Uploaded April 2024 | Updated September 2026, 1 week ago
Discover simple, expert tips on filing taxes for your side hustle with my new course. Get clear, actionable advice today! Visit here for more details: noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
Welcome to part two of our three-part series aimed at simplifying the tax puzzle for your side hustle.
In this six-minute video, I'll guide you through the nuts and bolts of tracking income and expenses for your side hustle. But that's not all! I'll also give you essential tips to audit-proof your deductions, giving you peace of mind come tax season.
If you haven't checked out part one, where we discuss reporting income and understanding deductible business costs, be sure to do so. And stay tuned for part three, where we'll round out your side hustle tax education!
🛑 Free Income and Expenses Google Spreadsheet Here!
noellorenzanacpa.com/income-expenses-spreadsheet
🛑 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
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
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
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/6AzQS9keLDo
youtu.be/ij7p2vXMsVM
youtu.be/DiecQ7V6G30
Thanks for watching my video on, Side Hustle Taxes: How to Track Income & Expenses and Audit-Proof Your Deductions (Part 2)
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 - Side Hustle Taxes Part II: Simplifying The Tax Puzzle For Your Side Hustle
01:25 - How to Best Track Income and Expenses for a Side Hustle?
03:08 - How to Audit-Proof Tax Deductions?
03:27 - Audit-Proof Deductions: Detailed Record-Keeping
03:57 - Audit-Proof Deductions: Separate Business and Personal
04:15 - Audit-Proof Deductions: Stay Educated
04:37 - Audit-Proof Deductions: Digital Backups
04:54 - Audit-Proof Deductions: Consult a Professional
05:10 - Audit-Proof Deductions: Be Honest and Reasonable
05:42 - Free Google Spreadsheet to Track Side Hustle's Income and Expenses
Replay Video Link: youtu.be/W_eEIgKiRxs
#sidehustletips #businesstaxes #smallbusinesstaxes
Discover simple, expert tips on filing taxes for your side hustle with my new course. Get clear, actionable advice today! Visit here for more details: noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
Welcome to part two of our three-part series aimed at simplifying the tax puzzle for your side hustle.
In this six-minute video, I'll guide you through the nuts and bolts of tracking income and expenses for your side hustle. But that's not all! I'll also give you essential tips to audit-proof your deductions, giving you peace of mind come tax season.
If you haven't checked out part one, where we discuss reporting income and understanding deductible business costs, be sure to do so. And stay tuned for part three, where we'll round out your side hustle tax education!
🛑 Free Income and Expenses Google Spreadsheet Here!
noellorenzanacpa.com/income-expenses-spreadsheet
🛑 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
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
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
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/6AzQS9keLDo
youtu.be/ij7p2vXMsVM
youtu.be/DiecQ7V6G30
Thanks for watching my video on, Side Hustle Taxes: How to Track Income & Expenses and Audit-Proof Your Deductions (Part 2)
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 - Side Hustle Taxes Part II: Simplifying The Tax Puzzle For Your Side Hustle
01:25 - How to Best Track Income and Expenses for a Side Hustle?
03:08 - How to Audit-Proof Tax Deductions?
03:27 - Audit-Proof Deductions: Detailed Record-Keeping
03:57 - Audit-Proof Deductions: Separate Business and Personal
04:15 - Audit-Proof Deductions: Stay Educated
04:37 - Audit-Proof Deductions: Digital Backups
04:54 - Audit-Proof Deductions: Consult a Professional
05:10 - Audit-Proof Deductions: Be Honest and Reasonable
05:42 - Free Google Spreadsheet to Track Side Hustle's Income and Expenses
Replay Video Link: youtu.be/W_eEIgKiRxs
#sidehustletips #businesstaxes #smallbusinesstaxes
