4.7 • 1.6K Ratings
🗓️ 23 December 2016
⏱️ 36 minutes
🧾️ Download transcript
Josh Bauerle is the CPA on fire at cpaonfire.com. Josh specializes in tax preparation, tax planning, booking keeping, and general consulting services to take the accounting side of your business to the next level.
Just 30 minutes with Josh about a month ago saved me thousands of dollars, so you owe it to yourself to listen to this episode and see if you can put some money back in your pocket too.
In this episode, Josh goes into detail about the tax implications with each type of business entity you can form, as well as how you can potentially save thousands of dollars by registering as an S-Corp.
Josh also covers which expenses are deductible to your business, how to include health insurance as a tax-deductible, and how you can reduce your tax bill by investing more into retirement accounts. He also spends some time explaining the often confusing issue of how much sales tax FBA sellers should be paying and under which state tax laws, as well as recommending a service to automate the process.
Tune in as Josh answers several questions from the Side Hustle Nation community and shares some of his best tax saving tips and advice. This isn’t another one of those dry conversations around tax, it’s packed with actionable tips and advice to help you put more money back into your pocket.
Full Show Notes and PDF Highlight Reel: Pay Less Taxes - Your Side Hustle Tax Questions Answered
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| 0:00.0 | Side Hustle Show 2008, pay less taxes. |
| 0:04.0 | Welcome to the Side Hustle Show. |
| 0:06.0 | Where aspiring part-time entrepreneurs learn how to turn their side hustle dreams into reality. |
| 0:12.0 | Because your 9-to-5 may make you a living but your 5 to 9 |
| 0:15.6 | makes you alive and now your host Nick Loper. What's up? What's up, Nick Alopre here? Welcome to the Side Hustle Show as a business |
| 0:29.6 | owner as the CEO of your own life, right? There are three ways and only three ways |
| 0:33.9 | to improve your personal bottom line, |
| 0:36.0 | to improve your personal profitability. |
| 0:37.8 | Number one is to make more, |
| 0:39.2 | and we've got hundreds of podcast episodes |
| 0:41.3 | and blog posts on this topic. |
| 0:43.0 | Number two is to spend less. |
| 0:44.4 | Now, I love hearing about cool money saving hacks |
| 0:47.2 | that let you live well on less, |
| 0:49.3 | but this topic honestly hasn't been a huge focus |
| 0:52.0 | because I think there's a limit to how much you can |
| 0:53.6 | realistically save whereas I think the earning side is more exciting and more |
| 0:57.3 | practical and more limitless in that sense and the third way is to pay less in taxes. |
| 1:03.5 | And this is an episode on how to do just that. |
| 1:06.4 | I invited Josh Bauerly from CPA onfire.com |
| 1:09.4 | onto the program to answer some listener tax questions |
| 1:12.4 | and some of my own own if I'm honest. |
... |
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