How self employment taxes work and how you can avoid them altogether.

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I work with a lot of business owners on a daily basis, and many people I talk to don’t fully understand their responsibilities as a self-employed taxpayer.

And, this is very dangerous because if you don’t understand how taxes apply to you as a business owner, then you can’t even begin to think about tax strategies to reduce your tax bill and put money back into your pocket.

So my goal today is to give you the simplest, most easiest to understand explanation to help you navigate taxes as a business owner, and I will give you some ways to reduce the amount of taxes you will pay as we go along here.

If that sounds good to you, go ahead and like this video for me below and subscribe to the channel for more videos just like this one!

Intro: (0:00)
Self-Employment Tax: (1:10)
How to Limit SE Tax: (2:30)
How to AVOID SE Tax: (3:45)
Federal and State Tax: (7:50)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).