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How to Pay Less Tax (Legally) - Robert Kiyosaki
 
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Robert Kiyosaki will be speaking LIVE in: South Africa: http://www.nacsouthafrica.com/tv Catch PART 1 HERE:https://www.facebook.com/srseminars/videos/1118521498191246/ Subscribe to access more great videos, or check out: www.SRPL.net ========================== One of the reasons the rich keep getting richer is because when people say “Go to school and get a job” they’re telling their kids to become employees or small business owners. How much tax do they pay? Regular employees pay about 50% in tax while self-employed people like doctors, lawyers & accountants pay 60% tax. Business Owners on the other hand pay 20% tax with investors paying 0% tax. It is absolutely possible to go around paying 0% tax. You don't have to be a crook to not pay taxes, you just have to be smart. In fact, the government wants you to pay no tax. They use taxes as incentives to get you to do what they want you to do. The reason I pay no taxes is because I have four houses I live in but five thousand houses I rent out. By me providing housing, I pay zero tax -- because that's what the government wants me to do! - Robert Kiyosaki ========================== Robert Kiyosaki will be speaking LIVE in: South Africa: http://www.nacsouthafrica.com/tv Catch PART 1 HERE:https://www.facebook.com/srseminars/videos/1118521498191246/ Subscribe to access more great videos, or check out: www.SRPL.net
Views: 92358 Success Resources
Avoid Paying Taxes Legally!!! The Power of A Home-based Business
 
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Chinaza Duson, Small Business Tax Strategist, is also a highly sought after Tax Strategist empowering thousands w/advice on why the MUST own a homebased business. Now! Connect with me and START a legitimate homebased business TODAY: http://www.workwithcoachchi.com Chinaza Duson | 404.464.6733 | [email protected] www.certifiedtravelconsultant.com - my business of choice Text Chinaza to 40691 1st Email: [email protected] | 404.464.6733 | 2nd Email: [email protected] | 404.229.5566 - Secondary | NOT only am I #homebased business strategist, a certified tax preparer. I am a National Diamond Council Team Leader in Paycation Travel. We have the perfect vehicle to help you maximize on these amazing tax breaks I speak on here! Contact me today to get started http://www.browngirlgone.com ---- (travel blog) http://www.goodgirlstravel.com (the best tax deductible business) http://www.truthinduced.biz (www.yourtaxgirl.com)
Views: 297726 Chinaza Speaks
How Do Corporations Avoid Paying Taxes?
 
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Ah tax day, April 15th is one of the most agonizing days of the year for most Americans. But many multi-billion-dollar companies aren't stressing – they're finding legal loopholes to avoid paying taxes. Here are just four corporations that haven’t paid their fair share to Uncle Sam. Help AJ+ win a Webby: http://pv.webbyawards.com/2015/online-film-video/video-channels-and-networks/news-information-channel Voting ends Thursday, April 23 at 11:59pm PST and you can only vote once. Subscribe for more videos: http://www.youtube.com/channel/UCV3Nm3T-XAgVhKH9jT0ViRg?sub_confirmation=1 Like us on Facebook: https://www.facebook.com/ajplusenglish Download the AJ+ app at http://www.ajplus.net/ Follow us on Twitter: https://twitter.com/ajplus
Views: 37876 AJ+
How to Pay Taxes on Your Small Business
 
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Watch more How to Do Your Taxes videos: http://www.howcast.com/videos/422992-How-to-Pay-Taxes-on-Your-Small-Business Step 1: Make estimated tax payments Make quarterly estimated tax payments to the IRS if your total tax bill in a given year will exceed $500. Estimated tax payments are due 4 times a year on April 15, June 15, September 15, and January 15. Tip Pay self-employment tax if your annual net earnings will be $400 or more. Step 2: File a tax return File an annual income tax return. The form you use will depend on how your business is organized -- whether it is a sole proprietorship, partnership, corporation, or limited liability corporation. Tip Keep tax-related documents for a minimum of 7 years. Step 3: Pay excise tax Pay excise tax if your business engages in qualified activities. For example, excise taxes are levied on certain trucks and buses used on public highways. Step 4: Withhold employment taxes Withhold employment taxes from the salaries of your employees. Employment taxes include withholding, employer matching, and unemployment taxes. Depending on the size of your payroll, employment taxes are due weekly, monthly, or quarterly. Step 5: Pay sales tax Register with your state's tax department and pay sales tax if your business makes a taxable product. Sales taxes are due quarterly or monthly, depending on the rules in your state. Most services are exempt from paying sales taxes. Step 6: Pay additional state and local taxes Pay additional state and local taxes that are applicable to your business. Consult your local government offices or a tax attorney to determine whether you are responsible for additional taxes. Did You Know? In 2008, tax revenues in the United States represented 26.9 percent of the total gross domestic product.
Views: 73874 Howcast
How the Rich Pay no Taxes | BeatTheBush
 
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The news always talks about how the rich pays no taxes but has ANYONE ever talked about exactly how? No one is willing to talk about how because once its mainstream, the loop hole will be plugged. Well here, let me introduce you to one that I know of and lets see how long before people notice and plug up this tax loop hole. Please share my video and get the word out. Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to audible to help me make more videos like this, also a prodigious accumulator of wealth will try to get this book for free through this free trial. =D: http://www.audibletrial.com/BeatTheBush Try a 30-Day free GameFly trial here: http://www.gameflyoffer.com/beatthebush Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My Channels: https://www.youtube.com/BeatTheBush https://www.youtube.com/BeatTheBushDIY
Views: 43449 BeatTheBush
Taxes Are Killing Small Businesses
 
