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Great video, thanks!

So i'm a 1099, and I am in the 8% state tax, and 22% income tax bracket which is exactly 30. However, what about the self-employment tax which is arond 15%? Does that make it 45%?

Thank you for this detailed explanation. Keep up the good work.

Hi, I have a question my wife is planning to go into a 1099 position that we are assuming will be 75,000 and I am 32,000 year and we plan to do our taxes jointly. We also have a son that tax bracket that is needed to be used to figure out how much is owed to the government do we need to use the tax bracket of our combined income or just hers because I have an employer who takes out my taxes?

hello! i have a couple questions. 1) i work multiple gigs, for payments on each of those gigs, should they all be separated when saved? or can i put the 30% in one bank account together? 2) do i have to have an llc to take off certain deductions? one "business" i have is myself, i an a dance teacher/choreographer and heard that you have to have an llc to for deductions or at least certain ones. another example i work as a gogo dancer, and wanted to say paying like things for costumes, makeup, etc., but heard it wouldnt work since the 1099 for this is coming from a business 3)how do you claim money that is paid through zelle or sent straight to my bank account? i know you have to claim money you earn in checks, not sure how online banking would work 4) for the 30% saving, do you take a certain amount from each paycheck/payment? or do you add up all income in one month and then take 30% from that? thank you so much!!!

catching on the replay! :)

#replay Thank you for sharing

Great info! Thanks, Denai!!

What’s the target then? I work in construction and ours is 2%. Yes. Two percent

Hello I have a question do you still reply ?

30% each month !! ?? 😮😢

You just earned a new subscriber! 😊

this video is gold for any new business owners! Thankyou for the kind advice. 1000 percent all true.

Amazing advice thank you for this! I’m a 1099 contractor , and I was wondering how important is having CPA if you understand how it works? Do you feel every should have a CPA regardless of income revenue?

THE BEST. OF. BEST THANK YOU. SO. MUCH ALL THE BEST GOD. BLESS

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Unfortunately it is too basic.

This video lesson is good for the business owners, who do not possess any accounting knowledge. It is not a professional analyzation from the CFO’s point of view

Thanks Lady for the video. You made finance so meaningful and easier to understand. I'm Ricky Lee from Singapore

For the algo

Awesome video

Legit & quality content my lady.

THE. BEST OF BEST THANK YOU. VERY. MUCH

Good explanation

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Thank you. 👍🏿

Can we do take-out meals? Like lunch meetings with a remote team would that work? Ordering everyone lunch from different places? Also what exactly does 100% deduction mean? If I bought everyone $40 worth of lunch for a team of 4 I'm not getting $160 off of my taxes. Is it just the tax on each? I do have team members in both the US and Canada -not sure if that makes a difference.

So agree that we need to get away from paper receipts! I scan all receipts into my Evernote app into a tax receipt notebook for each year. Thanks for sharing all of your systems tips for deducting meals!

Sharing this right now!

This video is amazing! Thank you!! I'm just trying to understand blance sheets and this really helped thank you :)

Thank you so much for sharing this! I appreciate you!!

#reply-sooooooo currently relevant to me, thank you. ;)

Thank you for this #replay! Virginia

Quick and to the point. --Replay

Great information...Thanks!

Great information...Thanks!

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#Reply

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Great advice!

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