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Small Business Tax Filings - Everything You Need to Know to Avoid IRS Penalties!

Frames Small Business Tax Filings - Everything You Need to Know to Avoid IRS Penalties!

Description Small Business Tax Filings - Everything You Need to Know to Avoid IRS Penalties!

Comments Small Business Tax Filings - Everything You Need to Know to Avoid IRS Penalties!

You give me hope for our future, thanks young lady! Comment from : Marvin Franklin

What an amazing video Really great clarity and detail on the different types of business structures and taxes Thank you! I’ll definitely be rewatching this one Comment from : James Hubert

The constant ringing is annoying Comment from : Joseph McC234DY

can you start a llcc in ga if your military and home of residence is florida? Comment from : Joe Newhouse

1:24 is where the video starts Sorry, not trying to be mean but want to save some time 😊 Comment from : MQ Khilji

If I have a single member LLC taxed as a s- corp, do I file a schedule c on my personal tax return and a separate form 1120s for the business? Comment from : Peaches Laney

Plz get rid of the ringing phone in the background it is very distracting:( Comment from : drjaye1962

Extremally well done, thank you Comment from : Haku Kuze

What if you hire a contractor? (Under $600/year) what form do I need to provide them ( I’m a single owner LLC) Comment from : Giselle Herlan

Taxes make me want to blow my head off Comment from : Wang Chung

can you stop the phone ringing sound? so annoying Comment from : gramsta

I started my business 4 months ago When do I file my taxes? Comment from : Ernesto Alfaro

How can we hire your team? There is no phone number Comment from : Cb

I have nothing against her- this is my first time listening to her The phone in the background was annoying and distracting to me made it harder to enjoy the content Just a suggestion for improvement Comment from : Jordan Bs Personal channel

Am I able to include "doing business as" income for my registered LLC's income please? Otherwise my income would have to be filed as 0 Comment from : Hannah Miller

Video was great Comment from : The Man

I file my st-1 taxes quarterly It’s my first time going to file and I’m so scared Comment from : JessicaMonterrubio

What happens if no one is paid anything on a S corp, what happens if every dollar goes back into the small business ? Comment from : Brandon Dole

Can you explain or make a video on how to remove business tax penalties for not filing (1040/CIV PEN/1040 SEPARATE ASSESSMENT 6672/CIV PEN) Comment from : Mr Magnificent

HellobrI have a single member LLC I've allocated 15 of my payments/ income for taxes My question is, should my payments to the IRS be 15 or more? Great info thank you Comment from : HEADBANGRR

Very helpful Also just letting you know if someone has not already, that you have some sort sound that keeps repeating itself in the background of your audio; it's almost like a phone ringing Peace and thanks for the great info Comment from : Jonah Melvon

Thank you for sharing Good information Comment from : Business Operations, Management & Human Resources

love her Well spoken, articulate and great energy! Comment from : DLW

Bro taxes are fucking stupid… Like wtfff is all this shit… I agree people need to pay into the system whatever… But my point is couldn’t they make all this bullshit more simple? I might be dumb but none of the stuff explained in this video made sense and it’s definitely not the YouTubers fault this shit shouldn’t be this dam complex I see it in the comments so many people are already a couple years into their business and they’re asking about missed quarters… I don’t blame them for not knowing what to do… it’s sad to see so many lost people with their taxes… this shit should be straight to the point Comment from : lil g

That bubble noise is horrible Comment from : ProClean Pressure Washing

What to do if havent made the money for business?which way to go?thanks Comment from : yotie p

So Helpful I am glad I found your page It's a digestible Tax game changer for us Blessings Comment from : Tribal Travel Club

I have a bachelor's degree in account and am brushing up on some things This video was so enjoyable to watch I was never so happy to subscribe to a channel Comment from : K X

I have a single member llc, If I am understanding correctly irs to receive income tax return while states receive the sales and withholding taxes, am I right? And what is the difference between withheld and withholding taxes? Comment from : Sherry

I'm so confused I'm Llc in Arkansas ALL ME NO partner what did i do wrong? was i supposed to register my business with the irs? my California accountand was never helpful in keeping me informed brplease help i just want to make my art and sell it and live in our house this shisss is so overwhelming Comment from : Lauryn99911

I have some tax questions for my business how may I contact you directly Comment from : Dennis Spraggins