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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: 408736 PragerU
How Do I Budget A Small Business? Plus Self Employed Taxes 101
 
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"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: 21377 Gateway Stewardship
How much tax will I pay? UK tax advice for Business Owners
 
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http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. One of the questions we get asked most frequently from our clients -- "How much tax will I pay?" Well, as soon as your accounts are done we will know to the penny, but of course that may happen several months after your financial year end. And it's great to have an idea of how much tax you are likely to pay well in advance of that. So what I'm going to show you is a way to estimate your tax liability. It is only an estimate. We won't know for sure until your accounts are done but it will give you something as a guide as you look ahead through the course of the business year. The amount of tax you pay is dependent upon the type of business you operate. So in this video we are going to look at the two main types -- the sole trader and the limited company. If you are a sole trader you can earn roundabout £7,500 a year in profit, not sales, that's your sales and then take off your costs and your not going to pay any tax on that money. But as soon as you go above that level you are going to start paying tax at a rate of 20%, the same as somebody in employment. But you are also going to have Class 4 National Insurance. Now that kicks in at 9% making your total tax hit 29%. Now the Class 4 National Insurance is interesting because people think my National Insurance - I get a pension, I get hospital cover. Yes, you have already paid for that in a direct debit that goes out of your account every month. This is just tax. You do not get any extra benefit from having paid it. So in order to work out how much tax you have to pay we need to look at your profit month-on-month. You take your sales, subtract your costs, not your drawings, that's money you take out. Put them to one side for the moment. Once you have got that profit situation in place, £600 every month that's yours free, nothing to worry about. But after that £600 you need to put nearly a third away. That is one third for the government, two-thirds for you. Stick it in a cash ISA. It gets paid in January of each year, but be careful because you may also have what is known as a payment on account if your tax bill is high and that's going to kick in, in January and July . Now the Limited Company is completely different because you are not taxed. It is the company that is getting taxed. And the company does not have any tax free amount that it can earn year after year. Company pays tax as soon as it makes £1 of profit and it pays tax at a rate of 20%. That's 20% on all its profits way up to a quarter of a million pounds approximately. Now that's a 9% saving for most average earners. That's most significant. A company has to pay its tax 9 months after its financial year. So calculating it. You take your sales subtract the expenses the business incurs. That's your costs, salary perhaps, supplier invoices and that gets you your profit before tax comes off. Then put 25% away to be on the safe side. So it's a quarter for the Government and three quarters for you. That's what you can have as your dividend income. One of the pit falls of many businesses get into. They think there's my profit, I'm going to take a dividend and get a tax on the dividend. Now that's wrong. Tax gets paid on the profit and then it's your bit. The dividend - that comes afterwards. Remember what I've just told you. It's about estimating your tax bill. If you want to know exactly how much tax you are going to pay send us your accounts. In the next video I'm going to talk about How to get a dividend out of your company.
Views: 30418 oxfordaccountant
7 Record Keeping Tips for Small Business Owners
 
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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: 53447 Work Life Glue
New Income Splitting Rules For Small Business Taxes
 
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I know what you’re thinking: “another change for small businesses?!?” In the final instalment of my tax update for 2018, I’m going to detail the ways that tax on income splitting has changed. Don’t forget to like, share, and comment below if you have any questions about the Federal Budget changes, or any other financial planning topics! Make sure to read my blog that explains income sprinkling from a professional corporation here: https://www.pwlcapital.com/en/Advisor/Montreal/Anthony-Layton-Peter-Guay/Advisor-Blog/Anthony-S-Layton/July-2017/Should-you-pay-your-family-from-your-company Updates to the Federal Budget from the Government of Canada: http://www.fin.gc.ca/n17/data/17-124_1-eng.asp ------------------------ Visit PWL Capital: https://www.pwlcapital.com/Montreal Follow PWL Capital on: - Twitter: https://twitter.com/PWLCapital - Facebook: https://www.facebook.com/PWLCapital - LinkedIN: https://www.linkedin.com/company/105673 Follow Peter Guay on - Twitter: https://twitter.com/PWLPete - LinkedIN: https://www.linkedin.com/in/peter-guay-cfa-7608663/
Views: 10026 Peter Guay
Pay Less Taxes: Tax Tips for Side Hustlers and Small Business Owners
 
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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: 17042 Nick Loper
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: 20245 Olivia Hayward
Business Taxes 2018-2019 -How To Avoid Paying Small Business Tax Without Using An LLC Or S-Corp
 
