Latest Taxes News
What Is an Accountable Plan? A Guide for Self-Employed S-Corp Owners
You elected S corp status to save on taxes, and now you…
Can an LLC Write Off a Car Purchase? A Guide for Self-Employed Owners
You formed an LLC, business is growing, and you need a reliable…
EIN vs TIN: What’s the Difference for the Self-Employed?
A new client just emailed asking for your TIN, and you froze.…
Do LLCs Get a 1099? What Self-Employed Owners Need to Know
You hired a freelance editor last year and paid them through their…
What Is a Backdoor Roth IRA? A Plain-English Guide for the Self-Employed
A backdoor Roth IRA is a two-step process that lets high-income self-employed…
What Is Net Income? A Plain-English Guide for the Self-Employed
Net income is what you keep after expenses and taxes. Here is…
Do You Have to Pay Quarterly Taxes Your First Year? A Plain-English Guide for the Self-Employed
You left your W-2 job six months ago, the freelance income is…
Owner’s Draw vs Salary: How Self-Employed Owners Should Pay Themselves
Your accountant just asked whether you have been paying yourself through an…
What Is the Estimated Tax Safe Harbor? A Freelancer’s Guide
The estimated tax safe harbor is an IRS rule that protects self-employed…