Estimated Tax Payments: How to Make Estimated Tax Payments Online or By Paper) Step by step instructions to make estimated tax payments in 3 easy ways. There are multiple ways to pay your estimated tax payments. I suggest paying your estimates in the way that feels the most comfortable to you. How to make estimate payment online - 0:36 How make estimate payments by paper - 6:33 How to make estimate payment by applying current your tax refund: 10:29 In a future video I will share how tax estimates work and things to know about before making estimate payments. ******Important Links Concerning Estimated Taxes********* https://www.irs.gov/payments https://www.irs.gov/pub/irs-pdf/f1040es.pdf https://www.irs.gov/payments/direct-pay https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 657 Money and Life TV
Struggling for clarity on your business tax requirements? Get access to my new mini e-course, "4 STEPS TO FOLLOW ALL OF YOUR BUSINESS TAX REQUIREMENTS" By clicking here: https://goo.gl/1ihgvv I get that you're busy, that's why this training is less than 20 minutes and simplifies all of the business tax requirements, so that you can be in the know and focus on your business! This is my latest training and it's FREE for a limited time, so get it while this offer lasts. In this talk, I'll go over how to calculate if a tax payment is needed each quarter. The due dates and how to make the payments is also covered. Check it out! For more FREE business start-up, accounting & tax info, check out our channel or our blog at http://www.utdu.info/theutduchannel/ This content is from our online video Self-Employed Tax Course. For everything you need to know about self-employed taxes, check out our course! http://www.utdu.info/selfemployedtaxcourse/ Other videos you may enjoy: Small Business Tax Calculator - https://www.youtube.com/watch?v=iu9XgPCUsNE Will I Be Penalized For Not Making Tax Payments? - https://www.youtube.com/watch?v=2IzRyAoePi0
Views: 10286 Business Finance Coach
Get your accounting & taxes done! With the BUSINESS SPREADSHEET TEMPLATE (for self-employed & LLCs): http://www.amandarussell.mba/getthebusinessspreadsheet I made this spreadsheet to simplify the complicated side of business, so you can be empowered by your money. Get started while it's free! In this spreadsheet you can update your ACCOUNTING records, calculate QUARTERLY taxes, & organize your INCOME end-of-year taxes - all in one template with step-by-step videos. This is the final step of calculating your quarterly taxes - making your payment. I'll go over the spreadsheet and the links I have to pay online or by snail (mail). The spreadsheet also has an area for you to keep track of your payments & confirmation/tracking information. Other videos you may enjoy: Form 1099-MISC and how to file it: https://www.youtube.com/watch?v=xWWxVyD8jt4 Welcome to the Business Spreadsheet Template: https://www.youtube.com/watch?v=8zKfhDKSzlU&t=13s
Views: 1348 Business Finance Coach
This video is response to a youtuber's question on this video: https://www.youtube.com/watch?v=7UVRNWysSYo Get the Business Spreadsheet Template to calculate your estimated quarterly taxes (and actually understand the process) here: http://www.amandarussell.mba/getthebusinessspreadsheet
Views: 1873 Business Finance Coach
One of the challenges you will encounter building monthly debt schedules is the need to calculate and show interest expense in each month, and then reflect the payment of interest at the end of the quarter. This video provides a helpful approach.
Views: 2229 A Simple Model
Ever here the term "Quarterlies" bandied about by your accountant and wonder what is it? do I have to do something I'm not aware of? Where there are a few situations where you need to pay Quarterlies, which are estimated tax payments made throughout the year...yes every quarter hence the name. The prepayments are made because if you'll owe too much the government wants you to pay ahead of time or they might penalize you. For the Federal Tax Returns, if you owe the government more than $1000 you MAY be charged interest and penalties. IF you've paid at least 100% (and in some cases 105%) of your prior year's tax bill in this calendar year, then it doesn't matter how much you owe at the end of the year, there will be no interest and penalties assed. Your tax preparer can help you calculate what's called your "safe harbor" amount. There are several events that could occur that would make you owe quarterlies such as being self employed, selling stock at a sizeable gain, high dividend or interest income or sometimes multiple jobs you may have where you don't have enough withholding. Before you decide to pay quarterlies, if you already are having federal taxes withheld from your job, a simple way to solve the tax payment due at the end of the year is to refile your W-4 at work to simply have more taxes withheld. Again your tax preparer can help you calculate how much more should be withheld. If you don't have an employer who will take care of the additional withholding then you'll want to pay the quarterly estimates using form 1040 ES which you can download from the IRS website. The quarterly payments are due by APril 15th, June 15, September 15th and January 15th of the next calendar year.
