Uploaded March 2025 | Updated September 2026, 1 week ago
Side hustles can be a great way to earn extra income, but they also come with tax responsibilities. If you're making over $400 from self-employment, the IRS expects you to report it. But when your earnings hit five figures, things get even more complicated.
In this video, we break down:
✔️ When to consider hiring a Tax Pro
✔️ How to maximize deductions while avoiding Audits
✔️ Advanced Side Hustle Tax Planning Techniques
✔️ The benefits of having a Tax Professional
✔️ How to find the right Tax Pro for you
A tax professional can help you avoid penalties, keep more of your hard-earned money, and ensure you’re meeting IRS requirements. Whether you sell on Etsy, do freelance work, or have multiple income streams, understanding tax rules is key to keeping more of what you earn.
Stay tuned and Subscribe for more tax and side hustle tips!
💡 FULL COURSE: Mastering Your Side Hustle Taxes
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
📘 FREE Download for Freelancers & Side Hustlers: Ultimate Guide to Side Hustle Taxes!
noellorenzanacpa.com/opt-in-filing-taxes-and-saving-money-ebook
💜 Enjoy my work? Support me on Patreon!
patreon.com/noellorenzana
☕ 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/DiecQ7V6G30
youtu.be/ENcLKhZspx8
youtu.be/ZWZ4Rpmy_Ng
Thanks for watching my video on, "Why Smart Side Hustlers Hire Tax Pros?"
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 - Intro: Avoiding Tax Headaches In Your Side Hustle
00:50 - When Do You Hire a Tax Pro for Your Side Gig?
01:41 - How a Tax Pro Helps Maximize Your Savings
02:03 - Full Course: Basic Reporting to Advanced Tax-saving Strategies
02:34 - The Complexity of Side Hustle Taxes
04:32 - Avoiding Audits for Your Side Hustle Taxes
05:12 - Mixing Business & Personal Finances
06:20 - Advanced Side Hustle Tax Planning Techniques
07:44 - Qualified Business Income Deduction
08:37 - The Benefits of Hiring a Tax Professional
09:47 - How to Find a Good Tax Professional
11:06 - Final Thoughts: Why Hiring a Tax Pro Makes Your Life Easier
Replay Video Link: youtu.be/y9ezuoX5r0Q
#sidehustlepro #sidehustletips #taxprofessional
Side hustles can be a great way to earn extra income, but they also come with tax responsibilities. If you're making over $400 from self-employment, the IRS expects you to report it. But when your earnings hit five figures, things get even more complicated.
In this video, we break down:
✔️ When to consider hiring a Tax Pro
✔️ How to maximize deductions while avoiding Audits
✔️ Advanced Side Hustle Tax Planning Techniques
✔️ The benefits of having a Tax Professional
✔️ How to find the right Tax Pro for you
A tax professional can help you avoid penalties, keep more of your hard-earned money, and ensure you’re meeting IRS requirements. Whether you sell on Etsy, do freelance work, or have multiple income streams, understanding tax rules is key to keeping more of what you earn.
Stay tuned and Subscribe for more tax and side hustle tips!
💡 FULL COURSE: Mastering Your Side Hustle Taxes
noellorenzanacpa.com/how-to-file-taxes-for-your-side-hustle
📘 FREE Download for Freelancers & Side Hustlers: Ultimate Guide to Side Hustle Taxes!
noellorenzanacpa.com/opt-in-filing-taxes-and-saving-money-ebook
💜 Enjoy my work? Support me on Patreon!
patreon.com/noellorenzana
☕ 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/DiecQ7V6G30
youtu.be/ENcLKhZspx8
youtu.be/ZWZ4Rpmy_Ng
Thanks for watching my video on, "Why Smart Side Hustlers Hire Tax Pros?"
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 - Intro: Avoiding Tax Headaches In Your Side Hustle
00:50 - When Do You Hire a Tax Pro for Your Side Gig?
01:41 - How a Tax Pro Helps Maximize Your Savings
02:03 - Full Course: Basic Reporting to Advanced Tax-saving Strategies
02:34 - The Complexity of Side Hustle Taxes
04:32 - Avoiding Audits for Your Side Hustle Taxes
05:12 - Mixing Business & Personal Finances
06:20 - Advanced Side Hustle Tax Planning Techniques
07:44 - Qualified Business Income Deduction
08:37 - The Benefits of Hiring a Tax Professional
09:47 - How to Find a Good Tax Professional
11:06 - Final Thoughts: Why Hiring a Tax Pro Makes Your Life Easier
Replay Video Link: youtu.be/y9ezuoX5r0Q
#sidehustlepro #sidehustletips #taxprofessional
