Now that we are getting down to the wire for filing individual taxes and those for freelance businesses structured as LLCs and corporations, it’s key to know the answers to these freelance tax FAQs so you can tackle your taxes…
The introduction of the Tax Cuts and Jobs Act at the end of last year represents major changes to the tax code, but its impact won’t be felt on your tax return until next year. That’s why as you get…
Savvy freelancers know that proper tax planning can provide significant financial benefits that contribute to business growth. In this spirit, take note of these answers to frequently asked tax questions which can help to position your business for success: 1.…
Having a full-time career as a freelance professional can be a challenge. This is why many freelancers still maintain a traditional job, at least on a part-time basis. If you are looking for a new job that’s in your chosen…
When your freelance business is bustling and you can see additional growth on the horizon you may start considering whether it’s time to expand your team by hiring an employee. While visions of the relief having another set of qualified…
Developing new products and services is one of the key ways to expand and grow your freelance business—and it’s also an activity that can benefit you from a tax perspective, thanks to the federal and state Research and Development (R&D)…
Taking a freelance gig and living outside of the United States is a wonderful way to experience another culture and to broaden your portfolio. However, it is essential to know your tax obligations, including the deadline for filing your U.S.…
If you filed your taxes on time this year, you may be breathing a sigh of relief about not having to think about them again until next April. Before you wipe any traces of tax-induced sweat off your brow completely…
Tax season is here and you may be stressing a little, especially if you haven’t been making regular estimated tax payments on your business profits. If this is the case for you, it’s time to take action this tax year…
New York State (NYS) is now making the collection of taxpayers’ driver licenses or other state-issued identification (ID) information on electronically filed personal income tax returns mandatory to help deter fraud, following the same practice by the IRS. The fields…
Get Professional Self-Employment Tax Advice