Views: 37266 Ambrozy Accounting
This is exactly how much money I've made on YouTube. How much money I make. This should give you an idea how much youtubers make. I wish more YouTubers would be open about this. I've decided I should just be straightforward with you guys about earnings and ad revenue. There is money to be made on Youtube. All of this is pretty much going into putting me through college. I feel very fortunate to have this opportunity that you guys have given me. This is my first unscripted video where I just talk into a mic, I'd like to move into this a little bit. There will be a different feel to the audio because of that. Still only a small Twitter.. https://twitter.com/vexxedb4c
Views: 5511148 Vexxed
Self-Employment Taxes #1 When to make business quarterly estimated tax payments? April 15th June 15th September 15th January 15th following year How much to pay for business quarterly estimated tax payments? Either 100% of last years tax liability or 90% of this years estimated tax liability. How to pay IRS? https://www.youtube.com/watch?v=4OncCAmBlbg https://eataxresolutions.com/ 1-800-245-0596 Facebook: https://www.facebook.com/EaTaxResolutions/ Yelp: https://www.yelp.com/biz/ea-tax-resolutions-newport-beach?osq=Tax+Services Anthony Fontana, E.A.
Views: 1885 EA Tax Resolutions
If you're a freelancer, independent contractor, side hustler, or self-employed, you need to pay estimated quarterly taxes. But what are they, how do you pay, and how do you know how much you owe? Resources mentioned: https://www.irs.gov/payments/direct-pay More info: https://www.kristinwong.com/what-you-should-know-about-taxes-as-a-freelancer/ #personalfinance
Views: 148 thewildwong
Struggling for clarity on your business tax requirements? Get access to my new mini e-course, "4 STEPS TO FOLLOW ALL OF YOUR BUSINESS TAX REQUIREMENTS" By clicking here: https://goo.gl/1ihgvv I get that you're busy, that's why this training is less than 20 minutes and simplifies all of the business tax requirements, so that you can be in the know and focus on your business! This is my latest training and it's FREE for a limited time, so get it while this offer lasts. This video explains quarterly estimated tax payments, their benefits and how you determine what you owe. It also goes over qualifications to avoid being penalized for NOT paying your quarterly taxes. www.utdu.info Disclaimer: I hope you find this information to be easy to understand! However, none of this information should be thought of as offering legal or tax advice between the reader and uTDu or forming a client-professional relationship. Tax laws are complex and while we try to cover information in a more in depth manner for the uninformed reader, uTDu cannot be held responsible for covering every aspect of all rules and cannot take the place of one-on-one client relationship. Consult a professional for advice based on all aspects of your personal situation. You should not take action or refrain from any action based on this advice and you should consult with your own accountant or tax professional regarding your specific situation. IRS Circular 230 Notice: Nothing in these communication is intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. For more information or any questions regarding the disclaimer contact us at [email protected] Other videos you may enjoy: Small Business Tax Calculator - https://www.youtube.com/watch?v=iu9XgPCUsNE Will I Be Penalized For Not Making Tax Payments? - https://www.youtube.com/watch?v=2IzRyAoePi0
Views: 1432 Business Finance Coach
Instead of one lump pension payment at the end of each fiscal year, a new law calls for smaller payments made at the end of each quarter. Don’t forget to SUBSCRIBE for daily videos: http://bit.ly/1ERsYqw **More info & videos below** For full episodes, check out http://www.njtvnews.org/ Facebook: http://www.facebook.com/njtvonline/ Twitter: http://www.twitter.com/njtvnews/ ----------------- NJTV News with Mary Alice Williams is a week-nightly news program on NJTV covering local New Jersey news as well as a multi-platform, local information source for New Jersey. Be sure to share with us your story ideas, feedback and tips about news in your neighborhood here: http://bit.ly/1GnSEtn NJTV News with Mary Alice Williams airs every weeknight at 6, 7:30 and 11 p.m. ET on NJTV.
