Schedule K-1: What Business Owners Need to Know
When setting up a business, the structure of ownership not only has operational implications but also financial ones.… READ MORE
Self-Employed Tax Tips
Self-Employed Travel Deductions: What Can You Claim?
Being self-employed comes with many benefits, like making your own schedule, but it also has disadvantages, like not having… READ MORE
Understanding the Form 1099-K
If you are self-employed and you accept payments using PayPal or something similar, you could receive a 1099-K when it… READ MORE
Depreciation and Your Small Business
When you work for yourself, almost all your business-related expenses can be deducted on your tax return. But instead of… READ MORE
Basics of Self-Employed Taxes
Self-employment is great because you get to be your own boss, but it can definitely be tricky when filing your taxes. In this… READ MORE
Self-Employment Tax Forms
Whether you’re a small business owner or an independent contractor, being self-employed is great – but it can also… READ MORE
Small Business Tax Preparation Checklist
While starting a new year often means new opportunities and a fresh start for your small business, it also means that it’s… READ MORE
The Ultimate Guide to the 1099-MISC for the Freelancer
What is a Form 1099–MISC?
Form 1099 is an IRS tax form that reports income paid to you by someone other than… READ MORE
The Tax Implications of Hiring Your Family Members
It may not work for everybody, but for some, the prospect of working alongside family is a dream come true. Small business… READ MORE
Deducting Business Mileage: The Standard Rate vs. The Actual Expense Method
Deducting the miles you travel for your business is a great way to lower your taxable income. But if you’re like most… READ MORE