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Business Taxes 2018-2019 -How To Reduce Or Avoid Paying Small Business Tax Without Using An Llc Or S-Corp 👉 https://e8w74.app.goo.gl/3wfg 👈 Grow your Shopify.Store 👉 https://e8w74.app.goo.gl/shopify 👈 design a web page free 👉https://e8w74.app.goo.gl/clickfunnels A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. The taxes may also be referred to as income tax or capital tax. Partnerships are generally not taxed at the entity level. business tax - small business tax advice and tax deductions. What you need to know about Schedule C and other small business taxes and tax forms LLM International Business Tax Law 2018 With the Income Tax Act 2015 introduced in the beginning of the year, new business tax laws are now in place 2018 business tax changes is a big win for small businesses National Association of Enrolled Agents (NAEA) offers the following small business tax tips to coincide with national Small Business Week The Ultimate Small Business Tax Preparation Checklist pay additional state and local taxes that are applicable to your business. business taxes 2018-2019-2018 tax changes for small business ways to reduce business taxes under trump's tax plan vmb small business tax advice and tax deductions avoid paying taxes legally!!! the power of a home-based business 2018 tax changes for small business sky news - live how to pay taxes on your small business how trump's tax plan will affect small business owners (attention all entrepreneurs!) understanding tax returns for small business owners how do i budget a small business? plus self employed taxes 101 2018 tax update for the self employed | a brief digestible summary of the new tax laws how do small businesses pay taxes? google Filing and Paying Your Business Taxes | Internal Revenue Service What is the business tax rate? How much does an LLC pay in taxes? What are the types of business taxes? How much can a small business make before paying taxes? Business Taxes | Internal Revenue Service - IRS.gov Apr 12, 2018 - Refer to Business Structures to find out which returns you must file based on the business entity established. The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. Aug 2, 2018 - An Employer Identification Number (EIN), also known as a federal tax identification number, is used to identify tax reports to the IRS. Business Taxes. The form of business you operate determines what taxes you must pay and how you pay them. Estimated Taxes. Federal income tax is a pay-as-you-go tax. Excise Tax. The federal government taxes businesses that manufacture or sell certain products. You may also have to pay this tax in other situations, including if your business uses various types of equipment, facilities, or other products. ‎Business Taxes · ‎Energy Tax Incentives · ‎Tax Relief in Disaster ... Types of Business Taxes - The Hartford There are four basic categories of taxes that might affect business owners. Here is a list of business taxes, how they are determined, and a game plan to help ... About the Business Tax | Los Angeles Office of Finance The City of Los Angeles Business Tax is a privilege tax imposed for revenue purposes only to support the essential services the City provides. No attempt is ... Business Taxation | Tax Return | Hesperia, CA - Best Tax Service What You Need To Know About Measure 26-201: A Business Tax For A Clean Energy Fund In Portland Walmart letter warns tariffs will raise prices and tax American businesses 760-947-6729 - Get complete help in tax preparation from Best Tax Service. Find tax filing services for individuals and businesses. Small Business Taxes: The Virtual Workshop - IRS Video Portal What you need to know about Schedule C and other small business taxes and tax forms. Lesson 3. How to file and pay your taxes electronically. Lesson 4. Business Taxes | Treasurer & Tax Collector The Office of the Treasurer & Tax Collector collects business taxes and fees for various licenses and permits that are required by the San Francisco Business ... google vidz How to Pay Taxes on Your Small Business - YouTube The reason small-business owners love Trump's tax plan - CNBC.com Here's why Trump's tax plan will hit Californians especially hard - Los How the 2018 Trump Tax Reform Affects Your Small Business Trump 'small business' tax cut is not what it appears to be Individual & Business Tax Preparations — Exact Tax How Do Small Business Tax Deductions Work Business Registration | Treasurer & Tax Collector California Department of Tax and Fee Administration https://en.wikipedia.org/wiki/Corporate_tax https://youtu.be/Gj5pSVpKV4M https://www.wsj.com/articles/the-corporate-tax-cut-is-paying-for-itself-1537310846
Views: 143 HOUSTON MCMILLER
How to Avoid Taxes ... Seriously
 
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Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar How to do taxes as a college student? How do taxes work? What are some of the best ways to avoid taxes? What does it mean when someone writes off something in their taxes? Keep mind, I summarized a lot of stuff that is not "perfect" by the books, but if you don't make a lot of money, you'll likely not get audited for grey area deductions such as cell phone, and office room rent. The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineeredtruth ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Views: 577543 ENGINEERED TRUTH
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
The 8 Best Tax Write Offs for Small Businesses in Canada
 
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If you are a small business owner in Canada, you may want to recognize the various tax deductions that will help save you money. In this video, the 8 best tax write-offs tips will be discussed. 0:27 – 1. Home-Office Expenses 1:00 – 2. Vehicle Expenses 2:08 – 3. Accounting and Legal Fees 2:23 – 4. Office Rent 2:39 – 5. Advertising 3:40 – 6. Meals and Entertainment 4:16 – 7. Insurance 4:36 – 8. Capital Assets 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/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts 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. Music: Perspectives by Incompetech Animation: Created with GoAnimate
Views: 25384 Allan Madan
How Do I Pay Myself in a Single-Member LLC? - All Up In Yo' Business
 
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Learn more about 180 Law Co. LLC by visiting http://180lawco.com. One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes. 2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business. In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.” If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that. Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 299732 180 Law Co. LLC
HOW TRUMP'S TAX PLAN WILL AFFECT SMALL BUSINESS OWNERS (ATTENTION ALL ENTREPRENEURS!)
 
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Do you own your own business? Are you wondering how Trump's new tax plan is going to affect you and your business? Then this is video you HAVE to see. Matthew is joined by Nick Fortune with Fortune DNA to discuss the positive and negative affects this new tax plan will have on Small Business owners and Entrepreneurs and what you can do to put your business in the best position possible come tax season. If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: [email protected] SUBJECT: TAX PLAN INCLUDE: Contact Information / Direct Phone Number Don't forget to sign up TODAY for your exclusive one on one consultation at: http://www.FreeCoachingCalendar.com Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Complimentary Services and Products mentioned in our videos are available for a limited time only and are not guaranteed at the viewing of this video. VIP Financial Education provides resources for educational purposes only. Our education is not a substitute for Legal, Tax, or Financial advice and results vary. VIP Financial Education encourages viewers to do their homework before taking any financial action. VIP Enterprises, LLC may from time to time earn commissions by recommending various products, services, and programs.
Views: 13166 VIPFinancialEd
2018 Tax Changes for Small Business
 
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Home Loans by Gil Kerkbashian NMLS 197757 (847) 873-7295
Views: 22408 Gil Kerkbashian
Small Business Tax Calculator
 
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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! 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
What every business owner needs to know about payroll taxes
 
