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IRS Webinar: Small Business Owners  Get All the Tax Benefits You Deserve
 
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Please Subscribe for more videos. Please comment with any questions and like. Small Business Owners: Get All the Tax Benefits You Deserve - Webinar (June 18, 2013) Find out about allowable IRS tax credits, deductions and more that small business owners may be able to take advantage of. Webinar Description: Learn about business expenses and deductions What is a business depreciation deduction? Find out which business tax credits are available for your business Get the latest facts about the American Taxpayer Relief Act What are the qualifications for the Earned Income Tax Credit? Link: http://www.irsvideos.gov/GetAllTheTaxBenefitsYouDeserve/
Views: 44391 Joan Ferreira
Small Business Tax Guide: Interview with Kyle Durand
 
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This small business tax guide covers everything you need to know to prepare for tax time, tax the proper deductions, and save your business thousands of dollars each year.
Views: 21184 Location Rebel
Small Business Tax 101 - A Basic South African Guide
 
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A basic guide to small business tax considerations.
Views: 3791 Susan Lubita
Small Business Tax Advice and Tax Deductions
 
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The absolute most Important Tax Planning Strategy/Tool You NEED. This is a Cornerstone to Business planning and preparation. This will Change the way you OPERATE. Please watch and share with Anyone You care about. This Tax Advice is perfect for small business. Tax Relief and Tax deductions reviews. DirtMonkeyU.com and DirtMonkeyUniversity.com The Landscape Business Pro Podcast- The Voice of the Landscaping and Construction Industry. http://landscapebusinesspro.com Genadek Landscaping and Excavating genadek.com GT Lawn Maintenance GTLawns.com Linked In- Hit me up! https://www.linkedin.com/profile/preview?vpa=pub&locale=en_US Twitter: https://twitter.com/LBPpodcast Facebook: https://www.facebook.com/stanley.genadek Email: [email protected] Dirt Monkey: https://dirtmonkey.net Links to Episodes of Landscape Business pro: Greg Chism Geek to Freak Fitness and Lawn Care https://www.youtube.com/user/geektofreakfitness http://landscapebusinesspro.com/geek-to-freak-greg-chism-monetizing-youtube-videos/ Jonathan Pototschnik The Lawn Care Millionaire http://lawncaremillionaire.com http://landscapebusinesspro.com/jonathan-pototschnik-how-to-become-a-lawn-care-millionaire/ Brian Shain Top Notch Lawns https://www.youtube.com/user/TopNotchLawns http://landscapebusinesspro.com/brian-shain-of-top-notch-lawns/ Jordan Harbinger The Art of Charm https://itunes.apple.com/us/podcast/art-charm-confidence-relationship/id212382281?mt=2 http://theartofcharm.com http://theartofcharm.com/best/ http://landscapebusinesspro.com/jordan-harbinger-the-art-of-charm/ Keith Kalfas The Landscape Employee Trap https://www.youtube.com/user/TheEmployeeTrap LandscapingEmployeeTrap.com http://landscapebusinesspro.com/keith-kalfas-landscaping-employee-trap/ Mike Michalowicz http://www.mikemichalowicz.com Profit First, Pumpkin Plan, The Toilet Paper Entrepreneur http://landscapebusinesspro.com/mike-michalowicz-profit-first/ John Lee Dumas Entrepreneur on Fire http://www.eofire.com http://podcastersparadise.com http://landscapebusinesspro.com/john-lee-dumas-entrepreneur-on-fire/ More guests: Vanessa Van Edwards The Science of People, John Gray Men are From Mars Women are from Venus, Certified Contractors Network, Jennifer Kahnweiler: The Introverted Leader, Quiet Influences, The Genius of Opposites, Barry Moltz, YardBook, Aaron Walker
HOW To File INCOME TAX RETURN (ITR) For SMALL BUSINESSMAN | Income Tax E-Filing | ITR 4  LIVE DEMO
 
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HOW To File INCOME TAX RETURN (ITR) For SMALL BUSINESSMAN The old ITR-4S tax form has been renamed ITR-4. This VIDEO contains information on filing ITR-4 for FY 2016-17 (AY 2017-18) Who can file ITR 4 ? ITR 4 can be filed by all those who opt for presumptive income for instance a small businessman having turnover less than Rs 2crore may opt for the scheme u/s 44AD and declare the profits at 8% of gross receipts(6% in case of digital receipts) .To know more ,click here A doctor can opt for presumptive income scheme u/s 44ADA if his gross receipts do not exceed Rs 50 lakhs and can declare 50% of gross receipts as his income.To know more ,click here An engineer can also opt for this scheme. Film Artists Persons engaged in the accountancy profession,Interior decoration,Technical consultancy can also for this scheme.To know more ,click here Freelancers engaged in the above profession can also opt for this scheme if their gross receipts do not exceed Rs 50 lakhs. When you are running a small business, you may not have enough resources to maintain proper accounting information and calculate your profit or loss. This makes it difficult to keep track of your income from such a business and find out how much tax you need to pay. With this in mind the Income Tax Department has laid out some simple provisions where your income is assumed based on the gross receipts of your business. This method is called the presumptive method, where tax is paid on an estimated basis. From FY 2016-17 onwards, if gross receipts are received through digital mode of payments ,then Net Income is estimated at 6% of such gross receipts and for cash receipts ,rate is same at 8% of such cash receipts. You don’t have to maintain books of accounts of this business. Eligibility Criteria for this Scheme To be eligible for this scheme: Your gross receipts or turnover of the business for which you want to avail this scheme should be less than Rs 2 crore. You must be a Resident in India. This scheme is allowed to an individual, a HUF or a partnership firm. It is not available to a Company. The taxpayer can voluntarily declare a higher income and pay tax on it. In case the taxpayer chooses to declare lower income than 8% of gross receipts – he shall have to maintain books of accounts and get them audited. Income Tax Return (ITR) | Income Tax Return for Business | Income Tax E-File | ITR for Business Income How to file ITR 1 for employees : https://www.youtube.com/watch?v=mUtVe2Topmw Deductions under Income Tax : https://www.youtube.com/watch?v=R5bSuZJnWk0 Meet us on facebook : https://facebook.com/charteredwisdom Follow on Instagram : https://www.instagram.com/charteredwisdom/ Email : [email protected]
Views: 137212 Chartered Wisdom
Tax basics for small business - overview
 
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Are you new to small business? Our 'Tax basics for small business' videos are here to help! This series will explain more about how to better manage your tax, super and reporting requirements, including step-by-step instructions and link to resources. This short video helps to explain the differences between 'hobby' and 'business', and how tax applies to different business types. Find more smallbiz tax tips at https://ato.gov.au/taxbasicsvideos.
Tax Guide for Small Businesses (in the Philippines)
 
