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51. How Teacher Sellers can Save on Taxes with Barbara Schreihans [Money Series]

51. How Teacher Sellers can Save on Taxes with Barbara Schreihans [Money Series]

FromThe Savvy Teacher Seller with Kristen Doyle


51. How Teacher Sellers can Save on Taxes with Barbara Schreihans [Money Series]

FromThe Savvy Teacher Seller with Kristen Doyle

ratings:
Length:
29 minutes
Released:
Jun 13, 2023
Format:
Podcast episode

Description

We are continuing our Money Series with a commonly requested topic from TPT sellers: how to save on taxes! This topic can be scary and overwhelming, but we all know taxes are a big deal as business owners.My personal tax superhero, Barbara Schreihans, joins me to discuss all things tax planning and savings. Her mission is to help business owners like us save a boatload in taxes while also growing our profits. Barbara is sharing her best advice and tips to help take the pressure off regarding business taxes.In this episode, Barbara shares what we must consider when choosing our business structure for better tax benefits, the most commonly missed deductions by business owners, and how we can prepare for next year’s tax season.02:24 - The differences between sole proprietorship, LLC, and S Corporations06:53 - What are the most commonly missed tax deductions 11:22 - How to determine if your photoshoot expenses are a legitimate business expense12:41 - The best retirement accounts to use for tax savings as a business owner 14:58 - Most common mistakes made by TPT Sellers when it comes to taxesFor all resources, head to the show notes: https://kristendoyle.co/episode51Support the show
Released:
Jun 13, 2023
Format:
Podcast episode

Titles in the series (99)

When it comes to running and scaling your TpT business, there’s so many pieces to juggle and new things to learn. But what if you could hear exactly what to do in order to continue growing your teacher business, and what to avoid? That’s what you’ll learn on The Savvy Teacher Seller, the podcast that will show you how to take your TpT business to the next level through strategic planning, SEO, and more! Your host, Kristen Doyle, has a decade of experience selling on TpT and has made all the mistakes so that you don’t have to! Tune in to hear Kristen cover all aspects of running a TpT business - from leveraging SEO, to improving product listings, to effective TpT seller strategies for your store and website. To learn more and connect with other TpT sellers, join Kristen’s Facebook community, TpT & Website Savvy with Kristen Doyle.