
Introduction to the course.
Plan estimated tax payments and self-employment tax, maximize home office and mileage deductions, and leverage SEP IRA or solo 401(k), while choosing the entity (S-Corp or LLC) with a CPA.
Discover common business types from sole proprietors to sole member llcs and partnerships, and how gaap, double-entry bookkeeping, and piercing the corporate veil affect liability and taxes.
Explore flow-through entities like partnerships and llcs, their k-1 tax flow to owners, profit and loss allocations, and how guaranteed payments and self-employment tax fit into pass-through taxation.
Explore how corporations function as large, perpetual entities with stock ownership, dividends, and wages, while highlighting the double taxation faced by individuals and the role of board members in governance.
You are an entrepreneur, creator, or maybe even consultant. Tax Prep for Entrepreneurs is designed to teach you what you need to know the language of tax. If you self-prepare, this course will give you an added edge and tax strategy normally reserved for paying clients. Once you graduate to a CPA or trusted tax preparer – this course will get you past just a “tax return” and get you to planning and advisory.
Come get it:
-Learn the language of tax
-Make informed tax and entity decisions
-Save money through deductions and fees
-Self prepare with greater confidence
-Get past preparation and onto planning and advising with your CPA