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Critical Analysis Organizer Sole Proprietorship Form

Critical Analysis Organizer Sole Proprietorship Form

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Instructions and help about Critical Analysis Organizer Sole Proprietorship

[Music] this is a video to show you how to use the organizer to fill out your income and expenses as a sole proprietor so what is a sole proprietor a sole proprietor is an individual who started a business but do not have a company set up yet although a company has not been set up the individual will still need to report his or her income and expenses under his or her individual tax return so on our website you will go to 1040 + Schedule C scroll down to the last three pages when you click on the organiser' and you will see the sole proprietorship tax organizer on the very first page of the sole proprietorship tax organizer you will fill out the name of your business your principal business activity product or services that you offer there will also be some questions such as do you materially participate meaning are you actively involved in the business do you use the cash or accrual method of accounting cash method means you only pay taxes when you receive the income from your custome

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