HOW TO DO YOUR TPT BUSINESS TAXES and TEACHERS PAY TEACHERS UPDATE
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- Опубликовано: 12 сен 2024
- In this video I will give you a summary about the recent acquisition of TPT by IXL. Will it be a good move? I think so.
Have you started your business taxes for your TPT income? I will give you a few tips on getting started and what to keep track of. Whether you are tracking your TPT income and expenses manually or digitally, do it diligently!
Websites Mentioned:
Teachers Pay Teachers / TPT
IG Account: @allaboutacctg
TPT Logo: Bunny on a Cloud - TPT
Google Sheets
Replay of TPT Meeting: bit.ly/3T7hfj6
Turbo Tax Software (Canada): turbotax.intui...
Thanks for watching! Please comment below with your thoughts and questions.
Need a template? You can purchase one here: bit.ly/3BCN62l
You can also find me:
Side Hustle Help for TPT & Boom Facebook Group: bit.ly/2UH50PZ
Email: itsallprimary@gmail.com
Website/Blog: itsallprimary.com
Follow me on Instagram: / itsallprimary
Follow me on Teachers Pay Teachers: bit.ly/3l1xkW4
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Personally I don’t care who owns TPT. As long as I’m still able to sell and there’s still a significant amount of people coming to TPT to shop then I don’t care lol.
I think many will agree with you Amber!
Thank you so much for posting this video. This is my first year selling on TPT and have been searching for more info about TPT and taxes. The instagram account you recommended is exactly the reference point I needed! Thank you!
Hi Holly, so glad her IG account will help! All the best with your taxes and store!
Thanks for this video! I’m watching all your videos back to back and learning so much. I’m glad you brought up turbo tax because soon I will be moving to Canada to help my dad. I will be keeping my remote teaching job in USA. Hopefully turbo tax can handle that! 😅
Unless you earn money while in Canada, I don't think you will have to file with Revenue Canada.
BEST video with your Cats!
Haha - if there is a bug in the room - look out!
@@ItsAllPrimary your videos are out of this world, by the way.
I’m not sure but I’ve heard in the states that you don’t have to claim any money you’ve made unless it’s over $400
$400? You should check that. My first year I made under $200 and I still needed to claim it. It was on a different form, though.
I look forward to open my own store and attract customers there.
Yes, it will happen!
I am assuming you are in Canada.. Did you have to fill up the (IRS Form W-8BEN-E for businesses) and submit it for Hyperwallet?
Hi Joanne, actually I didn't have to for TPT. Being online income, I was able to fill out "online earnings". However, for my RUclips income, I did have to fill out the IRS W-8BEN. I think TPT has to be over a certain amt. It was $20,000/yr. Rumour is that it will be $600/yr for next year's taxes.
@@ItsAllPrimary that’s awesome information. Thank you
What about sellers outside the U.S.?
Hi Angely, I am a seller outside of the US. If this is your first time claiming your TPT income, check with someone who does taxes in your area about what is required.
Have you tried a steroid for your ear? Several years back, I had a plugged ear that I could not hear out of. I also had loud ringing in that ear. I had to go on a steroid for an unrelated allergic reaction. The steroid unplugged my ear, no more ringing, and I could hear fine. I am not a doctor. I'm just relaying my own experience. My ear had been plugged for over 6 months before taking the steroid. I hope your ear gets better soon.
Hi Melanie, yes, using steroids now. Thank you for sharing. 6 months sounds like a long time. Still have hearing, most of the time.
How do I pay taxes if i'm not in the States?
You should not have to pay taxes for the US. Whatever country you are in, you need to claim your earnings from an online source/website.
@@ItsAllPrimary that means I don't have to fill out any tax form?
I thought it was awkward too, and kind of sad (esp for Joe).
Yes, Joe looked sad.
Plz get to topic soooooner
Feel free to skip ahead.