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Tax Guide for Small Businesses is a product of the concerted effort of the Philippine Tax Whiz--Mr. Mon Abrea's Center for Strategic Reforms of the Philippines and BIR and DTI. This is a free book and can be easily downloaded here http://acg.ph/wp-content/uploads/2017/04/Tax-Guide-for-Small-Businesses-2.pdf
Views: 1674 MsLoverarian
How to Pay Taxes on Your Small Business
 
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Watch more How to Do Your Taxes videos: http://www.howcast.com/videos/422992-How-to-Pay-Taxes-on-Your-Small-Business Step 1: Make estimated tax payments Make quarterly estimated tax payments to the IRS if your total tax bill in a given year will exceed $500. Estimated tax payments are due 4 times a year on April 15, June 15, September 15, and January 15. Tip Pay self-employment tax if your annual net earnings will be $400 or more. Step 2: File a tax return File an annual income tax return. The form you use will depend on how your business is organized -- whether it is a sole proprietorship, partnership, corporation, or limited liability corporation. Tip Keep tax-related documents for a minimum of 7 years. Step 3: Pay excise tax Pay excise tax if your business engages in qualified activities. For example, excise taxes are levied on certain trucks and buses used on public highways. Step 4: Withhold employment taxes Withhold employment taxes from the salaries of your employees. Employment taxes include withholding, employer matching, and unemployment taxes. Depending on the size of your payroll, employment taxes are due weekly, monthly, or quarterly. Step 5: Pay sales tax Register with your state's tax department and pay sales tax if your business makes a taxable product. Sales taxes are due quarterly or monthly, depending on the rules in your state. Most services are exempt from paying sales taxes. Step 6: Pay additional state and local taxes Pay additional state and local taxes that are applicable to your business. Consult your local government offices or a tax attorney to determine whether you are responsible for additional taxes. Did You Know? In 2008, tax revenues in the United States represented 26.9 percent of the total gross domestic product.
Views: 82274 Howcast
Small Business Tax Tips For Saving Money In Taxes
 
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Get Your Free Life Mastery Toolkit: http://www.projectlifemastery.com/subscribe Want to save money in taxes? Here are some small business tax tips that will help you maximize your tax returns in your business. Visit the blog post below for more. ★☆★ VIEW THE BLOG POST: ★☆★ http://projectlifemastery.com/small-business-tax-tips-for-saving-money-in-taxes ★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★ http://www.youtube.com/subscription_center?add_user=projectlifemastery ★☆★ FOLLOW ME BELOW: ★☆★ Blog: http://www.projectlifemastery.com Facebook: http://www.projectlifemastery.com/facebook Twitter: http://www.projectlifemastery.com/twitter Instagram: http://www.instagram.com/stefanpylarinos Podcast: http://www.projectlifemastery.com/itunes ★☆★ MY BOOKS & PRODUCTS: ★☆★ Kindle Money Mastery: http://www.kmoneymastery.com 24 Hour Book: http://www.24hourbook.com Life Mastery Book: http://projectlifemastery.com/lifemasterybook Kindle Marketing Secrets: http://projectlifemastery.com/kindlemarketingsecrets ★☆★ RECOMMENDED RESOURCES: ★☆★ http://www.projectlifemastery.com/resources
Views: 12265 Project Life Mastery
Small Business Taxes - Etsy Shop - E-Commerce - Sole Proprietor
 
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It's Tax Day, April 15th (at least when I recorded this), so why not talk about taxes and bookkeeping. Everyone's favorite topics, right? Ha! I'm cracking myself up. Hopefully everyone had a smooth tax season and this video can help you! Let me know your thoughts. Oh yeah! Subscribe too! I talk about advice I'd give any small business owner who is starting out and dealing with paying taxes as a sole proprietor for the first time. All of this is basic and off the cuff advice. I'm not a bookkeeper or tax expert by any means. Please hire an accountant for official tax help. Things I talk about in this video: Etsy Shop Owners E-Commerce Expenses Small Business Taxes Sole Proprietor Business Expenses Cost of Goods Sold Bookkeeping Software Outright Bookkeeping: http://outright.com/ Accountants Tax Mistakes Business Accounts Contract Labor Payroll Please comment/subscribe. Let me know what you think! Recorded: Friday April 15, 2015 MANE MESSAGE: http://www.manemessage.com TWITTER: http://www.twitter.com/manemessage INSTAGRAM: http://www.instagram.com/manemessage FACEBOOK: http://www.facebook.com/manemessage
Views: 23305 Olivia Hayward
Small Business Tax Tips – Tax Planning Strategies for Canadian Small Business
 
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Small Business Tax Tips – Tax Planning Strategies for Canadian Small Business (Video 2 of 3) SPRING 2016 PROMOTION - ONLY $39 USD ON UDEMY UNTIL April 30, 2016. Take the full Small Business Blueprint on Udemy for only $39. Just click on this coupon link: https://www.udemy.com/small-business-blueprint/?couponCode=youtube_39promo In this video training tutorial I cover some of the tax planning strategies available to small business owners in Canada. I go over the opportunities available to split income with spouses and family members. We also review a number of small business tax write-offs that can save any business owner money. Small business tax deductions are a great benefit available to Canadian entrepreneurs and small business owners. Additionally, we will look at wealth planning and retirement issues, something that is often overlooked by small business owners. Also explained are some tax planning opportunities in the realm of benefits such as Private Health Service Plans (PHSP), Group insurance and Health & Medical Trusts as they relate to Canadian small business. I also go over some of the strategies related to home office deductions, vehicle expenses and other lucrative small business tax write-offs. Being a self-employed small business owner in Canada definitely has its perks. This tutorial will make a lot of these benefits clear to you. For a full explanation on these benefits and how to set them up from scratch, enroll in the SBC Knowledge Systems Small Business Blueprint. This is the first of three free training videos leading to the launch of the Small Business Blueprint offered at SBC Knowledge Systems Inc. To watch the remaining tutorial in this training series, click on the following links: Video 1 – Critical decisions Canadian Small Business Owners Need To Make https://www.youtube.com/watch?v=WkkK4An2Dvg Video 3 – Secrets to Entrepreneurial & Small Business Success https://www.youtube.com/watch?v=A3rxLyM6puE Small Business Blueprint – Course Enrollment http://smallbusinessblueprint.kajabi.com/sp/29330-sbb-sales-page In the Small Business Blueprint we cover a number of vital topic areas related to starting a small business in Canada such as: - forms of business organization in Canada – Proprietorship, Partnership & Corporation - Advantages & disadvantages of each type - Partnership agreements and shareholder agreements - Starting a small business in Canada – Step by step checklist - Compensation strategies – how to pay yourself with salary or dividends - Tax savings strategies – Small business tax tips to help you save money - Small business tax write-offs and deductions – What you can and cannot deduct - Small business accounting – what you need to keep - Small business bookkeeping – how to setup up your bookkeeping system fast and easy Check out some additional Canadian small business resources here on YouTube - Some great small business tax loopholes from Allan Madan, CPA, CA https://www.youtube.com/watch?v=TQ3lzpKq0Is - Set up a New Business In Four Steps from the Canada Business Network - https://www.youtube.com/watch?v=Bv1MSHM-kzM - 5 Tips to Reduce Your Canadian Small Business Tax Bill (Webinar) - https://www.youtube.com/watch?v=cYYeIsNeHCM - Starting a Small Business in Canada by the Business Development Centre https://www.youtube.com/watch?v=z7Qq6p3PPs0 Check out our website at http://www.sbcknowledge.com for additional courses and other resources.
Views: 34395 Ian DiNovo
Taxes For the Self-Employed | How to file the PERFECT Income Tax Return
 
