Category: Contractor Resources
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What Does the IRS Consider a Valid Receipt? Paper vs Digital Receipts
As a freelancer, solopreneur, or small business owner, you know tax season can either be a breeze or a nightmare. One of the most common sources of stress? Receipts. You’ve probably asked yourself more than once: “What does the IRS actually consider a valid receipt?” And in today’s digital-first world, another question naturally follows: “Are…
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Does the IRS Require Receipts Under $75? Here’s What You Need to Know
When it comes to taxes and deductions, small business owners, freelancers, and self-employed individuals often walk a fine line between efficiency and compliance. One of the most frequently asked questions during tax preparation is:“Do I need to save receipts for every expense, even the ones under $75?” The short answer is: not always—but you probably…
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How to Find the Best Receipt Management App for Freelancers
Freelancing gives you the freedom to chart your course, but it also brings the responsibility of managing every aspect of your business—including receipts. Whether you’re a graphic designer juggling client invoices or a self-employed consultant tracking travel expenses, having a streamlined system for organizing receipts is essential. With tax time, audits, and cash flow concerns…
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The Hidden Costs of a Paper-Based Office
Despite the rise of digital solutions, many offices still rely heavily on paper-based filing systems. At first glance, sticking with paper may seem cost-effective, but the reality is far different. From wasted time searching for documents to compliance risks and employee resistance to change, paper-based offices face hidden costs that add up over time. Shifting…
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How to Scan Receipts and Digitize Your Financial Records
Contents Managing receipts efficiently is essential for staying organized, tracking expenses, and preparing for tax season. Digitizing receipts not only saves space but also provides a reliable way to store and retrieve important financial records. Whether you’re a small business owner, a frequent traveler, or someone who wants to simplify personal finance, there are multiple…
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Managing Your Side Hustle Taxes Like a Pro
These days, more and more American workers are doing, well, just a little more. They’re known as side hustles, and you’re probably reading this because you have one, too. Having a side hustle in addition to your full-time job can certainly add money to your bank account, but side hustle taxes can also add stress…
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What is a 1099 Form?
If you’ve landed here after Googling “What is a 1099 Form?” because you’ve turned a profit as a small business owner, congratulations! Now begins the slightly less fun, but necessary job of accurately reporting your income for tax purposes. Your income as an independent contractor will most likely be reported using at least one type…
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How to avoid paying taxes as an independent contractor (legally)
If it was possible to call up the Internal Revenue Service (IRS) office for a discount on tax payments, their phones would probably ring all day. But it’s not, so smart independent contractors have to explore more feasible ways to reduce income tax and keep more of their business profit. This is where tax avoidance…
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The 11 Best Apps for Independent Contractors (+ 3 Bonus Tools)
You did it. You started a business and are officially self-employed! Now, it’s time to roll up your sleeves and grow the company. You could juggle multiple parts of running a business yourself, but it’s often easier and faster to outsource these tasks to an app. To help, we’ve put together a list of the…
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Client communication: A guide for freelancers and small business owners
It doesn’t matter if you’re a one-person freelance operation—it’s still worth giving your clients the white-glove treatment. According to HubSpot, 90% of clients would buy more from companies with great customer service. As a small business owner or independent contractor, you may not have a dedicated customer support team. That’s okay! Secure repeat customers by…