CPA for Freelancers

Taxes, Accounting, & Business Advice for the Self-Employed

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Who Knew? Reward Points and Rebates May Increase Your Freelance Tax Bill

What’s not to love about credit card rewards, purchase incentives and manufacturer rebates? A potentially higher tax bill for one thing. If that’s news to you, you aren’t alone. While many of us love to collect reward points, get cash back or use travel miles as a perk for purchasing with a credit card or […]

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Check Out the IRS’s New Freelancer-Friendly Estimated Tax Tool

It’s no secret that the freelance and gig economy is growing, which means more self-employed people who must pay taxes. This fact hasn’t gone unnoticed by the Internal Revenue Service (IRS) which, of course, has a special interest in ensuring that self-employed individuals pay all the taxes they are obligated to in a timely fashion. […]

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Two Ways to Get a Handle on Your Freelance Travel Expenses

If you are a freelancer who travels for work or who hires subcontractors to travel on your behalf, then you are likely already aware how time-consuming keeping track of travel expenses for tax purposes can be. Getting a handle on your freelance travel expenses doesn’t have to be complex, but it does require discipline to […]

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Employee or Independent Contractor? How the Decision May Significantly Impact Your Freelance Finances

A recent ruling by the California Supreme Court made it more difficult for employers to classify their workers as independent contractors in response to criticism by some that companies are not properly classifying independent contractors as employees. This law seeks to tighten the rules regarding worker classification and reignites the debate about when a freelancer […]

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Freelancers Beware! The IRS is Targeting Taxpayers Dealing in Cryptocurrency

If you are like many of the freelancers who are involved with cryptocurrency, you may be unaware of the tax rules related to it. This is evidenced by last Friday’s news that the Internal Revenue Service (IRS) is sending “educational letters” about tax penalties and obligations to more than 10,000 cryptocurrency holders. It is likely […]

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Freelancers Selling in New York State Have New Sales Tax Collection Requirements

If you are a freelancer who sells taxable goods online, you are likely aware of the challenges of collecting and remitting sales tax in multiple jurisdictions. A case in point that you should pay attention to if your business includes sales in New York State (NYS): the state recently enacted legislation to force marketplace providers […]

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Taking on International Freelance Work? Learn the Language of Foreign Taxes

If you’re a freelancer who works outside the United States there are some important rules you need to know when it comes to keeping on the right side of taxing authorities around the globe and managing your own tax burden. To help you learn the language of foreign taxes and how it applies to your […]

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Selling Your Home This Spring? It Could Reduce Your Freelance Taxes

Spring is often when the housing market heats up with home sales generally peaking in May and June. According to an ATTOM Data Solutions report, in the United States,  May is the best month to sell your home based on the higher price premium you are likely to get. June 28 is the best single […]

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Buying an Electric Car? It May Benefit Your Freelance Taxes

According to The Edison Electric Institute, there are now more than one million electric vehicles (EVs) on U.S. roads. Another sign of the growing popularity of EVs? The IRS recently announced that General Motors, LLC (GM) has sold more than 200,000 vehicles which are eligible for the plug-in electric drive motor vehicle credit during the […]

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Have a Freelance Tax SOS? Check Out These Tax Reform FAQs

Now that the Tax Cuts and Jobs Act (TCJA) is active legislation, you are likely to see its impact on your tax return this year. As you get ready to file your taxes you are likely to have questions about exactly how tax reform affects your freelance business. To help, we’ve compiled this list of […]

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