It’s common knowledge that self employed people must pay income tax like everyone else, but sometimes it can be tricky to know what exactly qualifies as self-employment. The taxpaying community also seems well aware of self employment tax, as well, but again the specifics get a little hazy. Today we’re going to clear the air … Read more
A side hustle like DoorDash can be a terrific way to make some extra cash. If self-employment is for you, you can also plunge headfirst into the gig economy and become a full-time delivery driver. Either way, it’s important to understand that although working as an independent contractor for DoorDash and other companies offers some … Read more
As a small business owner, you probably won’t manage to reduce your tax liability as low as some of the infamously rich, but that doesn’t mean you shouldn’t try. There are several self-employed tax write offs you can use to save on your tax bill. The trick is to find them and then use them … Read more
Being self-employed is great in so many ways. You have a flexible schedule, you can choose your own clients and of course you get to keep all the upside from your hard work. One big drawback though are the self-employment taxes that you owe every quarter. Thankfully there’s a fairly simple way to avoid those … Read more
People who own small businesses often juggle many different jobs, but the role of accountant is rarely a favorite. We won’t lie: business taxes can be daunting and get a bit complicated. Things do get a lot easier, however, once you understand a few basics. Here’s a plain English breakdown of the business tax basics … Read more
If it seems like the IRS has enough forms and tax return schedules to wallpaper your house, it’s because they probably do. Wading through them can feel overwhelming, but they are all important and serve unique purposes. Forgetting to file a certain form or schedule could delay your refund, so it’s important that you know … Read more
