Tax Secrets for solopreneurs/freelancers | Taxes for the self-employed 2020

If you own a business or are thinking about starting one you definitely need to watch this video. After watching this video you will leave knowing whether you need an LLC or S-Corp, how to track your expenses, tax deductions, quarterly taxes and so much more.

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Here is also the FREE Masterclass he did on Building Your Dream Business https://www.cofieldsconcepts.com/registration42144619

Carter's Instagram: https://www.instagram.com/cofield_advisor/

Questions discussed:
-What are some common missteps you often see entrepreneurs making when it comes to their business and taxes
- When do you recommend we should open up a business bank account?
- When do we need to incorporate our business and can you go in detail about the different options?
- Is there a particular software you recommend we use like Quickbooks to track our expenses or is something like Excel or Google Sheets sufficient?
- What do you recommend we do about receipts?
- How much do you need to earn before you have to pay taxes?
- When it comes to tax deductions, can you help us understand what it means to be able to deduct. Like if I spend 100, do I get to write off that entire $100 from my taxes?
- Can you talk about the importance of deducting expenses?
- What are some deductions that most people may not know about and some of your favorite ones?
- How much money should we put away for taxes?
- Can you help us understand how to look for a qualified tax professional or CPA? Are you accepting clients
- How important are November and December when it comes to tax planning? I know you do tax projections for your clients can explain what that is and why?
- As an entrepreneur when do you have to start paying quarterly taxes and can you explain why we have to pay quarterly taxes?
- Can you tell us about your course called Deduct Everything - Your blueprint to tax free living
- Can you leave us with your top 3 tips we should know as business owners?
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Видео Tax Secrets for solopreneurs/freelancers | Taxes for the self-employed 2020 канала Whitney Bonds