SELF-EMPLOYED TAX TIPS | HOW I TRACK MY EXPENSES | SOLO ESTHETICIAN **GIVEAWAY WINNER**

Hey Guys! Welcome back. This video is all about Self-Employed Tax Tips and How I Track My Expenses. I am a Solo Esthetician, which means no one to manage my finances. I’ve had to develop my own method to stay on top of setting aside money for taxes and expenses. I really hope this helps you stay organized for 2021 and gives you an idea of what I did for this year’s tax filing. Comment below with any questions you might have! Like this video and subscribe to my channel. I post new content every MONDAY night! See you next week.
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[@kristenmarieco]

MOMS! Another tax write off I was advised about was any childcare expenses. SO helpful! Thought I would share :)

[@jamesondominik8662]

i know I am kinda randomly asking but does anyone know of a good place to watch new series online ?

[@anthonyedison2388]

@Jameson Dominik i use Flixzone. You can find it on google :)

[@KIMFORTI]

Can you do a video on liability insurance? I am getting close to graduating and want to make sure I am ready to go ASAP! :) Thank you!

[@roxburychick]

i would highly recommend ASCP! its a great company.

[@kmccheesy]

Been obsessed with your channel lately! I am currently looking to start school soon and your content is so helpful and encouraging! 28 and changing my career choice is a bit daunting but I couldn’t be more excited!

[@kristinamorales4317]

Stop saying taxes aren't fun!!! I'm a total nerd and loved this video! So helpful!

[@Asiafe]

This is exactly the information I was looking for and this was so freakin helpful!! I’m about to open up my nail business soon and this helps me prepare for what I should be doing weekly and how to organize myself, thanks so much for the info ❤️❤️❤️

[@Simplyplanning]

This was so helpful. Thank you. I have my DBA and a sole proprietor. I don't have to get a tax ID unless I'm a LLC like you said. I got my DBA so that I could get a business loan after 2 years of working as an Esthetician. All the DBA does is give you rights to your business name.

[@kristenmarieco]

So glad it helped! Yeah that was something I talked to my tax guy about after this video and I will be getting a DBA soon! Thanks for watching.

[@a.wallbeauty3634]

Just opened my studio last month and I have been stressing about all of this so, thank you! So helpful.

[@TheBarrLife]

Could you do a video on explaining how to fill out sales tax form? Every state is different but just in general.

[@CarolinaAVelez]

Hi, not tax related but can you share where you get your uniform tops.

[@kaytarracorrea25]

I applied for an llc before I opened and it was actually really easy, I used incfile. I did that because IF I do get sued I'm safe cause I'm going to be working out if my house

[@melissafernandez2352]

Love your hair! And sooo instructional....keep them coming! So good and practical all that you share!

[@justcarinaily]

Thank you! Loved this video! So much inspiration to not neglect the small tedious tasks that are necessary.

[@valeriabarraza3142]

Just wanted to say thanks it was very helpful I leave separating my taxes aside for months, but going to try the quick books

[@CrystalDeni]

I would love to see a video on your business plan! I'm in the mode of getting my paperwork together. If you could share your business plan and how you put together your operating agreement that would be amazing.

[@ButterflyArtistry]

This video was veryyy helpful! Thank you so much for making this video! 🔥💜😁 I love your hair too btw!

[@abbyabby1632]

Hi Kristen! I was wondering if you could do a video on attending esthetician school as a mom. I'm expecting my first baby in June and have decided to go back to school once he's born and I really don't know what to expect. Love your content, you're helping so many of us aspiring esthetician's out here❤️

[@chasityroberts5414]

This helped a lot! Thanks!

[@mistylynn6971]

You are amazing!!! You answered 90% of my questions in 1 video. Thank you for sharing your knowledge.

[@kristenmarieco]

Of course! Thanks so much for watching. What was the other 10% of questions you had? Lol

[@mistylynn6971]

@@kristenmarieco Did you start solo straight out of school? & if so, did you become a Sole Prop right away or once you started having established clientele

[@teresa0791]

@@kristenmarieco as a sole prop how do you pay your self?

[@Independentlash]

It is literally the best feeling having that $ put aside!!!

[@yourlashtherapist8241]

SO helpful. Thank you so much for this!! I’m feeling more at ease with this upcoming tax year!

[@KayMAnd01]

Ahhhh! So glad I found this video!! It was so much help.

[@inez837]

Hair looks great! Looks great on Cam! Thanks for sharing, devil is in the details.

[@PeaceLoveeNSN]

Do you have any videos regarding how you actually went about opening your own business? I have so many questions about things like esthetician insurance, building a clientele, starting a business and how to get through the days or months where business is slow, how expensive it was to open your own spa/rent your own space/etc 😭 I feel so lost

[@JustMeKortne]

Hey girl you do have to use your business debit card to purchase supplies and use that to write off or if you don’t have enough funds in your business bank account can you use your personal account to buy supplies and write it off? I’m starting out new and I have no clue what I’m doing.

