It’s tax season (at least in the US), and that means you’re probably nervous about how much you might owe OR excited about how big a refund you might get back.
I have a love-hate relationship with taxes. Obviously it sucks to give your hard-earned money away to the government, but there is at least a small part of me that feels satisfied in making my contribution and being a responsible citizen and all that jazz.
In the pre-Side Hustle Nation days of this blog, I even cataloged a dozen-plus ways I’ve been a government mooch in my lifetime, benefiting from a variety of public and subsidized services.
Still, I think it would be foolish to give Uncle Sam more than you’re legally required to, and that’s what brings us to today’s episode.
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. << click to tweet!
And that’s what you can look forward to in this call!
Free PDF Download:
- When and why you should incorporate your business, and why most beginning side hustlers should NOT.
- How to set up a business name even as a sole proprietor.
- The types of expenses you can deduct as a side hustler.
- 3 overlooked tax savings opportunities that will get your gears turning.
- How to audit-proof your side hustle.
- A free business idea for people who get a kick out of helping people save money.
- Joshua’s thought-provoking #1 tip for Side Hustle Nation.
- Radical Personal Finance and the Radical Personal Finance Podcast
- Money: Master the Game by Tony Robbins
Joshua’s Series on Tax Planning:
With April 15th fast approaching, what do you think? Is this stuff useful to you?
Anyone want to take me up on the performance-based accountant business idea?
Free PDF Download: