Day: November 9, 2022

The 5 Reasons Why Self-Employed Professionals Incorporate Their Business:

Replay Link:

https://formationscorp.webinargeek.com/watch/NAMKlmw-1TjBRDzU7gouuK_dgQABHS0eBfy-ZgxwOt0/ (11/09/22)

Net Income is Not That Simple:

Gross Income – Expenses (Write-Offs) = Net Income

Expenses & Write-Offs:

Business Use of Home & Utilities

Books, Literature & Education

Professional Services & Consultations

Cel Phone & Internet

Insurance

Supplies & Gifts

Business Meals

Vendors & Contractor Fees

Vehicle Mileage & Transportation

Equipment & Software

Self-Employed Professionals Deal with Financial Stress (Sole Proprietor or LLC):

CPA

15.3% Tax

Budgeting

Bookkeeping

Quarterly Tax Payments

Expense Tracking

Health Insurance

401K

5 Reasons Self-Employed Professionals Incorporate:

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