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UPDATE (please read): Some of my contact information has changed. The new information is as follows: Twitter Handle = @TheSETaxGuy New Facebook Page = /TheSelfEmployedTaxGuy New Email = [email protected] Instagram = @theselfemployedtaxguy Ok carry on... Being self employed is one the greatest feats a person can achieve. It gives one a true sense of freedom and control and is like a great sun shines day until the IRS comes along and brings rain clouds. Well... If you are looking for information on business taxes, freelance taxes, self-employed, a serial entrepreneur, a social media-preneur or or what to do with a freaking 1099-Misc or 1099-K... then you have landed on the right video. Enjoy and join the community. Find out exactly what you need to do in order to file that perfect tax return.
How much tax will I pay? UK tax advice for Business Owners
 
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http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. One of the questions we get asked most frequently from our clients -- "How much tax will I pay?" Well, as soon as your accounts are done we will know to the penny, but of course that may happen several months after your financial year end. And it's great to have an idea of how much tax you are likely to pay well in advance of that. So what I'm going to show you is a way to estimate your tax liability. It is only an estimate. We won't know for sure until your accounts are done but it will give you something as a guide as you look ahead through the course of the business year. The amount of tax you pay is dependent upon the type of business you operate. So in this video we are going to look at the two main types -- the sole trader and the limited company. If you are a sole trader you can earn roundabout £7,500 a year in profit, not sales, that's your sales and then take off your costs and your not going to pay any tax on that money. But as soon as you go above that level you are going to start paying tax at a rate of 20%, the same as somebody in employment. But you are also going to have Class 4 National Insurance. Now that kicks in at 9% making your total tax hit 29%. Now the Class 4 National Insurance is interesting because people think my National Insurance - I get a pension, I get hospital cover. Yes, you have already paid for that in a direct debit that goes out of your account every month. This is just tax. You do not get any extra benefit from having paid it. So in order to work out how much tax you have to pay we need to look at your profit month-on-month. You take your sales, subtract your costs, not your drawings, that's money you take out. Put them to one side for the moment. Once you have got that profit situation in place, £600 every month that's yours free, nothing to worry about. But after that £600 you need to put nearly a third away. That is one third for the government, two-thirds for you. Stick it in a cash ISA. It gets paid in January of each year, but be careful because you may also have what is known as a payment on account if your tax bill is high and that's going to kick in, in January and July . Now the Limited Company is completely different because you are not taxed. It is the company that is getting taxed. And the company does not have any tax free amount that it can earn year after year. Company pays tax as soon as it makes £1 of profit and it pays tax at a rate of 20%. That's 20% on all its profits way up to a quarter of a million pounds approximately. Now that's a 9% saving for most average earners. That's most significant. A company has to pay its tax 9 months after its financial year. So calculating it. You take your sales subtract the expenses the business incurs. That's your costs, salary perhaps, supplier invoices and that gets you your profit before tax comes off. Then put 25% away to be on the safe side. So it's a quarter for the Government and three quarters for you. That's what you can have as your dividend income. One of the pit falls of many businesses get into. They think there's my profit, I'm going to take a dividend and get a tax on the dividend. Now that's wrong. Tax gets paid on the profit and then it's your bit. The dividend - that comes afterwards. Remember what I've just told you. It's about estimating your tax bill. If you want to know exactly how much tax you are going to pay send us your accounts. In the next video I'm going to talk about How to get a dividend out of your company.
Views: 32489 oxfordaccountant
Part 1 - How to Prepare Business Taxes for Self Employed Individuals
 
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Are you a self employed individual who would like to complete their tax independently? This video will provide a general overview of completing form T2125, the Statement of Business Activities. 0:54 – Step 1 2:04 – Step 2 2:22 – Step 3 2:44 – Step 4 3:12 – Step 5 3:30 – Step 6 Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video. Music: Perspectives by Incompetech Animation: Created with GoAnimate
Views: 4550 Allan Madan
Business Startup Tips - LLC vs S Corp: Which is better to minimize tax?
 
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Business Startup Tips - LLC vs S Corp: Which is better to minimize tax? ONLINE COURSE - Complete Guide to Choosing the Right Business Structure http://bit.ly/2cm5EYI JOIN 1,000+ STUDENTS WHO HAVE CHOSE THE CORRECT BUSINESS STRUCTURE FOR THEIR BUSINESS & INCORPORATED THEIR BUSINESS ON THEIR OWN! Are you an entrepreneur, online business owner, or small business owner? Are you confused about how to start your business? Do you want to know the difference between a Sole Proprietorship, Limited Liability Company, or Corporation? This course is a comprehensive overview to help you understand the differences and advantages and disadvantages of the most common business types, including: Sole Proprietorship, Partnership, Limited Liability Company LLC, C-Corporation, and S-Corp. Most people are surprised to find out that you don't need a business lawyer to choose and form the correct business structure for your business. For less than the cost of one-hour of legal work, you’ll be in great position to start your business and save money on a business lawyer. All businesses are taxed on their net profit (or loss) which is computed by taking sales less allowable deductible expenses. An LLC's tax is paid on the owner's individual tax return based on percentage of ownership in the company. If you are a 50% owner of an LLC, with $120,000 of net profit, you pay tax on 50% of that net profit($60,000) on your personal tax return. An S Corporation pays a reasonable salary to the working owner of a business. Then any remaining profit or loss (after subtracting the salary to the owner as a deductible expense) flows through to the owner's personal tax return. Say you are a working 50% owner of a profitable business and you are paid $50,000 in salary. The corporation has $20,000 of net profit of which you are entitled to 50%; therefore, on your personal tax return you would pay tax on the salary of $50,000 plus $10,000 profit which equals $60,000 in total taxable business income. Something else to consider is that if you start with an LLC entity the tax law allows you to switch tax free to an S Corporation once you are an LLC. But, you can not do the reverse. Once you are an S Corporation, you can not switch to an LLC. There are always other tax, legal and financial considerations that should be taken into account when making such an important decision. The video also discusses the need for having a buy-sell agreement, employment contracts. https://www.youtube.com/channel/UCIypuA7lS-FsVG6cMlNCK2w?sub_confirmation=1 Check out some of our other videos Compensation claims - how long should it take https://youtu.be/NuxfrgSTg78 LLC vs S Corp https://youtu.be/4xNCnf9hitw
Views: 9328 The Business Channel
2018 Tax Update for The Self Employed | A Brief Digestible Summary of the New Tax Laws
 
