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What Your CPA Wants You to Know - 73. Updating Your W-4 Form: Why It's Crucial to Get It Right

73. Updating Your W-4 Form: Why It's Crucial to Get It Right

05/15/24 • 13 min

What Your CPA Wants You to Know

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Throwback: In this episode we explain the importance of keeping your W-4 in check, ensuring you're not caught off guard with a hefty tax bill or a disappointing refund.
We get so many questions about the W-4 form and how it should be filled out so we are breaking it all down in this episode! If you had a big tax surprise this year, this episode is for you!

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Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!
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Send us a text

Throwback: In this episode we explain the importance of keeping your W-4 in check, ensuring you're not caught off guard with a hefty tax bill or a disappointing refund.
We get so many questions about the W-4 form and how it should be filled out so we are breaking it all down in this episode! If you had a big tax surprise this year, this episode is for you!

Create a STAN Store - Click here to try it out!
Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!
Shop our business guides!
Our Instagram Page
Our family page

Previous Episode

undefined - 72. All LLC Owners MUST File This *NEW* Federal Report! Here's What You Need to Know About The BOI!

72. All LLC Owners MUST File This *NEW* Federal Report! Here's What You Need to Know About The BOI!

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Have you heard of the new Beneficial Ownership Information Report that must be filed by all LLC owners in the U.S?!? This is the first year it is required and it is due quickly if you filed a NEW LLC in 2024. It's due by the end of the year if you file for an LLC established before 2024!
In this episode we explain what this new BOI report is and help you understand everything from the filing process on the FinCEN website to the substantial penalties that will be assessed if you forget(!).
We lay out all the info you need to meet the critical deadlines and explain when you might need to refile. This episode is SO important for all LLC owners! Send this to everyone you know who has an LLC!

Create a STAN Store - Click here to try it out!
Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!
Shop our business guides!
Our Instagram Page
Our family page

Next Episode

undefined - 74. Health Insurance Options For Business Owners

74. Health Insurance Options For Business Owners

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Forking over $31,200 yearly for health insurance as new entrepreneurs sounded like a financial nightmare. That was not in our budget when we started our business years ago. We did some research and stumbled upon the world of health sharing plans.
We know if you're starting a new business, health care has likely crossed your mind! In this episode we explain what we did for health coverage when we quit our jobs and what we do today. We share the pros and cons of health sharing plans that can save you money if you are on a tight budget in the beginning.

Create a STAN Store - Click here to try it out!
Here's where you can find us! Follow along on Instagram for lots of free content for business owners daily!
Shop our business guides!
Our Instagram Page
Our family page

What Your CPA Wants You to Know - 73. Updating Your W-4 Form: Why It's Crucial to Get It Right

Transcript

Speaker 1

So even if you filled it out and you put your deductions on there properly , it can still be inaccurate . And that's just because it doesn't know the whole equation . It doesn't know what your spouse is going to make , doesn't know all the credits that you're getting . It doesn't know all of these items that have to go into the final number .

Speaker 1
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