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158 - Charles Harris, CPA on Tax Prep Tips and FAQs for 2025
Manage episode 461248559 series 2328779
Happy new year! For a lot of studio owners, January represents the beginning of tax season so I’ve got Charles Harris, a CPA, as our guest today to talk about all things self-employment taxes.
We’ll cover a bunch of things including the earning thresholds for when you need to earn to start filing taxes and what to do if you did not earn a profit in your business this year (spoiler: it can benefit you to file anyway!). We’ll also talk about what’s different for the 2024 tax year and what we know (and don’t know) about expected changes for the 2025 tax year.
Plus, we’ll share an exciting announcement about new services coming to Music Studio Startup this year and a new perk for Hub members!
A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode158.
MSS Tax Prep + Accounting Services for Music Teachers
Join the Hub: MSS Entrepreneurs Hub + Mastermind
Q1 Mastermind Groups start Jan 27
225 つのエピソード
158 - Charles Harris, CPA on Tax Prep Tips and FAQs for 2025
Music Studio Startup: Helping music teachers thrive as entrepreneurs
Manage episode 461248559 series 2328779
Happy new year! For a lot of studio owners, January represents the beginning of tax season so I’ve got Charles Harris, a CPA, as our guest today to talk about all things self-employment taxes.
We’ll cover a bunch of things including the earning thresholds for when you need to earn to start filing taxes and what to do if you did not earn a profit in your business this year (spoiler: it can benefit you to file anyway!). We’ll also talk about what’s different for the 2024 tax year and what we know (and don’t know) about expected changes for the 2025 tax year.
Plus, we’ll share an exciting announcement about new services coming to Music Studio Startup this year and a new perk for Hub members!
A full transcript and resources from this episode can be found at MusicStudioStartup.com/episode158.
MSS Tax Prep + Accounting Services for Music Teachers
Join the Hub: MSS Entrepreneurs Hub + Mastermind
Q1 Mastermind Groups start Jan 27
225 つのエピソード
All episodes
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1 162 - Business Travel and Conference Deductions for Music Teachers with Charles Harris, CPA 15:55

1 161 - Christina Whitlock on Embracing the Flexibility of an Independent Teaching Studio 40:05

1 160 - Alison Weiler on Not Teaching in the Evenings 36:09

1 159 - Tax Prep Service for Music Teachers - Q&A with Charles and Andrea 17:26

1 158 - Charles Harris, CPA on Tax Prep Tips and FAQs for 2025 25:39

1 157 - Noah Tretter on Enrolling Students from a Hut in the Swiss Alps 29:38


1 156 - Invitation to Dec. 10 Event + Beneficial Ownership Information (BOI) Reporting Requirement 10:23

1 155 - Sean Murphy on Managing an In-School Studio of 100+ Students 30:14

1 154 - Christopher Maloney on Starting and Selling a Multi-Teacher Studio (Part 2) 42:14

1 153 - Christopher Maloney on Starting and Selling a Multi-Teacher Studio (Part 1) 39:18

1 152 - Bradley Kunda on Learning and Leading for a Shared Vision 43:38

1 151 - Jenica Nevala on Bold Promotions and Growing a Multi-Teacher Music School [REBROADCAST] 16:57

1 150 - Shannah Compton Game on Five Money Tips for Self-Employed Music Teachers [REBROADCAST] 24:31

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