Search results “Filing taxes for a small business” for the 2017
Understanding Tax Returns For Small Business Owners
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Views: 11588 Nerd Enterprises, Inc.
HOW To File INCOME TAX RETURN (ITR) For SMALL BUSINESSMAN The old ITR-4S tax form has been renamed ITR-4. This VIDEO contains information on filing ITR-4 for FY 2016-17 (AY 2017-18) Who can file ITR 4 ? ITR 4 can be filed by all those who opt for presumptive income for instance a small businessman having turnover less than Rs 2crore may opt for the scheme u/s 44AD and declare the profits at 8% of gross receipts(6% in case of digital receipts) .To know more ,click here A doctor can opt for presumptive income scheme u/s 44ADA if his gross receipts do not exceed Rs 50 lakhs and can declare 50% of gross receipts as his income.To know more ,click here An engineer can also opt for this scheme. Film Artists Persons engaged in the accountancy profession,Interior decoration,Technical consultancy can also for this scheme.To know more ,click here Freelancers engaged in the above profession can also opt for this scheme if their gross receipts do not exceed Rs 50 lakhs. When you are running a small business, you may not have enough resources to maintain proper accounting information and calculate your profit or loss. This makes it difficult to keep track of your income from such a business and find out how much tax you need to pay. With this in mind the Income Tax Department has laid out some simple provisions where your income is assumed based on the gross receipts of your business. This method is called the presumptive method, where tax is paid on an estimated basis. From FY 2016-17 onwards, if gross receipts are received through digital mode of payments ,then Net Income is estimated at 6% of such gross receipts and for cash receipts ,rate is same at 8% of such cash receipts. You don’t have to maintain books of accounts of this business. Eligibility Criteria for this Scheme To be eligible for this scheme: Your gross receipts or turnover of the business for which you want to avail this scheme should be less than Rs 2 crore. You must be a Resident in India. This scheme is allowed to an individual, a HUF or a partnership firm. It is not available to a Company. The taxpayer can voluntarily declare a higher income and pay tax on it. In case the taxpayer chooses to declare lower income than 8% of gross receipts – he shall have to maintain books of accounts and get them audited. Income Tax Return (ITR) | Income Tax Return for Business | Income Tax E-File | ITR for Business Income How to file ITR 1 for employees : https://www.youtube.com/watch?v=mUtVe2Topmw Deductions under Income Tax : https://www.youtube.com/watch?v=R5bSuZJnWk0 Meet us on facebook : https://facebook.com/charteredwisdom Follow on Instagram : https://www.instagram.com/charteredwisdom/ Email : [email protected]
Views: 116314 Chartered Wisdom
IRS Small Business Self-Employed Tax Center
The IRS Small Business and Self-Employed Tax Center is your one-stop online resource for all small business and self-employed tax forms and helpful information. For even more information, go to https://www.irs.gov/smallbiz
Views: 31600 IRSvideos
How Do I Budget A Small Business? Plus Self Employed Taxes 101
"If you're self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $127,200 of your net earnings and a 2.9 percent Medicare tax on your entire net earnings." -SSA.Gov https://www.ssa.gov/pubs/EN-05-10022.pdf Quarterly Business Tax Payments "The rule is that you must pay your taxes as you go. If at filing time, you have not paid enough income taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment." - TurboTax https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Estimated-Taxes--How-to-Determine-What-to-Pay-and-When/INF12007.html Tools: Budgeting, Debt Snowball, Investing, Creditors http://gatewaypeople.com/ministries/stewardship/resources Website - http://gatewaypeople.com/ministries/stewardship Facebook - https://www.facebook.com/gatewaystewardship/ Instagram - https://www.instagram.com/gatewaystewardship/ Twitter - https://twitter.com/gwstewardship
Views: 19361 Gateway Stewardship
7 Record Keeping Tips for Small Business Owners
As a child care provider, I have to keep track of tons of paperwork and records. The most daunting task is always entering expenses and filing paperwork before it piles up into a giant mountain. Many people put it off until the start of the new year and then have to spend a ton of time getting everything in order, only to most likely lose out on deductions due to too much time passing leaving people forgetful of what they purchased. In this video, I share seven tips to make this year a much better year for keeping track of your tax documents so when next year rolls around, you can relax while others are scrambling! ------------------------------ HOUSE TOURS: https://www.youtube.com/playlist?list=PLNbrmIjuytLF9ckfuVyHu891s4Ct4oqr0 CHECK OUT OUR DAILY VLOGS (2016): https://www.youtube.com/playlist?list=PLNbrmIjuytLFhma9ZcL4Vu9Cv3OexxDLv CHECK OUT OUR MOST LOVED/USED ITEMS: http://astore.amazon.com/houmadofmar02-20 Finance Followers: If you want to check out Capital One 360 that we've mentioned in many videos (and LOVE), sign up for a checking or savings account using the following link, and you will earn $25: https://r.capitalone360.com/9Mhw5NEerz We SO appreciate all of our subscribers! You all are amazing human beings who make our lives so much better! Thank you for taking time out of your day to watch our silly little videos and for leaving such sweet, genuine comments. You make our days brighter! *Links may contain affiliate links to products we use and love. We never share or link to anything we don't love ourselves, but we appreciate if you click and help support our aim to spread the marital love from our little home on the internet. :) Music by Epidemic Sound (http://www.epidemicsound.com)
Views: 48084 Work Life Glue
2018 Tax Changes for Small Business
Home Loans by Gil Kerkbashian NMLS 197757 (847) 873-7295
Views: 18989 Gil Kerkbashian
Filing Income Tax Return - For Businesses - Detailed Guide part #2 by CA Deepak Bholusaria
This is the second video in the series of Income Tax Return - Detailed Guide for Assessment Year 2016-2017 and 2017-2018. Watch the part #1 video here... https://youtu.be/JL0s4sfrYo8 ************** This video is for businesses looking to understand and file income tax return. Watch this video if you're looking for... Income Tax Return for Businesses Income Tax Return Guide by Deepak Bholusaria Income Tax Depreciation Income tax Exemptions Business Income in Income TAX Post your GST Related questions here. http://www.consultease.com/ask-question/ For sponsorship and collaboration, please visit... http://www.consultease.com/contact-sp... For more important updates and resources, visit http://www.consultease.com/resources Connect with us on facebook, twitter & linked in, to stay up-to-date Facebook - https://www.facebook.com/consultease/ Twitter - https://twitter.com/consultease LinkedIn - https://www.linkedin.com/company/cons... DISCLAIMER ******** This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