Views: 52 NJTV News
Paying taxes as a freelancer can be confusing and frustrating. And mistakes with tax payments can cost you thousands of dollars in penalties and interest. So I want to share an amatuer freelancer mistake related to paying quartely taxes (in the USA). Please note that I am accountant so I am just sharing my experience and what I have learned freelancing over the years. If you are getting 1099 income and you end up paying $1,000 or more in taxes then you should be paying quarterly taxes. They are due on April 15th, June 15th, September 15th and January 15th and you can pay them online. If you use the Safe Harbor Method to determine you payments you can avoid miscalculating and also avoid penalties and interest on your tax payments. EFTPS Payment: https://www.eftps.gov IRS Payment Online: https://directpay.irs.gov/directpay/payment +CAMERA GEAR I USE IN MY VIDEOS: CANON KIT Canon C200: http://amzn.to/2tRZSL7 16-35mm L Series: https://amzn.to/2LcRv1w 24-70mm L Series: https://amzn.to/2LaRjj3 70-200mm L Series: https://amzn.to/2L96wBv Zeiss 50mm 1.4 Lens: http://amzn.to/2teZarg Ronin MX Gimbal: https://amzn.to/2k4IQlj 128GB Memory Card: https://amzn.to/2wRLm7U 64GB Cfast Card: http://amzn.to/2EbPpOy Extra Battery: https://amzn.to/2Iw3q8W Shotgun Microphone: https://amzn.to/2wLJsFJ Microphone Shock Mount: https://amzn.to/2k2BrmI Dead Cat Windscreen: https://amzn.to/2IL2cd1 XLR 1.5’ Angled: https://amzn.to/2rLynzk XLR 20’ Cable: https://amzn.to/2ImsC5K Sennheiser Wireless Lav Mics: https://amzn.to/2k31Twp Handheld Microphone: https://amzn.to/2L6IC9N SUPER DOPE MANFROTTO TRIPOD: http://amzn.to/2GIgO9m Manfrotto Monopod: https://amzn.to/2LbT6Ve SONY KIT Sony A7S II Camera: http://amzn.to/2zE0PIY Zeiss 16-35mm Lens: http://amzn.to/2ApjLIy Zeiss 55m 1.4 SUPER BOKEH Lens: https://amzn.to/2LbF2uH 70-200mm Long Lens: https://amzn.to/2IuFLpl Sennheiser Mini Shotgun Microphone: http://amzn.to/2E8iLgJ 128GB SD Card: http://amzn.to/2EAYwq3 Variable ND Filter: http://amzn.to/2oM9bHE ND Kit 72MM: https://amzn.to/2INNhyV ND Kit 49MM: https://amzn.to/2rNOJI2 ND 10 Filter: http://amzn.to/2oLjATP Sensor Wipes: https://amzn.to/2IuGWoL Sensor Cleaning Liquid: https://amzn.to/2Gw7ZhK Joby 5K Tripod: https://amzn.to/2L6o6G1 LIGHTING KIT Aputure 120D: https://amzn.to/2L8vkta Aputure Lightdome: https://amzn.to/2KxzpG7 Light Reflector: https://amzn.to/2L4iQTm Reflector Stand: https://amzn.to/2IxIkXO C-Stand: https://amzn.to/2Gs1PiC Westcott Light Stand: https://amzn.to/2IveO4P Gel Kit: https://amzn.to/2L9VjjS Super Clamp: https://amzn.to/2Lb9ohh EXTRAS BongoTies: https://amzn.to/2GRVtgx Pelican Case (Carry-on): https://amzn.to/2IpNFnG Big Pelican Case: https://amzn.to/2IOz4lu $7 BONGOTIES: http://amzn.to/2oCRVEL X-Rite ColorChecker: http://amzn.to/2Fg21pt Passport ColorChecker for Video: http://amzn.to/2oMRIPm Walkie Talkies Two-Way Radio: http://amzn.to/2H9WME1 Memory Card Case: https://amzn.to/2EiuN3g Swiss+Tech Multi-tool: https://amzn.to/2q3iDXR Novoflex Multi-tool: https://amzn.to/2GTGP8D Gaffer Tape: https://amzn.to/2uIXree Moleskine: https://amzn.to/2Egzwm7 Lens tissues: https://amzn.to/2GV4LbF TSA Locks: https://amzn.to/2EhJPGv Rocket Air Blaster: https://amzn.to/2GzrISs XLR Splitter: https://amzn.to/2GUf9Ra Cinefoil: https://amzn.to/2HbNcC0 Gel Roll: https://amzn.to/2LdgktU 58mm Variable ND Filter: https://amzn.to/2rOG7k7 82mm Circular Polarizer: https://amzn.to/2INjrdV Dope style Camera bag: https://amzn.to/2ItONTg EDITING KIT Logic Keyboard For Premiere Pro: http://amzn.to/2H86VRN SUPER legit Color + Editing Monitor: http://amzn.to/2FL9tVy Display Color Calibrator: http://amzn.to/2oMKWJf Glyph Hard Drive 8TB: http://amzn.to/2D3QfbE Glyph Hard Drive 2TB: http://amzn.to/2oLWIUu Glyph Hard Drive 1TB: http://amzn.to/2DVQjLY Mouse pad with wrist gel: https://amzn.to/2Im2qbh DRONE KIT DJI Phantom 4 Advanced: http://amzn.to/2HEhNar ND Filters 3-Pack: http://amzn.to/2oLL2ke Micro SD Cards: http://amzn.to/2oNepmp Drone Backpack: http://amzn.to/2FMPWnH LINK DISCLOSURE: the amazon affiliate links to my gear provide me with a small percentage if you buy something from the link. This doesn’t cost you any additional money and it helps fund my channel. Thanks in advance if you help support my channel with purchases from my links :) SUBSCRIBE FOR MORE VIDEOS! ► http://bit.ly/2g2uuQt And click that bell notification button :) FOLLOW ME and share your thoughts: Instagram: http://bit.ly/2kXODMH Facebook: http://bit.ly/2ywIYSV Twitter: http://bit.ly/2gg8f9y Website: http://bit.ly/2hMUQ9H - NEW HERE? - Howdy! My name is Nick Girard and I live in Portland, Oregon. I have been working as a freelance videographer and photographer, traveling around the world and making a living working for myself for the past 10 years. New videos on my channel every week! I upload vlogs, tutorials and films I make for inspiration. If you've read all this how about a little kind comment :) Have a rad day!! 💼 Business Inquires - [email protected]
