How to Prepare Taxes for Your Side Hustle
- Description
- Curriculum
- FAQ
- Reviews
Are you dreading doing taxes for your side hustle this year?
Maybe you’ve tried researching what you need to do to properly prepare and file taxes for your freelance or side hustle business, but you’re still left feeling overwhelmed and with many unanswered questions.
Can I lighten the load for you?
You don’t need to dedicate hours upon hours to becoming a tax whiz.
You don’t even need to hire a Registered CPA.
You just need to understand how a side hustle is taxed, along with what’s needed to properly set up and create an efficient system for tracking your income and expenses.
As a Certified Public Accountant serving clients for 20+ years, this is what will set you up for smooth sailing when it comes to tax preparation.
That’s why I put together this course for freelancers, gig workers, and people with side hustles just like you.
In this course, I’m going to teach you exactly what you need (and DON’T need) to do to prepare for tax time so you can avoid the headache of trying to figure this all out on your own.
A few things you will learn inside this course:
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What you need in order to file your side hustle taxes (hint: you don’t need to be an LLC!)
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How to calculate your quarterly estimated tax payments
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Why you should have separate side hustle business bank accounts
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How to set up your side hustle financial “books”
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3 options to track income and expenses along with downloadable templates
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How to audit-proof your deductions
… and more (preview the curriculum below).
By the end of this course, you will have a clear plan for how to prepare taxes for your side hustle, along with an efficient system for tracking income and expenses.
I look forward to seeing you inside the course!
Your tech-savvy CPA,
Noel B. Lorenzana
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6How a Side Hustle is TaxedVideo lesson
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7What You Need to Prepare Your Tax ReturnVideo lesson
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8What You Don't Need to File Your TaxesVideo lesson
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9What You Need to Know About Quarterly Estimated Tax PaymentsVideo lesson
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10Do You Need a Separate Legal Entity?Video lesson
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11Do You Need an EIN?Video lesson
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12Why You Should Have Separate Business Bank AccountsVideo lesson
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13Overview: What It Means to Get Your Books Set Up ProperlyVideo lesson
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14Cash vs. Accrual. Which Method Is Right for Your Side Hustle?Video lesson
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15Choosing a Record Keeping Method for Your Books & My RecommendationVideo lesson
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16Option 1: Google or Excel SpreadsheetVideo lesson
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17Option 2: Bookkeeping by HandVideo lesson
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18Option 3: Online Accounting Software OptionsVideo lesson
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19Set Up Your Tool to Get Your Books Setup ProperlyVideo lesson
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20When to Hire an Accountant or Bookkeeper?Video lesson
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21Saving Receipts and Best PracticesVideo lesson
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