Views: 8203 ConsultEase
Your First Self Assessment Tax Return
This video will walk you through completing your first tax return, with information on who can use the service, inputting your personal details and submitting your return. It also gives guidance on checking if you need to complete a tax return, signing into your online account and checking & filing your tax return. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account
Views: 97525 HMRCgovuk
Top 10 Tax Deductions for Small Businesses
Need a refresher on what’s deductible? Then watching the video above on the top 10 tax deductions for small businesses should help. Read more: https://smallbiztrends.com/2017/01/tax-deductions-for-small-businesses.html
Views: 1480 Small Business Trends
How Do Small Businesses Pay Taxes?
Learn More: https://informationstation.org/
Views: 37736 Information Station
6 Common Mistakes Small Business Owners Make When Filing Taxes
6 Common Mistakes Small Business Owners Make When Filing Taxes 1. 1. Not Filing or Paying Taxes on Time 2. Not Paying Estimated Taxes During the Year 3. Not Applying the Right Business Deductions 4. Not Tracking Expenses Accurately 5. Not Separating Business and Personal Expenses 6. Not Using an Accountant
New Tax Rules for Small Businesses in Canada (2018)
Do you own an incorporated small business? This video will reveal the new changes made to small business taxation, which you should be aware of. 0:44 – 1. Increase in Dividend Tax 2:13 – 2. Family Trusts 4:04 – 3. Tax on Investment Income Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 27251 Allan Madan
How Do Small Business Tax Deductions Work
To learn more about how you can apply for Small Business Health Insurance, visit: https://www.ehealthinsurance.com/small-business-health-insurance?allid=sma6506000 _ _ _ _ _ _ _ _ _ _ _ _ _ _ Follow eHealth at: Facebook: https://www.facebook.com/eHealth Twitter: https://twitter.com/eHealth
Views: 1417 eHealth
4 Steps to Get all of the SECRET Tax Write-offs for Self-employed LLCs PART 1
Most self-employed/LLC business owners feel like they're missing out on all the write-offs and tax planning they deserve. As a professional in this industry - I can tell you that people are right to feel this way - but the truth to getting all the write-offs you deserve, most likely isn't the answer you're expecting. In these 4 steps, I'll super simplify what you need to do, to not only get all the tax write-offs you deserve, but also grow your business! It's a win-win. See you in the video!
How to file ITR for Business Income? || व्यवसाय की इनकम का ITR -4 कैसे फाईल करें?
Hello Guys!!!! In this video I am going to show you the complete procedure for file income tax return of income from business (ITR-4). Before moving to video please register yourself on ITR website. Here I am giving the link for the video, by watching that you will be able to register on ITR website......Thanks!!!! Important Links : ## How to register for ITR filing : https://www.youtube.com/edit?o=U&video_id=GVQG3wPVbAA ## How to file ITR for salaried person : https://www.youtube.com/edit?o=U&video_id=sIFVQma2e1s ## Sections Under chapter 6A : https://www.youtube.com/edit?o=U&video_id=ZFkxUbUfA1w ## How to link PAN with AADHAR : https://www.youtube.com/edit?o=U&video_id=jhbsZA77Z1I ## How to calculate tax exempted HRA : https://www.youtube.com/edit?o=U&video_id=-5INfIjzn40 ## Section 80 C : https://www.youtube.com/edit?o=U&video_id=2OwJnfm0hxs
Views: 37917 Knowledge Series
Should I File Personal Extension? - Due April 17th this Year | Mark J Kohler | Tax & Legal Tip
This video is about whether or not you should file an extension for your personal return or business tax return. REMEMBER, the extension and filing deadline for 2017 tax returns is April 17, 2018 this year!! If you enjoyed this video make sure to subscribe and hit the like button! If you're interested in finding out more click the links below to talk with a representative and set up an appointment with me now! Click Here for my Tax and Legal Library: http://markjkohler.com/product/tax-legal-library/ Click Here for the Quickbooks Training: http://markjkohler.com/products/quickbooks-basics/ Click Here for the How to Start a Small Business Series: http://markjkohler.com/products/starting-a-small-business/ Download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at: http://www.markjkohler.com/social To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTib/
Views: 1444 Mark J Kohler
Pay Less Taxes: Tax Tips for Side Hustlers and Small Business Owners
http://www.sidehustlenation.com/pay-less-taxes-your-tax-questions-answered/ Josh Bauerle is the CPA on fire at cpaonfire.com. Josh specializes in tax preparation, tax planning, bookkeeping, and general consulting services to take the accounting side of your business to the next level. Just 30 minutes with Josh about a month ago saved me thousands of dollars, so you owe it to yourself to listen to this episode and see if you can put some money back in your pocket too. In this episode, Josh goes into detail about the tax implications with each type of business entity you can form, as well as how you can potentially save thousands of dollars by registering as an S-Corp. Josh also covers which expenses are deductible to your business, how to include health insurance as a tax-deductible, and how you can reduce your tax bill by investing more into retirement accounts. He also spends some time explaining the often confusing issue of how much sales tax FBA sellers should be paying and under which state tax laws, as well as recommending a service to automate the process. Tune in as Josh answers several questions from the Side Hustle Nation community and shares some of his best tax saving tips and advice. This isn’t another one of those dry conversations around tax, it’s packed with actionable tips and advice to help you put more money back into your pocket. Grammar police: I understand it should either be “pay less tax” or “pay fewer taxes” … but sometimes search popularity trumps grammar :) For the full notes, links, and to download the free PDF highlight reel from this episode, please visit: http://www.sidehustlenation.com/pay-less-taxes-your-tax-questions-answered/ -Video Upload powered by https://www.TunesToTube.com
Views: 16357 Nick Loper
12 Great Tax Deductions for Australian Businesses
Watch our 12 Great Tax Deductions in 12 Minutes for Australian businesses, that are overlooked and may be surprising.
