Not Your Dad’s CPA – Reseller Tax Academy

Description

Not Your Dad’s CPA – Reseller Tax Academy

Here’s What You Might Not Know
Optimizing your tax situation will often produce a direct positive impact on your time, your business profitability, and even your health.
INCREASE YOUR PROFITABILITY
The real value comes from educating yourself about how to optimize your tax situation and not get caught in a downward cycle of procrastination.

FIND EXTRA TIME
In this program, we discuss not only how to clean up a tax mess but also the simple ways to avoid finding yourself in that position again.

BOOST YOUR CONFIDENCE
No more wondering if you can do this or that, because you’ll have knowledge that will give you confidence.

FEEL HEALTHIER
The relief that comes from knowing your finances are in order can work wonders for your how you feel, and in turn have a significantly positive effect on your business.

SAVE MORE MONEY
The increased confidence and extra time you’ll find will allow you to focus on what you’re good at, leading to positive growth and more dollars in your wallet.

Reseller Tax Academy Course Overview
What’s Inside Reseller Tax Academy
Module 1 – Introduction to Taxes
Connecting Taxes Directly to Your Success
Now that you are ready to turn this thing around, it’s important to understand how integrally connected taxes are to your overall success.

Here, you’ll more fully understand the importance of tax planning for your business and be motivated and empowered to take your business to the next level through optimizing your taxes.

Whether you work with a professional or are more of a do-it-yourself type, this module will help break it all down to help you validate which course of action will help your business attain maximum results.

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Module Highlights

Understand how taxes relate directly to your ultimate goals.
Learn about the resources you can use to optimize your business without spending a fortune.
Download my Questions to ask a CPA cheat sheet, and ensure you are getting the right kind of help.
Module 2 – Tax Basics for Online Sellers
Laying Your Basic Tax Foundation
Now that you’ve caught the vision of just how much of a positive impact getting your tax ducks in a row can have, we continue to lay the foundation with the basic tax building blocks.

You’ll gain an understanding of which taxes you’re subject to, how they fit together with your business, and how to avoid surprises.

Most new resellers have a rude awakening at tax time. This is the module that teaches you how to steer clear of those shocking moments.

Module Highlights

Connect the dots from income tax to self-employment tax to avoid surprises,
Learn how sales tax affects you and how to manage it.
Understand what your tax responsibilities are during the year and how to easily check them off your list.
Module 3 – Getting Started – Assessing Your Current State
Evaluating Where You Are Now
Looking at your business through the lens of your new foundation will allow you to truly assess the current financial and tax state of your business.

You will consider aspects of your business you may not have thought about before.

Once you have a solid grasp on where your business is, you’ll have a clearer vision of what you need to do to get to where you need to be.

Module Highlights

Learn to distinguish a “hobby” from a “business” and see which is more beneficial for you.
See what it truly means to “set up a business” and how to do it correctly.Get a preview of the power that comes from knowing your numbers
Get a preview of the power that comes from knowing your numbers.
Module 4 – The Optimal Structure for Your Business
Determining the Best Business Structure
Business entity structure plays an important role in maximizing your reselling business potential. The misinformation on this topic is abundant, and in this module we will methodically drill down into the detail of each relevant type of business entity that you should consider.

Resellers leave massive savings opportunities on the table by not structuring their business properly, and this module will ensure that you are not one of them.

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Module Highlights

Discover how to protect yourself with an LLC and if you need one.
Gain an understanding of the benefits and misconceptions surrounding S corporations.
Learn how to organize multiple businesses.
Module 5 – Inventory
Learning How to Deal with Your Inventory
There’s no getting around having to account for your inventory in this business.

Here, you’ll become an expert on how to deduct inventory, how to track inventory, and we’ll tackle the misconceptions surrounding inventory. You’ll come of out of it feeling confident about (rather than feeling like running away from) accounting for your inventory.

Module Highlights

Deduct & track all of your inventory properly to stay compliant and for maximum visibility.
Account for all of those personal items you sell and learn how to leverage them to reduce your tax bill.
Manage inventory donations and how to deduct them properly.
Module 6 – Deductions You Need to Know
Maximizing Your Business Deductions
Deductions are not the only piece to the tax optimization puzzle, but they are a significant one.

Resellers lose out on so much money because they either aren’t claiming all of the deductions they’re entitled to or they aren’t doing so correctly.

In this module, we dive in to the deductions that are absolutely crucial for resellers to know about and then some.

Module Highlights

Learn how to take advantage of the QBI deduction (worth 20% of your profit!).
Discover the truth about the home office deduction and how to maximize it.
Understand how to track and deduct mileage, meals, travel, and other common reseller deductions.
Module 7 – Cleaning Up a Tax Mess
Sorting Out Your Current Tax State of Affairs
You’ve now acquired essential tools that will enable you to build a future of financial efficiency and savings. But what about the mess that’s been accumulated up until now?

Get Not Your Dad’s CPA – Reseller Tax Academy download

You definitely don’t want financial mistakes or tax errors coming back to bite you.

In this module, we’ll again put your mind at ease by dispelling the myth that the IRS is out to get you, and show you simple steps you can take to make those messy years go away.

Module Highlights

Secure peace of mind by reframing how you think about the IRS.
Learn the truth about IRS audits and how to be ready for them.
Implement simple proactive (rather than reactive) tax strategies anyone can use.
Module 8 – Knowing Your Numbers
Keeping Your Numbers at the Forefront
You’ve heard the saying “garbage in, garbage out.” You can’t do much tax optimizing if the numbers are a disaster. We need to get those books in order!

Accurate accounting is the foundation to successful tax planning and optimization. Being familiar with your numbers is ground zero for being confident in your business.

When you don’t know your numbers, you feel lost. You think you’re making money, or at least you hope you are. And it’s not just about knowing if you are profitable or not. Knowing your numbers opens the potential for all kinds of beneficial decision making.

Module Highlights

Follow the basics of where to start with bookkeeping setup and day-to-day operation.
Track and review your numbers for maximum insight into what’s driving your business.
Analyze your business trends, make decisions based on that information, and the follow through by taking action.
Module 9 – Putting it All Together
Combining Everything You’ve Learned and Taking Action
There are many moving pieces to efficiently and effectively optimizing your business for long-term financial and tax savings.

In this module, we put it all together using a step-by-step road map you can follow to jump into action on your way to being fully optimized, paired with that tranquil peace of mind that has been so elusive until now.

Module Highlights

Use my Getting Started Checklist to get you started on your way to being properly organized and fully optimized.
Internalize the steps you can take right now, and see them in the context of the bigger picture.

Get Not Your Dad’s CPA – Reseller Tax Academy download