Views: 643 NicksFort
"If you're self-employed, you pay the combined employee and employer amount, which is a 12.4 percent Social Security tax on up to $127,200 of your net earnings and a 2.9 percent Medicare tax on your entire net earnings." -SSA.Gov https://www.ssa.gov/pubs/EN-05-10022.pdf Quarterly Business Tax Payments "The rule is that you must pay your taxes as you go. If at filing time, you have not paid enough income taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment." - TurboTax https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Estimated-Taxes--How-to-Determine-What-to-Pay-and-When/INF12007.html Tools: Budgeting, Debt Snowball, Investing, Creditors http://gatewaypeople.com/ministries/stewardship/resources Website - http://gatewaypeople.com/ministries/stewardship Facebook - https://www.facebook.com/gatewaystewardship/ Instagram - https://www.instagram.com/gatewaystewardship/ Twitter - https://twitter.com/gwstewardship
Views: 28875 Gateway Stewardship
This was Part 2 from the Chicago Vocal Arts Consortium's Facebook Live event. In this video we cover Best Practice Tip #2 for 2018 - How to Calculate and Pay quarterly estimated tax payments. IRS Link: https://directpay.irs.gov/directpay/payment?execution=e1s1 Email: [email protected] This video is for entertainment and informational purposes only and should not be considered tax advice. By watching or commenting on this video, we are not forming a professional relationship. If you seek specific tax advice, please consult a CPA from your local area.
Views: 8089 simpleetax
Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar How to do taxes as a college student? How do taxes work? What are some of the best ways to avoid taxes? What does it mean when someone writes off something in their taxes? Keep mind, I summarized a lot of stuff that is not "perfect" by the books, but if you don't make a lot of money, you'll likely not get audited for grey area deductions such as cell phone, and office room rent. The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineeredtruth ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Views: 591555 ENGINEERED TRUTH
Instead of making one payment into the public worker pension funds at the end of the fiscal year, lawmakers unanimously approved a bill to have the state make four payments: at the end of September, December, March and June. Don’t forget to SUBSCRIBE for daily videos: http://bit.ly/1ERsYqw **More info & videos below** For full episodes, check out http://www.njtvnews.org/ Facebook: http://www.facebook.com/njtvonline/ Twitter: http://www.twitter.com/njtvnews/ ----------------- NJTV News with Mary Alice Williams is a week-nightly news program on NJTV covering local New Jersey news as well as a multi-platform, local information source for New Jersey. Be sure to share with us your story ideas, feedback and tips about news in your neighborhood here: http://bit.ly/1GnSEtn NJTV News with Mary Alice Williams airs every weeknight at 6, 7:30 and 11 p.m. ET on NJTV.
Views: 41 NJTV News
http://www.SodowskyLaw.com If you are an independent contractor and get issued a 1099, you obviously know that income tax is not being withheld from your paychecks like it is with W-2 employees. As a result, you owe the Virginia Department of Taxation and the IRS estimated taxes. The way estimated taxes work is that estimated tax deposits are due on a quarterly basis, which is based off of how much money you have earned for that quarter. However, because this amount can be substantial and difficult to put aside and save, many people find it beneficial to make smaller deposits every time they get paid. By doing it this way, you don't have to worry if you will have the money when taxes are due at the end of the quarter. For help resolving your tax problems, please contact the Sodowsky Law Firm in Fairfax at 703.968.8000. An experienced tax attorney can assist you with your tax debts. Call us today or contact us online at http://www.sodowskylaw.com/contact.cfm .
Views: 1279 Fairfaxtaxman
Find out more about quarterly estimated tax payments. How much should my quarterly payment be and what happens if I do not make payments? What are a 3 safe harbors to help you avoid penalties? Always remember, do not pay in more taxes than you have to.
