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The Ruby Freelancers Show 011 – Taxes and Finances with Scott Sweeney

The Freelancers' Show

Build and grow the skills that will allow you to find clients, build skills, manage your lifestyle, and grow your freelance business.

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The Ruby Freelancers Show 011 – Taxes and Finances with Scott Sweeney

Guests :
  • E. Scott Sweeney
Hosts :
  • Charles Max Wood
  • Jeff Schoolcraft
  • Eric Davis
Published : Apr 06, 2012
Duration : 38 Minutes

Show Notes

Panel
E. Scott Sweeney, CPA (email 801-756-3394)
Charles Max Wood (twitter github Teach Me To Code Rails Summer Camp)
Eric Davis (twitter github blog)
Jeff Schoolcraft (twitter github blog)
Discussion
Why you want a CPA?

Accurate Returns
Tax Savings
Understanding of Tax Code


You'll likely wind up paying taxes rather than getting a return.
Home Office Deductions
Itemizing Your Return
Likelihood of getting audited
Keep your receipts on every expediture
Mileage - Begin odometer reading and ending odometer reading
The IRS cannot audit you back 4 year
Statute of limitations on fraud is 7 years
Tax deadline for 2012 is April 17.
Failure to pay penalty
Filing an extension avoids the failure to file penalties
Officer's salary in an S-Corp or a guaranteed payment in an LLC
Wages and salary vs draws and dividends
Self employment tax is 13.3%
Picks
Robbie McDonnell talk on goals (Eric)
Freelancing Weekly (Jeff)
iOS Biz Weekly (Jeff)
Paleo Weekly (Jeff)
Freelance Funnel (Jeff)
Hootsuite (Chuck)
Scott Sweeney CPA (Chuck)
Contemporary VA (Chuck)
oDesk (Chuck)
A good bookkeeper (Scott)
Excel (Scott)

  • Title: The Freelancers' Show

    Type:PODCAST

    Description:Build and grow the skills that will allow you to find clients, build skills, manage your lifestyle, and grow your freelance business.

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