Chapter
Overcoming Tax Filing Struggles as a Creator
1:32:11 - 1:36:23 (04:12)
The tax filing process can be daunting for creators and small business owners, but utilizing services such as LLCs and S corps can help ease the process. One entrepreneur shares his experience with overcoming his personal struggles with taxes and finding solutions to make it easier for himself and other creators.
Clips
Creators must treat their creator business like a business and start managing their taxes wisely.
1:32:11 - 1:33:30 (01:19)
Summary
Creators must treat their creator business like a business and start managing their taxes wisely. This is particularly relevant for small businesses like LLC types, S corps or creators such as YouTubers, Twitch creators, or podcasters who can take advantage of write-offs, deductions, and quarterly estimated taxes.
ChapterOvercoming Tax Filing Struggles as a Creator
EpisodeThe Annual Milly Awards: The Winners, The Losers And Everything In Between - With Andrew Wilkinson
PodcastMy First Million
The speaker reflects on their experience with accountants and tax strategy, noting that many act like government agents rather than helpful advisors.
1:33:30 - 1:34:31 (01:00)
Summary
The speaker reflects on their experience with accountants and tax strategy, noting that many act like government agents rather than helpful advisors.
ChapterOvercoming Tax Filing Struggles as a Creator
EpisodeThe Annual Milly Awards: The Winners, The Losers And Everything In Between - With Andrew Wilkinson
PodcastMy First Million
The speaker feels empowered by the knowledge that he doesn't have to follow a traditional corporate path and can instead create his own success through entrepreneurship.
1:34:31 - 1:36:23 (01:52)
Summary
The speaker feels empowered by the knowledge that he doesn't have to follow a traditional corporate path and can instead create his own success through entrepreneurship. The discussion also touches on the importance of understanding financial statements for business success, particularly in light of increasing IRS audits.