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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...

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How 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...

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Small 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...

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What 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...

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Insurance 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...

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6 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...

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How 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...

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What 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...

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Tips 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...

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Insurance 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...

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1099-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...

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14 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...

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Several 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...

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5 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,...

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Expert 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,...

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Tax 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...

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1099-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...

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Partnership 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...

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Self-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...

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Five 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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