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.
Gather all your documents - bank statements, 1099 NECs (received from other people),1099 Ks (received from Paypal, Stripe or any other payment processor)
Learn and understand your deductions
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.
Make sure you sent out any 1099s - You will pay a penalty sending them out after February 1st
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
Join the Braden's Bestie's Facebook group for a chance to have your question answered on the podcast.
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.
Have a follow up questions or want to meet some fellow kickass biz owners who also are trying to get their shit legit? Come be a bestie and join us in the Facebook Group.
You'll learn: what the three mistakes are; how to fix them; and also how to work with me to get your legal & tax shit legit.