Uploaded March 2023 | Updated September 2026, 1 week ago
If you have a small business side hustle, you likely have questions on how to file taxes for your small business side hustle. Filing taxes as a side hustle small business owner can be complex, but it is an important responsibility to ensure compliance with tax laws and to benefit from any potential tax deductions and credits.
Here are my 10 best tips, summarized, to give you a general idea on how to get started. Stay until the end, and I’ll share with you information on a great comprehensive resource, to help you to file taxes for your side hustle.
🛑 Freelancers & Side Hustlers: Simplify Your Taxes! Download My Ultimate Guide to Side Hustle Taxes Now!
noellorenzanacpa.com/opt-in-filing-taxes-and-saving-money-ebook
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/0VpMhQPM0Ak
youtu.be/KX2XTg6ERmY
Thanks for watching my video on, How to File Taxes for Your Small Business Side Hustle
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Small Business Side Hustle Tax Filing
00:56 - Tip 1. Gather your Documents
01:30 - Tip 2. Determine Your Business Structure
02:05 - Tip 3. Choose a Tax Filing Method
02:36 - Tip 4. Claim Deductions and Credits
03:04 - Tip 5. File and Pay your Taxes
03:34 - Tip 6. Keep Good Records
03:52 - Tip 7. Report All of Your Income
04:16 - Tip 8. Keep Track of Business Expenses
04:40 - Tip 9. Consider Hiring a Professional
05:02 - Tip 10. Plan for Estimated Taxes
Replay Video Link: youtu.be/ij7p2vXMsVM
#taxes #taxfiling #askanaccountant
If you have a small business side hustle, you likely have questions on how to file taxes for your small business side hustle. Filing taxes as a side hustle small business owner can be complex, but it is an important responsibility to ensure compliance with tax laws and to benefit from any potential tax deductions and credits.
Here are my 10 best tips, summarized, to give you a general idea on how to get started. Stay until the end, and I’ll share with you information on a great comprehensive resource, to help you to file taxes for your side hustle.
🛑 Freelancers & Side Hustlers: Simplify Your Taxes! Download My Ultimate Guide to Side Hustle Taxes Now!
noellorenzanacpa.com/opt-in-filing-taxes-and-saving-money-ebook
🛑 Got a Side Hustle? File Your Own Taxes Without Hiring an Expensive Accountant!
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
📘 FREE EBOOK FOR ENTREPRENEURS!
noellorenzanacpa.com/10-tips-to-simplify-your-taxes
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
Twitter: twitter.com/noelblorenzana
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/0VpMhQPM0Ak
youtu.be/KX2XTg6ERmY
Thanks for watching my video on, How to File Taxes for Your Small Business Side Hustle
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Small Business Side Hustle Tax Filing
00:56 - Tip 1. Gather your Documents
01:30 - Tip 2. Determine Your Business Structure
02:05 - Tip 3. Choose a Tax Filing Method
02:36 - Tip 4. Claim Deductions and Credits
03:04 - Tip 5. File and Pay your Taxes
03:34 - Tip 6. Keep Good Records
03:52 - Tip 7. Report All of Your Income
04:16 - Tip 8. Keep Track of Business Expenses
04:40 - Tip 9. Consider Hiring a Professional
05:02 - Tip 10. Plan for Estimated Taxes
Replay Video Link: youtu.be/ij7p2vXMsVM
#taxes #taxfiling #askanaccountant
