Navigating the process of filing taxes when you’re self-employed can be intimidating, especially for a first-timer. If you’re not sure how self-employment taxes work or are wondering what ...

Are you a sole proprietor running your own small business? If so, you have to wear many hats, and one of the least enjoyable but most important ones is the tax accountant hat. It takes planning and ...

Are you self-employed and wondering how to maximize your tax deductions for the 2022 tax year? Here’s a look at 15 of the best tax write-offs you don’t want to miss: — Qualified business income. — ...

Are you among the many Americans who switched to contractor work or started a side hustle last year? Now it's tax time, and you are unsure if you are doing things the right way. Although every ...

You’ve finally turned your idea into a real business. You’ve got customers, maybe a Stripe account, maybe even a few ...

Use this guide for a step-by-step explanation of how Schedule C works and how to fill it out so you can make sure you’re filing your taxes correctly. Each year, sole proprietors have the chore of ...

Tax Code 179, the special deduction to write off equipment in the year purchased, was extended permanently in 2015 legislation. This has been further liberalized by the Tax Cuts and Jobs Act (TCJA) ...

If you’re a member of a limited liability company (LLC), do you have to pay self-employment taxes? That’s a darn good question. Our beloved Internal Revenue Code’s self-employment (SE) tax provisions ...

According to a 2024 survey by SCORE, a nonprofit organization that provides mentorship to small business owners, "34% of ...

The Great Resignation may be creating a tax headache for a lot of people. Last year more than 47 million people quit their jobs. In the same year, a record 5.4 million new business applications were ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2023 calendar year. Tax Code 179, ...

School surveillance video showed Durso-Smith moving the boy's arm forward and backward, "as if she were checking for mobility," the arrest warrant says. Hoydick is hoping to become the first person to ...