep an eye on with your business. But doing it now will put you in the best position to have a successful, prosperous next year. Contact Aiden: (720) 722-0639 and [email protected] Learn more about The Law Office of Aiden H. Kramer, LLC by visiting http://aidenkramerlaw.com. Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/aidenhkramer www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB
Views: 4377 180 Law Co. LLC
VIDEO 3 - Filing a Business Tax Return
 
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This video is to help clients who own businesses (big and small) prepare to file their business tax returns. Please contact us at 201-377-5965 or 732-709-0137 for assistance.
Estimated Tax Payments: How & When To Calculate & Pay
 
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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. In this talk, I'll go over how to calculate if a tax payment is needed each quarter. The due dates and how to make the payments is also covered. Check it out! For more FREE business start-up, accounting & tax info, check out our channel or our blog at http://www.utdu.info/theutduchannel/ 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: Small Business Tax Calculator - https://www.youtube.com/watch?v=iu9XgPCUsNE Will I Be Penalized For Not Making Tax Payments? - https://www.youtube.com/watch?v=2IzRyAoePi0
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: 21530 Ambrozy Accounting
Top 10 Things Every LLC Needs - All Up In Yo' Business
 
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Contact Aiden and learn more at www.180lawco.com. 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. I cheated a little bit here and grouped these three together. Honestly, they are all equally important and depend largely on the nature of your small business. All licenses are of equal importance for the purposes of this Top 10 List. 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. Even if you are not going to employ people right away, you will probably need an EIN to open up a business bank account. Most, if not all, banks require a business to have an EIN in order to open up a business account. 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: (720) 379-3425 and [email protected] 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 St. Ste. 250 Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with 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.
Views: 127084 180 Law Co. LLC
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: 20281 TheOhioSocietyofCPAs
Don't Pay Tax!!! (#ArtistAdvice EP03)
 
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#ArtistAdvice A web series by DJ DUBL providing valuable knowledge to help up & coming artists (musicians, rappers, producers, singers, songwriters, etc) gain more knowledge on how to work within the music industry more successfully. Episode 3 - Don't Pay Tax! DJ DUBL runs through some very simple tips on how to avoid paying too much tax as an unsigned artists working on a 'self employed' basis. SUBSCRIBE TO THE CHANNEL FOR MORE! -Useful Links- Set up as a sole trader: https://www.gov.uk/set-up-sole-trader/overview Expenses (What you can claim as expenses): https://www.gov.uk/expenses-if-youre-self-employed/overview Self Employment Tips: http://www.thisismoney.co.uk/money/smallbusiness/article-2323791/Ten-legal-ways-avoid-overpaying-tax-youre-self-employed.html National Insurance for Self Employed: http://www.moneysavingexpert.com/news/protect/2014/03/budget-2014-self-employed-nation-insurance-payments-to-be-simplified National Insurance Rates: https://www.gov.uk/self-employed-national-insurance-rates A Warning to self employed people: http://blog.moneysavingexpert.com/2012/02/02/a-warning-to-freelancers-and-the-self-employed-everywhere/ Visit DJ DUBL online: Website - http://www.djdubl.co.uk Twitter - @DJDUBL Facebook: DJ DUBL Snapchat: DJ DUBL SoundCloud: DJDUBL #ArtistAdvice
Views: 4716 DJDUBLTV