Manage episode 226859710 series 1923829
In episode 128 of Financially Simple, Justin goes over the numerous taxes that Business Owners can face.
Nothing can be said to be certain except death and taxes, and in the case of a business, a lot of taxes. Justin lists and explains the most common Business Taxes that can apply depending on the type of industry and location of your business.
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ARTICLE TRANSCRIPT: https://financiallysimple.com/missing-taxes-checklist-business-owners/
00:26 - The 11 Different Taxes a Small Business Owner Could Pay
01:47 - Income Taxes
04:15 - Estimate Tax
04:50 - Sales Tax on Products and Services Sold
05:32 - Property Tax on Business Property
05:52 - Excise Taxes on Use and Consumption
06:14 - Self-Employment Tax on the Owner’s Share of Business Income
08:01 - Employment or Payroll Taxes
09:57 - Gross Receipt Tax on Businesses
10:29 - Franchise Taxes
10:59 - Sales Tax
12:04 - Real Estate Taxes
12:18 - (12) Professional Privilege Tax
12:37 - Wrap Up
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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.