What Business Owners Need to Know About Taxes – Episode 8

What Business Owners Need to Know About Taxes – Episode 8

 
 
00:00 /
 
1X
 

What Business Owners Need to Know About Taxes – Episode 8

What Business Owners Need to Know About Taxes – Episode 8

 
 
00:00 /
 
1X
 
What Business Owners Need to Know About Taxes

Talking about taxes is probably the LEAST exciting thing to talk about in entrepreneurship, but probably the most important.

Today's episode is the conclusion to the discussion we started last week with Scott Schieffer as our very first podcast guest. Scott is an estate planning and tax attorney with more than 15 years experience as a CPA. Join us as we share our conversation with an expert to help you be aware of the important details regarding tax strategy, thus, helping you to avoid ending up in a bad situation.

”The main thing is not to let something sneak up on you. If you are making money, guess what, you’re gonna have to pay taxes on it at some point , so, start to plan for it.” -Scott Schieffer

Welcome to the Laptop Empires podcast hosted by Bobby Hoyt (Millennial Money Man) and Mike Yanda (Red Dirt Marketing Co).

In this twice-weekly podcast, the former Band Director(Bobby) and Attorney(Mike) share cutting-edge strategies for growing online businesses. The duo pulls on their experiences building blogs, online communities, and courses to grow businesses for themselves and other business owners.

Every episode is packed with content and actionable strategies presented in a laid-back, conversational manner. No topic is too big or small for this no-filter show about making money online and having fun doing it.

Whether you’re a full-time entrepreneur, side hustler, or you’re thinking about joining this crazy online business world, you’ll want to join the Laptop Empires crew each Monday and Thursday and learn how to create an online business that lasts.

In this episode, here is what you’ll discover:

  • Things you need to be aware of as a new business owner
  • What are the things to track?
  • Legit tax deductions
  • How often do you need to pay taxes?
  • Why do you need an advisor/CPA?
  • How to track expenses?
  • What not to do….DON’T follow Mike’s examples?
  • Importance of understanding how your chosen system/program works
  • Misconception about LLC
  • Legal loophole that you need to know about S Corp
  • When do you need to pay taxes quarterly?
  • What do you need to look for in a CPA?

Items Mentioned In The Show:

Contact Bobby & Mike:

Enjoy the podcast?

Thanks for tuning in to this episode of the Laptop Empires Podcast! If the information shared in these weekly conversations and interviews have helped you in your business journey, please head over to iTunes, subscribe to the show, and leave us an honest review.

Your reviews and feedback will not only help us continue to deliver great, helpful content, but it will also help us reach even more amazing entrepreneurs just like you!

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SUBSCRIBE HERE AND NEVER MISS AN EPISODE

Just Add Your Email Below To Get An Endless Supply Of Tasty, Money-Making Nuggs Of Info Sent Directly To Your Inbox. We Hunt Spammers In Our Spare Time...So We Definitely Won't Spam You.

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5 Comments

  1. QueerFI on July 20, 2018 at 2:31 pm

    Great stuff! Just the type of information I’ve been looking for. Will you post the pdf Scott mentioned?

    • Laptop Empires on July 28, 2018 at 1:52 pm

      Working on it!

  2. Nicole on July 31, 2018 at 7:56 pm

    Thank you! This is excellent information and you guys are great at delivering it!
    I was hoping I could get in touch with Scott. I’ve started a bookkeeping and consulting side hustle with plans to make it my main hustle at some point. I’d love to set up an appointment with him and pick his brain.

  3. Kelsey on September 12, 2018 at 5:06 pm

    Hey guys!!! Thanks for the podcast!! I loved all the good information. Where’s the link to the PDF? Thanks a bunch!! Keep up the podcasts!!!

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