Views: 669 NASE Minute
Watch more How to Do Your Taxes videos: http://www.howcast.com/videos/139998-How-to-Pay-Taxes-as-a-Freelancer Congratulations! You've freed yourself from overbearing bosses and hygienically challenged co-workers—you're freelancing! But with freedom comes responsibility, like keeping on top of your taxes. Step 1: Track expenses Make a second spreadsheet for business expenses, with columns for the date of the receipt, the vendor’s name, and the amount of the expense. Keep this up to date, and hold on to receipts for anything you may be deducting. Tip Open a high-interest savings account. If you’re diligent about putting money away for your taxes, you’ll earn some interest on it before it has to go to Uncle Sam. Tip The amount of tax you’ll pay depends on your income. If you’re pulling in middle-class money, 30% to 35% of your gross income is about right. Step 2: Take appropriate deductions Familiarize yourself with the deductions you can take as a self-employed person. When you’re working for a company, the cost of doing business—like office supplies, electronic equipment, and client entertaining—is covered for you. When you’re working for yourself, those expenses become write-offs. Step 3: Set aside your taxes Every time you’re paid, immediately take the amount of taxes you expect to owe on that invoice and set it aside it in a savings account. Keep your net income and your tax money as separate as possible—consider it money already spent, or you’ll be in trouble when it’s time to pay up. Tip If you can’t afford a full-time accountant, at least talk to a local accredited tax professional. Tax laws can vary by state and even by city, so make sure you’ve got the right information for your locale. Did You Know? The first federal income tax in the United States was imposed during the Civil War. Tip To make sure your payments are correctly attributed to you, write your social security number on the memo line of any checks you mail to the IRS. Step 4: Be reasonable Be reasonable about what you write off. If you want to deduct your internet bill as a business expense, but you only use the web for business half the time, then only claim half of it. Step 5: Keep records Set up a spreadsheet on your computer that has columns for the invoice date and number, the client’s name, the gross amount you were paid, the amount you’re putting away for taxes, and the net total. Step 6: Don’t be late! Don’t be late about filing your taxes. Delays can lead to penalties and interest. Step 7: Pay quarterly Pay your quarterly taxes. For freelancers, April 15th isn’t the only date taxes are due. You’ll need to pay taxes based on your estimated annual income on June 15, September 15, and January 15, too. Go to www.irs.gov for the estimated tax vouchers and instructions. Step 8: Hire an accountant If you can afford an accountant, hire one. He may pay for himself in the amount of time, aggravation, and money he saves you by knowing his stuff.
Views: 16898 Howcast
This video shows a quick and easy way to pay your federal income taxes on irs.gov Italian Afternoon by Twin Musicom is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Artist: http://www.twinmusicom.org/
Views: 26038 Elevation Tax
This demonstration walks you through the steps to make and submit a federal tax deposit payment using the eftps.gov website.
Views: 31438 SummerTaxServices
Payroll can get overwhelming, here's a quick video on how I recommend paying your payroll liabilities. Remember I'm not a tax professional ;) I'm an entrepreneur who specializes in QuickBooks. Join my Quarterly and Year End Forms Course and learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: QBO: https://canduskampfer.com/YearEndFormsQBO Desktop: https://canduskampfer.com/YearEndTaxForms Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 27631 Candus Kampfer
Calculate auto sales tax with tips from an accountant in this free video on taxes and finances. Expert: Doretha "Faye" Jones Bio: Doretha "Faye" Jones has an MBA and over 20 years of accounting experience in addition to experience at Sarbanes Oxley audit support. Filmmaker: Christopher Rokosz
Views: 1894 eHow
Do I need to pay quarterly taxes or file quarterly taxes for my LLC or Corporation? Toby Mathis is an published Author and Co-Founder of https://AndersonAdvisors.com * Ready To Take Your Business To The Next Level While Protecting Your Assets From Frivolous Lawsuits? ~*~ Get Your FREE 30 min Consultation & Wealth Planning Blueprint NOW https://AndersonAdvisors.com/register-now-a Check out https://AndersonAdvisors.com for financial strategies and details on upcoming workshops. 800.706.4741 https://AndersonAdvisors.com The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
Views: 539 Anderson Business Advisors
~~~~~~~~~~ VIDEO IS ABOUT: GST Council 22nd Meeting Decisions / Updates / News / Key Points, Tax Payment, Return Filing, ITR, Income Tax Return Filing, Quarterly Basis, GST Council, 22nd Meeting of GST Council, Tax Payment and Return Filing now on Quarterly Basis, News and Updates of GST Council 22nd Meeting... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
Views: 3485 CMA Vr. Dr. Pawan Jaiswal
Learn more about 180 Law Co. LLC by visiting http://180lawco.com. One question that I get asked quite often, because it’s a really good question, is how the owner of a single-member LLC is supposed to pay him/herself. There are two possible answers to this question, depending on how the LLC is taxed. Unless the LLC elects otherwise, a single-member LLC is considered a “disregarded entity” and all of the income to the LLC is treated as income to the business owner, and is all subject to self-employment tax. So basically, the owner of a single-member LLC can pay himself however and whenever he wants, keeping in mind a few important considerations: 1. Make sure you are prepared to pay taxes. Since the LLC is a disregarded entity, if the business earns $100k but you only “pay” yourself $50k, you are still going to be responsible for paying all of the taxes, including self-employment taxes, on the full $100k. (For simplicity’s sake, I am pretending there are no deductions or anything.) So you need to set aside enough money to make sure you can cover your taxes. 2. The business has to remain adequately capitalized. This means that you need to keep enough money in the business to cover all your overhead, debts, bills, salary for employees, etc. You should also leave some extra “padding” for possibly building up your business, purchasing equipment, and whatever else you may decide to do with your business. In the books, any payments to yourself should be recorded as “Member Distribution” or “Member Withdrawal.” If the LLC elects to be taxed as an S Corporation, on the other hand, you have to be paid a “reasonable” salary. Self-employment taxes will only be paid on that salary rather than on the full amount of profit the business earns. Any money that the business owner takes above that reasonable salary is considered a dividend and won’t be subject to self-employment taxes. To learn more about S Corporations, watch my earlier video What the Heck is an S Corporation at http://youtu.be/i5to7Da3wMw?list=UUNh7tqEn68tf0oOfq4NsFsg If your LLC is not taxed as an S Corp, you don’t need to put yourself on payroll, since those member distributions aren’t treated as normal payroll. If your LLC is taxed as an S Corp, then the salary you earn can be part of your payroll, and any additional dividends will be separate from that. Whether or not you elect to have your LLC taxed as an S Corp and how to handle and record the money that you pay yourself is an important conversation that should be had with your accountant, bookkeeper, & attorney. Doing it the “right” way can help minimize your tax liability and can make your life (and that of your accountant) much easier come tax time. Contact Aiden and learn more at www.180lawco.com. [email protected] | 720-379-3425 Thumbs up & subscribe if you want more AUIYB! Follow Me! IG: @allupinyobusiness Twitter: @_AllUpInYoBiz www.facebook.com/180lawco www.google.com/+aidenkramerlawAUIYB www.pinterest.com/AUIYB The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by 180 Law Co. LLC, with its principal office located at 50 S. Steele Street, Suite 250, Denver, CO 80209. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship 180 Law Co. LLC or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice. All Up In Yo’ Business® is a registered trademark of 180 Law Co. LLC. ©180 Law Co. LLC. All rights reserved.
