Small Business Taxes for Beginners: A Simple Guide To Filing in 2024

Small Business Taxes for Beginners: Learn from a Licensed CPA with a decade of experience.
90% of small business overpay on taxes and you do not have to be one of them. As a CPA, I have seen this happen in so many different ways:
- They miss easy deductions
- They forget information
- They file late
- They file the wrong forms
- They don’t pay estimated taxes
- Then the IRS penalizes them
- And they pay EVEN MORE MONEY in fines
...In addition to their inflated tax bill they did nothing about
Now, all of a sudden, they owe a ton to the IRS. Fortunately, all of this stress can be avoided by following the simple steps that I am about to give you.
Small Business Tax Mistakes: (0:00)
How Your Business Is Taxed: (2:25)
The Forms You Need To File: (4:42)
Tax Information You Need: (6:40)
How To Reduce Your Taxes: (8:40)
How To Avoid IRS Penalties: (11:20)
How To Get Tax Penalties Removed: (14:14)
Links:
Apply to Become a Tax Client: mycpacoach.com/contact/
My Bookkeeping Vendor: mycpacoach.com/bke-thank-you
QuickBooks Discount: bit.ly/qbmycpa

Пікірлер: 11

  • @tamikarobinson684
    @tamikarobinson6844 ай бұрын

    THANK YOU!! That first time penalty waiver just saved me big! Appreciate the gems... you officially have a lifetime subscriber!!

  • @mycpacoach

    @mycpacoach

    4 ай бұрын

    I knew it would help someone, lol. Glad it helped you. Thanks for watching.

  • @HazelBalajonda
    @HazelBalajonda4 ай бұрын

    how do you pay your taxes after filing for an extension if you’re an s-corp?

  • @mycpacoach

    @mycpacoach

    4 ай бұрын

    You can directly on the IRS’s website.

  • @mikarosales8144
    @mikarosales81444 ай бұрын

    Hi I work full time and I have small business how can i file this together

  • @mycpacoach

    @mycpacoach

    4 ай бұрын

    How is your business structured? (LLC, S Corp, Unincorporated, etc)

  • @Cricket.international44

    @Cricket.international44

    4 ай бұрын

    I confused about that, if i show that my tax will come 1 million in a year, but main think is can i invest this 1 million before pay this tax. Is this possible?

  • @MrDevanWright
    @MrDevanWright3 ай бұрын

    Something's wrong with your camera. The frame rate seems very low and it's somehow vibrating? What are you running?

  • @mycpacoach

    @mycpacoach

    3 ай бұрын

    Thx, I have fixed it going forward.

  • @donovonpavloff970

    @donovonpavloff970

    3 ай бұрын

    That was fast! Great video!!@@mycpacoach

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