Awesome info, thank you! Comment from : Alex Landefeld

Hello thank you for this!brbrIs there such thing as quarterly estimated state taxes? Comment from : Elizabeth Aviles

I’m new to to wanting to start a business I just watched your video which was extremely helpful I do have a question so because I’m in the start up phase I have processed my ein with the irs and started my business account but should I have waited till I have constant income from my business to create my ein When taxes come around if I file & don’t make enough will I owe penalties Comment from : AccentricArtist

It seemed like you have great info but I couldn't concentrate because of all of the background noise (dialing/ringing sound and music) Comment from : Hawgs&Dogs-HardcoreHotdogs

Thank so much for making this! :) Comment from : Island Aura

How would I calculate the value of my Musical Inventory as a Rap Artist? Great video #subbed Comment from : TheOneJPtv

The ringing in the background is too distracting to be able to watch this video:( Comment from : Diane Rodriquez

You left out that a rental property business that is doing business as a sole-proprietor or single-member LLC does not pay self-employment taxes Additionally they use Schedule E for filing, not Schedule C Comment from : Jim Ross

How much money does a small business have to make before it has to start paying taxes 🤔? Thank you 😊 for any helpful advice Comment from : Edwin Sr

S-Corpration : 4:55 Comment from : Yolie Rivas

Because i need help Comment from : Teasleys Lawncare & services

Hello does your co services Maryland? Comment from : Teasleys Lawncare & services

That phoning ring got annoying fast I had to stop the vid Comment from : YOUKNOWIT BRO

Hello im asking about YouTube channel for choosing ,br individual account in youtube and business accounts By the way if i choose business accounts do i have to open bank account using my YouTube channel? Or its fine using my name?brbrAnd if i use individual account can i still add my expenses in there? brbrI hope you notice my comment And please make some video for differences of individual and business account and how is the difference of applying tax for that im so much appreciated Godbless you Im Filipino and currently living in Virginia brbrBecause im starting my youtube channel and still struggling about choosing individual and businesses And what is the most easiest way and more benefits for this Comment from : sy

I need help with my business taxes Comment from : Madamm Meek

HellobrHow do a I file a Pennsylvania Corporate tax report and information return for my LLC?brCherie Comment from : Cherie Hughes

Hello Id like to know your rates for your Cpa and book keeping service if you prefer direct contact please provide a email Comment from : CAG LLC

I'm doing my taxes and I have an LLC, I didn't make a profitWhat shall I do? Comment from : Melanie Kingsbury

Great explanation of taxes for an LLC So I can keep filling my personal and use schedule C for my business Comment from : susanjenkins2233

Amazing information! Comment from : Angie Cartaya

If you are 1099 contractor, you can fill that form…brI and my wife in that llc… Comment from : Yao Agnave

Have you dropped the video about how to pay the quarterly taxes , I have an LLC , is there another way I can reach you? Comment from : SDreamz

Am I required to file a return if my LLC had expenses but $0 income? Can me filing under these circumstances generate a return? Thanks Comment from : Mike Jr

Fantastic video! Thank you for putting this together!👏🏿👏🏿👏🏿👏🏿 Comment from : Oneil Williams

As a Sole proprietor I earned 95k last year, so I would have to pay 15 of that 95k? Comment from : DaBlackTradesMan

I came here because you are fine af Comment from : Tommie Green

And where is for LLC????? Comment from : Dmitry Neve

I’m from United States of America I feel like your doing a good job teaching but honestly I may just be thinking too hard Please help me Comment from : Perk Alert

That sound effect kills the entire video Comment from : Clark Andrew

Amazzzing!! SOO well done and Beautifully Presented and Imagery! Comment from : Greg Weeks

My first time filing for my business, i need help or how do I contact you? Comment from : Ifeoma akobundu

Hi, do I have to amend my prior individual taxes in order to file my my prior LLC Comment from : Shenita Rogers

What if I got my LLC but no EIN code do I need to file I have a small handmade business in PA? Comment from : Linda

Thank You for making this video! Question, where did you find the 15 number referenced at 3:00? >> (maybe pin this comment too) Comment from : Ben

sooo i only have my DBA and EIN no llc, i didnt file last year cuz i wasn't thinking about it so hopefully this will help me figure out what to do now Comment from : Kamari

Can I Add weekly expenses from rentalbox truck for losses Comment from : StoneStanzatv