Views: 353904 180 Law Co. LLC
Sep 2015 quarterly taxes are paid four times a year by people who self employed or earn independent income, also known as 1099 income. Or you can obtain payment vouchers for ohio it 1040es 19 jun 2017 if aren't having taxes withheld from your paycheck, probably need to make estimated quarterly tax payments. Learn more about how it works in your case 1 nov 2017 you may also have to send estimated tax payments state taxing authority. Gov businesses small self estimated taxes "imx0m" url? Q webcache. You might need to make estimated payments if you are self employedhave commission income; Received a lump sum paymentQuarterly tax taxes how determine what pay and when 2018 federal quarterly calculate bench. What is estimated tax & who does it apply to? Freelancers, make sure to pay quarterly taxes avoid how federal online the irs. Those quarterly installments are for the amount we estimate will owe 5 mar 2012 if you self employed and expect to or more when file your annual return, then must pay estimated taxes on income. The rule is that you must pay your taxes as go. Paying through official payments is fast, easy & secure 21 aug 2017 the irs expects to receive tax as your income earned, not just at end of year when you file a return. If it's not through withholding, then it has to be done by quarterly estimated taxes. This includes taxable income from sources including, but not limited to, 25 feb 2017 unfortunately, the irs has no 'i didn't know' clause, nor is it very forgiving when people don't pay their taxes on time, even if they were unaware had to. This is referred to as a pay you go system. Quarterly estimated tax payments taxes how to determine what pay and when 2018 federal quarterly calculate bench. Use your prior year's federal tax return as a guide. Making tax payments montana department of revenue. Make estimated payments ohio department of taxation. There are several factors that can determine whether you need to pay quarterly estimated tax. Here's what you need to know 27 feb 2018 if must pay estimated taxes, the question of how much you'll owe for first quarter is made more complicated this year because uncertainty over who qualifies new 20. Quarterly estimated payments can be made electronically on our web site at tax. It basically tells your employer how much to set aside for taxes every time you get paid. As a general rule, if your tax liability is 27 feb 2017 when you work as standard employee, fill out w4. Googleusercontent search. If your business is structured as a corporation, you'll need to pay estimated taxes if 6 dec 2011 why do some people have make tax payments? 'the federal income you go tax,' notes the irs on its website. The potential problem arises when you have income 16 mar 2017 there are some exceptions to this for farmers and fishermen (along with a few other specialized cases), but in general, if think will owe over the course of tax year, required pay quarterly estimated taxes. Official payments pay federal est
Views: 6 Question Me
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Views: 5641 Raiken Profit
As an independent contractor, do I have to make quarterly estimated taxes?| Gulf Beaches Law, P.A. | Estate Planning, Eviction, Tax and Business Law Firm | Karen S. Keaton, Esquire | http://gulfbeacheslaw.com/ | 727-822-2200 | 2816 Beach Boulevard South, Gulfport, Florida 33707 An independent contractor is responsible for paying their own taxes and, therefore, are subject to the estimated tax payment rules, just as any other individual would be. Failure to pay quarterly tax estimates, if they are required, would subject the independent contractor to the penalties for failure to timely pay the estimated tax payments.
Views: 11 Gulf Beaches Law, P.A.
