Category: Tax Time
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How to File Independent Contractor Taxes 2022
Disclaimer: This blog post is intended to provide generalized information designed to educate a broad segment of the public. It’s not personalized tax, investment, legal, or other business or professional advice. If you have questions, speak with a qualified professional. Every month, employers all over the US withhold taxes from their employees’ paychecks. But for…
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Free Independent Contractor Expense Spreadsheet
Have you ever struggled to manage your financials as an independent contractor? If the answer is yes, you’re not alone. According to Freelancer Map’s 2021 study, 25% of freelancers consider accounting one of the greatest challenges of self-employment. 21% also said that trying to do their own accounting was one of the biggest beginner mistakes…
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Deduction Tips for Tax Day
Mark your calendars, April 15th will be here before you know it. Looking ahead for ways to prepare for Tax Day, keep in mind there are a few write-offs that are often overlooked. Claiming deductions is a great way to reduce your income tax bill come tax time. Claiming deductions can free up additional money…
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Three tax tips to help you get ahead
“In this world, nothing is certain except death and taxes.” – Ben Franklin Ben Franklin famously stated that the only things certain in life are death and taxes. But as we find ourselves in the new year, with tax time quickly approaching, you can go ahead and add stress to that list. Even though we know…
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Surviving An IRS Audit Without Receipts
While not having copies of your receipts is not ideal if you’re being audited, there are things you can do to prove your expenses to the IRS.
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Independent’s guide to the 20 percent pass through deduction
As an independent, freelancer or 1099-er you may have been keeping a close watch on tax time this year as there are some significant changes to business tax code that could put extra money in your hands this year. If you can’t implement these tips this year, make sure you use them going forward so…
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Making Sense of Your 2018 Business Taxes
Part of winding down any calendar year includes preparing and filing your 2018 Business Taxes. Due to recent changes to the tax code, navigating tax filing as a small business owner can be confusing. Here, we’ll discuss the particulars of how to navigate filing your 2018 small business tax return.
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Important Tax Deadlines for filing 1099s
Here, we’ll lay out some important deadlines for W-2s and 1099s to keep you and your business compliant, and avoid the fees levied on business owners who fail.
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How a receipt scanning app can save time, money and pain come tax time
Small business owners have a lot on their plates, especially at the beginning of the new year. All too often small business owners face the nightmare scenario of having to cull together a quarter or year’s worth of business expenses. Here’s how a receipt scanning app can alleviate this and other issues in a number…
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Top five small business tax mistakes that can come back to haunt you
It’s fall and Halloween is upon us, so who doesn’t like a good scare? Well…when it comes to tricks and treats, small business tax prep doesn’t sit well in the trick category. When doing your taxes, there are plenty of different methods that can be used to create the most favorable outcome possible for your specific…