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...
If you have ever been employed, you are likely familiar with the W-2 tax form (a.k.a. the IRS “Wage and Tax Statement”). An employer must send a copy of this form to their employee and one to the IRS to report wages paid and the...
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. Should I use a software system...
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 though, consider this: Sprinting to...
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 and for the years ahead....
Paying taxes at the start of the new year – sounds crazy right? This is the ugly truth for freelancers, Airbnb hosts, rideshare drivers, or anyone else earning 1099 income. If you earn self-employment income, you’re expected to stroke Uncle Sam a check four times...