Hi Guys, This video will show you how to build an amortization table in excel is less than 5 minutes :) Please subscribe and watch all our tutorials www.i-hate-math.com
Views: 471402 I Hate Math Group, Inc
UPDATE (please read): Some of my contact information has changed. The new information is as follows: Twitter Handle = @TheSETaxGuy New Facebook Page = /TheSelfEmployedTaxGuy New Email = [email protected] Instagram = @theselfemployedtaxguy Ok carry on... Being self employed is one the greatest feats a person can achieve. It gives one a true sense of freedom and control and is like a great sun shines day until the IRS comes along and brings rain clouds. Well... If you are looking for information on business taxes, freelance taxes, self-employed, a serial entrepreneur, a social media-preneur or or what to do with a freaking 1099-Misc or 1099-K... then you have landed on the right video. Enjoy and join the community. Find out exactly what you need to do in order to file that perfect tax return.
Views: 122267 The Self-Employed Tax Guy
Estimated Taxes and Self Employment Tax tips from Jeffrey Bellamy, an enrolled agent at OIC Tax Services. - How to calculate estimated taxes. - 100% rule - 90% rule What is Self-Employment Tax? - Both halves of S.S. and Medicare - 15.3% of your check. For more information: https://bbb.org http://www.oictax.com/
Views: 8978 Sacramento Better Business Bureau
In this video, I talk about how much Taxes I had to pay from doing Uber & Lyft for 2016. I also go over some of the things that you can write off. ----------------------------------------------------------------------- Sign up for Uber & get a Bonus: https://get.uber.com/drive-vs/?exp=vs-t&invite_code=2osa6 Sign up for Lyft & get a Bonus: https://lyft.com/drivers/konstantin13 Download RobinHood and get a free Stock: http://share.robinhood.com/konstap12 ------------------------------------------------------------------- Driver referral code for Uber: 2osa6 Driver referral code for Lyft: Kon55 ------------------------------------------------------------------ Subscribe for more tips on driving for RideShare companies and making more money!
Views: 63393 RideShare Tips
The form 941 is a quarterly payroll tax form. Form 941 is filed four times a year and report payroll liability and deposits for federal income tax (FIT), social security, and Medicare, the FICA taxes. Form 941 is not used to calculate what we owe so we can make quarterly payment. Form 941 is an information return. In other word, we should already have paid the IRS for FICA and FIT before completing form 941. Form 941 will recalculate taxes owed for the quarter and payments made. Form 941 will calculate both the employer and employee portion of payroll taxes. Federal income tax withholding are all employee taxes while social security and medicare have an employee and employer portion. For more accounting information see website. http://accountinginstruction.info/courses/
Views: 3517 Accounting Instruction, Help, & How To
http://www.nchinc.com/ As a small business owner, you'll need to make estimated tax payments during the year to cover your federal income tax liability, unless you expect to owe less than $1,000. Generally, estimated taxes are due in four quarterly installments, due by April 15th, June 15th, September 15th, and January 15th. Keep in mind even though estimated taxes are often referred to as quarterly payments, the deadlines are not three months apart from each other. You can either mail in payment or pay electronically. Just remember to keep track of your estimated tax payments, and save the information for your records and next year's taxes. For more information on small business taxes, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.
Views: 782 Nevada Corporate Headquarters
Want to learn E-Pay instead: https://canduskampfer.com/epay-to-pay-payroll-taxes-in-quickbooks/ Join my Quarterly and Year End Forms Course and learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: QBO: https://canduskampfer.com/YearEndFormsQBO Desktop: https://canduskampfer.com/YearEndTaxForms Don't miss a tip, Join my Tips & Tricks: https://CandusKampfer.com/tips Candus' Free Mini Course: https://canduskampfer.com/minicourse/ Find out how to Join my QuickBooks Simplified Community: http://quickbookssimplified.com Are you new to QuickBooks or are you struggling to figure out the software? Would you love a course that is step by step vs searching for each answer and trying to figure it all out on your own? I would like to share with you my course called Confidence with QuickBooks. Everyone who has taken the course loves it. For more details visit: http://ConfidenceWithQuickBooks.com If you need help with QuickBooks, set up an appointment here: https://canduskampfer.com/private-sessions-with-candus/ Click here to be notified of upcoming Webinars & Workshops: https://canduskampfer.com/webinar-wai... Learn how to process: 941, 940, DE9, DE9C, W2's, W3, 1099-misc & 1096. Click here to join and for more details: https://canduskampfer.com/quarterly-and-year-end-forms-cou Have a great day! Candus :)
Views: 28587 Candus Kampfer
How To Make An Uber Website | https://thesimpledriver.com/uberwebsite/ Uber Money Tips - https://thesimpledriver.com/tips/ Filing your Uber taxes can be a scary and even daunting task if you don’t know where to start. Luckily you subscribed to my channel where I make things simple. There is no need to fear the IRS as a rideshare driver. Learn how to track your expenses and get the maximum amount of deductions as an Uber driver. After watching this video you will be happy to file your income tax for 2016, 2017 and more. Uber X Uber Black Uber Select Uber SUV Uber XL Get more information on my website: https://thesimpledriver.com/tips/
