It was really refreshing taking the last week to vanlife around SoCal. We must all take some “me” time and get away from our normal day to day routine.
I am back to doing consultations and classes. I do have availability next week if you’d like to set yours up! 🤑
I’ve been road tripping around SoCal the past week. Will be back to normal programming later this week.
Until then, here is a shot I took of @yourtinylittlespitfire and @arson 😈
AUDIT TIP:
Organize the content you are making by date. Use your content as proof for your business expenses.
You want to be able to justify your expenses such as travel. In the slim chance you get audited by the IRS, be prepared to show your proof.
Set your self up to avoid a major headache and stay organized!
Are your financials organized in-order to manage quarterly taxes and file next year for 2021?
2021-04-20 17:09:50 +0000 UTC View PostHappy 420 to all my stoners 💨
Go say hi to your favorite 420 babe @mbeyer54
Have you been putting off your taxes?
Not going to be able to file by May 17th?
I do not suggest doing so, but you can file an extension. This does add some additional work for you, although it will give you until October to file.
Here’s how you can file an extension:
https://www.cnet.com/personal-finance/tax-deadline-is-weeks-away-heres-how-to-file-a-tax-extension-if-you-need-more-time/
Make sure to track your car mileage monthly!
When using your vehicle and mileage as a tax deduction, you want to find a percentage of how often you use your car for business use VS personal use throughout the year.
Write down your odometer reading every month and the mileage usage for each business related drive. Using this info, you’ll be able to calculate your business usage of your vehicle.
BTS with the beautiful @dallasemaxx @yourtinylittlespitfire and @arson
Go say hi to these babes and DM me to see more from this shoot 😈
UPDATE:
You have until May 17th to contribute funds into your 2020 Traditional IRA.🤑
If you are going to owe thousands of dollars in taxes this is a great way to lower that amount by up to $7000 and invest in your future.
Same goes for 2021 when you go to file next year.
Here is the video explaining how to do so😁
https://onlyfans.com/133937567/hefhughner
Happy Hump Day 🍑😁
🐰 - @dallasemaxx
Sending positive vibes to you all. I hope you take the rest of the week to be productive and grow, both personally and financially.
If you’re in need of pictures/videos or other creators to work with, shoot me a DM.
Friendly reminder that you have until April 15th to contribute 2020 earnings into your Traditional IRA.
Check out my last video to see how to do so!
How can I lower the amount of taxes that I'll owe this year?🤑🤑🤑
The answer is investing into your future with a Traditional IRA.
In this video I explain what a Traditional IRA is and how to set one up using vanguard.com.
You can invest up to $7k annually into your Traditional IRA and defer that from your taxes for the current year. You will only be taxed on your earnings when you decide to withdraw the funds.
Keep your money in your pocket and let it grow!
Let me know your thoughts in the comments.
@dallasemaxx snapped this Polaroid of @annaachambers and I yesterday.
She’s a homie from the East Coast and is killing the adult content game! You’re going to want to sub to her page 😈
How much do you owe for your Estimated Quarterly Tax?
Make sure you deduct your expenses from your quarterly income to avoid over paying.
Here is a calculator to help you figure how much the IRS expects you to pay for Jan 1st - Mar 31st 2021.
https://www.keepertax.com/quarterly-tax-calculator
Haven’t set up your free tax/financial consultation yet?
I guarantee you’ll feel much better about your OF financials and taxes after our chat. What are you waiting for?🤑
I am here to make sure all of my “bunnies” earn what they deserve and do not over pay Uncle Sam. 🐰
Let me know when you’re ready!
I have suggested that as a small business owner, you should open a credit card for ONLY business expenses.
In this video, I explain how to use the Annual Account Summary tool to view your deductions when it comes time to file your taxes.
Feel free to reach out with questions!
FAQ:
Do I have to pay tax on the 20% that OF takes from me?
No, you are responsible to pay tax on the number that hits your account which is your NET INCOME.
Your NET INCOME - BUSINESS DEDUCTIONS = PROFIT.
You only pay tax on your PROFIT.
Happy Hump Day!
Have you met @mbeyer54? 🌬
She’s the Queen of 420 babes. Go show her page some love.
Did you know your WiFi and phone bill are tax deductions?
There is some math involved... we do use our phone and WiFi for personal use as well as business use, so you must figure out a % you use them for business vs. personal use. You then take that % of your bill and that is what you can write off.
If you use your phone 100% for business then you can write off 100% of that lines monthly bill.
Another beautiful shot from our Shag Chateau shoot
Go show these babes some love
@dallasemaxx @stephinspace @ccflight @caitlynsway @anikawilmore @yourtinylittlespitfire
Are you sinking thousands of dollars into rent each year?
As you grow your business, consider purchasing a house/property. It comes with many tax deductions (and you’ll stop paying someone else’s mortgage/property tax).
Quarterly Estimated Taxes are due April 15th.
This is based on your earnings from Jan 1 - March 31 2021
If you are on track to owe the IRS at least $1000 in taxes you are eligible to pay. For more info on how you can estimate this number and how to pay, ask in the comments.
Also here is a link to a solid read about estimate quarterly taxes:
https://blog.turbotax.intuit.com/self-employed/self-employed-dont-forget-about-the-estimated-tax-deadline-19852/
Would you join us for a smoke sesh? 💨
@mbeyer54 @dallasemaxx 😻😻
Good Morning small business owners!🤑
If you haven’t already, apply for a business credit card which you will use solely to purchase all of your business expenses (tax deductions). This card statement will help you track of them.
Choose a card with reward points that are valuable to you (cash back, airline miles, etc.) 💰✈️
Did you know the credit card interest accrual, and yearly memberships are tax deductions?
What are you waiting for??
Here is a list of 12 of the best options for small business owners for April 2021 and all their benefits
https://www.nerdwallet.com/best/credit-cards/small-business
@ccflight captured this beautiful shot of @dallasemaxx and I on film
Her content is top notch I highly suggest you pay her a visit 😻
I was smoking dabs with @mbeyer54 and we decided to shoot a little video🌬
Go show her page some love 😻🧨
NEW ONLYFANS USERS -
I highly suggest investing your earnings back into your business.
Organize your monthly income and business expenses so you can gear how much you should spend to lower your taxable income.
Travel expenses are another great way to lower your taxable income (if you are traveling for business purposes, including making content).
If you need assistance doing so, let’s set up your consultation!
😋😋😋
https://onlyfans.com/129692466/dallasemaxx
Happy HUMP Day 🍑
Here is a shot I took of @caitlynswayfree for her SwayMag Bikini Try-on video.
If you haven’t already checked out her page what are you waiting for??
The more 💰 you spend on your business the less you have to pay the IRS.
You should be figuring your taxes out on a monthly basis and have a clear understanding of what you will owe.
Do you see you’re going to owe a hefty amount? Go buy that new camera, laptop, lighting equipment etc. (All tax deductible)
Don’t have health insurance? Get enrolled, your premiums are tax deductible.
Your 💰 is best kept within your business!
