Tag Archives Tax Tips

It may seem far off now, but tax season will be here before you know it – and if you run a small business, you need to start preparing now. Unlike those employed at standard nine-to-five jobs, entrepreneurs and contractors have to wrangle complicated tax calculations that can take weeks to sort out. You’ll need […]

Money as a business owner is far different than money as a regularly employed person. In my experience, it’s like dealing with two entirely different animals. One situation — you get a paycheck every two weeks and you can follow some standard personal finance advice. In another situation — you don’t get paid every two […]

We’re halfway through April 2016. That means you not only just filed your federal tax return, you also probably handed over a check to Uncle Sam for estimated taxes. The ability to save for taxes as a freelancer can be confusing, frustrating and daunting. There are so many naunces involved that it’s one of the biggest […]

Just because you own a business doesn’t mean that you’re an expert in taxes. If you were an expert in tax rules and regulations you’d be an accountant and not a small business owner. Because of this obvious fact, it’s not shocking when business owners get overwhelmed, stressed out, and make mistakes (which can result […]

Freelancers can often find themselves dealing with a hefty tax bill, thanks to the self-employment task. By filing as a sole proprietor, individual workers don’t have the benefits afforded businesses, but they also have the burden of paying for their own health insurance. All of this combined can leave freelancers cash strapped, especially around tax […]

Tax preparation can be difficult for business owners, who must constantly strive to strike a balance between claiming as many deductions as possible and avoiding an IRS audit. The fear of the dreaded visit from a tax auditor can even drive some entrepreneurs to dismiss some deductions, including home office space, which has traditionally been […]

Tax time takes on an all-new meaning once you’re a business owner. Even if your business is a solo venture, you’ll be tasked with paying a percentage of everything you earn to the IRS. At that point, tax time goes from wondering how much your refund will be to sweating over how much you’ll owe. […]

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