CPA Story /Question About Taxes

jaymoney20 · 08-19-2011, 03:02 AM

Early this year I joined the CPA community with the idea it would be much easier then MLM's I'd tried before. In a way it was/is in another it was the same. With one youtube video it took two months to earn the $50 to cash out. Once peerfly had sent the payment I knew this was legit and put time into learning. The following month I earned $100 this was a great feeling because I hadn't earned that much with MLM in 6 months.

Over the next three payment months (4 months total) I learned how youtube can be utilized to promote email/zip submits. Today I don't put any effort into earning $50-100 every month. That's not nearly enough to live off of but it does pay for a new video game or dinner ect I'd not have otherwise.

A few questions for you awesome warriors.

Can taxes be paid without a accountant? Since I haven't made much money throughout the year it would cost most of this years earnings to have an accountant do whatever is needed for taxes.

What information should I be keeping track of?

Can said information be written down? For example if I'd spent $500 on adwords would this need to be printed or could it be written in a book of expenses?

PPC-Coach · 08-19-2011, 10:28 AM

Yes you can file taxes without an accountant.

Keep track of all your income and all your expenses related to your business, (adwords spend). Keep receipts and invoices too.

Then file your own return if you want.

CPA's do save you a lot of money though as they know all the legal ways to minimize your tax bill and should always be sought out if you have any questions.

imback · 08-19-2011, 10:33 AM

Quote:

Originally Posted by PPC-Coach

Yes you can file taxes without an accountant.

Keep track of all your income and all your expenses related to your business, (adwords spend). Keep receipts and invoices too.

Then file your own return if you want.

CPA's do save you a lot of money though as they know all the legal ways to minimize your tax bill and should always be sought out if you have any questions.

Yep! and if you find a local they can actually be pretty inexpensive for what they do for us.

CHAD

SuccessMarketer · 08-19-2011, 04:16 PM

Simply register your business with your tax office and keep a book or excel sheet with your income and expenses incurred.

Remember that as you are working from home, there are many expenses you can try and claim back...

In my case -here in the UK- I can put down as "expenses" my mobile (cell phone) bill, landline, ink cartridges, heating and lighting in the house... etc.

Just keep it simple, follow the rules and you'll be fine

jaymoney20 · 08-20-2011, 02:54 AM

Thanks so much everyone. I'm much more confident about figuring taxes out.

08-19-2011, 03:02 AM	#1
jaymoney20 HyperActive Warrior Join Date: May 2010 Location: Limington, ME Posts: 125 Thanks: 3 Thanked 14 Times in 11 Posts Contact Info	CPA Story /Question About Taxes Early this year I joined the CPA community with the idea it would be much easier then MLM's I'd tried before. In a way it was/is in another it was the same. With one youtube video it took two months to earn the $50 to cash out. Once peerfly had sent the payment I knew this was legit and put time into learning. The following month I earned $100 this was a great feeling because I hadn't earned that much with MLM in 6 months. Over the next three payment months (4 months total) I learned how youtube can be utilized to promote email/zip submits. Today I don't put any effort into earning $50-100 every month. That's not nearly enough to live off of but it does pay for a new video game or dinner ect I'd not have otherwise. A few questions for you awesome warriors. Can taxes be paid without a accountant? Since I haven't made much money throughout the year it would cost most of this years earnings to have an accountant do whatever is needed for taxes. What information should I be keeping track of? Can said information be written down? For example if I'd spent $500 on adwords would this need to be printed or could it be written in a book of expenses?

08-19-2011, 10:28 AM	#2
PPC-Coach Senior Warrior Member War Room Member Join Date: Sep 2007 Location: , , . Posts: 2,547 Thanks: 44 Thanked 663 Times in 379 Posts	Re: CPA Story /Question About Taxes Yes you can file taxes without an accountant. Keep track of all your income and all your expenses related to your business, (adwords spend). Keep receipts and invoices too. Then file your own return if you want. CPA's do save you a lot of money though as they know all the legal ways to minimize your tax bill and should always be sought out if you have any questions.

08-19-2011, 04:16 PM	#4
SuccessMarketer HyperActive Warrior Join Date: Apr 2011 Location: UK Posts: 114 Thanks: 6 Thanked 19 Times in 18 Posts Contact Info	Re: CPA Story /Question About Taxes Simply register your business with your tax office and keep a book or excel sheet with your income and expenses incurred. Remember that as you are working from home, there are many expenses you can try and claim back... In my case -here in the UK- I can put down as "expenses" my mobile (cell phone) bill, landline, ink cartridges, heating and lighting in the house... etc. Just keep it simple, follow the rules and you'll be fine

08-20-2011, 02:54 AM	#5
jaymoney20 HyperActive Warrior Join Date: May 2010 Location: Limington, ME Posts: 125 Thanks: 3 Thanked 14 Times in 11 Posts Contact Info	Re: CPA Story /Question About Taxes Thanks so much everyone. I'm much more confident about figuring taxes out.