X.Tax Business Tax Filing

In this video, I go over six common tax mistakes that small business owners make when trying to save on business tax with an S-corporation. These common tax mistakes can lead to significant tax penalties and interest, negating any planned savings. I'll also discuss the importance of proper payroll and s corp salary practices to avoid issues. Get the full S-corporation Workshop and Checklist here: https://www.amandarussell.mba/scorpmistakes Join the Tax Saving Strategies With the S-corporation here: https://www.amandarussell.mba/scorpcourse OTHER TOOLS: Check out a new DIY Tax Software - X.Tax here: https://x.tax/?utm_source=influencer&utm_medium=video&utm_campaign=bfcoach Coupon code: Amanda15 If you want your taxes done for you, see here: https://partners.taxfyle.com/businesstaxes Get my spreadsheets and help with organizing your finances so that tax time is easy! https://www.amandarussell.mba/myatdwyregistration OTHER VIDEOS YOU MIGHT LIKE: - 1120-S Form Walkthrough https://youtu.be/MBQ5pMVywKI - How to DIY Business Taxes (TurboTax vs TaxAct vs X.Tax) https://youtu.be/zLZZI0QhNHI - How to E-file a 1120S in Tax Act: https://youtu.be/QCjqrIrageY - Entering a 1065 in X.Tax Step-by-step: https://youtu.be/UAz628aSKcI - Quickbooks vs. Xero vs. Wave vs. Sage vs. Freshbooks vs. Spreadsheets - How to Choose Accounting Software: https://youtu.be/NkGsn1QX1QI - The Balance Sheet Explained In Simple Terms: https://youtu.be/hFkSaC8b8iM - How to File A Business Tax Extension For FREE: https://youtu.be/vQes9H_xpL0 - How to E-file form 1099-NEC (Plus, the answers to common questions): https://youtu.be/H1uE7-TNJDs?si=rlq-9QiCvOuSZ5jc How do you know if you need to pay Quarterly Estimated Taxes: https://youtu.be/mwtIpBRSdwM?si=G_Nv-k-zouRd8-5t Why Google Sheets Is Awesome & How to Use It: https://youtu.be/FUPDAQoBLPQ?si=gIfe0u-GlmcvXuMw How Does the S-corp Save You Money: https://youtu.be/1fjhuqbSoAI?si=mYZEQRpKXwTs-4QC PAYROLL VIDEOS: How to File Payroll Quarterly Forms 941s: https://youtu.be/lyMThQUdA6M?si=tW_aJ9QUlnenn7EH How to File Payroll Unemployment Form 940 FUTA: https://youtu.be/yLbO_SMwCdw?si=tCPmvWudUGFh8Qsw Taking the Employee Retention Tax Credit: https://youtu.be/9jq89m40ar0?si=ojv49TpM0MaLD4rl How to E-file your W-2s to Employees or S-corp Owners https://youtu.be/JRiXxfMulf0