A Simple Guide to Freelancer Taxes
Ask any freelancer their most dreaded business task - I bet it’s taxes.
When you are an employee working for someone else’s business, income taxes are not fun but they are much simpler. Your employer handles pretty much all of it - calculating your amount due, collecting it from your paychecks, and sending the cash off to the IRS. You really only deal with it come April tax return season.
What’s the ABC Test for Independent Contractors?
The line between independent contractor and employee is often blurred. Between the confusing state laws and the ever-changing IRS definitions, it can be a real puzzle to figure out what you should be classified as!
Top 9 Apps for Independent Contractors
Whether you are jet setting on a tropical vacation or just don’t want to get up from the couch, being able to check your email and do some work from your phone is a godsend. And no one feels that harder than independent contractors!
Employee vs. Contractor Taxes
As a business owner, it’s such an exciting time when you get to hire your first employees. You’ve really hustled and grown your service-based business to a small empire. And now you need some help to take it to the next level!
10 Tax Terms All Small Business Owners Should Know
As you begin to receive tax documents and compile all your reports, there are some tax terms you should be familiar with. These terms may come up throughout the year as you complete your monthly bookkeeping, while some you may only encounter during tax season.
Tax Deduction Checklist
As you collect all the appropriate documents for your tax return, it is easy to forget an essential document or piece of information that is required to complete your return. For that reason, we created the tax deduction checklist to help ensure you can confidently send all the necessary files to your accountant.
7 Biggest Myths About Taxes
If you are familiar with the show “Mythbusters” you know that many commonly accepted myths turn out to be untrue. With tax season approaching, it’s helpful to talk about some tax myths that may be causing you unnecessary stress. In this article, we will discuss the 7 biggest myths about taxes and do our best to “bust” them.
Home Office Deduction 101
We all have our daily tasks, whether it is walking Rover or taking client calls. Business owners of all types, from established coffee shops to female entrepreneurs who are just starting often spend time working from home. As a result, many taxpayers utilize the home office deduction. In this article, we discuss the home office deduction and how to qualify for it.
14 2022 Tax Deadlines You Need on Your Calendar
If you filed your taxes for the year of 2021, you're likely wondering when you'll have to file again in 2022. While there are no new tax laws in the books, the current ones are complicated enough and we are keeping our eye out for more changes.