0:00 Intro 0:10 Business Tax Certificate 0:40 Sales tax 1:36 Income taxes 2:04 Self Employment tax 2:37 Estimated taxes 3:27 Unsecured property taxes 4:01 WHOOPS I made this mistake in my business 4:36 LLC Tax More info on... Sales Tax/seller's permit: th-cam.com/video/Y-rqM-_174E/w-d-xo.html How to get a seller's permit: th-cam.com/video/-RMyB7PKGEc/w-d-xo.html LLC vs Sole Proprietor: th-cam.com/video/ePQb0Kf8FWY/w-d-xo.html How much to set aside for self employed income taxes: th-cam.com/video/eaV2vb2N7SQ/w-d-xo.html
Just a random heads up. I called my local office and let them know that it was illegal to re-tax personal property of already taxed tangible goods that somebody already has bought and paid for in full... They agreed and they stopped sending out unsecured property tax paperwork to me, in California. It's also illegal to tax a service and to tax someone's labor. I also asked the "Federal" tax bureau to send me a copy of the Law even though it was not ratified in the year 1919 and they will not respond to any of my letters. I had all the mail duplicated stamped sent to a lawyer and also sent through A notary public as well just for good measure. On the other hand sales tax is not illegal and states do completely have the right to tax items for sale, the reason is because if you do not agree with that tax level you can simply not buy the product. If all these taxes were completely legitimate we would basically be living in a more modern version of slavery this would equate to a huge percentage of your labor/income. Not trying to step on your toes just throwing out a little information that I've learned through time while doing business for about 30 years. 👍😁✌ Also you may go into this more in detail on other videos I'm not sure this is the first video I saw of yours but it might be good for business people also to know that if they're selling to people that are going to be reselling products they do not have to collect tax for the state. For instance I was a screen printer a long time ago and many of the bands and businesses were going to be reselling the garments that we created so we legally did not have to collect tax from them to give to the state it was up to them call my they just have to show you a copy of there Wholesale permit or give you a tax license or tax ID. 👍
thanks for the info. I am having to pay CA franchaise during the 3 years of pendanmic, which there is no business. I wanted to know how to pay back the taxes. Thanks
Some services are subject to sales tax such as service that results in the creation of a final tangible product. Look up your specific industry on the CDTFa website
@@ginnysilver great!!!....this is an issue of interest for many in the creative world. And very interested in how you re-couped! (congratulations on that!) Standing by.......
Hello do you talk about e-commerce taxes in California, from Federal, State, City, and sales taxes, am I missing something.. so ridiculous lol too many taxes
There are differences with "e commerce taxes" specifically, but types of taxes an e commerce business would have to pay are all that are mentioned in this video - federal and state income tax, self employment tax, and sales tax which are all mentioned in this video and others on my channel
Awesome video, thank you so much!! With regards to the "Unsecured Property Tax" - let's say you only have literally less than a handful of such taxable property - a smartphone, and a printer for example. Would they be repeatedly taxed, year after year? I'm in California, Nevada County, and I got a form in the mail from the county requesting declaration of my biz equipment, how much each item cost, etc. I was shocked AND pissed. I mean, I purchase these items, I ALREADY paid sales tax for them, and then the county has the audacity to tax them AGAIN, pay MORE tax for them..... incredible. Yep, over-tax and screw all of us "peasant" small biz owners, so that the likes of Bill Gates, Elon Musk, Jeff Bezos, etc, etc pay little to nothing in taxes - hence the rich get richer while the rest of us become poorer and poorer.
Just a random heads up. I called my local office and let them know that it was illegal to re-tax personal property of already taxed tangible goods that somebody already has bought and paid for in full... They agreed and they stopped sending out unsecured property tax paperwork to me, in California. It's also illegal to tax a service and to tax someone's labor. I also asked the "Federal" tax bureau to send me a copy of the Law even though it was not ratified in the year 1919 and they will not respond to any of my letters. I had all the mail duplicated stamped sent to a lawyer and also sent through A notary public as well just for good measure. On the other hand sales tax is not illegal and states do completely have the right to tax items for sale, the reason is because if you do not agree with that tax level you can simply not buy the product. If all these taxes were completely legitimate we would basically be living in a more modern version of slavery this would equate to a huge percentage of your labor/income. Not trying to step on your toes just throwing out a little information that I've learned through time while doing business for about 30 years. 👍😁✌ Also you may go into this more in detail on other videos I'm not sure this is the first video I saw of yours but it might be good for business people also to know that if they're selling to people that are going to be reselling products they do not have to collect tax for the state. For instance I was a screen printer a long time ago and many of the bands and businesses were going to be reselling the garments that we created so we legally did not have to collect tax from them to give to the state it was up to them call my they just have to show you a copy of there Wholesale permit or give you a tax license or tax ID. 👍
Marketing is a service and not a tangible product you do not need to collect taxes on the product at all. You will have to pay income taxes in California state unfortunately but make sure and keep all your right off and claim every single thing you can it counts directly against the final amount that you have to pay the government. 👍😁✌ Business owner of 30 years successful.
0:00 Intro
0:10 Business Tax Certificate
0:40 Sales tax
1:36 Income taxes
2:04 Self Employment tax
2:37 Estimated taxes
3:27 Unsecured property taxes
4:01 WHOOPS I made this mistake in my business
4:36 LLC Tax
More info on...
Sales Tax/seller's permit: th-cam.com/video/Y-rqM-_174E/w-d-xo.html
How to get a seller's permit: th-cam.com/video/-RMyB7PKGEc/w-d-xo.html
LLC vs Sole Proprietor: th-cam.com/video/ePQb0Kf8FWY/w-d-xo.html
How much to set aside for self employed income taxes: th-cam.com/video/eaV2vb2N7SQ/w-d-xo.html
Just a random heads up. I called my local office and let them know that it was illegal to re-tax personal property of already taxed tangible goods that somebody already has bought and paid for in full... They agreed and they stopped sending out unsecured property tax paperwork to me, in California. It's also illegal to tax a service and to tax someone's labor. I also asked the "Federal" tax bureau to send me a copy of the Law even though it was not ratified in the year 1919 and they will not respond to any of my letters. I had all the mail duplicated stamped sent to a lawyer and also sent through A notary public as well just for good measure. On the other hand sales tax is not illegal and states do completely have the right to tax items for sale, the reason is because if you do not agree with that tax level you can simply not buy the product. If all these taxes were completely legitimate we would basically be living in a more modern version of slavery this would equate to a huge percentage of your labor/income. Not trying to step on your toes just throwing out a little information that I've learned through time while doing business for about 30 years. 👍😁✌ Also you may go into this more in detail on other videos I'm not sure this is the first video I saw of yours but it might be good for business people also to know that if they're selling to people that are going to be reselling products they do not have to collect tax for the state. For instance I was a screen printer a long time ago and many of the bands and businesses were going to be reselling the garments that we created so we legally did not have to collect tax from them to give to the state it was up to them call my they just have to show you a copy of there Wholesale permit or give you a tax license or tax ID. 👍
Taxes, taxes, taxes. 💸💸💸
Thanks for the info, Ginny. 💚
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thanks for the info. I am having to pay CA franchaise during the 3 years of pendanmic, which there is no business. I wanted to know how to pay back the taxes. Thanks
Correct you must pay the LLC tax every year regardless of your income. Visit FTB.ca.gov and you can pay online or call them for assistance
How about service based business do I need to do sales report?
Some services are subject to sales tax such as service that results in the creation of a final tangible product. Look up your specific industry on the CDTFa website
Youre the best! Also, please do a vid on copyrights/plagiarism! Too many people steal my art!
Yes!
I was planning on it actually - I've recouped $ from some big brands who distributed my work without permission.
@@ginnysilver great!!!....this is an issue of interest for many in the creative world. And very interested in how you re-couped! (congratulations on that!)
Standing by.......
Hello do you talk about e-commerce taxes in California, from Federal, State, City, and sales taxes, am I missing something.. so ridiculous lol too many taxes
There are differences with "e commerce taxes" specifically, but types of taxes an e commerce business would have to pay are all that are mentioned in this video - federal and state income tax, self employment tax, and sales tax which are all mentioned in this video and others on my channel
New desk perch!....evolution is happening....looks nice.
It's the same haha but thanks
@@ginnysilver then, just know I like it!.....
Awesome video, thank you so much!!
With regards to the "Unsecured Property Tax" - let's say you only have literally less than a handful of such taxable property - a smartphone, and a printer for example. Would they be repeatedly taxed, year after year?
I'm in California, Nevada County, and I got a form in the mail from the county requesting declaration of my biz equipment, how much each item cost, etc.
I was shocked AND pissed. I mean, I purchase these items, I ALREADY paid sales tax for them, and then the county has the audacity to tax them AGAIN, pay MORE tax for them..... incredible.
Yep, over-tax and screw all of us "peasant" small biz owners, so that the likes of Bill Gates, Elon Musk, Jeff Bezos, etc, etc pay little to nothing in taxes - hence the rich get richer while the rest of us become poorer and poorer.
Just a random heads up. I called my local office and let them know that it was illegal to re-tax personal property of already taxed tangible goods that somebody already has bought and paid for in full... They agreed and they stopped sending out unsecured property tax paperwork to me, in California. It's also illegal to tax a service and to tax someone's labor. I also asked the "Federal" tax bureau to send me a copy of the Law even though it was not ratified in the year 1919 and they will not respond to any of my letters. I had all the mail duplicated stamped sent to a lawyer and also sent through A notary public as well just for good measure. On the other hand sales tax is not illegal and states do completely have the right to tax items for sale, the reason is because if you do not agree with that tax level you can simply not buy the product. If all these taxes were completely legitimate we would basically be living in a more modern version of slavery this would equate to a huge percentage of your labor/income. Not trying to step on your toes just throwing out a little information that I've learned through time while doing business for about 30 years. 👍😁✌ Also you may go into this more in detail on other videos I'm not sure this is the first video I saw of yours but it might be good for business people also to know that if they're selling to people that are going to be reselling products they do not have to collect tax for the state. For instance I was a screen printer a long time ago and many of the bands and businesses were going to be reselling the garments that we created so we legally did not have to collect tax from them to give to the state it was up to them call my they just have to show you a copy of there Wholesale permit or give you a tax license or tax ID. 👍
How much taxes do someone have to pay who runs a marketing agency and lives in california?
Marketing is a service and not a tangible product you do not need to collect taxes on the product at all. You will have to pay income taxes in California state unfortunately but make sure and keep all your right off and claim every single thing you can it counts directly against the final amount that you have to pay the government. 👍😁✌ Business owner of 30 years successful.
Hello 👋
Hi!!
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Hope you are well!
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Can you make a video on how to start a TH-cam channel? 🫠
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