Making Sense of Sole Proprietorship Taxes - What You Need to Know

Sole proprietorships advantages are plentiful - they're the easiest business entities to form, but there’s a few things you need to know about sole proprietorship taxes in order to not leave money on the table.
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In this video we’ll go over questions like how does a sole proprietorship pay taxes, do you pay more taxes as a sole proprietor, how much should I set aside for taxes as a sole proprietor, what is the self-employment tax, and what tax deductions can I claim as a sole proprietor? Watch through the video or jump to a section below to answer your questions. If you need more information, reach out to one of our business professionals for a free consultation.
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00:00 Beginning
00:19 Starting a Sole Proprietorships
00:41 Taxes for Sole Proprietorships
01:33 Sole Proprietorships as LLCs
02:21 Determining Sole Proprietorship Income Tax Liability
03:42 Tax Deductions for Sole Proprietorships
04:34 What Taxes Do Sole Proprietors Pay?
04:56 Make Sole Proprietorship Taxes Easier with an Expert Accountant
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