Did you run short of time last April when the regular tax filing deadline came? Hopefully, it was a rare occurrence and you took the smart step of filing an extension for your 2021 taxes. If so, the six-month window…
We are living in a world where things seem to be changing every day and it can be easy to be confused as to what you should or shouldn’t do. Don’t make tax season a headache and know if your…
Do you use apps like PayPal, Venmo, or Square to accept freelance business payments? If so, you’ll need to pay close attention to the new tax reporting changes affecting these platforms that go into effect this month, especially if you…
What is cryptocurrency and how does it impact your taxes? As more people are investing in cryptocurrency, how complex can this get if they do their own taxes? What are some factors they need to keep in mind? While…
What are a few items people tend to miss when they do their taxes, whether filling out their tax form themselves or using a tax software? Medical expenses (if they are significant). The IRS allows you to deduct unreimbursed…
If you have significant tax debt, cleaning it up may be the ultimate holiday gift that you can give to yourself as a freelance business owner. Not only will it put you more in control of your finances, it will…
Have you been hemming and hawing on whether or not to hire a professional to do your taxes? Has there been a large change in your life that has impacted your finances or maybe you just aren’t sure what you…
Are you thinking of moving or doing business in another state? Read through to get some quick answers to your tax questions. What tax implications should someone consider if they are moving from one state to another? What records would…
If your freelance business reimburses contractors for meals consumed while traveling, you can now deduct the per diem portion of meal expenses at 100% according to new guidance from the IRS which covers tax years 2021 and 2022. If you…
It’s a great feeling to be able to help others—and it’s even better if you get some added benefit, too. This is the kind of win-win situation that The Taxpayer Certainty and Disaster Tax Relief Act of 2020 made possible…
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