This is a Q&A session about personal finance and financial freedom for freelancers and solopreneurs. This question is from my follower named Filip56.
“What assistance does a financial planner provide clients with when dealing with taxes?”
Watch this video and add your own question in the comment and I’ll feature you in the next video.
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Here is the full text of the video:
Hello again this is Shlomo here and today I have a question from Filip56. Filip if you watch this please let me know your real name and I can feature you. So here it goes.
“What assistance does a financial planner provide clients with when dealing with taxes?”
So I’m not a financial planner but a financial coach so I’ll share what I from my experience with my accountant and I’m sure with other countries probably similar. Maybe the difference would be at the time that you have to report but generally, there are two things that I do.
One is that every two months I send in my invoices and the account is making all the calculations for and working with the taxes authorities of whatever taxes I owe or if I need to get any taxes back. This is one thing. The other thing is once a year you have to file a yearly report of all your of all your income and expenses and then see if you need to again get paid over the get taxes paid back or if you need to additionally pay more taxes.
Some countries you need to report on a monthly basis it also depends on how your sales are if you have higher volumes that you have to report more often. So these rules vary from one country to another but the general theme is the same.
It’s a monthly or bi-monthly report or a quarterly report and then a 1 monthly report. I hope that helped Filip.
If you have any more question guys please add them right here in the comments. And I’ll add them and I’ll feature you in the next video.
Thank you very much!
Cheers!