Oh boy oh boy, it’s that special time of year…. tax season! I know it’s still a bit early to deal with for a lot of us, but since I have been asked from time to time about how to handle income taxes when owning a small biz, I figured early is better for this particular topic. I want you to have all the good info to procrastinate on!
But before I can offer advice, I need to know just what you’re curious or confused about? Have you ever even claimed your small biz and filed sales and use taxes? Do you use accounting software to keep track of your income and expenses throughout the year? Do you make the most out of your deductibles?
These are just a few things to think about when filing taxes with the IRS, and they are important!
For the next 24 hours I’m featuring a series of questions on my Instagram Stories to find out just where you chickadees are regarding filing federal and state taxes for your small one person art biz, so pop over there to take the survey and get some of your questions answered in next week’s video.
FYI This video will not be a step-by-step tutorial on how to file your taxes since every person/state/business/situation is different (not to mention that I could probably get in some kind of legal trouble for doing so!), but it will be a series of tips and suggestions that will help you navigate the confusing world of declaring small biz income for Uncle Sam.
PS If you’re not on Instagram, feel free to respond to the above queries or drop a comment or question of your own regarding filing your small art biz taxes below. I’m excited to help you all realize that filing taxes is way less daunting than you may think, and is really beneficial to your biz in both the short and the long run.
After taking the survey, make sure to tune in next week for all the good tax advice this Bird can muster! We can do this!
1.9.2022