[@vanessacruz265]

What major bank did you decide to go with for the business debit/card account?

[@MamaFreebird210]

I would like to know also.

[@daniellamoore8813]

this was amazing, im a braider so this helps so much.

[@vondee17]

Thank you so much for this video! This is the best!

[@shampagne16]

Thank you for this video! It’s so helpful 😭💕

[@rico359]

Are you not paying your taxes Quarterly. I think is easier to paid federal state and local quarterly.

[@nattylovee]

I'm a solo esthetician in NY and I find all of your videos superrr helpful! Thank you so much! Question: Do you deposit all of your cash into your business account? Or is the point to not deposit it and just hold on to the cash so there is no record of it?

[@yessaventuras9851]

It will better to deposit because at the end you business need utility of the year and if you have plans for the future to get loan . That will help you !

[@lillipeters4065]

Can you show what your quickbooks looks like? I’ve been doing everything by hand the last 4 years and not sure how to input my daily incomes…

[@DANIELLEMARRIEE]

Omg i love your hair!!!

[@dramirez9162]

Thank you for this info. It was very helpful 💕

[@tatib1558]

Hello, this was very helpful 💜

[@tiffanykeys5954]

Should I make a business cash app/ venmo to keep it separate from my personal?

[@daniellewarmoth5342]

So I'm still in school but I've purchased some products and equipment. Once I become an official business am I able to write those off? I didn't know if there was anything that you purchased ahead of time for your business that you were able to write off.

[@sasheamari]

Thank you ! This video has been very helpful .. such a shame that all the tax talk etc is tailored to the US ! I’m a hairstyle in the UK .. nevertheless very helpful ( I’m also a sole trader)

[@ashleybell8936]

Would u recommend being a sole proprietor if you are not hiring anyone to work with you or anyone that you have to pay to do you jobs

[@Angel2992]

Very helpful! Thank you!

[@AlexandriaZoe]

❤ Thank you

[@ericanaomi.nailz_]

how do you keep receipts for products you order online? do you screenshot confirmation emails? 😭

[@sarinamontoya3638]

Hey girl! Question. Do you only have a business account or do you have a business and a personal? Just seems easier to only have a business that way you don’t have to transfer money for personal expenses.

[@mebestlife888]

🌴🌺 Thanks for all the info!! Congrats to the winner!!!!!

[@sunshree6307]

You look beautiful in this hair style. 😍 you should keep it

[@stephglam3135]

Very helpful! Thank you!!

[@chaleemendoza3272]

Do you only do quarterly taxes if you sell retail?

[@Dopegalkay]

Liked and saved!

[@alexisvilla4597]

What kind of bookkeeping do you use?

[@RDIANGAR123]

How did you get your business license? I’m having such a hard time. I’m a solo esthetician

[@saraweems2249]

Hi Kristen, if you have quickbooks do you also need to have an excel spreadsheet? What’s the difference?

[@officiallyiamwhitney]

You should be claiming your cash especially if you are aiming to buy a home, self employment income is not looked at the same for those with businesses trying to by a home, you also should not be writing off all these expense so you can qualify for your home

[@nanalaureano9229]

Wish u would answer more of our questions

[@kristenmarieco]

I’ve done 6 Q&A videos! Check them out kzbin.info/aero/PL3IuPDXmoOnAQZMPndl7dWtN_OoR0XevN hope it’s helpful 😉

[@ambivertam396]

Also, if you already made the decision to get an LLC without the proper knowledge of sole proprietorship, do you recommend still getting one ?

[@deeasomugha4512]

I think I missed it dio when opening a business and you want to open a bank account for it does it have to be a registered llc company first?

[@cynthia_ace]

do you know if we need to track receipts for income too ?

[@RunningwithMakeup]

Thank you! 😘

[@facialsonDemand]

I like your hair

[@ambivertam396]

So, I’m sorry if I missed this in the video . But when you mentioned to multiply your weekly income by tax rate (0.25) and put it away , what exactly is the purpose and benefit of this ? Are these going to be funds that we would have to later pay back into something ? I’m a beginner here and i’m just learning lol

[@bmarie8965]

Into taxes

[@vlogsbymora8723]

how do you get invoices from the supplies you buys from amazon ??

[@chongcha3522]

Go to your order history, you should see an option to view the order detail/invoice.

[@selenaaguirre1309]

Are you an LLC or Sole Proprietor now?

[@KaileyDeMotte]

Sole proprietor she says, LLC is a big yearly payment, and it’s worth it but she mentions other reasons.

[@bmarie8965]

You must never watch T.v !..good to keep busy 😁

[@KrystenStrunck]

✨✨👏🏻👏🏻

[@bmarie8965]

Is this business in your home? Im considering that !

[@GabsterZ21]

No she rents a studio/office space

[@bmarie8965]

@@GabsterZ21 i just got a space 🙂