CPA for Freelancers

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

Sign up for NewsBook an AppointmentContact

Blog

It’s the Final Countdown for Extended Freelance Tax Returns Don’t Miss It the October 17 Deadline!

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 to get your taxes filed without additional failure to file and late payment penalties is […]

Read More
Scaling from Solopreneur to an S-Corp?

If your freelance business is on a significant growth trajectory, congratulations! All of your hard work is paying off, and you may be considering switching your entity type from a sole proprietorship or limited liability company (LLC) to an S-corporation (S-corp) to take advantage of the payroll tax savings and other benefits (you can read […]

Read More
Worried About the Impact of Inflation on Your Freelance Business? Here’s What You Need to Know to Avoid Higher Tax Bills

With all of the news coverage about inflation, it is hard not to think about where the economy is going and, for those of us who are self-employed, the perceived risks and threats may be amplified. Is this anxiety justified? Read on so you can judge for yourself and take the appropriate action to reduce […]

Read More
Is Rental Real Estate Part of Your Freelance Income?

Here’s What You Need to Know About Related Losses Many self-employed individuals and freelancers invest in rental real estate properties to supplement their income or even get their real estate license to do the same. If you’re one of them, it’s important to understand how potential losses may impact your taxes. Understanding how the IRS […]

Read More
Tax Deductions Are Few for Pro-Bono Freelance Work, Get in the Know

Like many freelancers who are good at what they do, you likely get approached by not-for-profit organizations (or friends who work for them) to provide pro bono services. That is, you do work and provide services without charge. This is a great way to gain exposure in a market as well as create some goodwill, […]

Read More
Suddenly Self-Employed? Key Tips for Combining W-2 & 1099 Income

Given the focus in May on National Small Business Week, (May 1 to 7) and the end of the tax filing season, if you find yourself transitioning from regular wage-earning employment income (reported on a W-2) to self-employment (tracked by those who pay you on a 1099), or a combination of both income streams, you […]

Read More
The 2022 Freelancer’s Guide to Gig Economy Taxes

The gig economy is gearing up and if you have been a freelancer for any length of time, you are helping to drive it forward. Congratulations on your success! However, it is critical not to lose sight of the tax obligations that come with operating as an independent contractor or freelancer in the gig economy, […]

Read More
Notable Tax Updates for Freelancers in 2022

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 deadlines, or income threshold for marginal tax rates has changed. Tax Due Dates for 2022 […]

Read More
The 2022 Freelancer’s Guide to Gig Economy Taxes

The gig economy is gearing up and if you have been a freelancer for any length of time, you are helping to drive it forward. Congratulations on your success! However, it is critical not to lose sight of the tax obligations that come with operating as an independent contractor or freelancer in the gig economy, […]

Read More
What's new for freelancers in tax year 2022?

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 do a significant amount of business through them.  In an effort to reduce the amount […]

Read More
1 2 3 4
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram