How Marketing Agencies Do Taxes скачать в хорошем качестве

How Marketing Agencies Do Taxes

Operate your SMMA on a budget! http://bit.ly/SMMA-Budgeting-Template No one likes taxes but they are essential if you’re running your own company. Learn how to set up your taxes for your agency and more with my new video! Familiarize Yourself with Section 199A Section 199A of the Internal Revenue Code provides many owners of sole proprietorships, partnerships, S corporations and some trusts and estates, a deduction of income from a qualified trade or business. 20% deduction agency owners can take on income. Hire a tax advisor Hire a CPA specializing in helping businesses to extract the maximum value from deductions throughout the year. This will not only help you save money, not assure that you’re submitting your taxes correctly and have nothing to worry about Using accounting software If you choose to tackle your small business taxes on your own, consider using an accounting app, like Quickbooks, to make the process much easier Definitely take the time to research all of the software available to you How to Pay Small Business Taxes as a Sole Proprietor A sole proprietorship is a business that’s owned and operated by one individual This makes filing taxes much simpler How to Pay Small Business Taxes as a Partnership Partnerships are businesses operated by two or more owners. If you operate a partnership, you’ll have to file an “annual information return” to show the income, deductions, gains, and losses from the business’s operations—but the business itself doesn’t pay any income tax. How to Pay Small Business Taxes as a Corporation Legally separates you as the owner There are two types of corporations—S corporations and C corporations—but both structures have just about the same tax burden. How to Pay Small Business Taxes as a Limited Liability Company A limited liability company, or LLC, is a business entity that keeps the owners legally separate from the company’s debts or liabilities. As the owner of an LLC, you’ll have the liability protection of a corporation with the tax benefits of a sole proprietorship or partnership. Here are some things you’ll need to gather when doing your taxes: Last year’s business tax return Payroll documents Bank and credit card statements Accounting documents Partnership agreements Depreciation schedules Gross receipts Checking and saving account interest Returns and allowances Sales records Unclassified income Employee wages Insurance premiums Professional fees Contractor payments Office rent (or portion of the rent or mortgage paid on your home) Transportation and travel expenses Advertising costs Office supplies and equipment Phones and other communication devices Video Document/Blog Article http://bit.ly/2RgSRM6 MORE FROM CEREAL ENTREPRENEUR Pause Your Instagram Notifications    • Pause All  Notifications on Instagram For ...   How To Create Instagram Video Ads    • How To Create Instagram Video Ads   Setting Up A Marketing Agency Legally    • How To Set Up A Marketing Agency Legally   CEREAL ENTREPRENEUR ACADEMY Site: https://cerealentrepreneur.academy Free Training: http://cerealentrepreneur.academy/fre... Digital Marketing School: https://cerealentrepreneur.academy/di... Marketing Agency Padawans (Mentorship Group): https://cerealentrepreneur.academy/th... Facebook Training Course: https://cerealentrepreneur.academy/fa... Personal Branding & Influencer Marketing: https://cerealentrepreneur.academy/pe... FREE TRAINING Building a 6 Figure Business Funnel| https://bit.ly/internetbizsuccess Digital Marketing Audit Template | https://bit.ly/freeTemplateDMAT FREE Facebook Ads Training Course | http://bit.ly/FREEFBAdsTraining Cold Email Templates | http://bit.ly/Best4ColdEmails Starting a SMMA Checklist | http://bit.ly/starting-smma-checklist SMMA Budgeting Template | http://bit.ly/SMMA-Budgeting-Template GET SOCIAL WITH CEREAL ENTREPRENEUR Facebook:   / cerealentrepreneur   Instagram:   / cereal_entrepreneur   YouTube Link:    / cerealentrepreneurjordansteen   Snapchat:   / cerealent   Tumblr:   / cereal-entrepreneur   Free Digital Marketing Help Group: http://bit.ly/DigitalMarketingFreeFac...