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UPDATE (please read): Some of my contact information has changed. In you need to reach me... The new information is as follows: Twitter Handle = @TheSETaxGuy New Facebook Page = /TheSelfEmployedTaxGuy New Email = [email protected] Instagram = @theselfemployedtaxguy Ok carry on :) Did you know that as of January 1st 2018, there were some new tax laws that took effect that will change the outcome of your Self-employment taxes and business deductions? Well... if you did or if you didn't, in this short video I'm going to briefly explain what changes took effect and how its going to impact you and your self-employment taxes. Please understand, however, that there were a ton of changes and whats covered in this video only pertains to a small part of the personal and business changes. And because this law is so new... somethings are subject to be amended. I ask for your forgiveness in advance, as like everyone in the field of taxation, I'm still trying to wrap my mind around it all so if there were any parts that were not clear - I apologize. For more information on the Self-Employed Tax Academy click here: https://www.selfemployedtaxacademy.com
Filing Income Tax Return - For Businesses - Detailed Guide part #2 by CA Deepak Bholusaria
 
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This is the second video in the series of Income Tax Return - Detailed Guide for Assessment Year 2016-2017 and 2017-2018. Watch the part #1 video here... https://youtu.be/JL0s4sfrYo8 ************** This video is for businesses looking to understand and file income tax return. Watch this video if you're looking for... Income Tax Return for Businesses Income Tax Return Guide by Deepak Bholusaria Income Tax Depreciation Income tax Exemptions Business Income in Income TAX Post your GST Related questions here. http://www.consultease.com/ask-question/ For sponsorship and collaboration, please visit... http://www.consultease.com/contact-sp... For more important updates and resources, visit http://www.consultease.com/resources Connect with us on facebook, twitter & linked in, to stay up-to-date Facebook - https://www.facebook.com/consultease/ Twitter - https://twitter.com/consultease LinkedIn - https://www.linkedin.com/company/cons... DISCLAIMER ******** This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
Views: 10015 ConsultEase
Business Taxation part 1 of 4: Tax Updates for Entrepreneurs and Other Porfessionals
 
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UPOU,Faculty Manegement and Development Stuides,Simplified Acounting for Entrepreneurs
Views: 38779 UP Open University
New Tax Rules for Small Businesses in Canada (2018)
 
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Do you own an incorporated small business? This video will reveal the new changes made to small business taxation, which you should be aware of. 0:44 – 1. Increase in Dividend Tax 2:13 – 2. Family Trusts 4:04 – 3. Tax on Investment Income Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 34373 Allan Madan
The 8 Best Tax Write Offs for Small Businesses in Canada
 
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If you are a small business owner in Canada, you may want to recognize the various tax deductions that will help save you money. In this video, the 8 best tax write-offs tips will be discussed. 0:27 – 1. Home-Office Expenses 1:00 – 2. Vehicle Expenses 2:08 – 3. Accounting and Legal Fees 2:23 – 4. Office Rent 2:39 – 5. Advertising 3:40 – 6. Meals and Entertainment 4:16 – 7. Insurance 4:36 – 8. Capital Assets Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video. Music: Perspectives by Incompetech Animation: Created with GoAnimate
Views: 29597 Allan Madan
Small Business Taxes in Plain English - Tax Deductions Made Easy
 
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http://taxreceipts.com/tax-guide/ Thousands of pages of tax code and case law condensed down to an easy to use format. Compiled by Kyle Durand (a Tax Attorney) and Nick Reese (a small business owner). ---Legal--- IRS Circular 230 Disclaimer: To ensure compliance with requirements imposed by the IRS, any tax information provided on or by TaxReceipts.com is not intended as legal or tax advice or written to be used, and cannot be used by the recipient or any other taxpayer, for the purpose of (i) avoiding tax penalties under the Internal Revenue Code or (ii) in promoting, marketing or recommending to another party any transaction or matter addressed on this site or in any materials provided by TaxReceipts.com or its partners.
Views: 21286 NickReeseVideo
The Texas Franchise/Margin Tax - A Small Business Guide - Part 1
 
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Covers the basics of calculating and planning for the Texas Franchise/Margin Tax. MGMT 461 Project.
Views: 4885 PracticalKnowledge11
Tax Write-Offs for the Self-Employed & Business Owner
 
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This video is focused on breaking down all the write offs and deductions that the self-employed person and business owners can and should take advantage of when filing their taxes.
Views: 91306 FreeTaxTips
Small Business Tax Tips to Maximize Your Tax Return
 
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Small Business Tax Tips to Maximize Your Tax Return: http://andrewshin.net As millions of small business owners get ready to file their taxes, they will be searching for exemptions that might be possible for their business. Luckily, there are many exemptions and credits that owners can take advantage of. By writing off certain expenses, a business owner can significantly reduce their tax burden and put the extra money towards growing their enterprise. First off, you must understand the difference between a credit and a write off. A credit is a dollar for dollar deduction from your taxable income. An exemption will qualify for only a percentage. Following is some useful small business tax tips that you can apply to help you maximize your tax refund. Auto repairs and mileage (1:20) -- Anyone in business has expenses relating to using a car. Unless your job is done from 100% cyberspace, you have to leave the house to meet with clients, network and pick up supplies. If your job is significantly sales oriented, this mileage can really add up. You can use a standard rate of 55.5 cents per business driven mile. That is not all though. If you use a newer vehicle, you can write off the additional depreciation related to your business expenses. Of course, if you use the car for both business and pleasure, you are only allowed to write off business miles. New business exemption (2:28) -- If you are a starting up a small business you are allowed to deduct up to $5000 for the first year that you are in business. This deduction is for things like supplies, utilities and repairs. This is for start ups only and only applies to the first year of your new business. You can either take the $5000 in a lump deduction, or you must deduct it in equal amounts over a period of 5 years. Bad Debts (3:39) -- If a customer stiffs you over a certain amount, you can claim it as bad debt and write it off. This bad debt deduction is only for products and is not for services. Interest (3:53) -- Most businesses do not start up without a little bit of financing. If you have a loan or credit card that you use, the interest on loans are completely tax deductible. Keep all your receipts in the event you get audited, so you can prove the charges were business related. Advertising and Promotions (4:54) -- Of course, this means big things like commercials, but it also means small things like business cards and stationary. If the item is used to promote your business, then it is tax deductible. The expenses of networking, like attending conferences and taking clients out to lunch are also deductible. If you are doing it to grow your business, then it is a deductible expense. If you started a new business and are getting ready to file your small business tax, your best bet is to talk to a CPA. There are virtually thousands of credits and exemptions that can be claimed for a new business. A CPA will be familiar with those credits and exemptions, so they will be able to maximize your refund. In addition, they will be able to tell you if certain things aren't allowed, of if your claiming expenses that are too high, and they will help you avoid the headache of an audit. To Your Success, Andrew Shin Blog: http://andrewshin.net Facebook: http://www.facebook.com/AndrewShin.Inc Twitter: http://www.twitter.com/AndrewShin7 http://www.youtube.com/watch?v=yqn9WemsOBQ
Views: 24854 imtips101
How Do Small Business Tax Deductions Work
 
