Back Taxes: Myths & Facts (and Why You’re Not Going to Jail)
In this episode of the Become Sensible podcast, we explore how freelancers and small business owners can manage back taxes and regain control of their finances. If you’ve missed tax filings and feel unsure about the next steps, this episode is packed with practical solutions.
Why You Need to Listen
Are you:
- Struggling with missed tax payments or tax penalties?
- Unsure how to organize your records or set up catch-up bookkeeping?
We’ll break down the process for catching up on taxes while minimizing penalties.
What We’ll Cover
In this episode, you’ll learn:
- How to organize records even without previous bookkeeping.
- Tips on setting up a payment plan with the IRS.
- Understanding the importance of filing your taxes as soon as possible
Here’s What You’ll Discover:
- The significance of bookkeeping for smooth tax filing.
- How filing now can prevent costly penalties later.
- The steps to take when setting up an IRS payment plan.
Plus, we’ll share Samantha’s story—how she cleared three years of back taxes and negotiated a manageable payment plan with the IRS.
Take Control of Your Financial Planning
If you’re feeling the pressure of unpaid taxes, start organizing, filing, and reaching out for help. It’s never too late to regain control of your finances.
Don’t Miss Out!
Tune in to learn how you can tackle back taxes, set up catch-up bookkeeping, and ease the stress of tax season!
Happy listening, and here’s to your business success!
Managing Cash Flow and Business Growth: A Startup’s Struggle
Managing Cash Flow and Business Growth: A Startup’s Struggle In this episode of the Become Sensible podcast, we explore a real-life case that highlights the challenges many entrepreneurs face when balancing cash flow, seeking funding, and ensuring personal income. If you’re struggling to manage your business expenses and personal needs, this episode is for you.…
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Navigating the Multiple Member LLC Dilemma: Should You Switch to an S-Corp?
Navigating the LLC Dilemma: Should You Switch to an S-Corp? In this episode of the Become Sensible podcast, we dive into a common dilemma faced by many business owners—whether to remain with the LLC structure or switch to an S-Corp to optimize their business tax strategy. If you’re unsure how your choice of business structure…
Continue Reading Navigating the Multiple Member LLC Dilemma: Should You Switch to an S-Corp?
Helping Small Businesses Save Big with S Corporations: A Guide to Tax Efficiency
Helping Small Businesses Save Big with S Corporations: A Guide to Tax Efficiency In this episode of the Become Sensible podcast, we explore the S Corporation tax structure—a popular choice for small business owners aiming to optimize their tax strategy. If you’re curious about how an S Corporation can save you money, this episode will…
Continue Reading Helping Small Businesses Save Big with S Corporations: A Guide to Tax Efficiency
Managing Sales Tax and Finances for Creative Professionals
Managing Sales Tax and Finances for Creative Professionals In this episode of the Become Sensible podcast, we discuss essential financial strategies for creative professionals who sell products. If you feel overwhelmed by sales tax or struggle with balancing finances, this episode is packed with solutions. Why You Need to Listen Are you: Confused about when…
Continue Reading Managing Sales Tax and Finances for Creative Professionals
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