This two-part workshop will teach you the ins and outs of small business taxes:
Part One is an overview of income taxes (including write offs, the Self Employment Tax, LLC vs sole proprietorship and much, much, more!).
Part Two is a pdf you can download with specific information for the 2022 season including how you can maximize the benefits of the Inflation Reduction Act!
A peek into what you will learn:
-Why do we pay income taxes? dispelling the myths
-Income Tax vs. Self Employment Tax
-EIN or TIN? Do I need a business license?
-LLC vs. Sole Proprietor
-Standard Deduction or Itemized Deduction?
-Write-offs
-Audits, and much, much more!
With this workshop, Eric really helped me get over my fear of taxes. My approach used to be just getting it done with the simplest and easiest ways as possible, but now I realize that I was giving away a lot of money that way. The money that I could have been spending on my family or invest back into my business. As I grow my business, there are a lot of considerations that I need to make in terms of my approach to taxes, and this workshop has provided a solid foundation to think strategically and make necessary changes. Thank you so much, Eric!!!
Tej Atma
Alternative Health Professional
This definitely gives a good overview of how to save on your tax contribution. If only I had it the first year I filed taxes as a sole proprietor! Quarterly estimated taxes - who knew?? Even aside from the taxes, I would recommend this for anyone even thinking of starting their own business because it breaks down some of the more ‘scary’ aspects, giving the student the confidence to get whatever project off the ground.
Michaela Ruane Gonzalez
Mick's Bootique Tours