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To learn more about how you can apply for Small Business Health Insurance, visit: https://www.ehealthinsurance.com/small-business-health-insurance?allid=sma6506000 _ _ _ _ _ _ _ _ _ _ _ _ _ _ Follow eHealth at: Facebook: https://www.facebook.com/eHealth Twitter: https://twitter.com/eHealth
Views: 2079 eHealth
IRS Webinar: Avoiding the Top Tax Mistakes that Small Businesses Make
 
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Avoiding the Top Tax Mistakes that Small Businesses Make - Webinar (June 20, 2013) Poor recordkeeping and a failure to recognize all items that constitute gross receipts, otherwise known as taxable business income, are two of the major pitfalls businesses need to be aware of. Small business owners also need to avoid common tax schemes and unscrupulous tax preparers. Learn about all the top mistakes small business owners often make and how you can avoid them Webinar Description: Tips to avoid common mistakes with your business taxes Good recordkeeping strategies What is reportable income? How to carefully choose a tax preparer Helpful Tax Information Resources Link: http://www.irsvideos.gov/AvoidingTheTopTaxMistakes/
Views: 3434 Joan Ferreira
Tracy's Tuesday Tip: Income Tax and your ebay / Amazon business
 
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How does income tax play into an e-commerce business?? I try to explain the basics here. Also, the link to last night's RB3 show I was on... https://www.youtube.com/watch?v=RSntzvkHYgU The link to the GoDaddy tax guide article: https://garage.godaddy.com/smallbusiness/manage/get-free-small-business-tax-guide/
Views: 26378 EntrepreneurGirl
Business deductions: Tax basics for small business
 
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This video explains the expenses you can and can't claim as a deduction in your small business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
IRS Small Business Self-Employed Tax Center
 
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The IRS Small Business and Self-Employed Tax Center is your one-stop online resource for all small business and self-employed tax forms and helpful information. For even more information, go to https://www.irs.gov/smallbiz
Views: 38258 IRSvideos
How To Save Taxes For the Self Employed in Canada
 
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If you are self-employed and working in Canada, then this video is for you! This video will outline 8 strategies that any self-employed Canadian can use to help save taxes. Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharteredAccountant/ Instagram: https://www.instagram.com/madanaccounting/ Google+: https://plus.google.com/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 11760 Allan Madan
Understanding Tax Returns For Small Business Owners
 
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Visit the new NerdEnterprises.com Subscription Options: https://nerdenterprises.com/services/subscription-based-training/ One to One Training: https://nerdenterprises.com/services/one-to-one-training/ Get templates: https://nerdenterprises.com/resources-page/templates/
Views: 16332 Nerd Enterprises, Inc.
Taxes for Musicians and Artists: Complete Guide
 
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Hey people what’s up! It’s Claudio here and today I wanted to make a video about how to prepare your taxes as a musician or independent artist. I get a lot of questions on this topic, and it’s taken me years to understand how to approach tax season as a working musician and business owner. As someone that’s self-employed, you are technically a business owner. You are sole-proprietor which means you are a person who is the exclusive owner of a business, entitled to keep all profits after tax but liable for all losses. So it’s important to develop that business mind-set. I’ll go over deductions, business expenses, estimated tax payments, 1099s and a few other topics. Links: CPA specializing in musician taxes: http://musictax.com/ Expense worksheet: http://musictax.com/client-worksheets/ Pay IRS Taxes: https://www.irs.gov/payments/direct-pay Pay NY State Taxes: https://www.tax.ny.gov/pay/all/make_a_payment_section.htm NY State Tax table: https://www.tax.ny.gov/pdf/current_forms/it/it201i_nys_tax_table.pdf Submit 1099s: www.efilemyforms.com
Views: 8194 Claudio Marquez
2018 Tax Cuts & Jobs Act tax preparer update
 
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https://www.universalaccounting.net/windfall-tax-savings As we enter into the pre-tax season, one of the most important questions you are most likely asking yourself is this: “As a bookkeeper, accountant, or tax preparer, do I know enough about the 53 different changes in tax deductions that became law with the signing of the “2018 Tax Cuts & Jobs Act?” This Tax Act is 500 plus pages in length and has 53 changes to tax deductions that you need to know. Those 53 deductions include those that were either modified, watered-down, enhanced, or even eliminated. Yes, eliminated. A few large, very popular tax deductions are now simply GONE! AND one huge, brand-new tax deduction has been added to the Tax Code, and it affects – in a positive way – the vast majority of all small-business owners throughout America. I acknowledge that those were broad-brush statements, but to effectively serve your clients, you need details. That is why I, Roger Knecht - president of Universal Accounting Center, asked Dr. Ron Mueller to do this training regarding “The Impact of the 2018 Tax Act on America’s Small and Home-Based Business Owners,” and especially how the Tax Act will impact professionals like you, who Collect, Categorize and Report their business numbers. (Accountants, Bookkeepers, Tax Preparers) Dr. Mueller is probably best known as the author of his bestseller, “Windfall Tax-Savings Approved for Small-Business Owners," and more recently, the “EXECUTIVE SUMMARY of the 2018 Tax Cuts & Jobs Act.” Ron Mueller’s book is the ONLY ‘Plain English' guide to small-business tax deductions authorized by Congress, AND it has even been reviewed and approved for accuracy by the IRS. The book is now in its 18th edition, completely up to date with 2018 tax laws. Ron Mueller is not only a successful author, but also a sought-after speaker and one of the top authorities on small-business tax law. Today he is here to talk with us about the impact of the “2018 Tax Act” on America’s small and home-based business owners. Ron has been Following, Dissecting, Interpreting and Reporting on the 53 changes in the Tax Act, on literally a daily basis since the day it was passed into law. So here's your chance to get the overview and update you need - Enjoy. Go HERE to take advantage of the offer at the end: https://www.universalaccounting.net/mueller-optin
Tax Tips for Small Businesses - TurboTax Tax Tip Video
 
