Freelance writing is a growing industry. According to the Bureau of Labor Statistics, this job niche is expected to grow 4% through 2032, which is at an average rate when compared to other types of jobs. While freelance writers are most often independent contractors, like any other type of occupation, they need to pay taxes […]

Freelance writing is a growing industry. According to the Bureau of Labor Statistics, this job niche is expected to grow 4% through 2032, which is at an average rate when compared to other types of jobs. While freelance writers are most often independent contractors, like any other type of occupation, they need to pay taxes […]

An estate is a legal entity formed at the time of an individual’s (“decedent’s”) death and consists of all assets. Essentially, an estate equates to an individual’s net worth, which is distributed upon a person’s death. This includes, but is not limited to personal property, real estate, motor vehicles, boats, cash, and other items of […]

An estate is a legal entity formed at the time of an individual’s (“decedent’s”) death and consists of all assets. Essentially, an estate equates to an individual’s net worth, which is distributed upon a person’s death. This includes, but is not limited to personal property, real estate, motor vehicles, boats, cash, and other items of […]

A challenge all business owners face is failing to correctly file their taxes and not knowing their tax liabilities. In fact, many owners suffer anxiety and stress over it. Aside from the complexities of doing taxes, there is the issue of errors. Making tax mistakes can come with significant consequences, such as audits, fines, and […]

A challenge all business owners face is failing to correctly file their taxes and not knowing their tax liabilities. In fact, many owners suffer anxiety and stress over it. Aside from the complexities of doing taxes, there is the issue of errors. Making tax mistakes can come with significant consequences, such as audits, fines, and […]

Many new business owners often ask themselves, “What is tax liability?” In basic terms, tax liability is money business owners must pay to the IRS, state tax collection agencies, and (if applicable) local tax agencies each year. Like personal taxes, business taxes must be paid by specific deadlines. It’s common for business owners to seek […]

Many new business owners often ask themselves, “What is tax liability?” In basic terms, tax liability is money business owners must pay to the IRS, state tax collection agencies, and (if applicable) local tax agencies each year. Like personal taxes, business taxes must be paid by specific deadlines. It’s common for business owners to seek […]

Filing tax returns can quickly become quite complex, especially if you run a business. An important aspect of filing taxes is to know when and who you can claim as a dependent on your tax return. Dependents can help reduce your tax obligation and often allow you to claim a tax credit. In this post, […]

Filing tax returns can quickly become quite complex, especially if you run a business. An important aspect of filing taxes is to know when and who you can claim as a dependent on your tax return. Dependents can help reduce your tax obligation and often allow you to claim a tax credit. In this post, […]

Small business owners spend much of their time wearing many hats. Aside from ensuring operations are functioning properly, they must also think of important tasks not related to day-to-day business, such as their business and personal taxes. For many small business owners, the two are entwined. Tax season has just wrapped up, but it is […]

Small business owners spend much of their time wearing many hats. Aside from ensuring operations are functioning properly, they must also think of important tasks not related to day-to-day business, such as their business and personal taxes. For many small business owners, the two are entwined. Tax season has just wrapped up, but it is […]

Managing accounting tasks is a large undertaking for any business owner, but it can be incredibly challenging for small business owners. In fact, only one in three small businesses feel prepared for tax season, with 19% feeling “completely lost and unsure” of where to start when it comes to taxes. Smaller companies typically do not […]

Managing accounting tasks is a large undertaking for any business owner, but it can be incredibly challenging for small business owners. In fact, only one in three small businesses feel prepared for tax season, with 19% feeling “completely lost and unsure” of where to start when it comes to taxes. Smaller companies typically do not […]

Filing taxes is one of the more cumbersome tasks associated with running a business. While not likely to be at the top of the list of any business owner’s favorite tasks, it is a necessary one to do. U.S. tax codes are not the easiest to understand, yet business owners need to be careful not […]

Filing taxes is one of the more cumbersome tasks associated with running a business. While not likely to be at the top of the list of any business owner’s favorite tasks, it is a necessary one to do. U.S. tax codes are not the easiest to understand, yet business owners need to be careful not […]

Running a business takes a lot of hard work. To continue to finance one’s dream, a small business owner might find themselves in need of more cash to continue operations or to expand. Finding funding can be challenging, but there are many good options, most notably loans. Loans are not a one-size-fits-all solution; there are […]

Running a business takes a lot of hard work. To continue to finance one’s dream, a small business owner might find themselves in need of more cash to continue operations or to expand. Finding funding can be challenging, but there are many good options, most notably loans. Loans are not a one-size-fits-all solution; there are […]

One of the most problematic issues in the modern digital age is identity theft. According to a U.S. Bureau of Justice Statistics’ October 2023 report, in 2021, approximately 24 million people were identity theft victims during the prior 12 months. Losses totaled an incredulous $16.4 billion. Identity theft can occur in many ways, and tax […]

One of the most problematic issues in the modern digital age is identity theft. According to a U.S. Bureau of Justice Statistics’ October 2023 report, in 2021, approximately 24 million people were identity theft victims during the prior 12 months. Losses totaled an incredulous $16.4 billion. Identity theft can occur in many ways, and tax […]