Feb 7, 2019
In episode 128 of Financially Simple, Justin goes over the numerous taxes that Business Owners can face.
Nothing can be said to be certain except death and taxes, and in the case of a business, a lot of taxes. Justin lists and explains the most common Business Taxes that can apply depending on the type of industry and location of your business.
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ARTICLE TRANSCRIPT: BLOG: "Missing" Taxes Checklist for Small Business Owners
TIME INDEX:
00:26 - The 11 Different Taxes a Small Business Owner Could Pay
01:47 - Income Taxes
04:15 - Estimate Tax
04:50 - Sales Tax on Products and Services Sold
05:32 - Property Tax on Business Property
05:52 - Excise Taxes on Use and Consumption
06:14 - Self-Employment Tax on the Owner’s Share of Business Income
08:01 - Employment or Payroll Taxes
09:57 - Gross Receipt Tax on Businesses
10:29 - Franchise Taxes
10:59 - Sales Tax
12:04 - Real Estate Taxes
12:18 - (12) Professional Privilege Tax
12:37 - Wrap Up
USEFUL LINKS:
Financially Simple on Facebook
Sales Tax on Products and Services
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BIO:
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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