Taxes 101 from a CPA & Bookkeeper for Small Businesses: Megan Evans

Work For Honor with April Rose

English - May 24, 2021 11:00 - 47 minutes - 33 MB - ★★★★★ - 21 ratings
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Previous Episode: Morgan Rapp: Pulling back the curtain on 7-Figure Business & Defining Success

Next Episode: Organizing your Brain for Optimal Productivity: Sarah Steckler

How was this tax season for you? Stressful? Maybe confusing? What if I told you I had a FREE crash course in taxes right here in this epsiode... Megan Evans, a boss CPA and bookkeeper is here to give use the no BS, tell it how it is, on taxes for your business.

In this episode, we will cover

Understanding the difference between sole proprietor, LLC, S Corp. Which one should you be registered as and could you benefit from switching to a SCorp based on your income?The #1 IRS Red flagsWhat % of gross income you need to set aside for taxesShould you be paying taxes quarterly or annually?Do you need to be collecting sales tax on your digital products like PDF downloads and courses?Figuring out how much to pay yourself & how to do so consistently when you have “slow” monthsWhy you shouldn’t be combining your personal and business bank accountsHow should we be paying attention to profit margin?How to know if you should hire a bookkeeper and how much it might cost

What we are diving into deeper on our small business resource community, After Hours: Get your first month FREE here (You will also get access to all past expert sessions).

Megan is going over what we CAN & CAN'T write off on our taxes

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Where to find Megan

Megan's Instagram Get a bookkeeping quote with Megan