Are you a self-employed entrepreneur? Do you get a 1099, own a Single Member LLC, and file a Schedule C tax return? This video post covers the critical self-employed tax basics to keep you in good graces of the IRS.
Offers for Entrepreneurs
🔥Sell a Business: [ Ссылка ]
💳AMEX Platinum Business [ Ссылка ]
💵 Get Payroll with Gusto ($300 Bonus!): [ Ссылка ]
My Social Media Channels
😊Instagram: [ Ссылка ]
🔥TikTok: [ Ссылка ]
You will have to file a “Schedule C” with your individual tax return. What is a Schedule C?
WAIT! Here’s How Taxes Work
* You only pay tax on your business’s net income
* You pay TWO types of taxes as a self-employed
* Income Tax (on your profits)
* Self-Employment Taxes (15.3% of ALL profits)
* You do NOT pay additional taxes on distributions
* You SHOULD pay estimated taxes (each quarter)
* You file ONE tax return per YEAR (Schedule C, on your 1040)
Ещё видео!