YOU DON'T KNOW WHAT YOU DON'T KNOW.

Now there’s a proverbial antanaclasis (big word alert) that you don’t hear every day, but when it comes to your taxes – that statement is true. But how can you be expected to know? Who told you?

I know from first hand experience what that phrase means. I relied on “they”, “them” and the “family friend” to tell me what I didn’t know. Well guess what… they didn’t know either.

What about a CPA, Tax Attorney or Tax Preparer you ask? If they are one of the good ones then maybe and here’s why I say maybe: On average they will spend about 45 – 60 minutes preparing your return. However, only approx. 15 -20 min of that is spent giving strategic planning and that’s simply not enough time. Over a span of ten years…yea… you’ll get all the advice you need, but do you have ten years to spare?

Ok, yes… I hear it coming. I can read your thoughts and you are thinking what about the softwares?

Yes, the softwares out there are great. Their algorithms and guidance systems are amazing, but there is still a lot of room for error.

As a trainer of tax preparers, when it came time to learn tax software I would always tell my students this: This software is only as good as the information that you put into it. And that statement is true for any software that you use for tax preparation. Yes, they will guide you as much as possible… but you still don’t know what you don’t know. (there’s that phrase again).

No worries, however, The Self-Employed Tax Academy is going to show you what you don’t know. Even as tax laws change you’ll get the updates. So you still know.

WHAT'S IN IT?

I wanted to keep this course short, sweet, and to the point without overwhelming you, but at the same time give some awesome content. Therefore, within this course, there are 3 modules in which you will learn everything you need to know to be smarter about taxes:

Module 1

• The 4 base business structures, how they are taxed and the one I recommend you start as.
• The 2 types of accounting methods the IRS suggest that small businesses use and the one you should use for your business.
• How to obtain a Tax I.D. If you need one (did you notice that I said if).

Module 2

• The types of income. Do you know them all?
• Which expenses are deductible and when to deduct them.
• Vehicle expenses - are getting them all?
• Home Office expenses - you'll love this one!

Module 3

• How to set up and pay Quarterly Estimated Taxes.
• What to do when you are both a W2 employee and Self-employed. (the answer is simple)
• Deducting expenses when you first start out and you didn't make a dime. (it happens... it happened to me)
• Home Office expenses - you'll love this one!

Bonus Videos (Goodies)

• How to hire your children… if you have any
• Tax software reviews
• A peek into S-corps