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Contact us at 888-727-8796 if you need assistance with your tax problem (and yes, your information will be subject to the attorney client privilege). We’ve successfully assisted thousands of clients deal with IRS issues. You can also email us at [email protected] We deal with both domestic and offshore issues. www.irsmedic.com Before the 1940’s, taxes were only paid by the ‘Fat Cats’, and they were paid in quarterly installments. Since such a small percentage of people were paying taxes, it was easy for the government to ensure that everyone was compliant. They assured us that only these ‘Fat Cats’ would pay --- until they 'changed their mind' to expand the tax burden to include everyone. “But it’s war time! The budget is suffering and we need your help! Don’t worry…this tax won’t be around forever!” And so we all began to pay. What the government realized quite quickly was that they could rapidly lose control of compliance and collections since there were now so many people paying taxes. They also realized that since they were taxing people a percentage of their salary, the tax debts could add up to the point that the taxpayers just couldn’t afford to pay it back. Taking control with “Pay as you go”: In 1943, Congress passed the Current Tax Payment Act. The idea was born from Beardsley Ruml, an executive for R.H. Macy & Co. and adviser to Roosevelt. In his experience in working with customers from Macy's, he noticed that people didn’t like big bills --- they instead liked to make partial, smaller payments. His “Pay as you go” idea grew into this act that required employers to withhold a percentage of federal income taxes from their employees wages. The employers would then be responsible for paying the government on the workers behalf. Withholding was a great way to keep control of the masses. It’s easier to police a smaller number of taxpayers, and, employers are easier to influence as they have more at stake. Understanding withholding and payroll taxes: Payroll withholdings are the taxes and benefits paid by the employee and include: Employee portion of Social Security tax - 6.2 percent Employee portion of Medicare tax - 1.45 percent (a 0.9 percent Medicare surtax when the employee earns over $200,000) Federal income tax State income tax Court-ordered withholdings As an employer, you are technically the 'trustee' and are holding this money 'in trust' for the government until your quarterly payment is due (4/15, 6/15, 9/15, 1/15). Technically, this is not your money... it is the governments. The law also requires you to pay the employer's portion of two of these taxes: a 6.2 percent Social Security tax a 1.45 percent Medicare tax (the “regular” Medicare tax). We have a lot of clients that are dealing with payroll tax debt. The stress can feel overwhelming, and you may make poor choices trying to solve the issues on your own. It’s a scary thing because you are talking about not only your own livelihood, but also the livelihood of your employees. Scarier still is that you are personally liable for this debt; it's not just the responsibility of 'the business' to pay it back. In our experience, we find that 98% of payroll tax problems are caused by cash flow. Cash flow problems can easily spiral out of control, and can be caused by a client that burns you, a natural disaster, a lawsuit, or employee embezzlement, to name just a few reasons. Unfortunately, we find that the nicest people end up with payroll problems because they may be afraid to lay any employees off. These are honest people that didn’t take the money for their own use; they took the money and put it into the business to keep the lights on, or to pay for supplies hoping to turn the business around. They are misunderstood, hard-working, and are simply trying to make ends meet. We’ll talk more in depth in tomorrow’s article about payroll tax solutions and negotiations, but bear in mind that sometimes if you lay people off, you may be able to get your issue under control and end up re-hiring them. If you need assistance with a payroll tax debt, don’t hesitate to contact us. We’re here to help. http://www.irsmedic.com Serving US taxpayers worldwide "Real Tax Attorneys for Tough Tax Problems" IRS Medic: Parent & Parent LLP 212.256.1335 888-727-8796 Twitter: https://twitter.com/irsmedic Facebook: https://www.facebook.com/TheIRSMedic
Views: 5138 IRS Medic
New Tax Rules for Small Businesses in Canada (2018)
 
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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: 28944 Allan Madan
How To Pay Yourself as a Business Owner
 
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How to pay yourself as a business owner: watch the video for advice on paying yourself as a small business owner from Nashville CPA Evan Hutcheson (http://www.evanhcpa.com). In the video, I go over certain issues regarding payroll for startup companies in Tennessee. One of the first, and most important, things you need to make sure you understand and do correctly is how to pay yourself as a business owner, and paying your employees if you have any employees. First you need identify the type have entity that you are, whether it’s an LLC or a corporation. If you're an LLC and you have no employees, then you do not actually need to set up payroll for yourself. You can simply transferring money from your business account to your personal account to pay yourself as the business owner. It's always a good idea to set up some sort of budget to establish control over the withdrawals that you make. If you're a corporation on the other hand, with or without employees, you still need to set up payroll. Shareholders of corporations pay themselves through payroll instead of taking withdrawals like an LLC owner. As I go over in the video,there are many ways to pay yourself as a business owner when doing payroll. You can hire a payroll company to issue your payroll, try to do it yourself or have a CPA do it. It is possible to do it yourself if it's not very complex. In that case you can just use a spreadsheet. I go through an example in the video showing you what categories you need for a spreadsheet: gross pay; net pay; payroll tax liabilities; employer and employer social security; and employer Medicare tax, both of which are tax deductible by the way. I go into these categories in depth. So watch the video to learn about how to pay yourself as a business owner. Please share this video about paying yourself as a business owner: http://www.youtube.com/watch?v=2QAmJFD4V8k Subscribe to my Channel: http://www.youtube.com/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=THzREyqpjbE How To Pay Yourself as a Business Owner Startup Business Tennessee
Taxes For the Self-Employed | How to file the PERFECT Income Tax Return
 
