Ever wondered how to navigate the tricky waters of taxes as an online business owner? You're not alone! Tax planning can seem daunting, but with the right guidance, it's totally manageable. As an online entrepreneur myself, I've been through the ups and downs of figuring out taxes, and I'm here to share some insights that can make your tax journey smoother. In this episode, we're diving into the world of tax planning for online businesses. You'll get valuable tips from my own experience and expert advice from Keila Hill-Trawick, a CPA from Little Fish Accounting. Let's explore some key areas you need to know about.
In this episode, you’ll hear…
- The essentials of estimated quarterly tax payments for online businesses
- Understanding and maximizing deductible business expenses
- Best practices for paying yourself as an online business owner
- Navigating the nuances of S-corp taxation
Click here to find the full show notes and transcript for this episode.
RESOURCES:
- Learn more at littlefishaccounting.com
- Outsource Guide from Keila
- How to Find an Accountant for Your Online Business: My Top 5 Qualities to Look For
- Episode 58. Paying Yourself 101 [Everything Business Owners Need to Know]
- Follow Little Fish Accounting on Instagram: @littlefishaccounting
- Tax Prep Suite from Little Fish: littlefishaccounting.com/tax-prep-suite
- Free Resource: Yearly Planning & Reflections Guide
- Get notifiied when each episode of On Your Terms® comes out
CONNECT:
- Get Sam's weekly newsletter, Sam's Sidebar
- Follow Sam on Instagram
- Follow Sam on YouTube
- Subscribe to Sam's Substack, Beyond Business
- Take Sam's free legal workshop "5 Steps to Legally Protect & Grow Your Online Business"
DISCLAIMER
Mentioned in this episode:
Legal Workshop
Do you feel lost thinking about how to legally protect your online business? Head to mylegalworkshop.com to sign-up for immediate access to my free 1-hour legal workshop, 5 Steps to Legally Protect & Grow your Online Business.
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