This week’s legal brief is all about taxes and your business income.
Tax season is upon us and I’m giving you a few tips to help you get on the right foot.
There are plenty of myths and misconceptions about when to report your income and what type of return to file. I’ve broken it down for you.
In this episode, I discuss:
- When to start reporting your income and losses;
- How to keep track of your business deductions; (FREE CHEATSHEET!!)
- How to pay yourself from your business income;
- What tax return to file for your entity; and
- Estimated tax payments.
Since it’s my 50th episode, I reflect on my milestone and how I plan to slow down, enjoy the moment and look at what I’ve accomplished.
Remember with all Legal Briefs, there’s a pre-recorded webinar and cheatsheet for you.
If you’d like to learn more, checkout the FREE pre-recorded webinar which includes a cheat sheet to help you track your business expenses.
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