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UPDATE (please read): Some of my contact information has changed. The new information is as follows: Twitter Handle = @TheSETaxGuy New Facebook Page = /TheSelfEmployedTaxGuy New Email = [email protected] Instagram = @theselfemployedtaxguy Ok carry on... Being self employed is one the greatest feats a person can achieve. It gives one a true sense of freedom and control and is like a great sun shines day until the IRS comes along and brings rain clouds. Well... If you are looking for information on business taxes, freelance taxes, self-employed, a serial entrepreneur, a social media-preneur or or what to do with a freaking 1099-Misc or 1099-K... then you have landed on the right video. Enjoy and join the community. Find out exactly what you need to do in order to file that perfect tax return.
Small Business Tax Tips to Maximize Your Tax Return
 
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Small Business Tax Tips to Maximize Your Tax Return: http://andrewshin.net As millions of small business owners get ready to file their taxes, they will be searching for exemptions that might be possible for their business. Luckily, there are many exemptions and credits that owners can take advantage of. By writing off certain expenses, a business owner can significantly reduce their tax burden and put the extra money towards growing their enterprise. First off, you must understand the difference between a credit and a write off. A credit is a dollar for dollar deduction from your taxable income. An exemption will qualify for only a percentage. Following is some useful small business tax tips that you can apply to help you maximize your tax refund. Auto repairs and mileage (1:20) -- Anyone in business has expenses relating to using a car. Unless your job is done from 100% cyberspace, you have to leave the house to meet with clients, network and pick up supplies. If your job is significantly sales oriented, this mileage can really add up. You can use a standard rate of 55.5 cents per business driven mile. That is not all though. If you use a newer vehicle, you can write off the additional depreciation related to your business expenses. Of course, if you use the car for both business and pleasure, you are only allowed to write off business miles. New business exemption (2:28) -- If you are a starting up a small business you are allowed to deduct up to $5000 for the first year that you are in business. This deduction is for things like supplies, utilities and repairs. This is for start ups only and only applies to the first year of your new business. You can either take the $5000 in a lump deduction, or you must deduct it in equal amounts over a period of 5 years. Bad Debts (3:39) -- If a customer stiffs you over a certain amount, you can claim it as bad debt and write it off. This bad debt deduction is only for products and is not for services. Interest (3:53) -- Most businesses do not start up without a little bit of financing. If you have a loan or credit card that you use, the interest on loans are completely tax deductible. Keep all your receipts in the event you get audited, so you can prove the charges were business related. Advertising and Promotions (4:54) -- Of course, this means big things like commercials, but it also means small things like business cards and stationary. If the item is used to promote your business, then it is tax deductible. The expenses of networking, like attending conferences and taking clients out to lunch are also deductible. If you are doing it to grow your business, then it is a deductible expense. If you started a new business and are getting ready to file your small business tax, your best bet is to talk to a CPA. There are virtually thousands of credits and exemptions that can be claimed for a new business. A CPA will be familiar with those credits and exemptions, so they will be able to maximize your refund. In addition, they will be able to tell you if certain things aren't allowed, of if your claiming expenses that are too high, and they will help you avoid the headache of an audit. To Your Success, Andrew Shin Blog: http://andrewshin.net Facebook: http://www.facebook.com/AndrewShin.Inc Twitter: http://www.twitter.com/AndrewShin7 http://www.youtube.com/watch?v=yqn9WemsOBQ
Views: 24213 imtips101
Small Business Tax Deductions + How to Save Money on Taxes
 
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http://www.homebusinesscenter.com/tax.html If you own a company, you must complete annual tax returns. If you run a home business and do not have any employees besides yourself, taxes immediately became much easier. Even though your job just became easier, there is basic but important tax information you should know before you get started, plus tips on how to make the job simpler. Home Business Tax Deductions When launching a start-up, many business owners wonder what costs they can and can not deduct. A simple rule to follow is that deductions have to be both ordinary expenses and necessary expenses to the business. There are a variety of places where entrepreneurs can deduct costs. For instance:A few areas are supplies, advertising, travel and entertainment, insurance, repairs, rental fees, worker pay, etc. Also deductible is the business use of your home and car. The IRS website has additional information on write offs. If you maintain documented receipts and excellent records of expenditures regularly, tax returns will be easier to complete. Use a business credit card for business expenses. Do not mingle personal and business accounts. For people who don't use an accountant, you may want to take advantage of a simple accounting software program like Quick Books Pro or Quick Books Simple Start. These programs organize both income and expenses so that preparing income tax returns does not become overwhelming. Tax Return Documents The income tax forms needed for a particular business will vary, depending on the way the company is organized (a sole proprietorship, corporation, s corporation, LLC or partnership). You can access the required forms from the IRS site, with directions for filling them out. According to the IRS website, those who run a sole proprietorship or LLC complete a 1040 individual income tax return form with a Schedule C Attachment, profit or loss from business. Corporate entities use form 1120 while S corporations use form 1120-S. Companies that are partnerships use form 1065. Tax Preparation Software A tax professional can be paid to fill out business returns, or you can do them yourself. Just like individual tax software, there is do-it-yourself tax preparation software for small businesses. You can even find home and business software packages which include both programs for preparing personal returns and corporation business returns. Buying a multi-software package most times is marked down and can be a great deal for small internet businesses on a budget. Recognized companies such as H&R Block and Intuit offer home and business software together that you can buy for under $100. For people who do not like to download and install software, Tax Act offers a web-based program that is accessible online and you don't have to hassle with any software. Tax returns filled out by a tax professional can set you back $500 or more, so there is a big cost savings to doing the work yourself. However, tax pros typically have knowledge of little-known deductions that non-professionals miss out on, and professionals can of course save you the work completing returns.
Views: 25811 HomeBusinessCenterTV
1. How can I Pay Myself from my Company? Tax Efficient Remuneration Strategies for UK Directors
 
