Tax & Finance 101 for Startups

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Starting your business? 🎉 Before you dive in, watch this! In this video, I’m breaking down the tax and finance essentials every startup needs to know—from a CPA with over 10 years of experience helping business owners and high-income earners across the U.S.

🚫 Don't let IRS penalties, disorganized records, or missed deductions hold you back. Whether you're forming an LLC, applying for your EIN, or trying to track expenses, I’ve got you covered step-by-step.

Disclaimer: The information provided is for general purposes and does not constitute tax, legal, or financial advice. Tax situations vary, and we recommend consulting with a qualified tax professional or attorney before taking any action. Spark Tax Services LLC is not responsible for any errors or the outcomes from using this information, and tax laws may change.

Chapters:
00:48 Do I need an LLC?
01:35 Three options to set up an LLC
02:50 EIN (Employee Identification Number)
04:34 Open a business bank account
05:17 How do I pay my estimated taxes?
06:32 Tax underpayment penalties
07:19 Deduct startup costs
08:18 Bookkeeping
09:25 Documentation
10:41 Start to build business credit
11:28 Liability protection
12:12 Billing and Invoicing