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How to Claim Up to $32k in Self-Employment Tax Credits (with Alisa Cook)
Manage episode 427355272 series 2812922
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Guest Bio
A former educator and now entrepreneur, Alisa is on a mission to help self-employed individuals and small business owners unlock substantial financial relief through the Self-Employed Tax Credit (SETC) program. You deserve to know how you can claim up to $32,220 in tax credits from 2020 and 2021.
Episode Highlights:
1. From the Classroom to the Business World:
Our guest shares their inspiring journey from the education sector to the entrepreneurial world. Frustrated by the limitations and red tape of the school system, they decided to take control of their destiny and make a difference in their community on their own terms. Starting with a successful tutoring company, they built a business from scratch and eventually sold it to explore new ventures.
2. The Airbnb Adventure:
After the success of the tutoring business, our guest ventured into the Airbnb market. This new chapter in their entrepreneurial journey provided valuable lessons in adaptability and customer service. The flexibility of managing Airbnb properties allowed them to retire early and relocate to Mexico, where they continued to pursue their passion for entrepreneurship.
3. Mastering Marketing:
With a wealth of experience under their belt, our guest found their true calling in marketing. By helping small businesses grow, they leveraged their skills and knowledge to make a significant impact. The episode delves into the nitty-gritty of bootstrapping a marketing business, from manually scraping contact lists to leveraging networking and freelance platforms like Fiverr and Upwork.
4. The Power of the Self-Employment Tax Credit:
One of the game-changing insights shared in this episode is the discovery of the self-employment tax credit. This often-overlooked funding resource can provide a much-needed financial boost for small business owners. Our guest explains how they utilized this credit to reinvest in their ventures, significantly enhancing their business's growth and capacity.
Key Takeaways:
Embrace Constraints as Opportunities: Our guest's journey exemplifies how constraints can be turned into stepping stones for success. By embracing challenges and thinking creatively, they were able to build multiple successful businesses.
The Importance of Networking: From attending events to leveraging freelance platforms, networking played a crucial role in their entrepreneurial journey. Building a solid network opened doors to new opportunities and long-lasting client relationships.
Utilize Available Resources: The self-employment tax credit is a valuable resource that many entrepreneurs overlook. Understanding and leveraging such resources can provide a significant financial boost and help reinvest in your business.
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