Taxes and the Sharing Economy — Here’s What You Need to Know
It’s so easy to make a little cash now. Rent a room on Airbnb. Drive someone around town by Uber or Lyft. Sell used books and DVDs on Amazon, or a piano on eBay™. Tweet this It’s all good – until you...
View ArticleHow to Start a Side Hustle and Stop Stressing about Saving
Pay yourself first. Set financial goals. Automate your savings. It doesn’t matter which version of this personal finance mantra you’ve heard, it all means the same thing: saving money is an important...
View ArticleSmall Business Week — 7 Strategies for Saving and Tax Planning
National Small Business Week Edition. National Small Business Week, organized by the Small Business Administration, recognizes the contributions of entrepreneurs and small business owners across the...
View ArticleWhat to Do with Your Side Hustle Income
A side hustle (or side gig or freelance job) can help people achieve financial goals and obtain a level of job security. Developing a second skill set to bring in money can not only help you build a...
View ArticleInsurance Considerations for Freelancers, Entrepreneurs and Small Business...
Taking the leap to becoming a freelancer, entrepreneur or small business owner is huge. If you’ve recently done it, congratulations! There is no doubt you have a long to-do list, but you need to make...
View Article6 Common Small Business Tax Deductions
Tax deductions are a great benefit for the average taxpayer, but they can bring even greater tax benefits to a small business owner, contractor or freelancer. Expensing business costs can help reduce...
View ArticleHow to Calculate and Make Estimated Tax Payments
If you’re like most taxpayers, you receive salary and wages from your employer and never have to worry about making estimated tax payments. Even if you receive additional income, such as interest and...
View ArticleWhat Tax Forms Do I Use to File My Business Return?
Starting a new business and keeping it going through its first year is a great accomplishment. Congratulations! When you file a federal income tax return for your business, the paperwork and forms you...
View ArticleTips to Meet the Small Business Tax Filing Extension Deadline
The deadline for filing 2014 extended corporate and partnership tax returns is Tuesday, September 15, 2015. If you took an extension to file your corporate or partnership income tax returns, the...
View ArticleInsurance and Your Taxes — What Business Owners Need to Know
We can insure just about anything we choose: our cars, houses, businesses, ability to work – even our lives. While carrying insurance may be expensive, we’re paying for peace of mind. It seems like...
View Article1099-MISC Deadlines for 2016 and New State Filing Requirements
Mark your calendar now so you don’t miss any important deadlines when preparing and filing documents. 2016 Federal forms – recipient and IRS e-file deadlines The following table includes key dates...
View Article14 Key Small Business Deductions for 2015
One of the great benefits about being a small business owner is that you may be able to deduct many business expenses that you would not be able to deduct if you were an employee. Those deductions...
View ArticleSeveral Tax Breaks for Businesses Extended
By Mark Jaeger, Director of Tax Development, TaxAct In December 2015, Congress gave business owners a nice year-end gift by approving a bill that extended many expired or expiring tax breaks for...
View Article5 Things You Didn’t Know Were Taxable
When you think of taxable income, the first things that come to mind are most likely wages, including self-employment income, and perhaps capital gains and interest income. As you prepare your taxes,...
View ArticleExpert Tips & Ideas for Entrepreneurs & Business Owners
Thinking about starting a business? Are you an established business owner looking for new ideas and trends? Or maybe you’re ready to expand your business? No matter what stage your business is in,...
View ArticleTax Deductions for Non-business Bad Debts
Have you ever lost money to a loan you’ll never collect? If you answered yes, the good news is you’re not alone. Many of us have lent money to a friend or relative at some point. And while initially...
View Article1099-MISC Deadlines for 2016 and New State Filing Requirements
Mark your calendar now so you don’t miss any important deadlines when preparing and filing documents. 2016 Federal forms – recipient and IRS e-file deadlines The following table includes key dates...
View ArticlePartnership and Corporation Tax Tips and Reminders for Second Half of 2016
It’s hard to believe, but the year is almost half over already. If you have a partnership or corporation, here’s what you need to know to keep up with the Internal Revenue Service (IRS) while you work...
View ArticleSelf-Employed? Check Out These Retirement Plans
Being self-employed has its advantages. You don’t have a boss to tell you how many vacation days to take, or what retirement plans you have to choose from. On the other hand, you don’t have a boss to...
View ArticleFive Biggest Tax Mistakes Small Business Owners Make
How you handle your recordkeeping and taxes can make a big difference in your success as a small business owner. Make sure to avoid these common tax mistakes small business owners make: 1. Choosing...
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