Small Business Taxes for Beginners and New Entrepreneurs скачать в хорошем качестве

Small Business Taxes for Beginners and New Entrepreneurs

Episode #528 Starting your first or next business? This episode is for you. Today, we’re bringing you everything you need to know about small business taxes for beginners. Whether you’re a solo entrepreneur, partner, landlord, house flipper, Airbnb host, or something in between, you MUST know about these tax laws before you start making money with your own business because if you get them wrong, you could be paying a MASSIVE penalty come tax time. You could save yourself thousands, or TENS of thousands, just by tuning in! Brandon Hall, CPA, runs a real-estate-focused tax and accounting firm for big and small real estate investors. But, even if you’re not investing in real estate, these tax tips also apply to YOU. In today’s episode, we threw dozens of hard-hitting tax questions at Brandon so you know what to do with your next side hustle or full-blown business. We’ll discuss whether you need an LLC, the real benefits of getting one, and which business entity (LLC, S-corp, C-corp, etc.) makes the most sense for your specific business and tax needs. Making money on your own but NOT paying quarterly taxes? This could cost you BIG, but thankfully, Brandon goes through exactly how much you could owe. And if you want to owe less to the IRS, we’ll give examples of tax deductions plus, which are NOT worth it and could put you at a BIG audit risk. Need a tax professional for your small business? Find one for free with BiggerPockets Tax and Financial Services Finder: https://www.biggerpockets.com/busines... Show Notes at: https://link.chtbl.com/Money ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... ~~~~ Join the BiggerPockets Money Facebook Group:   / bpmoney   ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ How to Obtain Real Estate Professional Tax Status: https://www.biggerpockets.com/blog/re... ~~~~ Hear Past Episodes with Brandon: BiggerPockets Real Estate 196 - LLCs, House Hacking, and Saving on Taxes with Brandon Hall: https://www.biggerpockets.com/blog/bp... BiggerPockets Real Estate 269 - How the New Tax Code Affects Your Real Estate Investments: https://www.biggerpockets.com/blog/bi... BiggerPockets Real Estate 934 - How to Pay Less Taxes by Buying Real Estate (1 Write-Off You’re Overlooking): https://www.biggerpockets.com/blog/re... On the Market 96 - The Biggest Real Estate Tax Loophole You’ve (Probably) Never Heard Of: https://www.biggerpockets.com/blog/on... On the Market 165 - Year-End Tax Updates, New IRS Interest Rates, and URGENT News for LLCs: https://www.biggerpockets.com/blog/on... On the Market 187 - 100% Bonus Depreciation Coming Back? (Do NOT File…Yet): https://www.biggerpockets.com/blog/on... ~~~~ Connect with Brandon on BiggerPockets: https://www.biggerpockets.com/users/b... ~~~~ Want to Be a Guest on the BiggerPockets Money Show? Apply Here: Guests: https://www.biggerpockets.com/guest?u... Finance Friday: https://www.biggerpockets.com/finance... ~~~~ Connect with Scott and Mindy on BiggerPockets: Scott: https://www.biggerpockets.com/users/s... Mindy: https://www.biggerpockets.com/users/m... 00:00 Intro 01:42 Do You Need an LLC? 02:01 Different Business Entities 09:29 3 Steps to Set Up an LLC 16:49 KEY Dates to Know 19:14 Estimated Taxes 25:48 The “SALT” Taxes 31:56 Tax Deductions and Audit Red Flags 44:22 Claiming Passive Losses