In this episode, entrepreneur Justin Leonard explains small business taxes for those who don't come from wealth. The following is covered in this episode: an understanding of the US tax code, tax write-offs explained, understanding tax classes, how to track business expenses, how successful businesses "plan" their tax outcomes, and what to do if you have been avoiding taxes.

#taxes #entrepreneurship #accounting 

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90-Day Online Launch Guide (Free Resource)

https://www.leonardinnovation.com/launch 

EPISODE SHORTCUTS 

 02:41 U.S. Tax Code Is Complicated

 04:33 Understanding Tax Write-Offs

 05:27 Which Tax Class Should You Choose?

06:25 How Does An S-Corp Work?

07:53 Not All CPAs Are Created Equally

09:04 Who Tracks Business Expenses?

10:07 How Successful Businesses Use Tax Planning

11:50 How to Handle Unpaid Business Taxes