018: Small Business Taxes 101: What Every Entrepreneur Needs To Know, with Ron Houp

If you've ever been confused about how to pay taxes as a small business owner, you're not alone. Taxes are an essential, boring, and often burdensome component of running your own small business. Unfortunately, there is no way to avoid it - unless you plan to break the law, which I don't recommend. If your small business or creative project is making money, you need to be doing proper accounting and taxes. In this episode, we sit down with my tax accountant Ron Houp. Ron has been in accounting and tax services for over 30 years. In this episode, you'll learn: How to pay taxes as a small business owner (what taxes to pay, how much to pay, when to pay taxes, and where to tax payments to). What business entity you should choose for your small business startup (C-Corp, S-Corp, LLC, Sole-Proprietor, etc.). How your business structure - and the way you pay yourself as a business owner - affects the taxes you pay. The importance of paying estimated taxes (and when to pay them). Shownotes: romanrandall.com/18 Connect with Roman on Twitter: @TheRomanRandall Have a question you want answered on the show? Submit your question at romanrandall.com/contact