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
When you start a business, there are endless decisions to make. Among the most important is how to structure your business. Why is it so significant? Because the structure you choose will affect how … [Read more...] about Why Business Structure Matters
Estimates—or quotes, or bids—are useful tools when you’re pitching a sale of products or services. Here’s how QuickBooks Online handles them. Sales estimates are standard procedure in many … [Read more...] about The Life of an Estimate in QuickBooks Online
“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