Know Your Worth - Accounting For Creatives

The small business owners’ simple guide to finances.

What you'll learn

The Foundation For Your Business

Creating a Usable Bookkeeping System

Taxes for Small Business Owners

Get Paid

Small Business Tax Deductions

Retirement Contributions for Small Business Owners

Income Statement

Balance Sheet

Requirements

If you own a business, you need to understand the ins and outs of your business financials. Know Your Worth makes this easy.

Description

Lesson 1 - The Foundation of Your BusinessHow do I get started? Lesson one covers the four things you need to do to make sure you start your business off on the right foot.How to choose a business structure that fits your needsTips on researching your state’s business requirementsWhether or not you need an Employer ID Number and how to get oneSetting up a separate business bank accountLesson 2 - Creating a Usable Bookkeeping SystemLesson two teaches you everything you need to know about setting up a usable bookkeeping system.Choosing and setting up a bookkeeping systemOrganizing receipts and bank statementsCategorizing transactions in your bookkeeping systemReconciling business accountsLesson 3 - Small Business TaxesWhat are my tax responsibilities as a small business owner? Lesson three will cover everything you need to know to stay on Uncle Sam's good side.How to navigate sales tax in your stateSelf-employment tax vs. income taxHow to calculate and pay quarterly estimated taxesFiling your annual tax returnLesson 4 - Get PaidWhat do I do with all of this money? Lesson four will teach you how to pay contractors, employees, and yourself!How to decide if you’ve hired an employee or contractorHow to file 1099s for contractorsHow to pay yourselfLesson 5 - Small Business DeductionsCan I deduct this? Lesson five will answer this question and give you helpful worksheets to keep your expenses organized.Types of small business deductionsHome office deduction + worksheetBusiness auto expense deduction + worksheetBusiness mileage tracking + worksheetLesson 6 - Retirement ContributionsReady to plan for your future? Lesson six will cover all of your self-employed retirement options.Self-Employed Retirement OptionsRetirement Contributions LimitsRetirement Contribution DeadlinesLesson 7 - Income StatementAre you taking home a decent income? Lesson seven will help you answer this question and assist in determining profitable price points for your business.How to Read an Income StatementGross ProfitCost of Goods SoldOperating IncomeNet IncomeLesson 8 - Balance SheetA balance sheet is a snapshot of your financial situation at a given point in time. Lesson eight will explain why this document is so important to the success of your business.How to Read a Balance SheetAssetsLiabilitiesOwner’s Equity

Overview

Section 1: The Foundation For Your Business

Lecture 1 Welcome!

Lecture 2 The Foundation of Your Business

Lecture 3 Business vs. Hobby

Lecture 4 Choose a business structure

Lecture 5 Set Yourself Up For Success

Lecture 6 State business requirements

Lecture 7 Employer ID Number

Lecture 8 Separate business bank account

Lecture 9 Accepting payments

Section 2: Creating a Usable Bookkeeping System

Lecture 10 Creating a Usable Bookkeeping System

Lecture 11 Choose a bookkeeping system

Lecture 12 Organize receipts & statements

Lecture 13 Categorize transactions

Lecture 14 Reconcile business accounts

Section 3: Small Business Taxes

Lecture 15 Small Business Taxes

Lecture 16 Sales Tax

Lecture 17 Self-employment vs. income tax

Lecture 18 Quarterly estimated taxes

Lecture 19 Annual tax return

Section 4: Get Paid

Lecture 20 Get Paid

Lecture 21 Employee vs. contractor

Lecture 22 Filing 1099s

Lecture 23 Pay employees

Lecture 24 Pay yourself

Section 5: Small Business Deductions

Lecture 25 Small Business Deductions

Lecture 26 Write-offs, deductions, expenses, etc.

Lecture 27 How to calculate tricky deductions

Section 6: Retirement Contributons

Lecture 28 Retirement Contributons

Lecture 29 Self-employed retirement

Lecture 30 Retirement Options for the S-Corp Owner

Section 7: Income Statements

Lecture 31 Income Statements

Lecture 32 How to use an income statement

Section 8: Balance Sheet

Lecture 33 Balance Sheet

Lecture 34 How to use a balance sheet

The small business owners' simple guide to finances. Membership includes instructional videos, beautiful downloadable guides, and an interactive forum that will walk you through the topics in an easy-to-understand format with an actionable checklist.