If you’re self-employed, understanding what’s deductible and recording all of your business expenses should be priorities. When you work for yourself, accurate accounting is critical. The IRS pays … [Read more...] about Are You Tracking Absolutely All of Your Tax-Related Business Expenses?
There are various federal taxes that may apply to your small business. The type and form of business you operate determines what taxes you must pay and how you pay them. At the federal level, several … [Read more...] about Small Business Taxes: Who Pays What?
It’s not just self-employed individuals who must pay estimated taxes. Here’s what you need to know. W-2 income tax withholding isn’t perfect. You’ve probably had years when you owed more than you … [Read more...] about Starting a Side Gig in 2022? Your New Tax Obligations
First time hiring an independent contractor? Here’s what you need to know about taxes. Two months ago in this column, we explained the differences between employees and independent contractors. The … [Read more...] about Hiring An Independent Contractor? Your Tax Obligations
“Better late than never” applies when it comes to filing income tax returns. Here’s what you should know. Maybe you didn‘t get your 1040 done in time in a previous year and you figured you couldn’t … [Read more...] about HOW TO DEAL WITH A PAST-DUE TAX RETURN
…and tips on how to do it. The IRS may have granted us a reprieve for filing our income taxes this year, but we hope you’re well into your preparation for 2020 income taxes – or finished with them. … [Read more...] about Why You Need Year Round Tax Planning…