CPA for Freelancers

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Four Reasons to File Your Freelance Taxes Early (and When You Should Wait to File Until Tax Day)

The IRS is now open for the business of filing 2019 tax returns. If you are a person who likes to get things done, and you have all of your tax documentation in hand, don’t fight the urge to file early. Even if you have been a procrastinator in years past when it comes to […]

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Catch These Year-End Freelance Tax Deductions Before Dec. 31

There are only a few weeks left until the end of the year, which means your window for leveraging last-minute tax deductions for 2019 is rapidly closing. Here’s the run-down on what you can do to snag these tax-saving deductions for your freelance business before the ball drops on Dec. 31. Measure up your home […]

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The Tax Gift Every Freelancer Should Give Themselves Before December 31

Thanksgiving is just around the corner…which means the holiday season is about to kick into high gear with food, festivities and for many of us, giving gifts to family and friends. While being generous to others at this time of year is certainly in keeping with the spirit of the season, consider gifting yourself with […]

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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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Tax Exemptions, Deductions and Credits—Last Minute Advice for Your Freelance Tax Return

With just a few weeks left to file your freelance taxes, there’s no time to waste when it comes to completing your return. Given all of the changes that the Tax Cuts and Jobs Act (a.k.a. tax reform) has brought with it, you may be left feeling unsure about how tax deductions and tax credits […]

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How Freelancers Can Maximize the 20% Pass-Through Tax Deduction

If you have been keeping tabs on the changes you might see on this year’s tax return, the 20 percent deduction for pass-through businesses probably caught your attention. Now that it’s time to file your business taxes, it’s worth knowing how to maximize this deduction to lower your tax liability as much as possible. If […]

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Freelancers with a W-2, You May Owe More Tax on This Year’s Return

If there’s one thing to be said about the changes brought about by the passing of The Tax Cuts and Jobs Act (a.k.a. tax reform) it’s that there are a lot of them. So many, that as a busy freelancer—and especially if you also maintain a 9-to-5 job—it’s unlikely that you can keep up on […]

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Update on Health Insurance Tax Considerations Under Tax Reform

If you are considering dropping your health insurance, given that the current tax penalty for not having coverage will be lifted starting in 2019, you are not alone. According to recent research, the elimination of Obamacare penalties may reduce the number of subscribers to individual and small-group insurance plans by 500,000. Here is a general […]

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Updates on Meal and Entertainment Expense Deductions Are Here

If you are keeping track of the rules related to the Tax Cuts and Jobs Act (TCJA) that are likely to impact you as a freelancer, you’ll want to take note of this one in regard to meal deductions. At the beginning of the year, it looked like the IRS was not going to allow […]

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