2018 Tax Update for The Self Employed | A Brief Digestible Summary of the New Tax Laws

2018 Tax Update for The Self Employed | A Brief Digestible Summary of the New Tax Laws

Did you know that as of January 1st 2018, there were some new tax laws that took effect that will change the outcome of your Self-employment taxes?

Well… if you did or if you didn’t, in this short video I’m going to briefly explain what changes took effect and how its going to impact you and your self-employment taxes.

Please understand, however, that there were a ton of changes and whats covered in this video only pertains to a small part of the personal and business changes. And because this law is so new… somethings are subject to be amended.

I ask for your forgiveness in advance, as like everyone in the field of taxation, I’m still trying to wrap my mind around it all so if there were any parts that were not clear – I apologize.

0
Like
Save

Comments

Millennials Painting says:

THANKS FOR THE INFO I JUST START MY BUSSINES THIS JANUARY I NEED SOME HELP ON HOW TO START MY TAXES DID YOU RECOMENDME AN ACCOUNTING ?
?

Moneda Campbell says:

I have a question I'm new to doing my own taxes and need a lil help if possible plz lmk..

Nicole xo says:

Hi, Tyrone! How can I contact you?

Michael Blackwell says:

I also subbed.

Michael Blackwell says:

Great video my man. I need to talk with u about getting me straight on a 1099 venture with a single member llc. I just want to make sure I'm doing it the right way.

jboymontel1 says:

Long story short: I need kids😂😂😂

Ericha Hernandez says:

Question,
We have a non profit soccer club. My husband got paid as a coach, he coach’s and it’s also his club. We have a 1099 misc for him, but do we file this as business income on the schedule c or as other compensation? If we’re filing online through taxact or something similar, will they automatically calculate the self employment tax? Thank you, your video is super informative.

Colorsof Avon says:

Great content! Is the mortgage interest tax deduction still available?

Workforce & Personal Development says:

This is the BEST explanation I've seen on the subject this far. Thank you!

Willie Caldwell says:

Can you do another video on how the self employed file a perfect tax return for 2018? Like the video you did in 2016.

Kalid Ali says:

I’ve been watching YouTube videos more than 10 years and never been happier.

Lots and many thanks brother

David J says:

Hello, Square. When should I expect uber to have 1099K available? On Partners I don't see the yearly summary or the 1099K available. All I see is the 1099MISC. I can't see total miles for year. Thanks, man. Take it easy.

TheChatterFox says:

Wow, this was really an informative tax video, and your personality actually made it fun to watch. Your presentations are also clear, precise, and to the point without all the jargon making it easy to follow. So yeah, you got yourself a new subbie. Looking forward to more great videos and making 2018 the best year in business yet. Oh, and by the way, I like watching your videos on personal taxes also. lol 🙂

Mike Last name says:

Thank you for the info. Subbed

SBGE CRYPTO Pequenas Empresas & Grandes Empresários says:

I really enjoyed this video. Great stuff. Thanks.

I guess qualifying relative is now extinct?

What video editor do you use?

Write a comment

*

Sign up to our newsletter!


SiteLock