Views: 148507 The Simple Driver
http://www.contextures.com/excelpmtfunction.html Go to this page to download the free sample file. To calculate a loan payment in Excel, you can use the PMT function. The PMT function calculates the payment for a loan that has constant payments and a constant interest rate. Enter an interest rate, the number of payments, and the loan amount on the worksheet. Then, refer to those cells in the PMT formula. Watch this short video to see the steps for setting up a payment calculation, using the PMT function. Instructor: Debra Dalgleish, Contextures Inc. Get Debra's weekly Excel tips: http://www.contextures.com/signup01 More Excel Tips and Tutorials: http://www.contextures.com/tiptech.html Subscribe to Contextures YouTube: https://www.youtube.com/user/contextures?sub_confirmation=1 '---------------------- Transcript - Calculate Loan Payments with Excel PMT Function In Excel, to calculate monthly payments, you can use the PMT function. In this example, we're going to enter the annual rate, and then the number of payments we have to make, the amount that we'll be borrowing, and then we'll use the PMT function in this cell to calculate the monthly payment. The annual rate that we're going to pay is 5%. In this cell, we're going to borrow the amount over four years. There are 12 months per year, so 48 months. I'll be making 48 payments, and the amount that we're going to borrow is $10,000. Those are the three numbers that we need in order to calculate the monthly payment. Here is the syntax for the PMT function. We'll start by typing equals, and then PMT, open bracket, and now I'm going to click on the cell where I entered the rate. I'll click here where it says 5%, but it's not 5% per month. That's the annual rate. I'm going to click after that cell reference, type a slash for division. then I'll type 12, because we're paying that rate over 12 months. Then I'll type a comma, and the next argument is the number of periods. I'll click on the Number of Payments cell, and type another comma. The present value, or the amount of the loan, is 10,000, so I'll click on that cell. The other two arguments are optional, so I'm not going to use them. The fv is the future value, so that's what you want left at the end of all your payments, and if you don't enter it, we assume zero. We want to pay everything off, so I don't have to enter anything there. The type is also optional. If I omit it, we assume that it's zero, and you're going to be making your payments at the end of the period. If you type a one, then you'd be paying at the beginning of the period. I'll close the bracket and press Enter, and there's the monthly payment. It's in this cell as a negative amount because it's a payment that I owe, but if you wanted to show it as a positive number, just click after the equals sign, right before the PMT function name, and type a minus sign, and press Enter. Now that shows as a positive amount in the payment cell. For more Excel tips and tutorials, and to download the sample file for this video, please visit my Contextures website at www.contextures.com.
Views: 357009 Contextures Inc.
Confused by your Uber taxes? Not sure what you're looking at with your Lyft tax info? I walk you through the steps you need to know, how to understand your rideshare taxes and more in this vid. Show Notes: https://therideshareguy.com/all-of-your-2014-rideshare-tax-questions-answered-a-turbotax-giveaway/ Sign up for TurboTax here: https://therideshareguy.com/Intuit7 Looking for a rideshare CPA? More info here: https://therideshareguy.com/ridesharecpa Interested in driving for Uber? Get 'Guaranteed Earnings' of up to $500-$1,000: http://www.therideshareguy.com/uber1 (Uber is no longer offering sign-up bonuses in most cities) Interested in driving for Lyft? Get up to a $500 sign-up bonus after you sign up: http://www.therideshareguy.com/lyft1 Looking for rideshare friendly insurance? http://therideshareguy.com/ins Want to join hundreds of other drivers who are maximizing their rideshare profits? Check out our new video course: http://www.therideshareguy.com/mrp Wanna try out delivery? Doordash is hiring! Sign up here: http://www.therideshareguy.com/dd1 You can also sign up for Postmates here: http://therideshareguy.com/pm1 Want your first ride free on Uber? Use the code 'uberRideshareguy' and get $20 off your first ride: http://www.therideshareguy.com/uber2 Want your first ride free on Lyft? Use the code 'pf1' to get $10 off your first ride: http://therideshareguy.com/lyft2
Views: 13937 The Rideshare Guy
Should A Real Estate Agent Pay Quarterly Estimated Taxes? Info on how to avoid paying IRS estimated tax penalties! // Download our Free PDF for 10 Secrets to Stop Overpaying the IRS. GET IT FREE HERE: https://financiallyfreeagent.lpages.co/top-ten-secret-strategies-rich-real-estate-agents-use-to-reduce-uncle-sams-tax-bite/ What are Quarterlies? How do you calculate them? How do you pay them? Should you pay state quarterly estimated tax payments too? This video answers these questions and more! _______________________________________________________ Let's connect on social media: Facebook: https://www.facebook.com/IRSProblemSolver/ Instagram: https://www.instagram.com/anchor_man12/ LinkedIn: https://www.linkedin.com/in/jim-flauaus-4006b44/ Twitter: https://twitter.com/Anchor_man1 Download my free "Cheat Sheet", the 10 Ultimate Tax Hacks that Million Dollar ''Rock Star' agents use to keep more commissions in their pocketbook and 'share" less with the IRS. GET IT FREE HERE: http://eepurl.com/deTFCH
Views: 101 Real Estate Tax Coach