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Video instructions and help with filling out and completing Irs Levy On A Self-Employed Person Or Independent Contractor

It's that time of year again are you filing your taxes for the first time as a self-employed individual oh my god i need help in today's video i will share with you how to file your taxes as a small business owner in canada so if you want a better understanding of your income tax and which deductions and credits you can claim make sure you watch this video till the end disclaimer i am not a financial advisor or tax professional this video is not tax advice it's for general information and entertainment purposes only you should consult your own tax advisor before engaging in any transactions if your business runs as a corporation t2 return this video is not for you this video will only cover the form t2125 for filing a t1 tax return as a sole proprietor even if you don't plan to do your own taxes or haven't started your business yet this video will still be useful because you will learn about the deductions you can claim and other important information about starting and running your own business so the software we're going to use today is wealth simple tax formally named simple tax wealth simple tax is an easy to use software to file any t1 return even as a small business owner and the best part about it it's free although you can pay what you want to help support the platform now before we get into this free exciting tax video can i get you to hit the like button before you leave then hit the subscribe button and the bell icon doing so won't cost you anything but really help support my channel okay make your way to wealthsimple.com if you already have a wealth simple invest cash trade or crypto account you can use the same login info to log into your wealth simple tax if not you can create a new account once you create an account you can begin first you'll be asked to create a name for your return then you'll be brought to the main screen where you need to fill out the about you section then net file access code if you have one which can be found on your last year's notice of assessment then fill out your canadian mailing address about your residence you and your family miscellaneous and cra my account then to make things a lot easier auto fill your return log into cra and connect your account so any slips available on cra will automatically be filled out there's anything missing you can either search in the form here or answer a few questions if you do choose to answer a few questions this will pop up did you receive any income from a small business checking this will automatically bring up the t2125 form which is the form you need to report business income as a sole proprietor the first section will be your ...