TAXES 101 AND FILING TAXES FOR BEGINNERS by the Millennial Tax Man | Vlog 104
Bobby explains taxes 101 to me since this is my first time filing as an entrepreneur. Help me create more content on Patreon at www.patreon.com/heatherjustcreate **SUBSCRIBE TO MY CHANNEL! CLICK HERE to read more! Empire Tax Service: http://bit.ly/hetEmpireTaxService Bobby on Instagram: http://bit.ly/hBobbyonIG @HeatherJustCreate VLOG.104 ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Heather is the founder of Sharespark Media, the movement promoting digital literacy by empowering you to utilize digital media to achieve your goals. #sharespark MY VLOGGING GEAR ON AMAZON—— Canon S110 http://amzn.to/2aKDMv8 JOBY GorillaPod w/ Ball Head Bundle http://amzn.to/2aGNP4Q Transcend 32GB Memory Card http://amzn.to/2dq2MLr WD 1TB My Passport Ultra External Hard Drive http://amzn.to/2b8c5ga Apple Macbook Air 13.3 Inch Laptop http://amzn.to/2b8G50T Rode VideoMic Go http://amzn.to/2aM7PZA MUSIC—— “Magic” by Otis McDonald YouTube Audio Library FOLLOW ME, HEATHER RAMIREZ :) —— http://www.patreon.com/heatherjustcreate http://bit.ly/heatherjustcreateFACEBOOK http://bit.ly/heatherjustcreateTWITTER http://bit.ly/heatherjustcreateINSTAGRAM http://bit.ly/heatherjustcreateLINKEDIN JOIN THE MOVEMENT. FOLLOW SHARESPARK—— http://bit.ly/sharesparkmediaWEBSITE http://bit.ly/sharesparkmediaNEWS http://bit.ly/sharesparkYOUTUBE http://bit.ly/sharesparkmediaFACEBOOK http://bit.ly/sharesparkmediaTWITTER http://bit.ly/sharesparkmediaINSTAGRAM http://bit.ly/sharesparkmediaLINKEDIN ABOUT THIS VIDEO—— heatherjustcreate, wework long beach, heather ramirez, patreon, long beach ca, long beach california, young entrepreneur, taxes for beginners, taxes 101, how to file taxes self employed, filing taxes, taxes for dummies, tips and tricks for taxes, how to file taxes for small business, taxes explained, doing taxes, doing taxes online, how to pay taxes, taxes for millennials, empire tax co, bobbyteesworld, downtown long beach
Views: 1346 HeatherJustCreate
2018 Income Tax Return Refund - 7 Smart Things to Do and Start Small Business that's Easy...
What to do with your 2108 Income Tax Return Refund. In this video you learn 7 Smart Things to do with Your 2017 - 2018 Tax Refund Return. Because you’re expecting a tax refund this year, you need to have a good plan for your money. Before you spend your tax refund on a lot of things you don't need and before you let your tax refund burn a hole in your pocket. Most people make poor decisions with how to spend their extra money and usually buy a lot things that they don't need and only waste money instead of making wise investments & change their financial future. Some of the top 7 Smart Things we suggest are; 1. Increase Emergency Funds 2. Pay Off Interest Debts 3. Spend on Something You Need 4. Start a Savings Account 5. Donate to a Worthy Cause 6. Make Home Improvements 7. Start a Small Business Start a Appliance Repair Business for only $69 (Limit Time Offer) the Easy Way http://cornerstoneappliancetrainingcourse.com/our-courses/ Sell Used Appliance Course - http://cornerstoneappliancetrainingcourse.com/sell-used-appliances-make-3000-5000/ Your Sell Used Appliance Website - https://sellusedappliancesincome.com/ Appliance Tech Pro - Your Answer to Troubleshooting & Repair Any Appliance with Ease ... http://cornerstoneappliancetrainingcourse.com/appliance-tech-pro-how-to-troubleshoot-refrigerators-dishwashers-appliances/ Appliance Repair Training Make $65,000 - $80,000 1st Year http://cornerstoneappliancetrainingcourse.com If you have any questions also leave them in the comments, I will try to answer as soon as I can. Please give this video a thumbs up if you liked it and make sure you Subscribe to my Channel for more Appliance Repair videos. Thanks Again for Watching My Videos Be Blessed & Be Encouraged Chris
Views: 159 Chris Stokes
Taxes for Musicians and Artists: Complete Guide
Hey people what’s up! It’s Claudio here and today I wanted to make a video about how to prepare your taxes as a musician or independent artist. I get a lot of questions on this topic, and it’s taken me years to understand how to approach tax season as a working musician and business owner. As someone that’s self-employed, you are technically a business owner. You are sole-proprietor which means you are a person who is the exclusive owner of a business, entitled to keep all profits after tax but liable for all losses. So it’s important to develop that business mind-set. I’ll go over deductions, business expenses, estimated tax payments, 1099s and a few other topics. Links: CPA specializing in musician taxes: http://musictax.com/ Expense worksheet: http://musictax.com/client-worksheets/ Pay IRS Taxes: https://www.irs.gov/payments/direct-pay Pay NY State Taxes: https://www.tax.ny.gov/pay/all/make_a_payment_section.htm NY State Tax table: https://www.tax.ny.gov/pdf/current_forms/it/it201i_nys_tax_table.pdf Submit 1099s: www.efilemyforms.com
Views: 6425 Claudio Marquez
How Much Does It Cost To File Taxes For A Small Business?
Apr 15, 2015 income taxsmall businesssmall business taxestaxes an average fee for a basic 1040 with schedule is around $250 but the actual filing corporate tax return can often be very expensive. Is hiring a cpa worth it? 5 tips for getting your money's why start tax preparation business an accountant to do taxes vs using turbo or filing, taxes, 1065 1120s 1120 returns. Additionally, many small businesses can deduct costs associated with providing healthcare benefits for their employees. Do you want more time, increased income and freedom? Minimal start up costs; Get your tax business started quickly; No franchise fees or royalties this year, filing our taxes will cost us approximately $500 which includes llc. Mar 29, 2016 no matter how small your company is, you have to file taxes. Quickbooks self employed tax fiing made easy intuit. Do your research to identify all possible deductions and give company a filing estimated tax payments for the first time? . But, your small business tax preparation cost can be more expensive than you how much does cost? Your quarterly payments and provide the means (envelopes or online) for to file pay as needed mar 14, 2014 average preparing a 1040 (schedule c) form is $218. ' 'most small business owners do not have the tax knowledge they need to determine what you need to file your taxes with the tax preparation checklist cost and first date of business use of assets; Records relating to personal use of nov 8, 2016 tax prep costs 2016 how much does it cost to have your taxes done the cost to file income taxes can fall anywhere between zero dollars as in you $174 for a form 1040 schedule c (business); $634 for a form 1065 over $346 for my tax, which is personal income and a small business and a here are 5 things new business owners must know about income taxes. Small business tax preparation checklist. Success is sweet, but there's a price. Tax preparation costs and fees small business taxes for beginners how much to set aside 10 tax mistakes that will cost you cbs news. Average individual tax preparation cost (with price factors). It costs us $75 only because we buy the home business deluxe version. The average cost for preparing a 1065 tax form (partnership) is $590 jul 29, 2011 small business taxes beginners how much to set aside if you anticipate over of income your first year, should sit down with professional and do some strategy planning. Tax compliance over 60 years of experience adp how much does small business tax preparation cost? Patriotsoftware cost url? Q webcache. Small business tax preparation mistakes to avoid what is the average cost for a cpa do both personal and llc how much does corporate return cost? Financial web. Small business resources and where to find help the ultimate small free tax software & filing from taxact allows you prepare your taxes file income easily, with fast online irs efile powerful calculators! answer easy interview questions, let do rest for. To hire tax prep can be d
Views: 29 Another Question
How to write-off your kids' expenses on your taxes
SUMMARY: If you have kids you know how expensive they can be. From the necessities to all the extras; the toys, the clothes, the entertainment, the extra curricular activities and so on... wouldn’t it be nice to get a brake and be able to write all of those expenses off on taxes? RECAP OF THE VIDEO: I am a real estate investor and a mother and in my business I don’t just focus on implementing strategies that allow me to make more money, but also focus on incorporating strategies that will allow me to keep the maximum amount of money that I make. In this video I will share a strategy that will allow you to keep more of your money by writing-off your kids’ expenses on your taxes. To implement this strategy you must get your kids involved in your business by putting them on payroll and paying them a salary. You can begin to put your kids on payroll as soon as they turn 6 years old and start giving them small jobs such as stuffing envelopes, shredding paper, cleaning, filing, bookkeeping, scanning... By taking this approach not only will you be saving taxes, but you will be teaching your kids small business ownership skills, self reliance and a concept of a job well done. To be able to pay your own kids, each one of them needs to have their own bank accounts set up and whether you operate as a Sole Proprietor or an LLC you will be paying your kids directly to their bank accounts from your business account if they are under 18 years of age, if they are 18 or older then issue them a 1099 or W2. If you operate your business as an S-Corp then you will need to set up a “Family Management Company” (but is only needed if paying children under 18 years old) which will operate as a Sole Proprietor and pay that “Family Management Company” the kids salary as a fee then transfer the money from there into their bank accounts, but if you have an S-Corp. and you are paying kids that are 18 or older you do not need the “Family Management Company” just issue them a 1099 or W2. The benefit of paying your own kids is that if they are under 18 years of age you do not need to issue workers comp. or FICA (except in Washington) also they will not need to file taxes if you pay them $6350 (in 2017) / year or less. Bonus [Real Estate Investing] Strategy: Now that your kids have earned income they can fund a ROTH-IRA which can become a partner in your next LLC which purchases a rental property and when you sell the rental property the money goes back to the ROTH-IRA and comes out tax free for college or retirement. ★☆★ Part 2 of this video series ★☆★ https://youtu.be/tT1uhgSzpmc ★☆★ TO LEARN THESE STRATEGIES GET THE FOLLOWING BOOKS ★☆★ 1.) The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions: TO GET THIS BOOK CLICK THE LINK -https://goo.gl/DKqXTZ 2.) What Your CPA Isn't Telling You: Life-Changing Tax Strategies: TO GET THIS BOOK CLICK THE LINK - https://goo.gl/NxyopY 3.) The Business Owner's Guide to Financial Freedom: What Wall Street Isn't Telling You: TO GET THIS BOOK CLICK THE LINK -https://goo.gl/5vGJKq ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitkute-1464576883611081/ INSTAGRAM: https://www.instagram.com/laurapitkute/?hl=en LINKEDIN: https://www.linkedin.com/in/laura-pitkute-a039399b/ DISCLAIMER: I (Laura Pitkute) am committed to providing legal and ethical information to the best of my knowledge at all times, but I (Laura Pitkute) am not a certified CPA, nothing I say in this video or comments should be taken as legal advice. Prior to applying any strategies I share in my videos or comments please consult with a competent professional.
Views: 26059 Laura Pitkute
HOW TO FILE YOUR TAXES THROUGH h&r BLOCK : learn and do taxes yourself business and personal returns
Taxes H&R block maximize your refund tutorial. I will show you how to file both business and personal taxes with the H&R Block software its so easy. Do it yourself and save money every year.
Views: 18185 So Bossey
Taxes Are Killing Small Businesses
Did you know that U.S. businesses are taxed at one of the highest rates in the developed world? How bad is it? And why should you care? Watch this short video to find out. Donate today to PragerU! http://l.prageru.com/2ylo1Yt This video is part of a collaborative business and economics project with Job Creators Network. To learn more about JCN, visit https://www.jobcreatorsnetwork.com. Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: No matter where you come from, what your job is, or where you stand politically, you have to pay taxes. Uncle Sam needs taxpayer dollars to pay for things like schools, fire fighters, and the military. There are all sorts of different taxes: income taxes, payroll taxes and sales taxes just to name a few. But individuals aren’t the only ones who pay taxes—businesses pay income taxes too. Businesses that are set up as corporations pay taxes on their income at the US corporate tax rate of around 35 percent—one of the highest in the developed world. Countries like Ireland and Switzerland have corporate tax rates well under 25 percent, which can give companies based there a competitive advantage. But there’s another taxed group that we’re forgetting…small businesses. There are 29 million of them in the US and they employ nearly 56 million people. That’s a total of 85 million people dependent on the success of small businesses! Small businesses are most often set up as sole proprietorships, partnerships or another designation called an S-corp. But the money they make isn’t taxed at the corporate rate. The profits earned by these small businesses are “passed through” to the owner and counted as individual income on their personal tax return. That’s why you might hear small businesses referred to as “Pass-throughs.” These entrepreneurs can pay tax rates as high as 40 percent not including additional state and local taxes, that means many American small businesses are being taxed at a higher rate than businesses anywhere in the world. Why should you care? Because high taxes hurt small businesses ability to grow and expand, causing them to raise prices or even trim jobs to stay within their budget constraints. Lowering taxes for small businesses or “pass-throughs” results in the growth of small businesses—allowing them to provide more jobs and boost the economy for everyone. After all two thirds of all new jobs come from small businesses and lowering taxes can have a big effect on the entire economy for all Americans. So the next time you hear someone supporting an increase in tax rates on businesses, remember that very important group of small business owners and the 85 million people dependent on their success.
Views: 406204 PragerU
How to Calculate income Tax? | Tax calculations explained with Example by Yadnya
This video has basics of Income Tax calculations with detailed example based on FY 2016-17 tax calculations - help you how to calculate Income Tax Most of us have no clue on how and what basis income tax is calculated on our income. We blindly believe on our company's Finance department or our tax consultant and do not even check the calculations. So, in this video, we have tried to simplify how Income tax is calculated on your income. Income tax assessment comprises of following stages: -Computation of total income. -Deducting valid deductions. -Determination of the tax payable thereon. -Paying the tax. -Filling Income Tax Return Form Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
E-file Business Tax Extension Form 7004 with ExpressExtension
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 In case you don’t already know form 7004 is the form you fill out to request an automatic extension time to file certain business income tax, information and other returns. A few of the certain businesses include partnerships, multiple member LLCs filing as partnerships, corporations, and s-corporations. Here at ExpressExtension, we can help you with all of your extension filing needs. Simply create an account to get started then select the form you would like to complete. We will help you quickly fill out the form with easy to follow instructions on how to correctly fill it out. We will also notify you about which sections need to be completed. If your extension form is rejected we will send you an email with details as to why, and how to correct your form. You can then resubmit it as many times as you need for free. Also, our dedicated support team is here to help. Please don’t hesitate to contact use via phone or email with any questions that you may have.
Views: 1825 ExpressExtension
How to complete the business section in myTax
If you’re a sole trader, this video will show you how to complete the business section in myTax. For more information on lodging online with myTax, see https://ato.gov.au/lodgeonline
Filing Taxes as a Small Business What Should I do?
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Views: 175 Tanisha Adjo
ITR 4 filing  2017-18
ITR 4 filing for business _How To File ITR 2017 18 income tax return file,ITR, ITR 4 also itr filing online 2016-17 Sell Annuity Payment Useful for person having Business/Profession :Specially Small: https://incometaxindiaefiling.gov.in/ Old ITR-2, ITR-2A and ITR-3 have been done away with and merged to NEW ITR-2 Old ITR-4 is now NEW ITR-3 and Old ITR-4S Sugam is now NEW ITR-4 Sugam ITR4 :For presumptive income from Business & Profession. New Sec. 44ADA Introduced for Specified Professionals. Amount of cash deposited in bank during 9-11-2016 to 30-12-2016.Sell Annuity Payment Computation of Presumptive income under 44AD Person earning commission or brokerage income or carrying any Agency Business not eligible u s 44AD SEC 44AE:Own not more than 10 Goods carriages, any time during the PY. Sec 44AD: Gross Receipt = or Less Rs. 2 Crores sEC 44ADA:Gross Receipt = orLess Rs. 50 Lakh ITR for Whom: special for Small Business/Profession Type of ITR: New Changes New Changes in ITR 4: New Sec 44ADA for Professions Sec 44AD and 44AE Sell Annuity Payment Practical View Do not want to show go for other ITR3/5.. E-filing Disclosure :on or after demonetization period FILING,ITR RETURN,ITR FILING 2017 18 income tax return file How To File ITR 2017-18 income tax return file,how to file itr 2017 18,how to file itr,incometaxindia.gov.in,income tax return filing 2017-18 income,how to file online returns,tax,ITR FILING 2017 18 income tax return file ITR फाइल करे,ITR1,ITR single page,one page itr, itr4, itr4, Structures Annuity Settlement, Sell Annuity Payment, Royalty Free Images Stock, Register Free Domains, Psychic for Free, PHD on Counseling Education, Lawyers, Law Firm, Paperport Promotional Code, Online Stock Trading, Online Motor Insurance Quotes, Donate your Car for Money, Online Colleges, Neuson, Online Classes, Nunavut Culture, Online College Course, Motor Replacements, Low Credit Line Credit CardsLife Insurance Co Lincoln, Insurance Companies, How to Donate A Car in California, Home Phone Internet Bundle, Holland Michigan College, Health Records, Personal Health Record, Hard drive Data Recovery Services, Donate Old Cars to Charity, Forex Trading Platform, Forensics Online Course, Email Bulk Service, Donating Used Cars to Charity, Donating a Car in Maryland , Donate Your Car Sacramento , Online Criminal Justice Degree , Donate Your Car for Kids, Futuristic Architecture, Donate Cars in MA, Data Recovery Raid, Donate Car to Charity California, Donate Car for Tax Credit, Car Insurance Quotes PA
Views: 102521 Return Filing
How to fill out schedule C if you're self employed 2017
Filling out your schedule C can cause serious migraines. Of course the IRS website is of little help. If you'd like my office to prepare your tax return, we are accepting new clients. You can visit www.krenerbookkeeping.com to learn more about my business. Or feel free to e-mail me [email protected] This video is step by step instructions for filling out Schedule C for your tax return. Schedule C is used to report business income or loss if you are self-employed. By watching this video you can learn to either fill the form out yourself, or how to better organize your documents for tax time. Numbers not making sense? Schedule an accounting clarity call. http://bit.ly/2yOZb6n Don't forget to subscribe to my channel for my accounting tips and tricks! https://www.youtube.com/user/krenerbookkeeping Can’t get enough of me on YouTube, follow me on: Facebook: http://bit.ly/2yGGmCA Instagram: http://bit.ly/2zMoqUM #smallbusiness #tax,#bookkeeping,#Wave apps #Wave Accounting #bookkeeping
How the tax deal will benefit small business owners
FOX Business’ Gerri Willis reports on what the GOP tax reform bill means for the small business owner.
Views: 590 Fox Business
Working out your income tax
This video explains how tax is calculated on your business profits, how the pay-as-you-go instalment system works and what happens when you make a business loss.
DIY Self-employed Tax Write-Offs: How to Enter In the Best Income Tax Software
WWW.FREETAXUSA.com is the best! In this video, I walk you through entering all of your self-employed or single owner LLC tax write offs.
S Corporation Form 2553: The Top 4 Best Tax Deductions for Small Business Start Up Biz S Corporation
S Corporation Form 2553: The Top 4 Best Tax Deductions for Small Business Start Up Biz S Corporation ★ 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 =========== Gusto Payroll (CLICK☞): https://gusto.com/r/uBiOb =========== FREE Consultations (CLICK☞): http://meetme.so/freebie =========== Subscribe (CLICK☞): https://goo.gl/o8hRuk =========== Best Playlist (CLICK☞): https://goo.gl/Kvb41h =========== IRS: Reasonable Compensation: "S corporations must pay reasonable compensation to a shareholder-employee in return for services that the employee provides to the corporation before non-wage distributions may be made to the shareholder-employee. The amount of reasonable compensation will never exceed the amount received by the shareholder either directly or indirectly." Reasonable Salary: https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/S-Corporation-Compensation-and-Medical-Insurance-Issues LLC Tax Classifications: http://www.companiesinc.com/llc/tax-classifications.asp Medical Insurance: https://www.irs.gov/publications/p535/ch06.html#en_US_2016_publink1000208843 Section 179: https://www.irs.gov/publications/p946/ch02.html#en_US_2016_publink1000107395 Mileage Deduction: https://www.irs.gov/uac/car-and-truck-expense-deduction-reminders Solo 401k Deductions: https://www.irs.gov/retirement-plans/one-participant-401k-plans Key Words: S-Corporation, Form 2553, Small Business, Partnership, Sole Proprietorship, C-Corporation, Tax Classifications, Small Business Election, Entrepreneur, ★ 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: 7745 advisorfi.com
ITR | How to Prepare Balance Sheet ?
~~~~~~~~~~ VIDEO IS ABOUT: Income Tax, ITR, Balance Sheet, तुलन पत्र, What is Balance Sheet, How to Make/Prepare Balance Sheet in Income Tax, Assets, Liabilities, Creditors, Debtors, How to Prepare, Income Tax Filing, ITR Filing, ITR for Professionals, ITR for Businessmen... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
Small Business Taxes 2018   An Interview wtih Barbara Weltman 2
Small Biz David Leopold interviews tax author Barbara Weltman. K. Lasser’s - Small Business Taxes 2018 By Barbara Weltman The ultimate money-saving tax guide for the small business owner. Purchase on Amazon: http://bit.ly/2018-Tax J.K. Lasser's Small Business Taxes is designed to help business owners make sense of their taxes and file correctly, on time, without over- or under-paying. Written in a straightforward and accessible style, this reliable resource offers a complete overview of small business tax planning and provides you with the information needed to make tax-smart decisions throughout the year. Focusing on strategies that help you use deductions and tax credits effectively, shield business income, and maximize other aspects of small business taxes, this practical guide will show you how your actions in business today can affect your bottom line from a tax perspective tomorrow.
Views: 129 Scott Scowcroft
TAXES : CPA vs Turbo Tax || Life With Sarah
hey everyone! I had a lot of questions on what my thoughts were on using a cpa to do taxes verses using turbo tax. I thought i'd do a video comparing the two, and my opinions on both! This video is not sponsored, these are just my opinions and what my experiences have been! Thanks so much for watching cpa vs turbo tax! * Camera I Use: http://amzn.to/2c0V09r For business inquiries, please feel free to contact me through email at [email protected] ..::FOLLOW ME:.. instagram - @lifewithsarah.YT our travel instagram - @travel.yall twitter - @lifewithsarah12 pinterest - www.pinterest.com/lifewithsarah12 ETSY SHOP - https://www.etsy.com/shop/LifeWithSarahDesigns?ref=hdr_shop_menu * denotes affiliate link ----------------------------------------------------------------------------------------------------------- Erin Condren Referral Code ($10 off!) - https://goo.gl/0lJYgA Ipsy Referral Code - https://www.ipsy.com/new?refer=xlcte BoxyCharm Referral Code - https://boxycharm.com/refer/Sarah-LEVHUFIL
Views: 11615 Life With Sarah
TurboTax Review 2017 - A Great Option In 2018
TurboTax once again has world class tax software that's easy to use, but it comes at a price. Check out our full TurboTax review here: https://thecollegeinvestor.com/20778/turbotax-2017-review/ In our TurboTax 2017 tax software review, we look at the following: - How TurboTax continues to have the best navigation and ease of use of any tax software we've reviewed - How they make it easy to upload tax documents, including investing documents - TurboTax has the best knowledge base of any tax software - TurboTax plans and pricing, including TurboTax Absolute Zero, which is their free filing option this year. - TurboTax added a new pricing plan - TurboTax Live, which gives you a review from a CPA before filing your tax return to ensure that everything is correct The bottom line is that TurboTax is expensive compared to most other options available. We recommend them for first time filers that qualify for free filing. We also think that TurboTax is top notch for investors or landlords who will find value in the ability to quickly import information. Be sure to subscribe to our channel here: http://www.youtube.com/subscription_center?add_user=thecollegeinvestor If you want more from The College Investor: Check out my blog here: https://thecollegeinvestor.com/
Views: 147955 The College Investor
Basic Tax Planning for Pty Ltd Company
A basic video on tax planning for a small Pty Ltd Company in Mount Martha Australia - current at March 31 2017 https://www.mountmarthaaccountant.com.au/tax-planning-medical-practices-gps/
Views: 1369 Alan Maddick
What expenses can I claim?
Crunch's Accountants, Chris, Cameron and Ben, talk us through your options when looking to record expenses through your Ltd company, as well as some of our FAQs about general expenses. Items Discussed in this video: Business Travel 0:36 Subsistence (food/drink) 2:35 Entertainment 3:55 Other common expenses 4:33 Use of home 6:22 Pension 6:56 Fixed Assets 7:32 P11d expenses & benefits 8:11 The information given in this video is correct as of December 2016. For more information on our services visit us at www.crunch.co.uk Follow us on twitter at: @teamcrunch @crunchchorus
Views: 45421 Crunch
Small Business tax deductions (new vs used vehicles)
talking about tax deductions as a business owner, in particular the question a lot if people have is weather or not they should drive a new vehicle or a used vehicle for business. i do my best to explain how vehicle tax deductions work and happing you decide what is a better fit for your business..
Views: 2334 North Country outdoor
Tax Guide for Small Businesses (in the Philippines)
Tax Guide for Small Businesses is a product of the concerted effort of the Philippine Tax Whiz--Mr. Mon Abrea's Center for Strategic Reforms of the Philippines and BIR and DTI. This is a free book and can be easily downloaded here http://acg.ph/wp-content/uploads/2017/04/Tax-Guide-for-Small-Businesses-2.pdf
Views: 1171 MsLoverarian
PREPARING FOR INCOME TAX RETURNS & Etsy Seller Tax write offs & Youtube tax deductions
In today's video my mom and I make pizza for breakfast from scratch. My mom buys pizza dough from the bakery and then we make our own homemade pizza! Later I spend most of my day preparing for income tax returns, when you have a small business you need to remember to write off as much as you can. Small business tax preparation takes very long to prepare, but if you can save money then its worth it. I also go over how I prepare my taxes for YouTube and what kinds of things I write off as youtube expenses. SUBSCRIBE to know when there’s new vlogs & give this video a THUMBS UP! :D LAST VLOG: https://www.youtube.com/watch?v=0TBPzJ-8L8I MAIN CHANNEL: http://bit.ly/1TucdKQ LINKS / MENTIONS: ➜My juicer: http://amzn.to/1R85wYt ➜Juicing Recipe Book: http://amzn.to/1UTT04K ➜Vlogging camera: http://amzn.to/1UTT3h6 ➜Shampoo I use (to keep my hair from being brassy): http://amzn.to/2bynLze ➜Hair Crimper: http://amzn.to/2j07J2H ➜Heat Protectant Spray: http://amzn.to/2i6aXC4 SAVINGS & INVITE LINKS: ➜Ebates (Cash back for shopping online): http://bit.ly/2em6KIN ➜Planner I use Erin Condren: http://bit.ly/1UTRU9f ➜Sigma makeup brushes: http://bit.ly/1SASLLv ➜ThredUp: http://www.thredup.com/r/E59XJH ➜Postmates code for free delivery: M5J7F ➜Uber code for free ride: karolinap99ue ➜Lyft code for $10 credit: karolina233298 ➜Ibotta ($10 after redeeming your first rebate!): dwkokge ➜Robinhood (for stocks): http://share.robinhood.com/karolip1 ➜SwagBucks (make $$ to take surveys & watch videos): http://bit.ly/KKswagbucks ➜Acorns (Automatically Invest Life’s Spare Change) and get $5: https://acorns.com/invite/ACWDG3 CHECK OUT MY OTHER CHANNEL & SUBSCRIBE: ➜KarolinasKrafts: http://bit.ly/1TucdKQ ETSY SHOP: http://etsy.me/1pheqwU PRINTABLES SHOP: http://etsy.me/1UTSi7B PLANNER INSTAGRAM: http://bit.ly/1UgcakR INSTAGRAM: http://bit.ly/1RS2v1A PINTEREST: http://bit.ly/1UTSvHV TWITTER: http://bit.ly/1QNcZNp FACEBOOK: http://on.fb.me/1TMVG5g EMAIL: [email protected] Thank you so much for taking the time to watch my vlog! Amazon links are affiliate links. This video is not sponsored. Thank you for supporting my channel! :D SNAIL MAIL: LifeWithLina PO Box 403 Glen Cove, NY 11542 USA BUSINESS INQUIRIES: [email protected]
Views: 2184 LivingWithLina
How to Get a $10,000 Tax Refund!!!!!
Ever wonder how some people are able to get $10,000 or more in income tax refund. This video discusses the main two ways to accomplish that. A majority of individuals that get $10k, either make too little or over paid to much taxes during the year. The grass isn't always green on the other side. Link to my follow video explain why I would want a $10k tax refund. https://youtu.be/uZa8SSztN6U Greetings and thanks for checking out this channel. Mrs Balance Sheet is about one woman’s struggle to juggle FAITH, FAMILY, FINANCE & FITNESS. Name channel name says it all. Mrs – I’m a devoted wife, full-time mom of 3 girls and I love Jesus and keeping my home beautiful. Balance Sheet – I’m an accountant, investor, landlord, expert business consultant. After getting my Bachelors degree in accounting and Masters degree in business I spent 10 years climbing the infamous corporate ladder only to discover God had another direction for me. Ultimately, I retired from corporate America at 32 yrs old and have been blessed abundantly since then. I am active CPA candidate. I hate having regrets, so after loosing my credit for passing part of the exam almost 10 years ago, I back at it. AUD 81 BEC 79 REG 77 FAR May 2018 Serious Business Inquiries only: For accounting, bookkeeping, tax or business consulting needs, my business contact is: Website www.MLNaccounting.com FB www.facebook.com/MLNTaxService/ Instagram www.instagram.com/mlnaccountingtax/ E-mail [email protected]
Views: 32654 MrsBalanceSheet
The 4 Most Common Tax Write Offs and Deductions for Small Business
As a small tax-paying business owner, you care about two things and two things only, that's increasing revenue and decreasing expenses. In this video Shayan Rashid (partner), explains the four largest expenses that you can deduct on your tax return so that you pay less to the CRA. 1. Office Expenses: This includes any upkeep expenses that you incur to maintain your property. 2. Automobile Expenses: You can deduct the capital cost allowance or the amount of the vehicle price from your taxes up to $30,000. 3. Capital Assets: These expenses include equipment, vehicles or even upgrades to your property. 4. Industry-Specific/General: The last group of expenses that we're going to discuss are those that are industry-specific or just general to you. You can also deduct these from your tax return, unless they are specifically prohibited by the CRA. If you are looking for an accounting firm in Toronto, then schedule a free consultation with SRJ Chartered Accountants by phone, email, or our website. SRJ Chartered Accountants (647) 725-2537 | info[at]srjca.com http://www.srjca.com/ 330 Bay Street, Suite 1400 Toronto, ON M5H 2S8
Small Business Tax deductions
Some of the small business tax deductions people miss. Get the facts before you file.
Views: 21 BlackPumpsTV