114: How to Prepare for Tax Season as a Teachers Pay Teachers Seller (Without the Stress)

MAR 18, 202659 MIN
Teacher Business School: TPT, Homeschool, & Beyond

114: How to Prepare for Tax Season as a Teachers Pay Teachers Seller (Without the Stress)

MAR 18, 202659 MIN

Description

Are you feeling overwhelmed trying to figure out taxes for your Teachers Pay Teachers (TPT) business? You’re not alone, and the good news is, it doesn’t have to be complicated.In this episode, Lindsay sits down with Emily Bryant from All About Accounting to break down everything Teachers Pay Teachers (TPT) sellers need to know about preparing for tax season. Whether you’re brand new to selling on Teachers Pay Teachers (TPT) or you’ve been running your teacher business for years, this conversation will help you get organized, understand your options, and feel more confident about your finances. From business bank accounts to deductions and deciding whether you need an LLC, this episode is packed with practical, easy-to-follow advice designed specifically for teacherpreneurs.Key Discussion Points:[00:00:41] The #1 Tax Tip Every Teachers Pay Teachers (TPT) Seller Needs to KnowWhy opening a separate business bank account is the first step to simplifying your taxes and staying organized as a Teachers Pay Teachers seller.[00:03:12] LLCs vs. Sole Proprietor for TPT SellersWhat you need to know about business structures, when an LLC makes sense, and how it impacts your taxes as a teacher business owner.[00:07:28] Best Tax Deductions for Teachers Pay Teachers (TPT) SellersA breakdown of common write-offs like digital tools, curriculum resources, office supplies, and other often-missed deductions.[00:12:05] DIY Taxes vs. Hiring a CPAHow to decide whether to file your own taxes using software like TurboTax or hire a professional for your Teachers Pay Teachers (TPT) business.[00:16:44] Common Tax Mistakes TPT Sellers MakeThe biggest pitfalls teachers run into during tax season and how to avoid costly errors.Connect with Emily Bryant: All About AccountingConnect further:Sell Education Workbooks with Amazon KDP: https://lindsaybowden.com/KDPEarn 3-4 figures per month on TPT | https://lindsaybowden.com/startStart or grow your TPT email list | https://lindsaybowden.com/emailAnd make sure to follow me! https://www.tiktok.com/@lindsay.bowden and http://instagram.com/lindsaybowdenWatch full episodes on Youtube + Subscribe: https://www.youtube.com/@Lindsay.Bowden?sub_confirmation=1Resources mentioned may contain affiliate links. If you purchase through these links, I may earn a small commission at no additional cost to you. I only recommend products and resources I truly love and use myself.