I have two important items for you today. First, some advice and encouragement on doing your 2021 taxes, especially if this is your first year filing for your business, and second, a warning or heads up on changes to the tax law that will catch any of you who have been flying under the radar.

Links to websites referred to in this episode(unsponsored):
Tax Software: https://www.investopedia.com/best-tax-software-for-small-business-5072025

Getting Audited: https://www.supermoney.com/chances-irs-audit/#:~:text=What%20are%20the%20chances%20of%20being%20audited%20by%20IRS%20in,audits%200.3%25%20of%20tax%20returns.

1099K:  https://www.augustachronicle.com/story/news/2021/11/16/irs-1099-tax-limit-guidelines-for-online-bank-transfers/6372523001/

IRS Tax Filing Site: https://www.e-file.com/faq/index.php

Recommendation of the Week:
Craig Cody, CPA https://craigcodyandcompany.com/agency-podcast/

IRS-How To File Sch C https://www.irsvideos.gov/SmallBusinessTaxpayer/StartingaBusiness/

YouTube by CPA explaining 1099K: https://youtu.be/X6PniwHEj-c


Working At Woodworking Podcast hopes to encourage and educate amateur woodworkers who dream about making extra income with their hobby or turning it into a full-time career and to help current business owner succeed.

Business coaching is available for startups and established businesses at reasonable rates.  

For more information or to support WAW, visit the website at https://www.workingatwoodworking.com.

Questions and comments can be sent to [email protected]

HAVE A GREAT WOODWORKING DAY!

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