The Real Cost of Getting Your Business Taxes Wrong

✅ Special Xero offer: Get 90% off for 6 months using this link: https://referrals.xero.com/GeorgeV_Xerohowto . Terms & Conditions apply.* In this video, we’re breaking down business taxes for beginners to help you organize your finances without the stress. We’ll cover the "Big Four" tax obligations, including self-employment tax and sales tax, and clarify the difference between LLCs vs. Sole Proprietorships. We also show you how to automate your bookkeeping using Xero to easily track expenses and maximize your tax deductions (write-offs). Whether you’re a freelancer, independent contractor, or small business owner, this guide will help you manage quarterly estimated taxes and build a system that keeps you IRS-compliant year-round. 👋🏼 Work with me: https://vlasyev.com ✌🏽 My website: https://georgevlasyev.com 🚀 My affiliate marketing course: https://georgevlasyev.com/academy 💌 My newsletter: https://georgevlasyev.com/resources 🌍 My Instagram: https://instagram.com/georgevlasyev Timestamps: 00:00 Intro 00:34 Principle 1: The Golden Rule of Separation 01:38 Principle 2: The Structure Blueprint 02:22 Principle 3: The "Big Four" Taxes 03:28 The Xero Integration 04:48 Principle 4: The Art of the "Write-Off" 05:45 Principle 5: The Calendar Trap 06:56 Conclusion 📄 Disclosure Some of the links are affiliate links. If you make a purchase through them, we earn a small commission at no extra cost to you. This helps us keep our videos free for everyone.