As a self-employed individual, you know that bookkeeping and taxes are essential parts of running a successful business. But between clients, networking, and actually doing the work you love, who has time to keep up with all of that? The answer is a CPA or certified public accountant.  But before you can hire someone, you […]

Taxes can be confusing and complicated, especially if you’re self-employed. To make tax season a little less stressful, we’ve compiled a list of the most common documents you’ll need to prepare your taxes as a self-employed individual.  Get Organized The most important document for preparing your taxes is your 1099-MISC form. This form is sent […]

If you are self-employed, you are probably used to handling your own taxes come April. But did you know that as a business owner, you are also responsible for making estimated tax payments throughout the year? Estimated taxes are essentially pre-payments for your annual tax liability, and are typically due four times per year. In […]

The 1099-NEC form is for businesses who have paid contractors more than $600 for services rendered. This form is filed with the government by January 31st and must be sent to the individual contractor as well as the government. In this blog post, we will break down everything you need to know about the 1099-NEC […]

Every year, as tax season looms closer, business owners across the country have to make a decision: should they DIY their taxes or hire a professional tax preparer? For some business owners, the answer is clear-cut. But for others, it’s not so simple. In this blog post, we’ll take a look at some of the […]

As a small business owner, you’re always looking for ways to save money. But there are some things you just can’t write off on your taxes – no matter how hard you try. Here are the five most common expenses small businesses try to write off. Charitable Contributions You can write off charitable contributions long […]

For many entrepreneurs, the home office is a necessary place to work. It can be hard to Deduct Home Office Expenses if you’re not sure what qualifies. Here are some ways to maximize your deduction and split expenses.  Read on for more tips! Home Office Deduction Home offices are one of the most deductions that […]

Are you a small business owner or entrepreneur? If so, you’re probably always looking for new ways to reduce your taxable income. Well, did you know that there are a number of deductions available to small businesses? In this blog post, we’ll take a look at some of the most common deductions and how they […]

When it comes to taxes, there’s a lot of information to take in. But one thing that all small business owners can benefit from is tax deductions. What are tax deductions, you ask? Simply put, they’re expenses that you can subtract from your taxable income. This lowers your taxable income and therefore reduces the amount […]