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*****NOTE THAT THIS VIDEO SERIES IS NOW OUT OF DATE****** In this video we set out the ways in which director shareholders of UK companies can extract funds from their company as remuneration in a tax efficient way. This is a series of seven short videos covering this topic of Tax Efficient Remuneration Strategies for UK Director Shareholders and is aimed at SMEs. You can learn more at: https://www.businessn2k.com https://www.iptaxsolutions.co.uk This video is for educational and information purposes only. It does not constitute professional advice. Reach out if you need help!
Views: 18589 Steve Livingston
2018 Tax Update for The Self Employed | A Brief Digestible Summary of the New Tax Laws
 
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UPDATE (please read): Some of my contact information has changed. In you need to reach me... The new information is as follows: Twitter Handle = @TheSETaxGuy New Facebook Page = /TheSelfEmployedTaxGuy New Email = [email protected] Instagram = @theselfemployedtaxguy Ok carry on :) Did you know that as of January 1st 2018, there were some new tax laws that took effect that will change the outcome of your Self-employment taxes and business deductions? Well... if you did or if you didn't, in this short video I'm going to briefly explain what changes took effect and how its going to impact you and your self-employment taxes. Please understand, however, that there were a ton of changes and whats covered in this video only pertains to a small part of the personal and business changes. And because this law is so new... somethings are subject to be amended. I ask for your forgiveness in advance, as like everyone in the field of taxation, I'm still trying to wrap my mind around it all so if there were any parts that were not clear - I apologize. For more information on the Self-Employed Tax Academy click here: https://www.selfemployedtaxacademy.com
How Much Does The Average Small Business Pay In Taxes?
 
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How much tax will i pay on my business income? Small. Your business revenue and gross profit figures are each important pieces of the income tax puzzle. 5 56 votes co owned llcs themselves do not pay taxes on business income; Instead, the llc owners llc owners pay twice as much self employment tax as regular employees, since (56 votes, average 4. What's the average american's tax rate? Usa today. They're cheap so co owned llcs themselves do not pay taxes on business income; Instead, the llc owners twice as much self employment tax regular employees, since (56 votes, average 4. High income americans pay most taxes, but enough to be are small business taxes based on revenue or gross profit. How much tax will i pay on my business income? Small how do small businesses pay? The balance. In your business before it turns a profit, it's important to pay attention tax additionally, many small businesses can deduct costs associated with providing do research identify all possible deductions and give company leg up feb 11, 2011 how of these phrases have you uttered? 1. May 3, 2017 nearly 60 percent of small sole proprietorships have a net income less than while only 3. Mar 10, 2017 however, that doesn't tell the entire story, as there are several other taxes most americans pay. Accounting jun 1, 2017 as a sole trader, you pay the same tax individual taxpayers, at note above rates do not include medicare levy of 2. Has sales of and deductions for net income the year. 54 out of 5) business planning funding starting pitching managing small business loans angel investment branding [pdf] effective federal income tax rates faced by small businesses in effective federal income tax rates faced by small businesses in how to calculate and make estimated tax payments the 2017 guide to the small business tax rate funderabizfilings. Mar 31, 2017 the irs tax code is complicated many small businesses struggle to there are several types of federal taxes that a business must pay if you're like most owners, you an accountant or other end year cut off point for saving strategies. Here's a clearer picture of how much apr 13, 2016 their average tax rate (total taxes paid divided by cumulative agi) was 25. 54 out of 5) business planning funding starting pitching managing small business loans angel investment branding calculating the overall costs of federal income taxes to small business with respect to pass through entities that do not pay federal income taxes directly. In addition to paying your employee their wages salary, business owners are also on average, these employment taxes cost employers about 15. This is likely because the amount of refundable tax credits much smaller for may 5, 2015 small businesses are important to u. What are the tax rates for income? How much does your employee actually cost? Cpa in erie, co. New small business? 5 things to know about federal income taxes. Small businesses and their income tax burden foundation. Percent have a net income of at l
Views: 17 Funny Question
Tax Difference between LLC and S-Corp - LLC vs. S Corporation explanation (FREELANCE TAX & 1099 Tax)
 
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Best LLC vs. S-Corp walk through on the internet! Follow us at: Twitter - https://twitter.com/feedbackwrench Facebook - https://facebook.com/feedbackwrench Instagram @feedbackwrench What's the tax difference between an LLC and an S-Corp? What's better, an S Corp or an LLC? How to convert to an S Corporation? Are there tax savings when you become an S-Corp? What business type should I be? How to choose a business type? There are dozens of questions that people have concerning their business entity type. The bottom line is that people are usually trying to pay their fair share and not a penny more - that's the most important thing to them. If you're looking for tax planning advice, ways to reduce your taxes, legal tax loopholes, the best tax loopholes for small business or the best tax write offs for small business - the foundation starts with your business entity type. You should make a wise decision about becoming a limited liability company taxed as a sole proprietor or an S-Corp, because it might save you in self employment, social security and medicare taxes. Social security taxes for an S-Corp are important to figure out! So is figuring out the medicare taxes on an LLC or an S-corp. We hope this video helps you out a ton!
Views: 208369 FeedbackWrench
Tax basics for small business - overview
 
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Are you new to small business? Our 'Tax basics for small business' videos are here to help! This series will explain more about how to better manage your tax, super and reporting requirements, including step-by-step instructions and link to resources. This short video helps to explain the differences between 'hobby' and 'business', and how tax applies to different business types. Find more smallbiz tax tips at https://ato.gov.au/taxbasicsvideos.
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: 31274 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: 35427 Ambrozy Accounting
HOW To File INCOME TAX RETURN (ITR) For SMALL BUSINESSMAN | Income Tax E-Filing | ITR 4  LIVE DEMO
 
