I Filed My First Business Taxes and Discovered What Nobody Warns You About
Filing business taxes for the first time? Here's what nobody tells you, and what I wish I knew before my first year as a business owner. 1-on-1 Career Coaching: https://stan.store/insidethecubicle Website: https://www.insidethecubicle.com I thought I was pretty good with money. I bought a house, paid off my car, built a credit score. None of that prepared me for filing business taxes as a first-year entrepreneur. This video covers what actually caught me off guard. Not the generic stuff you find on Google, but the specific things nobody told me before I was already in it. What I cover: The difference between federal taxes, your state Department of Revenue, and city business taxes Why your LLC, your business license, and your trademark are three completely separate things What commingling funds actually means when you're funding your own business out of pocket Why H&R Block couldn't help me and what I did instead Why QuickBooks is not as easy as the ads make it look I'm still figuring this out in real time. That's the point. If you're a first-year entrepreneur or thinking about starting a business, this one's for you. Follow me: YouTube: / @samanthalearnsitall LinkedIn: / samantha~cook TikTok: / insidethecubicle #smallbusinesstaxes #businesstaxes #entrepreneur #newbusinessowner #learninginpublic CHAPTERS 0:00 Intro: taxes feel like the mob 1:13 The first time the IRS humbled me 4:06 Learning 1: You file two sets of taxes 5:29 Learning 2: LLC, license, and trademark are separate 7:45 Learning 3: Business bank accounts and commingling 9:09 Learning 4: Finding a CPA 10:24 Learning 5: QuickBooks reality check 11:24 If you fall behind, it spirals 14:04 What I want you to take with you

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