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Entrepreneurship

2023 Taxes for Self-Employed & LLC Explained (How to Start a Business Part 5/5) [Video]

2023 Taxes for Self-Employed & LLC Explained (How to Start a Business Part 5/5)

Taxes are confusing, even when we have an employer involved. But doing it yourself as self-employed or with an LLC? It can be confusing if you’ve never done it before. This video explains how to file quarterly taxes with the IRA, pay FICA, find your tax bracket, and take advantage of write-offs.

With employees quiet quitting and working from home, there’s never been a better time to start your own business. If you are looking to launch your own video company for shooting, editing, doing YouTube, or working with clients, then this is the ULTIMATE GUIDE. Get all the instructions you need in this highly-detailed five part series.

PART 1: Registration, Legal, & Budgeting – https://youtu.be/ZW6Vce9l_S0
PART 2: Gear & Studio Setup – https://youtu.be/UvpnOXshuVY
PART 3: Landing Your First Paid Client – https://youtu.be/FHUb9Dyke2g
PART 4: Marketing, Growth, & Hiring – https://youtu.be/4Zmda_QlVzk
PART 5: Taxes, Savings, & Investing – https://youtu.be/BlC5JYUP2Vg

Be sure to subscribe and hit that notification bell so you can watch each episode as it’s released. Check out the links below for supplementary materials and resources.

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SUPPORT ON PATREON

Get the financial forecast worksheet on Patreon! Learn how much money you need to save in order to launch your business. Unlock full versions of my videos, resources, and behind-the-scenes by supporting this channel on Patreon.

Become a supporter: https://www.patreon.com/HelloSidneyReed

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ESSENTIAL RESOURCES & TOOLS

I mentioned several discounts and referral coupons throughout this video. These are affiliate links that I might get a kickback on if you buy. The money goes towards funding more videos here on Youtube.

The One Thing (book): https://amzn.to/3SlFdFo
Sync (get 1GB extra free): https://www.sync.com/?_sync_refer=24ab01ee0
Chase Sapphire Card (get 60,000 bonus points): https://www.referyourchasecard.com/6f/7UT2W6FQFN
Rakuten (get cash back): https://www.rakuten.com/r/HELLOS262?eeid=28187
Quickbooks (50% off first 6 months): https://refer.quickbooks.ca/s/hellosidneyreed
TurboTax (get 20%): https://turbo.tax/sidney722

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MY GEAR KIT

This video isn’t sponsored, but below are affiliate links to products that I personally use. I might earn a commission if you buy using the links below. It’s a small thing that supports this channel!

Camera Body: https://amzn.to/3Qt6C7r
Favorite lens: https://amzn.to/3BwhA7W
Best editing headphones: https://amzn.to/3B7UKBT
Affordable lighting kit: https://amzn.to/3RAV03l
Clearest sounding shotgun mic: https://amzn.to/3d2aWwL
My gimbal: https://amzn.to/3BsGd5l
Wireless lav mic: https://amzn.to/3L6qk7C
Cinematic drone: https://amzn.to/3L1KiAE
Battery Bank: https://amzn.to/3SNml2X

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ABOUT

I’m a full-time filmmaker and a professor of film at the University of Colorado – Denver. My mission is to teach new and upcoming filmmakers, youtubers, and artistic entrepreneurs how go full-time doing what they love and making an impact through the power of film making.

Questions about Video Production, Film Making, or Anything Else? Post in comments section of this video!

Website: https://www.sidneyreed.com
Instagram: https://instagram.com/hellosidneyreed
Facebook: https://www.facebook.com/hellosidneyreed

#sidneyreed #hellosidneyreed #becomeafilmmaker #howtomakefilms

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