Hello, brbrI am part owner of a company in California (the other owner resides in California still) and have just moved to Georgia permanently In order for our company to withhold hold the correct amount of state taxes for me, Quickbooks is asking for the following informationbrbrGA Account Number (Unemployment Insurance): brGA Account Number (Withholding):brGA SUI Rate:brGA AA Rate:brDeposit Schedule:brbrWhere can I find the above information and what are the necessary steps I need to take?brbrThank you so much, brbrAlejandro Comment from : Alejandro Guimoye

Can you deduct half of the self-employed tax? Comment from : 11BarriosJL

Yall are Awesome!!! Comment from : Vizio Musa

Right now I'm making myself a website for my online business that I want to start hopefully before next year Once everything is up and running, now what? Comment from : Brian Jett

Good lord that phone ringing in the background is annoying! Had to leave the video even though I liked the information Comment from : REAL-D TOWING Co

Hi, I live in Texas and I form my LLC in January 2021 as a home baking business, but have not make any money yet Do I have to file a tax return if I haven’t make any money? Do I have to apply for an EIN? Thanks! Comment from : Creative Touch - Art, Craft, Design and Baking

Hello! I am wondering what STATE forms need to be filed for S Corp You mentioned 1120 S that is for Federal For transportation (delivery, moving) company S corp Thank you in advance Comment from : G K

Thanks 😊 Comment from : Lechugaevencio

Thank you Comment from : Adriana Lechuga

Do u have to pay taxes ? If u make less than 12,000 a year? Some say they don’t pay taxes since they don’t make much Comment from : reya720

I started a LLC stump removal business with a 50/50 partner When we opened a small business account the bank asked if we were s Corp or c Corp we are s Corp we’ve been in business for about 7 months, we are just finding now we may be needing to file tax reports quarterly and don’t know which forms to use or what to do about the previous quarters Only one quarter was profitable Thanks for your help in advance Comment from : Will Vanderwal

I also missed what to do if shipping out of state Comment from : Sissy Leonard

Her beauty will seat Beyoncé down Comment from : Trust Green

The ringing is so distracting for some reason guys Great videos just edit that Part out please Comment from : Brittney Diaz

What should I do if I’ve been in business for 3 years with a single member LLC and haven’t filed taxes for none of those years Comment from : william brown

great job with this video - but my GOD what is that ringing - burrrr sound that is in the music track used? Why did you need to use music in the first place - it is annoying af! !!! Comment from : Arnold Tarbooz

So if I start a business and make 150k a year, how do I pay tax? Do i write a check, or have them take tax from my salary? Thanks Comment from : CodeAltF4logn

Does a single member LLC have to self pay and use form 941 as well as 940 IF they are not paying any payroll taxes to self pay? Comment from : Jessica R

1:20 Let's get started Comment from : Mine Tekno

OK my small business structure is C corp with S corp filing- started just paying myself as an employee 1 year in oct 2022 Gusto payroll is what I run- federal and SS taxes are taken out there Do they send the info to IRS automatically? form 941 or 940? I thought they did Also my husband is shareholder of c corp- but he is not employee (I do all work), so does he need to be an employee and a reasonable amount be paid since we are s corp tax status? Do you have an email or phone consult? Would love to chat via phone Thanks Comment from : Mayble T

The Best! God Bless You! Comment from : Eazy Dope

what about retail sales taxs can you explain Comment from : rone Ty

Blessed Comment from : Bathsheba Todd

Great Work!! Comment from : Raptors Crest

Great work! Thx for the info Comment from : David Gaffney

I started my YouTube monetization in October last year and got my first check in February I needed to see this video since I found out that I needed to pay taxes as a new Sole Proprietor for 2021 I was a bit stressed the last few months about how much I needed to pay and save up for taxes I subscribed too by the way 👍🙂 Comment from : DreamMachine

Really helpful Thanks so much, Krystal Comment from : Amazink Printing

I was looking for this video to explain the forms… Great job … LYFE Accounting When will you guys do a live? I have a few questions… Comment from : Darrell M

I'm doing good watching these videos before I start my business 🤑 Comment from : Mr Big Bag

Learned a lot from you Thanks Comment from : Janseen Almodovar

Do you file all of these taxes quarterly or just wait till you file your personal taxes to report them and pay at that time? Comment from : Sarahs Corner

Can you explain filing sales tax? Comment from : Sarahs Corner

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