Taxes for Freelance Developers – Full Course

Taxes for Freelance Developers – Full Course
A discussion of why proper tax management is crucial for freelancers and self-employed developers who wish to get ahead financially.

A discussion of why proper tax management is crucial for freelancers and self-employed developers who wish to get ahead financially. This video discusses core tax concepts, the taxation of various business structures, deductions, making one’s payments, as well as state and local taxation. The advice is mainly applicable to people in the United States.

⭐️ Course Contents ⭐️
⌨️ (0:00) Introduction
⌨️ (4:56) Why You Must Be Mindful Of Your Taxes

  • Discussion of how taxes impact your financial standing
  • Discussion of how most people aren’t mindful of tax management
    ⌨️ (9:32) Core Tax Concepts
  • Differences between “revenue” and “income”
  • How individuals & different business entities are taxed – Overview
  • Levels of taxation – federal, state, local
  • The difference between taxes paid, and taxes paid in during the year
    ⌨️ (25:49) How Different Business Structures Are Taxed
  • Understanding the Qualified Business Income Deduction – QBI
  • Taxation of sole proprietorships
  • Taxation of Limited Liability Companies
  • Taxation of S Corporations
    ⌨️ (37:34) Understanding & Maximizing Tax Deductions
  • Understanding deductions
  • Common deductions
  • Deductions commonly missed
  • Tax benefits of retirement savings
    ⌨️ (56:33) Making Tax Payments During The Year
  • Making estimated tax payments
  • Problems with “overpaying” during the year
    ⌨️ (1:03:25) Where You Live Impacts Your Tax Bill
  • State & local tax considerations

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