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https://turbotax.intuit.com Tax Tips for Small Businesses - Are you a small business owner? Although you may be aware of most of your deductible small business expenses, there are a few other things you should know about that can potentially reduce the income tax you pay on business earnings. Find out more about small business startup tax deductions, depreciation deductions, the 179 election and other small business expense deductions with this tax tip video guide from TurboTax. TurboTax Home: https://turbotax.intuit.com TurboTax Support: https://ttlc.intuit.com/ TurboTax Blog: http://blog.turbotax.intuit.com TurboTax Twitter: https://twitter.com/turbotax TurboTax Facebook: https://www.facebook.com/TurboTax TurboTax Pinterest: https://www.pinterest.com/turbotax/ TurboTax Tumblr: http://turbotax.tumblr.com/
Views: 9868 TurboTax
Tax Loopholes For Small Business Owners In Canada
 
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This guide to tax loopholes for small business owners in Canada can help you save a lot in taxes. So, if you're looking for Canadian tax loopholes, here's your best bet. Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant Add us on Google Plus - https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Table Of Contents 00:42 - Tax Deferral 01:25 - Charging Rent To Your Corporation 02:32 - Buying A Home Using Your Company's Money 03:22 - Make Major Purchases At The End Of The Year 03:52 - Keep The HST You Collected Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 19892 Allan Madan
How Do Small Businesses Pay Taxes?
 
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Learn More: https://informationstation.org/
Views: 39153 Information Station
1099 Independent Contractor Taxes  Save On "independent Contractor" Tax Form 1 099 Employee
 
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1099 Independent Contractor Taxes Save On "independent Contractor" Tax Form 1 099 Employee 👉 https://e8w74.app.goo.gl/3wfg 👈 Grow your Shopify.Store 👉 https://e8w74.app.goo.gl/shopify 👈 It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee.Apr 23, 2018 1Independent Contractor Self Employed or Employee | Internal ... Do you pay more taxes if you get a 1099? How much tax do you pay on 1099 income? How does 1099 work for taxes? How much money do you need to make to file taxes as an independent contractor? 10What Is Self-Employment Income Tax? How Do I File A Return? - Efile Jump to What Is Considered Independent Contractor Income? - Independent contractor income is compensation you receive for doing work or providing services as a self-employed individual, not as an employee. If you are self-employed and an independent contractor, your compensation is reported on Form 1099-MISC (along with rents, royalties, and other types of income). ‎Why Am I Considered Self ... · ‎Quick Look - Taxes As An ... 11Independent Contractor Self Employed or Employee | Internal ... Apr 23, 2018 - It is critical that business owners correctly determine whether the individuals providing services are employees or independent contractors. Generally, you must withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. ‎Independent Contractor · ‎Forms and Associated Taxes ... · ‎Statutory Employees 12Independent Contractor Defined | Internal Revenue Service - IRS.gov Apr 24, 2018 - If you are an independent contractor, you are self-employed. To find out what your tax obligations are, visit the Self-Employed Tax Center. 13Tax Guide for Independent Contractors - The Balance Small Business These payments are business income. You don't get a salary from your business. The money you receive for your work or your products goes into your. ... Taxes for social security and Medicare also must be paid; this combined tax is called self-employment tax for independent contractors. ‎Business Tax Deductions · ‎Self-employment tax · ‎Business Tax Preparation ... 14How much tax does an independent contractor pay? – Tax Guide ... To find out how much you must pay, gather information on your business expenses, then use the IRS worksheet for independent contractors or our Tax ... 15Tax Topics for Freelancers, Contractors, and Consultants - TurboTax ... As a freelancer, independent contractor, or consultant, you have a variety of tax issues to consider—including ways to trim your tax bill. An independent contractor is a natural person, business, or corporation that provides goods or services to another entity under terms specified in a contract or within a verbal agreement. Unlike an employee, an independent contractor does not work regularly for an employer but works as and when required, during which time he or she may be subject to law of agency. Independent contractors are usually paid on a freelance basis. Contractors often work through a limited company or franchise, which they themselves own, or may work through an umbrella company. In the United States, any company or organization engaged in a trade or business that pays more than $600 to an independent contractor in one year is required to report this to the Internal Revenue Service (IRS) as well as to the contractor, using Form 1099-MISC.[1][2] This form is merely a report of the money paid; independent contractors do not have income taxes withheld like regular employees. independent contractor - 1099 independent contractor taxes. california independent contractors future's uncertain after court ruling. Independent Contractor vs Employee Determination Procedures We provide simple-to-use Independent Contractor Agreements 6561 Home Based Independent Contractor jobs available on Indeed The 2017 Tax Act includes new Internal Revenue Code § 199A, which provides that individuals who are independent contractors can qualify for a 20 percent tax deduction on their independent contractor income without further requirements being met as long as they are engaged in a trade or business and make less than $315,000.00 in taxable income with their spouse if they are married filing jointly, or $157,500.00 of taxable income if filing a single return. https://www.forbes.com/sites/alangassman/2018/10/05/what-is-an-independent-contractor/#76d852b31692
Views: 477 HOUSTON MCMILLER
12 Great Tax Deductions for Australian Businesses
 
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Watch our 12 Great Tax Deductions in 12 Minutes for Australian businesses, that are overlooked and may be surprising.
VLOG: Small Business Taxes & Making Changes | Self Employed Day in the Life
 
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I get a bit personal in this one... I talk about preparing for an upcoming craft fair (more details below), getting my taxes taken care of, saving for retirement and some changes I'm making. Plus, I take you along for some errands and Oakland coffee shop people watching. MORE BELOW▼ ----------------------------------------­­­­­------------------------------------­-­- ▼▼▼ MENTIONED IN THIS VIDEO ▼▼▼ Come say hi to me at Renegade Craft Fair April 1+2 2017 at Fort Mason Center in San Francisco: http://www.renegadecraft.com/fairs/san-francisco-spring SkinnyTaste Cookbook: https://www.amazon.com/Skinnytaste-Cookbook-Light-Calories-Flavor-ebook/dp/B00JYWSXB8 WHAT I'M WEARING: Believe in Mountain Sweatshirt by elSage Designs: https://shop.elsagedesigns.com/collections/adult/products/charcoal-believe-in-mountains-ws-lightweight-hoodie Brass Bobby Pin: https://www.manemessage.com/collections/brass-bobby-pins/products/squiggly-bobby-pin?variant=18128505092 Laura Mercier Lipstick in Mod - Discontinued, but NARS Heatwave is really similar. ----------------------------------------­­­­­------------------------------------­-­- Please comment and subscribe. I have a bunch of Etsy/Small Business related videos on the way. ▼▼▼ SUBSCRIBE ▼▼▼ https://www.youtube.com/channel/UC8sHrp-M7ufOjqh5ORk3bHA?sub_confirmation=1 ----------------------------------------­­­­­------------------------------------­-­- ▼▼▼ MY BUSINESS - Mane Message ▼▼▼ MANE MESSAGE: http://www.manemessage.com ETSY SHOP: https://www.etsy.com/shop/ManeMessage ----------------------------------------­­­­­------------------------------------­-­- ▼▼▼ SOCIAL MEDIA ▼▼▼ TWITTER: http://www.twitter.com/manemessage FACEBOOK: http://www.facebook.com/manemessage INSTAGRAM: http://www.instagram.com/manemessage ----------------------------------------­­­­­------------------------------------­-­- ▼▼▼ SUBSCRIBE TO MANE MESSAGE'S NEWSLETTER ▼▼▼ EMAIL NEWSLETTER: http://eepurl.com/biNlZT ----------------------------------------­­­­­------------------------------------­-­- ▼▼▼ JOIN ETSY ▼▼▼ http://etsy.me/2bNbLrp ^ This is an affiliate link. I will earn free Etsy listings if you join using my link.
Views: 2402 Olivia Hayward
HOW TO FILE INCOME TAX RETURN ( ITR 4 ) A.Y. 2018-19 FOR SMALL BUSINESSMAN (IN HINDI)
 
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This video explains how a small businessman can file his own income tax return. This video shows how a businessman can file his own ITR 4 u/s 44 AD. After watching this video you will able to know : Thank you all for watching the video. You can download the balance sheet format with the following link: https://drive.google.com/file/d/1OXSCwTBywBPQRZWJUb9E1YNkBygIQUGD/view?usp=sharing How to file Income tax return ITR 4? How to file Income tax return for business ? How to Quick file ITR 4 Online in India? How to file ITR u/s 44 AD ? What is presumptive taxation ? How to file ITR for small business ? How to pay your income tax online ? How to e verify your ITR ? Assessment Year 2018-19 Financial Year 2017-18 How to file Income tax return for business person online? How to file Income tax return online in India for business for AY 2018-19. Can I file ITR 4 AY 2018-19 online? How to file ITR 4? How can I file my income tax return online for AY 2018-19? ITR 4 for FY 2018-19 is for Business ? Hello Friends I have explained the procedure to file income tax return online in India for AY 2018-19 (FY 2017-18) detail. Kindly follow the instructions and queries to be asked in comment box below. First goto www.incometaxindiaefiling.gov.in Then logon to your account Then Goto E File Then click on File Income Tax Return online Then select ITR 4 for AY 2018-19 ITR 4 is normally for small businessman having turnover less than Rs. 2.00 Cr. you can file return online by selecting appropriate form. After Selecting Income tax return ITR 4, now to file Itr 4 online for AY 2018-19, you need to select the appropriate assessment year and then preifill data , this return is for salaried people who earned the income in financial year 2017-18. So Just follow the instructions and keep going , at last Click on submit to submit your income tax return ITR1 for AY 2018-19 to income tax department. In this way you can easily e file your income tax return ITR 4 for AY 2018-19.
Views: 212273 Tax Guru Ji
The benefits of freelancing | Small business guide | Xero
 
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Ryan Baker from Upsourced Accounting walks you through the benefits of being an independent contractor, as well as tax and accounting considerations when self-employed: Benefits include freedom and flexibility to select and choose your projects, being able to select working hours and managing your own work day. Challenges include uncertainty with projects and the amount of work you’ll have. Additional accounting and administrative burdens also come into play. And as an independent contractor, there is no paid time off. If these all fit with your desire to start a small business, Ryan lists must-do steps: Incorporate your business to separate personal and business assets Write a business plan to detail what services you’ll offer, how much you’ll charge and how you’ll grow your business Obtain professional liability insurance To help, Ryan recommends a good quality accounting software and possibly hiring an accountant. And Ryan’s final tips: Budget for taxes, including 15.4% self-employment tax and additional income tax Make quarterly tax payments Open an IRA Learn more at http://www.xero.com/us/small-business-guides/business-management/independent-contracting-benefits/ Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero
Filing Taxes for the First Time as a Business Owner
 
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My experiences filing my taxes myself, what I learned and what you can expect!
Views: 9355 Kaye Chambers
GSTR3B filing (for Small Business) Off set Liabilities , Creating Challan full details in Telugu
 
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How to file GSTR3B for small business full process, off set liabilities, Creating Challan in Telugu Intro credits to : https://www.youtube.com/channel/UC-hfEnQHklDe_6vf6bY7V_A
Views: 20265 Online Guide Telugu
Business deductions - Home office expenses: Tax basics for small business
 
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In this video you will learn about what deductions you can claim if you operate your business from home or if you have a home office. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
HOW To START HOME BASED small BUSINESS 2018
 
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How to start home based business in 2018? Start small business from your home. 20 STEPS to Start HOME BASED BUSINESS - https://goo.gl/mAkuMK Do you want to start home based business then keep reading this video description. First of all, this video helped you and this video description will help you a lot for starting a home based businesses. Well, let's begin. In this modern age, their are millions of people are making huge amount of money from those home based business. Why! Because, they have skills, talent and the most important is, they implemented those skills and talent on consistent base until they paid. Running a potential and successful home based small business needs your hard afford. Let's take one example on it. Bob goes to data entry job at XYZ company and he is making $800 Per Month. Do you know bob works only 8 hours a day. Then, he is free for rest of 16 hours. Now bob started his home based business. He is working 12 hours + more on his home based small business. Bob is working more rather then his 8 hours previous job! Why? The reason behind it is, You must have to spend long hours when you just start your own home based small business. Do you know many people go on for hard work for first few weeks, or couple of months. But, when they doesn't found any type of growth in those home based small business then, they just thinking about changing his mind. Let me start with new idea and try to exprement it with my skills. They just skiping his previous ideas due to silly mistakes, lazyness or something that doesn't makes them happy. Well, if you won't able to work on consistent bases then, you're gonna fail forever in any business you start. So, Start a home based business is hard to do, But, if you are passionate about your work and business then, you'll do work for fun and you make good amount of money & success. Home based small business tips. 1. Get permit or license if your business required. 2. Your home or place must have insurance covered. 3. You must need to establish your legal structure and professional business practices. 4. Do you know about how to secure your home based small business? then, consider security. 5. Set up a business, business plan, marketing plan and financial plan. 6. You must need to commit to your success with yourself and your partners. What are the advantages of home based business? 1. Financial Savings. 2. Tax deductions. 3. Flexible schedule. 4. Convenience. 5. Passion for your work. 6. Greater sense of accomplishment. How to getting started with any home based small business? 1. Write a business plan. 2. Set up a business entity. 3. Understand home based business taxes. 4. Register your business name. 5. Get tax identification number. 6. Focus on taking insurance. If you've any questions for starting home based small business then, ask your questions on comment box. Thanks for watching how to start home based small business in 2017.
Small Business Canada – Critical decisions every Canadian Small Business Needs to Make
 
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Small Business Canada – Critical decisions every Canadian Small Business Needs to Make (Video 1 of 3) SPRING 2016 PROMOTION - ONLY $39 USD ON UDEMY UNTIL April 30, 2017. Take the full Small Business Blueprint on Udemy for only $39. Just click on this coupon link: https://www.udemy.com/small-business-blueprint/?couponCode=youtube_39promo In this video training tutorial I review the critical decisions a small business owner needs to take when starting a small business in Canada. We’ll review what can go wrong if things are not done properly from the start such as late HST filing, payroll deductions remittances and GST filing. Additionally, we will review the decisions related to setting up your business legally using one of the forms of organization – Canadian proprietorship, partnership and Canadian corporations. We’ll also go over the ways you pay yourself (salary and dividends). Finally we will look at bookkeeping and accounting issues that you need to be aware of as well as some operation factors you’ll need to consider. This is the first of three free training videos leading to the launch of the Small Business Blueprint offered at SBC Knowledge Systems Inc. To watch the remaining tutorial in this training series, click on the following links: Video 2 – Tax Planning Strategies for Canadian Small Business https://www.youtube.com/watch?v=uadaKGIg7-U Video 3 – Secrets to Entrepreneurial & Small Business Success https://www.youtube.com/watch?v=A3rxLyM6puE Small Business Blueprint – Course Enrollment http://smallbusinessblueprint.kajabi.com/sp/29330-sbb-sales-page In the Small Business Blueprint we cover a number of vital topic areas related to starting a small business in Canada such as: - forms of business organization in Canada – Proprietorship, Partnership & Corporation - Advantages & disadvantages of each type - Partnership agreements and shareholder agreements - Starting a small business in Canada – Step by step checklist - Compensation strategies – how to pay yourself with salary or dividends - Tax savings strategies – Small business tax tips to help you save money - Small business tax write-offs and deductions – What you can and cannot deduct - Small business accounting – what you need to keep - Small business bookkeeping – how to setup up your bookkeeping system fast and easy Check out some additional Canadian small business resources here on YouTube - Some great small business tax loopholes from Allan Madan, CPA, CA https://www.youtube.com/watch?v=TQ3lzpKq0Is - Set up a New Business In Four Steps from the Canada Business Network - https://www.youtube.com/watch?v=Bv1MSHM-kzM - 5 Tips to Reduce Your Canadian Small Business Tax Bill (Webinar) - https://www.youtube.com/watch?v=cYYeIsNeHCM - Starting a Small Business in Canada by the Business Development Centre https://www.youtube.com/watch?v=z7Qq6p3PPs0 - GST/HST Payroll Tax Accounts for your business by the Business Development Centre https://www.youtube.com/watch?v=Hg4DFJpatNY Check out our other courses and resources at http://www.sbcknowledge.com
Views: 51471 Ian DiNovo
How to  Prepare a T2 Corporate Income Tax Return - Detailed
 
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http://www.birdi.ca How to Prepare a T2 Corporate Income tax Return in Canada. In this video tutorial, I will show you step by step in detail on how to file your own T2 Corporate income tax return for your small business. Preparing a corporate tax return yourself will reduce your accounting fees. Birdi Chartered Professional Accountant www.birdi.ca Follow us on Twitter: https://twitter.com/birdicpa Add us to Google Plus: https://plus.google.com/+BirdiCharteredProfessionalAccountantBrampton Read our blogs at: http://www.birdi.ca/blog Ask a Question on our forum: http://www.birdi.ca/forum View our tax preparation services: http://www.birdi.ca/services Disclaimer: The information provided on this video is intended to provide general information. You should consult with a tax professional to full determine the scope of your situation, Gurrai Birdi and Birdi Chartered Professional Accountant shall not be held liable from usage of the information provided on this page.
Are you in business?: Tax basics for small business
 
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This video explores the differences between a hobby and a business, how to determine whether you are in business and what it means to be in business. For more information, visit http://www.ato.gov.au/TaxBasicsVideos
New Tax Laws For 2018 Real Estate and Small Business (TAXMAGEDDON-Webinar REPLAY)
 
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New Tax Laws For 2018 Real Estate and Small Business. What Every Business Owner Investor Needs to Know! New Tax Laws, tax cuts and jobs act for 2018 Real Estate Small Business 2018 Explained. Easy to understand watch & listen in as Toby Mathis delivers answeres to questions from live attendees regarding the 2018 tax updates and new tax laws. 📺 👉https://youtu.be/QNeAkTWdWNQ Passed towards the end of 2017 the tax cut and jobs act is going to have an impact on most all business owners and taxpayers for the 2018 tax year. Grab a pen or take notes online as one of Andersons founding partners and top tax attorney, Toby Mathis explaines the new tax laws and changes. Get informed now so you're not tax surprised with all the changes later. A few minutes of your time now can have a significant POSITIVE IMPACT and help you realize the deductions you are entitled to. Don't be caught off guard by the 2018 tax reform bill and changes! Many changes with deductibility Section 179, big equipment deductions, Section 199, standard deduction and itemized deductions, Schedule A 1040, medical deductions, acquisition indebtedness, mortgage interest, Schedule E for the 2018 new tax laws have taken place. This and much more is answered during this provocative webinar. As a business owner you want to be sure to know precisely all the tax write offs you can take especially when it comes to the new rule for meals and entertainment. Audience questions were answered during this 1:30:00 minute webinar. This tax update webinar for 2018 is current with our tax laws. You're getting the best tax information from one of the nations biggest tax and asset protection attorneys, Toby Mathis of Anderson Business Advisors. Toby explains a great many of the new tax laws in affect for small, medium and large businesses in 2018. This is just some of what's covered in this webinar: * Flat tax rate imposed on C corps - What does this mean to companies? How will it impact both the individual, the small business owner, and the investor? * Are you an individual using Schedule A? - BIG CHANGES... the tide has changed but we'll guide you to safety. * Changes in charitable deductions for 2018, an increase in Standard deductions. 📺WATCH FULL WEBINAR REPLAY! 👉 https://youtu.be/QNeAkTWdWNQ * 🚀Ready To Take Your Business To The Next Level While Protecting Your Assets From Frivolous Lawsuits? ~*~ 💰Get Your FREE 30 min Consultation & Wealth Planning Blueprint NOW! https://AndersonAdvisors.com/register-now-a Check out https://AndersonAdvisors.com for financial strategies and details on upcoming workshops. ** SUBSCRIBE** Anderson Business Advisors Youtube Channel https://www.youtube.com/c/AndersonBusinessAdvisors 800.706.4741 [email protected] https://AndersonAdvisors.com Twitter: @TaxWiseToby Blog: https://TobyMathis.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.