How to File Self Employed Taxes - First Time Self Employed Tax Return Guide for Small Business

Filing taxes when you are self employed can be confusing so I have compiled all of the important information you need to know to feel informed and prepared if you just started a new business, worked as an independent contractor, have a single member LLC, or are a sole proprietor and need to know how to file your self employed income taxes. #llc #independentcontractor #selfemployed #soleproprietor #businesstaxes #selfemployedtaxes

Business deductions video:    • 16 Best Small Business Tax Deductions  

➡️Get the FREE Business Startup Essentials Guide: https://business.ginnysilver.com/pl/2...
➡️Get the FREE Start Your California Business Step-by-Step Webinar: https://business.ginnysilver.com/pl/2...
➡️Get the FREE Affiliate Marketing Quick Startup Guide: https://business.ginnysilver.com/pl/2...
➡️Get the FREE 13 Streams of Income That Earned Me Over $400,000/Year Guide: https://business.ginnysilver.com/pl/2...

0:00 How to pay self employed income taxes
0:45 LLC and Sole Proprietor self employed tax filing
1:25 Have these things in place FIRST
1:47 Keep business financial records
2:39 Understand your business tax deductions
3:29 Have 1099's ready
4:41 How do I file self employed income taxes
4:45 Schedule C for self employed income
5:30 What types of self employed income taxes do I need to pay
5:41 Self employment tax
5:52 Federal and state income taxes
6:00 Is self employment income taxes on your met or gross income
6:15 LLC annual tax
7:08 Make sure your LLC tax return and payment is mailed in if needed
7:33 Estimated quarterly income taxes
7:40 Who needs to pay estimated quarterly income taxes
8:04 What if I underpay estimated income taxes
8:23 When are estimated tax payments due
8:50 Requesting an extension
9:15 What to do if you can't pay your self employed income taxes






INSTANT ACCESS tools that grow your business:

⭐️Join the California Entrepreneur Collective for instant access to business templates, action plans, guides, live coaching, community, and more: https://business.ginnysilver.com/cali...

⭐️The Entrepreneur's Toolkit- Time saving profitability boosting tools every entrepreneur needs: https://business.ginnysilver.com/entr...

⭐️The Course Creator's Toolkit – Everything you need to launch your online course: https://ginnysilver.mykajabi.com/reso...

⭐️YouTube 30 Day Kickstarter Program – Kickstart your YouTube channel with this super-charged 30 day program with daily plans, tutorials and tools to approach your YouTube channel as a profitable business: https://ginnysilver.mykajabi.com/yout...

Must-Have Business Tools
Please note that links to the websites below are for products and services I use, love, and trust. They are affiliate links which means I will receive a small commission when links are used to purchase an item.

KAJABI – 30 days FREE
Create your website, ecourses, mailing list, opt-ins, podcast, and more
https://app.kajabi.com/r/QkdkQzLZ/t/c...

INCFILE - Form your LLC for $0
https://shareasale.com/r.cfm?b=617326...

GUSTO – The best all-in-one payroll software to hire, pay, and stay compliant (get $100 with this link)
https://gusto.com/r/ginny8



DISCLAIMER:
Ginny Silver and Retrospect Images, LLC provides content to Youtube for entertainment purposes only. It is the responsibility of the viewer to verify all information as information may be inaccurate or outdated. Ginny Silver is not a CPA, attorney, insurance agent, lender, EDD or other government employee, or financial advisor and content in these videos shall not be construed as legal, financial, tax, government, or other advice. You are urged to contact a certified professional to help your individual needs.