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The Business Starter Kit: A Guide to Small Business Ownership, Taxes and Accounting
Meet the Team
Hey, we're ENGAGE CPAs!
Michael Klipper, CPA, CEO
David Korpel, COO (1:54)
Daisy Roth, CAO (1:20)
Nate Yesner, Executive Accountant/Team Director
New Businesses Start Here
First steps when opening a business (10:56)
Main differences between a sole proprietorship and a single-member LLC (1:58)
How to setup an LLC and where to register it (3:37)
How to operate your LLC properly (2:12)
Definitions
Sole Proprietorship/Sole Prop (1:59)
Single-Member LLC (SMLLC) (2:16)
Doing Business As (DBA) (1:03)
Owner Draw/Distribution (1:38)
Owner Investment/Contribution (1:14)
Cash Basis Accounting (4:08)
Independent Contractor (Subcontractor/1099 Worker) (4:49)
Individual/Personal Tax Return (1040) (2:58)
Schedule C : Profit and Loss from Business (Sole Proprietor and Single-Member LLC) (7:33)
Sole Properietorships
Sole Proprietor : How do I pay myself? (1:50)
Sole Proprietor : How is my income taxed? (1:28)
Sole Proprietor : What do my financials look like? (1:43)
Single-Member LLCs
Single-Member LLC : How do I pay myself? (1:45)
Single-Member LLC : How is my income taxed? (1:16)
Single-Member LLC : What do my financials look like? (1:16)
Common Questions
List of the Most Common Small Business Tax Deductions (7:21)
Tax rates for self-employed individuals (2:58)
How much should I save for income taxes? (2:38)
When are taxes due every year? (4:36)
How to make sure you're covered for ALL taxes (8:04)
What is tax-deductible and what isn't? (3:14)
Differences between the three meal categories (2:57)
How are auto expenses deducted? (4:44)
How does business use of home work? (4:11)
What is sales tax and why do I have to pay it? (1:46)
Do you have 3-6 months of operating (overhead) expenses saved in your business bank account? (4:00)
What is better? Cash or Deductions (2:43)
When do you start to pay yourself, and how much? (5:59)
Why you need books and financials (3:39)
What kind of insurance do I need? (2:56)
Tips and Tricks
Organize Your Administrative Documents (2:33)
Best Small Business Bank Accounts (3:47)
Best Accounting Software for Small Businesses (4:58)
Teach online with
Owner Draw/Distribution
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