Introduction To Tax Planning For Freelancers And Gig Workers

Introduction To Tax Planning For Freelancers And Gig Workers
Published 10/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 127.79 MB | Duration: 0h 30m

The Ultimate Guide to Tax Planning for Freelancers and Gig Workers: Simplify Taxes and Keep More of Your Earnings

What you'll learn

Learn how to navigate freelancer tax responsibilities, including self-employment taxes and quarterly estimated payments to the IRS.

Discover how to maximize deductions, including home office, vehicle, and other business expenses specific to freelancers and gig workers.

Organize income and expenses, review deductions, and plan for year-end taxes to avoid common freelancer mistakes and ensure smooth tax filing.

Reduce self-employment tax with strategic deductions, setting up retirement accounts, and choosing the best business structure for tax efficiency.

Requirements

This course is designed for freelancers and gig workers of all experience levels

Basic knowledge of taxes is helpful, but not required.

A desire to better understand your tax obligations and a willingness to organize your income and expenses.

Description

Are you a freelancer, gig worker, or independent contractor struggling to manage your taxes? You're not alone. Managing your tax obligations while maximizing your deductions can be confusing and overwhelming. That's why this course is designed specifically for self-employed individuals like you."Tax Planning for Freelancers and Gig Workers" will give you the tools you need to confidently handle your taxes, reduce your tax liabilities, and keep more of what you earn. Whether you're a seasoned freelancer or just starting out, this course covers everything you need to know, from understanding your self-employment tax obligations to year-end tax planning strategies.In this comprehensive course, you'll learn:How to navigate freelancer and gig worker tax obligations, including self-employment taxes and quarterly estimated payments.How to claim essential tax deductions like the home office deduction, vehicle expenses, and business expenses.Strategies for reducing your tax liabilities through retirement contributions and business structures.How to organize your income and expenses for smooth tax filing and avoid common tax pitfalls.Year-end tax planning strategies to ensure you're fully prepared for tax season.With practical, step-by-step guidance, you'll not only learn how to save money on taxes but also how to stay compliant with IRS requirements. You'll finish this course with a personalized tax strategy, tailored to your unique business needs.Who is this course for?Freelancers, gig workers, and independent contractorsAnyone who wants to understand how to maximize tax savingsSmall business owners and self-employed individuals looking for tax efficiencyWhy choose this course?Designed specifically for freelancers and gig workersClear, easy-to-follow instructions with real-world examplesAccess to downloadable tools and worksheets, such as an Income Tracker and Deduction PlannerReflective quizzes and assignments after each module to reinforce your learningBy the end of this course, you'll be able to confidently plan for your taxes, maximize your deductions, and reduce your tax bill — all while ensuring you're fully prepared for tax season.

Overview

Section 1: Introduction to Tax Planning for Freelancers and Gig Workers

Lecture 1 Welcome and Course Overview

Lecture 2 Meet Your Instructor

Lecture 3 What You'll Learn

Lecture 4 Why Tax Planning Matters for Freelancers

Lecture 5 Overview of Freelancer Tax Obligations

Lecture 6 Reflection

Section 2: Understanding Your Tax Obligations

Lecture 7 Self Employment Taxes

Lecture 8 Quarterly Estimated Payments

Lecture 9 Reporting Freelancer Income

Section 3: Key Tax Deductions for Freelancers

Lecture 10 Home Office Deduction

Lecture 11 Vehicle and Travel Expenses

Lecture 12 Deducting Business Supplies and Equipment

Section 4: Retirement Planning for FreelancersCalculating and Reducing Self-Employment Tax

Lecture 13 SEP-IRA and Solo 401(k)

Lecture 14 SIMPLE IRA

Lecture 15 Tax Benefits of Retirement Contributions

Section 5: Year-End Tax Planning and Filing

Lecture 16 Year-End Tax Strategies

Lecture 17 Organizing Documents for Tax Filing

Lecture 18 Preparing for Tax Season

This course is designed for freelancers, gig workers, independent contractors, and self-employed individuals who want to better understand their tax obligations, maximize deductions, and reduce their self-employment tax burden.,Whether you're new to freelancing or an experienced gig worker, this course will provide valuable tax-saving strategies to help you keep more of your earnings.