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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: 125234 Chartered Wisdom
SMALL BUSINESS Owner CUT TAXES and Give Employees Benefits for No Cost
 
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Save on taxes. Receive a $660 FICA Tax reimbursement and Give your employees Life Insurance and ROTH IRA without changing their take home pay and cost you the employer nothing to provide. Even if you offer no benefits and have 3 or more employees this will provide a FICA tax savings for you and money for your employee to put towards benefits. (630) 834-3794 www.retire.vpweb.com
How to Pay Yourself in a Single Member LLC
 
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In today's video, I share with you the proper method to pay yourself if you own a Single Member LLC. Single Member LLC's are one of the most powerful and flexible legal entities that most online entrepreneurs use to protect not only their business, but also their personal assets. However, if you don't set up the LLC properly, it won't provide you any protection at all. Today we talk about how to pay yourself if you have set up a Single Member LLC. This will be especially helpful for you solopreneurs out there who are building businesses on the side. I've written a more in depth blog post on this issue at my website: http://www.hawthornlaw.net/how-to-pay-yourself-in-a-single-member-llc/ I have also prepared a business building legal checklist that you can download at the following link: https://www.hawthornlaw.net/cheatsheet For more information, you can check me out at: http://www.hawthornlaw.net Or find me on Social at: Twitter: http://www.twitter.com/hawthornlg Snapchat: @jimhart518 Facebook: http://www.facebook.com/hawthornlaw Or join our free online community at: http://www.hawthornlaw.net/facebook
Views: 189158 Hawthorn Law
How to write-off your kids' expenses on your taxes
 
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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: 27028 Laura Pitkute
Income Tax -- Small Business Tax Tip
 
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http://www.nchinc.com/ All businesses except partnerships must file an annual income tax return. Partnerships file an information return. The form you use depends on how your business is organized. Speak with your tax consultant to find out which returns you must file based on the business entity established. The federal income tax is a pay-as-you-go tax. You must pay the tax as you earn or receive income during the year. An employee usually has income tax withheld from his or her pay. If you do not pay your tax through withholding, or do not pay enough tax that way, you might have to pay estimated tax. If you are not required to make estimated tax payments, you may pay any tax due when you file your return. For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.
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: 44600 advisorfi.com
Trudeau thinks small businesses are just tax avoidance schemes
 
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Ezra Levant of TheRebel.Media reports that last night, CBC's Peter Mansbridge asked Liberal leader Justin Trudeau where he stood on reducing taxes for small businesses. In his shocking answer, Trudeau showed how out of touch he is when he said that many small businesses are just tax avoidance scams. It isn't difficult to understand how he has come to this very negative view of what businesses are if you review the financial disclosure he produced when he became an MP. It shows a dizzying array of numbered holding companies with impressive executive titles for Trudeau that don't really have any responsibilities attached to them. Not surprising really since the last Trudeau that had to work for a living was his grandfather. This trust fund kid has spent all his time traveling, even telling one interviewer that he has already visited over 90 countries in his life. Perhaps we can give him some points for honesty though since in his limited experience, corporations are exactly how he described them --- a way for trust fund kids to avoid paying taxes. It's just unfortunate for the rest of us that this man who would be Prime Minister, has no idea how hard the rest of us work. JOIN TheRebel.media for more fearless news and commentary you won’t find anywhere else. http://www.TheRebel.media SIGN UP FREE for exclusive Election 2015 coverage from The Rebel team! http://www.therebel.media/election_2015_coverage JOIN OUR CROWDFUNDING CAMPAIGN to bring you fearless Canadian election reporting! https://therebel.nationbuilder.com/election2015_coverage
Views: 85390 Rebel Media
VAT for UK small businesses - Tax Tips & Advice for Business
 
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http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. In this video I'm going to talk about how you can make money from VAT. VAT is all about your sales. The threshold is £73,000. If you're rolling 12 months sales exceeds that limit you have to register for VAT. The key word in that is rolling. It doesn't operate on 1 financial year to the next basis. It operates on a rolling 12 months. Soon as you tip over, you have to register. What I'm interested in is registering early on a voluntary basis. Before your sales get anywhere near £73000 a year. Why would you want to do that? Well it a lot of cases you can actually make a lot of money from it. If you are selling to other businesses and those businesses are VAT registered then your sales are no more expensive now than they would be if you weren't VAT registered. On the plus side expenses you incur running the business suddenly become cheaper. There are lots of things you may buy which have VAT on them. Mobile phone bills, internet, computer equipment, desks and chairs, even dare I say Accountants bills. All of those things become cheaper if you are VAT registered. Now that can save you around about a sixth of the cost when you add that up over a quarter, over a year that's quite a substantial saving and that's extra profit for you. Money that you don't have to go and generate in sales elsewhere. So when you are in a situation where you are selling to other businesses think carefully about VAT registering nice and early would benefit you and make you some money. Now there is another line to the VAT side. If you happen to be in professional services you may not buy a lot, month on month for your business - a bit of mobile phone, a bit of internet. There is a scheme called the flat rate scheme and its particularly useful for biusinesses who are in professional services who don't have a lot of expenditure. Its also really easy to operate because you are only looking at the VAT on your sales. You can forget about the purchases side. Its all about calculating VAT on your sales and paying over a particular amount that is based on your profession. And that's the important bit, its based upon your profession. The rate you pay across is different from one type of business to another. Getting the right type of business can make you quite a bit of money ever quarter. We have clients who are making £600, £1000, £2000 a quarter through nothing more than having the correct business type and being on flat rate VAT scheme. That's money directly into your pocket care of HMRC. Flat rate VAT isn't for everyone. If you are selling overseas it may not be beneficial to you and if you are making losses it probably isn't with sales particularly low. So you need to think carefully about the ratio of your purchases to your sales and then decide which scheme is best for you. So what is the next step? Well registering for VAT is relatively straight forward. It can be done online or by your accountant. The important thing is record keeping. But then you probably know that about running a business anyway. Keep your receipts whether you are on the flat rate scheme or not, get VAT receipts, VAT invoices, keep a record of your income and expenditure. And from that reporting your VAT should be pretty straight forward. In the next video I'm going to talk about how much tax you have to pay.
Views: 48168 oxfordaccountant
LLC Tax Filing Rules -- Small Business Tax Tip
 
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http://www.nchinc.com/ Immediately after you create a Limited Liability Company, or LLC, the IRS automatically treats your business as a partnership, but only for income tax purposes. LLCs that are subject to the partnership tax rules are not responsible for actually paying the tax on business earnings, but are responsible for preparing annual partnership tax returns on IRS Form 1065. However, if you are the sole owner of the LLC, then you must pay tax on business profits as if you were a sole proprietor. If you prefer the tax filing rules of a corporation, then you have the option to elect corporate tax treatment by filing IRS Form 8832 or Form 2553 to be taxed as an S Corporation. As a result, the business is solely responsible for reporting all income and deductions on Form 1120 or 1120S each year and paying the appropriate income tax by the deadline. Keep in mind, once you make this election, you cannot change the LLC designation again for five years. For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.
The Texas Franchise/Margin Tax - A Small Business Guide - Part 1
 
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Covers the basics of calculating and planning for the Texas Franchise/Margin Tax. MGMT 461 Project.
Views: 4506 PracticalKnowledge11
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: 22064 Ambrozy Accounting
No Levy Tax On Small Business | Kingdom Tower 66 Flour Complete | Still Pay On Fuel Station By Cash
 
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In This Saudi News Video Watch, No Levy Tax On Small Business. Kingdom Tower 66 Flour Complete. Still Pay On Fuel Station By Cash. Mujhe Ummeed Hai Ki Video Aapko Zaroor Pasand Aayegi. Shukriya! ►Like, Subscribe, Share and Support. ►Facebook=https://goo.gl/mcmda7 ►Twitter=https://goo.gl/bSmE5k ►Google+=https://goo.gl/mrTSDG ►Youtube=https://goo.gl/MBXQkY ►Is Video Mein Use Ki Gayi News Site Ki Link►https://goo.gl/PmvBEb ►Related Videos ►Channel Pe Available Sabhi Playlist Ki Links Neeche Hai, Jinme Meri Sab Videos Hai. Aap Apni Pasand Ki Videos Dekh Sakte Hai. ►CHANNEL'S UPDATE & NOTIFCATION https://goo.gl/hLa6vj ►SAUDI KI KHABREIN https://goo.gl/Krte8C ►GULF || PASSPORT & VISA https://goo.gl/FrGAua ►SAUDI || PASSPORT & VISA https://goo.gl/HLWth4 ►SAUDI || IQAMA SYSTEM https://goo.gl/m6y9j4 ►SAUDI || MOBILE & COMMUNICATION https://goo.gl/TxR1oT ►SAUDI || TRAFFIC SYSTEM https://goo.gl/8gQC28 ►SAUDI || NEWS & UPDATES https://goo.gl/8nvToK ►DUBAI || PASSPORT & VISA https://goo.gl/ni5Rnm ►DUBAI || MOBILE & COMMUNICATION https://goo.gl/EKMvgR ►KUWAIT || PASSPORT & VISA https://goo.gl/drnRkU ►KUWAIT || MOBILE & COMMUNICATION https://goo.gl/RZPoZK ►QATAR || PASSPORT & VISA https://goo.gl/qUQZTE About: Ye channel special un logo jo ke liye hai jo apne mulk se jese, India, Pakistan, Nepal, Bangladesh, Srilanka etc se Gulf Countries job ke purpose se aate hai. Lekin Language ka farq hone ki wajah ki se yahan unko kafi problems aati hai. Isliye jo log Hindi language samajhte hai, unke ke liye ye channnel Gulf Countries ki lifestyle se related har tarah ki infromation ko janne ke liye best option hai. To is channel ko subscribe kar hamse jude rahe. Shukriya!
Views: 10390 GULF LIFE
Paying Estimated Taxes -- Small Business Tax Tip
 
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http://www.nchinc.com/ Generally speaking, anyone who owes more than $1,000 in a given tax year, after subtracting withholding and refundable credits, is required to pay quarterly estimated taxes. Traditionally this applied to high income taxpayers because of revenues from sources such as interest, dividends or rent. Salaried individuals and those paid hourly wages typically do not pay estimated taxes. Their federal income taxes are withheld from their wages throughout the year by their employers. Self-employed individuals, however, are solely responsible for ensuring that their federal income taxes are paid at the right time. The IRS requires that individuals estimate what their total income tax for the year will be and divide it into four equal installments. The installments must be paid on April 15, June 15, September 15 and January 15, unless the 15th falls on a weekend or federal holiday, in which case the due date becomes the first business day following the 15th. For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.
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: 7077 Avalara
Paying workers - Payments to contractors: Tax basics for small business
 
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This video explains the tax obligations you may have when you pay a contractor to do work for you in your business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
Are you in business?: Tax basics for small business
 
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This video explores the differences between a hobby and a business, how to determine whether you are in business and what it means to be in business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos