Mar 21 2024 25 mins
Do you have an LLC but are confused about how to file your taxes? This week's podcast episode is just for you.
April 15th is less than a month off, which means you need to get those LLC taxes done. Tax laws can be complicated and overwhelming., but whether you are doing your own or hiring a pro, it's important as a business owner to know the basics.
Quite simply, informed business owners make better decisions.
In this week's episode of Purposeful Profit I break down how to file your taxes if you are a single member LLC or if you are a multi-member LLC. I also explain the 2 components of the taxes on your LLC's earnings and explain what you can deduct and what you can't.
🎧 Tune into this week's episode and be ready to get those taxes done.
Learn:
- How single and multi-member LLC’s report their taxes
- What self employment taxes are and how they are calculated
- 3 tax deductions to not forget about
Mentioned in this episode:
Want more help on your taxes? Tax planning and literacy is part of what I do with my clients in my financial mentoring and coaching program. Book a call to continue the conversation.
Other resources:
- S Corp Tax Savings Calculator
- Get your Simple Financials Bookkeeping template
- Get Your 30 Days of Money Mindset Prompts
DISCLAIMER: The information in this podcast is for informational purposes only and does not constitute an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions or regulatory updates.