The San Francisco meetup of Unintentional Entrepreneurs was a great evening and we’re glad so many could join us. Leading the discussion was Kevin Reeth, founder of Outright.com, with a review critical, financial fundamentals of starting your own business.
As a “Business Owner” you must… Generate your own income, fund your expenses, contribute to Social Security and Medicare, track and report income and expenses, pay income taxes on your profit, pay taxes at least 4 times per year, and track and report any payments to contractors. Already overwhelmed? Don’t be. With the resources available and a quick overview at your hands, you’ll find that getting started is easier than it seems.
Take a look at Kevin’s presentation and learn what it means to be in business for yourself. Get a better grasp of how to thinking about getting paid and paying others such as independent contractors. Most importantly, understand your taxes and learn about the opportunity to reduce liabilities and ensure accuracy with deductions.
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