Episode 83 – Tax Season: What You Need to Know as a Digital Nomad Feat. Kathleen Di Paolo
March 29, 2021
Key Takeaways To Tune In For
- [1:35] Meet Kathleen, learn about where she is from, and how she became a true global citizen
- [3:30] How Kathleen started working online and traveling at the same time
- [4:11] How she accidentally started her own tax advisory business
- [4:57] Kathleen’s best tax prep tips for first-time entrepreneurs and virtual assistants
- [7:27] The #1 you need to have in order when approaching tax season
- [8:45] What you can use to make bookkeeping easy for your business as a new entrepreneur
- [11:30] What is tax residency?
- [14:08] How you can benefit by working with a team who understands foreign income (ie. expat or nomad taxes)
- [15:50] What counts as a business expense?
- [17:30] Why it is so important to keep your bookkeeping on point
- [22:05] Digital nomad trends to watch out for
- [22:54] The perks of being a digital nomad and choosing tax residency
- [24:07] The #1 thing to keep in mind when you first start working with an international client or business
- [25:56] Why being a contractor is better than being an employee
- [27:55] New tax rules to be excited about for the digital nomad world
In this episode, digital nomad and tax expert Kathleen Di Paolo and I dive deep into the world of taxes. Kathleen shares her best tax tips and strategies for online entrepreneurs and businesses, including some amazing resources to help you get the best benefits for your online business.
Resources From This Episode
- Connect with Kathleen on Instagram or via email!
- Grab Kathleen’s free tax reduction list on her website.
- Not sure what 90 Day VA is or what a “Virtual Assistant” is or what they do? Check out our 100% free intro class here to find out how you can get started in the work online journey.
- Check out our free Work from Anywhere Virtual Summit to get to know our experts and online work options!
- Check out our Remote Resume Blueprint here to get your remote resume all spruced up plus ready-made remote templates!
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