How to Prepare for Filing Taxes as a Small Business Owner

➡️Special Xero offer: Get 90% off for 6 months using this link. Terms & Conditions apply: https://referrals.xero.com/ginnysilve... If you own a small business or generated self employed income and now need to file your self employed income taxes, this video is for you. Today I am going to show you everything you need in order to be prepared to file your self-employed income taxes. This is your must-have list for everything you need to feel organized, prepared, and ready to maximize your business deductions. Today’s video is brought to you in partnership with Xero, the best financial management tool for small businesses and bookkeepers which will help you catch up quickly on your business financial records. Xero is a global small business platform that provides accounting, payroll, payments, and other solutions for small businesses, accountants and bookkeepers. #smallbusiness #llc #soleproprietor #businesstaxes #businessbookkeeping 0:00 How to prepare for self employed taxes 0:38 In Partnership with Xero 1:54 Generate a profit and loss report for taxes 3:05 Business tax deductions list 3:47 Gather and prepare 1099's 5:27 Update vihicle records 5:54 Sold or purchased assets 6:10 Record of asset deprecciation 6:25 Salaries and wages 6:35 Self Employed related expenses 7:02 Charitable contributions 7:14 Childcare information 7:23 Prepare for estimated quarterly income taxes DISCLAIMER: Ginny Silver and Retrospect Images, LLC provides content to Youtube for entertainment purposes only. It is the responsibility of the viewer to verify all information as information may be inaccurate or outdated. Ginny Silver is not a CPA, attorney, insurance agent, lender, EDD or other government employee, or financial advisor and content in these videos shall not be construed as legal, financial, tax, government, or other advice. You are urged to contact a certified professional to help your individual needs.