I am happy to answer any questions that come up as you get your business set up. Use the schedule call button above to find a time that works for you.

Here is a recap of today’s presentation, along with links to some of my recommended products

Business Setup

1. 1. Business Checking

      1. Truist

      2. PNC

   2. Business Credit Card*

   3. QuickBooks Online*

   4. Monthly/Quarterly review of spending/income

Income Taxes

1. 1. Expenses

      1. Everything you spend directly for business (lockbox, client gifts, office supplies, etc)

      2. Mileage Tracking (dependent on tax entity) MileIQ

      3. Home office (can be a large deduction)

      4. Meals with clients

   2. Estimated taxes

      1. Save for taxes as soon as you get your commission to avoid tax day woes

      2. Should make federal quarterly payments to avoid penalty.

2. Tax Entities

   1. Sole Proprietor

      1. Quickest and easiest to set up

   2. LLC

      1. Partnerships or team endeavors

   3. S-Corp

      1. Payroll tax savings (generally >$135,000 GCI)

   4. Can use online setup website

      1. IncFile

      2. LegalZoom