HOW TO DO YOUR TPT BUSINESS TAXES and TEACHERS PAY TEACHERS UPDATE
In this video I will give you a summary about the recent acquisition of TPT by IXL. Will it be a good move? I think so.
Have you started your business taxes for your TPT income? I will give you a few tips on getting started and what to keep track of. Whether you are tracking your TPT income and expenses manually or digitally, do it diligently!
Websites Mentioned:
Teachers Pay Teachers / TPT
IG Account: @allaboutacctg
TPT Logo: Bunny on a Cloud - TPT
Google Sheets
Replay of TPT Meeting: bit.ly/3T7hfj6
Turbo Tax Software (Canada): turbotax.intuit.ca/tax/software
Thanks for watching! Please comment below with your thoughts and questions.
Need a template? You can purchase one here: bit.ly/3BCN62l
You can also find me:
Side Hustle Help for TPT & Boom Facebook Group: bit.ly/2UH50PZ
Email: itsallprimary@gmail.com
Website/Blog: itsallprimary.com
Follow me on Instagram: / itsallprimary
Follow me on Teachers Pay Teachers: bit.ly/3l1xkW4
If you would like to receive a mini store review, which will be featured on KZread in the near future, please email me!
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Пікірлер: 27
Thank you so much for posting this video. This is my first year selling on TPT and have been searching for more info about TPT and taxes. The instagram account you recommended is exactly the reference point I needed! Thank you!
@ItsAllPrimary
Жыл бұрын
Hi Holly, so glad her IG account will help! All the best with your taxes and store!
Personally I don’t care who owns TPT. As long as I’m still able to sell and there’s still a significant amount of people coming to TPT to shop then I don’t care lol.
@ItsAllPrimary
Жыл бұрын
I think many will agree with you Amber!
Thanks for this video! I’m watching all your videos back to back and learning so much. I’m glad you brought up turbo tax because soon I will be moving to Canada to help my dad. I will be keeping my remote teaching job in USA. Hopefully turbo tax can handle that! 😅
@ItsAllPrimary
7 ай бұрын
Unless you earn money while in Canada, I don't think you will have to file with Revenue Canada.
BEST video with your Cats!
@ItsAllPrimary
11 ай бұрын
Haha - if there is a bug in the room - look out!
@TheLittlechicthings
11 ай бұрын
@@ItsAllPrimary your videos are out of this world, by the way.
I look forward to open my own store and attract customers there.
@ItsAllPrimary
Жыл бұрын
Yes, it will happen!
I’m not sure but I’ve heard in the states that you don’t have to claim any money you’ve made unless it’s over $400
@ItsAllPrimary
6 ай бұрын
$400? You should check that. My first year I made under $200 and I still needed to claim it. It was on a different form, though.
I am assuming you are in Canada.. Did you have to fill up the (IRS Form W-8BEN-E for businesses) and submit it for Hyperwallet?
@ItsAllPrimary
10 ай бұрын
Hi Joanne, actually I didn't have to for TPT. Being online income, I was able to fill out "online earnings". However, for my KZread income, I did have to fill out the IRS W-8BEN. I think TPT has to be over a certain amt. It was $20,000/yr. Rumour is that it will be $600/yr for next year's taxes.
@joannafernandes9395
10 ай бұрын
@@ItsAllPrimary that’s awesome information. Thank you
What about sellers outside the U.S.?
@ItsAllPrimary
Жыл бұрын
Hi Angely, I am a seller outside of the US. If this is your first time claiming your TPT income, check with someone who does taxes in your area about what is required.
How do I pay taxes if i'm not in the States?
@ItsAllPrimary
Жыл бұрын
You should not have to pay taxes for the US. Whatever country you are in, you need to claim your earnings from an online source/website.
@priscillaugaldegreen828
10 ай бұрын
@@ItsAllPrimary that means I don't have to fill out any tax form?
Have you tried a steroid for your ear? Several years back, I had a plugged ear that I could not hear out of. I also had loud ringing in that ear. I had to go on a steroid for an unrelated allergic reaction. The steroid unplugged my ear, no more ringing, and I could hear fine. I am not a doctor. I'm just relaying my own experience. My ear had been plugged for over 6 months before taking the steroid. I hope your ear gets better soon.
@ItsAllPrimary
Жыл бұрын
Hi Melanie, yes, using steroids now. Thank you for sharing. 6 months sounds like a long time. Still have hearing, most of the time.
Plz get to topic soooooner
@ItsAllPrimary
8 ай бұрын
Feel free to skip ahead.
I thought it was awkward too, and kind of sad (esp for Joe).
@ItsAllPrimary
Жыл бұрын
Yes, Joe looked sad.