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Filing Taxes for the First Time as a Business Owner

120 ratings | 9416 views
My experiences filing my taxes myself, what I learned and what you can expect!
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Text Comments (16)
Tia robin (1 month ago)
Great Video. just now seeing this but.. I def. feel more at ease about being a 1st time business owner. thank you for taking the time to make this video. Blessings to you and your business.
Julian Photo fit (4 months ago)
This definitley helped me. Thanks
Ricky Miles (7 months ago)
Thanks for the advice. My advice to you is to stay the heck away from Starbucks. You will get poor advice from that community.
Get Help Tax (8 months ago)
If you are a W-2 employee or have a very simple return then filing your own taxes with one of the do-it-yourself software programs can be the way to go. However, if you have a business, or a more complex situation, then hiring a tax professional is best even if just when you begin. Many people use the off the shelf programs but are unaware of strategies that could save them significantly in taxes.
HeyJustLetMeSpeak (9 months ago)
Thank you so much for sharing your experience! This was very helpful <3
The Portrait Dude (9 months ago)
This was a great video and I feel a little better. First year for me filing as a business as well and I have Quickbooks for Business and it has been a GODSEND for keeping track of things this year. I really need to do a better job as far as keeping receipt and categorizing my deductions in a timely manner though. Thanks for this!
Carl Chambers (11 months ago)
Helpful indeed, thanks for taking the time to post this for fellow small businesses.
Ghost Walker (1 year ago)
I own a mobile automotive mechanic service. I used square to create sales. I screwed up by linking my personal account with square to report to the IRS since RBFCU was not supported by square, now I feel like I am screwed because all my personal is mixed with my business sales, gas mileage, tools, total operation :(. Now I am extremely worried. And I am not sure which form I need to file. I am so used to working for a company that just sent me a w4 form, but now I am running my own business and feel very frustrated. Someone please share your input. Thanka
Dave Bickel (1 year ago)
I'm in my 50s and I'm STILL always terrified of doing my business taxes; I was procrastinating for MONTHS until I saw your great youtube. Thanks for the up beat message and positive attitude. Thanks for doing and posting your youtube.
Retro Gold (1 year ago)
Do you have an contact email?
Kenna B (2 years ago)
You said that you were going to be charged about $1000 in the beginning, when you used Quickbooks + Turbotax, were you charged anything or had to pay out a big amount of money?
Iris Acheson (2 years ago)
Thank you for sharing...This was very helpful!
Simplistic Abundance (3 years ago)
This is great--info very helpful. You mentioned that you were reading a book that was great for writing contracts, can you please share the title ? Thanks again :)
Kaye Chambers (3 years ago)
+Simplistic Abundance thanks for reaching out! It's honestly been so long I can't remember but my local SCORE department made a big impact on how I write my contracts and most of their services are FREE! If I can help in any way possible don't hesitate to email me directly: [email protected]!
QuickEin (4 years ago)
apply for a ein www.quickein.com
Elizabeth Akama-Makia (4 years ago)
Great post. As a new business owner myself, I often wondered what the difference would be. I personally have always filed through TurboTax and appreciate your view on the issue.

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