94: Tax Saving Tips for Side Hustlers

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 19 February 2015

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

It's tax season, and I think it would be foolish to give Uncle Sam more than you're legally required to. This week I'm joined by Joshua Sheats from RadicalPersonalFinance.com and the host of the Radical Personal Finance podcast. He explains there are 2 tax codes: the personal tax code and the business tax code. As a business owner, even as a side hustler, there are a number of distinct tax advantages available to you. Listen in and keep your hard-earned dollars!

Transcript

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0:00.0	Side Hustle Show 94 tax saving tips for side hustlers.
0:03.6	Welcome to the Side Hustle Show
0:06.8	where aspiring part-time entrepreneurs learn how to turn their
0:10.0	side hustle dreams into reality.
0:12.4	Because your night to five may make you a living but
0:15.1	your 5 to 9 makes you alive and now your host Nick Loper.
0:30.0	What's going on, Nick Loper here, welcome to the Side Hustle show. This is episode 94, tax saving tips for side hustlers.
0:35.0	It's tax season, at least here in the US,
0:37.4	and that means that you may be thinking
0:39.4	about how much you owe Uncle Sam,
0:41.3	or hopefully how much you're going to get back.
0:43.8	But one thing is for certain.
0:46.6	And that's it.
0:47.6	As a side hustler, you have some distinct advantages
0:50.7	come April 15th, that the regular old W-2 earners do not.
0:56.0	And here to help break down all of those advantages is Joshua Sheets from Radical Personal Finance.com and the Radical Personal Finance Podcast.
1:06.8	If you're a money geek, you're going to like this one.
1:09.2	Or just if you don't like giving your hard-earned money away to the government, you're going to like this one.
1:15.0	Josh is a certified financial planner and has a whole host of other acronyms after his name.
1:21.0	I'm not sure if they all mean, but I'll take it to signify that he's a smart dude. There's some really juicy stuff in this call, especially in the second half of this interview. But like the disclaimer on his site radical personal finance.com says it would be dumb to take the financial advice of some random dude on the internet.
1:41.2	So be sure to always do your own homework, your own due
1:43.3	diligence and your own research before putting any of this into action and I'll let
	...

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