1 hr 9 min
025. STOP PRETENDING U KNOW HOW TO DO UR OWN TAXES (feat. Our Accountant) [VIDEO] Work Wives Unscripted
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- Entrepreneurship
You guys, we're shaking our heads at ourselves that it's been nearly a month since an episode dropped, maybe that's why we named the last one "God Help Us in 2024" because to put it bluntly, we've been busting our a$$es. But you know we always come through because we're here to offer you some hot tips from our favorite and very own beloved accountant, Ed.
He swooped down and saved us like baby birds, tucked us under his wing, and now we soar into tax season making them as enjoyable of an experience as they can be! In other words, he's incredible.
Join us this week as he answers all of the tax season questions that we all need to know but are too afraid to ask, including things like:
When is it a good time to consider hiring an accountant?
How can people best prepare before hiring an accountant?
Covering all things considered legit business write-offs
Explaining the difference between an LLC and an S-Corp
Small business owner icks that Accountants hate
Quarterly taxes, are they required?
What triggers an IRS Audit?
How can we lower our tax liability?
And SO much more. Go make that money and feel blessed to pay taxes, because it means your business is profitable!!
EPISODE DISCLAIMER: Correction regarding the discussion about FAMLI. The cutoff before an employer has to match the .45% is 10 employees (the episode mentioned 5) SECURE is what is a 5-employee cutoff. For FAMLI, business owners have to take .45% out of each employee’s paycheck (as the employee’s contribution) and only have to add .45% as the employer contribution when they have 10 or more employees.
You guys, we're shaking our heads at ourselves that it's been nearly a month since an episode dropped, maybe that's why we named the last one "God Help Us in 2024" because to put it bluntly, we've been busting our a$$es. But you know we always come through because we're here to offer you some hot tips from our favorite and very own beloved accountant, Ed.
He swooped down and saved us like baby birds, tucked us under his wing, and now we soar into tax season making them as enjoyable of an experience as they can be! In other words, he's incredible.
Join us this week as he answers all of the tax season questions that we all need to know but are too afraid to ask, including things like:
When is it a good time to consider hiring an accountant?
How can people best prepare before hiring an accountant?
Covering all things considered legit business write-offs
Explaining the difference between an LLC and an S-Corp
Small business owner icks that Accountants hate
Quarterly taxes, are they required?
What triggers an IRS Audit?
How can we lower our tax liability?
And SO much more. Go make that money and feel blessed to pay taxes, because it means your business is profitable!!
EPISODE DISCLAIMER: Correction regarding the discussion about FAMLI. The cutoff before an employer has to match the .45% is 10 employees (the episode mentioned 5) SECURE is what is a 5-employee cutoff. For FAMLI, business owners have to take .45% out of each employee’s paycheck (as the employee’s contribution) and only have to add .45% as the employer contribution when they have 10 or more employees.
1 hr 9 min