Latest Taxes News
1099 vs W2: What’s the Difference for the Self-Employed?
A recruiter offers you a role and mentions it is "1099, not…
What Is a 1099-SA? A Plain-English Guide for the Self-Employed
A 1099-SA is the IRS form that reports the money you withdrew…
What Is the Penalty for Not Paying Quarterly Taxes? An IRS Guide for Self-Employed Filers
You missed the June 15 quarterly tax deadline by two weeks, paid…
What Is a Fiscal Year? A Plain-English Guide for the Self-Employed
Your CPA just asked whether you want to operate on a calendar…
What Is Depreciation? A Plain-English Guide for the Self-Employed
Depreciation spreads the cost of business equipment across the years you use…
What Is a Tax Write Off? A Plain-English Guide for the Self-Employed
A tax write-off is a business expense that the IRS allows the…
Roth IRA vs Roth 401(k): Which Is Better for the Self-Employed?
You finally had a profitable year freelancing, your accountant mentioned you should…
What Is Gross Income? A Plain-English Guide for the Self-Employed
Gross income is the total money your business takes in before you…
What Is the Qualified Business Income Deduction? A Guide for the Self-Employed
Your accountant mentioned a "20 percent deduction" you might qualify for, and…