CPA for Freelancers

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

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Freelancer Alert! Temporary Relocation May Impact Your Tax Obligations

The pandemic has been motivating factor in some freelancers moving to avoid being in a hotspot for the virus or to be closer to family. While it can be advantageous to move in some regards, it may also affect your tax situation, so it’s important to know what is considered an actual move and how […]

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What Freelancers Need to Know About Payroll Protection Program Loan Forgiveness

The Payroll Protection Program (PPP) loan fund is now officially tapped out, but if you were able to secure an SBA loan through this program for your freelance business it is important to know how the forgiveness of this loan will work on your 2020 tax return. First, let’s look at what are considered qualified […]

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New IRS “People First” Initiative Provides Additional Tax Relief for Freelancers

The IRS has stepped up to help people facing the challenges of COVID-19 with a number of measures including easing payment guidelines and postponing compliance actions for the initial period of April 1 to July 15, 2020. This is in addition to the extension of the tax filing deadline to July 15, 2020. An important […]

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Coronavirus Tax Relief is on the Way for Freelancers

On Friday, the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced two new refundable tax credits which offer  relief to employees, small and midsize businesses, and the self-employed under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020. How will these credits […]

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IRS Extends Filing Deadline for Tax Returns and Estimated Taxes Until July 15

Things are changing rapidly in our country and this includes tax payment deadlines. While the IRS is working on comprehensive tax relief measures to address the enormous impact of the corona virus, here are the immediate changes all taxpayers need to be aware of: 1.The IRS has extended the filing deadline for federal taxes and […]

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