Episode 141: Getting Ready for Your Tax Return

On this episode of the podcast I answer the question, "how do I file taxes?"

Get ready to file your taxes with my FREE 5 Day Tax Challenge filled with actionable steps you can do in 30 minutes a day, recorded Q&As, and downloadable template. Here are the 5 steps you'll find in the 5 Day Tax Challenge.

1. Gather all your documents - bank statements, 1099 NECs (received from other people),1099 Ks (received from Paypal, Stripe or any other payment processor)

2. Learn and understand your deductions

3. Separate your expenses - go through all your bank statements and make sure everything is business-related. You should already have a business bank account. If you haven't separated your banking, tsk tsk, go through and highlight anything that's business-related.

4. Make sure you sent out any 1099s - You will pay a penalty sending them out after February 1st

5. Do your bookkeeping - If you do not already have a bookkeeping software set-up like Quickbooks or Wave. This will help you organize your income and expenses

Click here to register for the FREE 5 Day Tax Challenge

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This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.