In this video, we dive into a crucial aspect of being an independent contractor: understanding yourself as a business owner. Join me as I break down the world of taxes for independent contractors, shedding light on how they’re taxed and the array of tax deductions they should be leveraging. Whether you’re a freelancer, consultant, or gig worker, this guide is essential for you.
Key Times In Video:
00:00 – Intro
00:37 – You are a business owner
01:34 – Business structures
02:27 – You don’t need a brick & mortar
03:34 – Self employment tax
06:07 – Maximize Tax Deductions
07:20 – Home office Deduction
08:42 – Saving for retirement
10:07 – Summary/Outro
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– – https://www.kdainc.com/taxcall
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– https://karladennis.clickfunnels.com/booking-page1693582609580
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*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
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