At the beginning of every tax season, you receive informational tax forms in the mail from your places of employment, financial institutions and all other organizations you did business with throughout the year that the Internal Revenue Service wants t…
If you work at home – even just part-time – you may claim a tax deduction for expenses related to your home office.
The new tax laws, however, may affect whether you are still eligible to claim those costs as a ta…
If you have to travel as part of being self-employed, you know traveling costs can add up fast. Fortunately, there are a few tax breaks available to offset those expenses.
Follow this quick guide to learn how to lower your ta…
Now is the perfect time to perform a mid-year review of your business activity, including your tax liability. Staying on top of these five things throughout the year will help you save time, money and make tax time much smoother!
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Freelancing brings a lot of great benefits to the table. You get to control your own schedule. You can charge what you want for your services. You can work from practically anywhere. Yet, being a freelancer also comes with its own set of challenges. On…
Who doesn’t love a good refund? There’s the kind you get when you return a shirt to the mall or complain because the Wi-Fi wasn’t working on your cross-country flight. And then there’s the kind that can really make a difference in your annual budget an…
In the wake of the Tax Cuts and Jobs Act, business owners nationwide are looking closely at whether incorporating as an S corporation or a C corporation will offer a greater reduction in their tax burdens over the long haul. While C corporations …
When it comes to “being your own boss,” Americans seem to have it covered. About 15 million people in the U.S. are self-employed, or 1 in 10 workers according to the Bureau of Labor Statistics. But when tax season rolls around, many hire tax profession…
Freelance tutoring is a great way to earn some extra cash. Sometimes it can even turn into your full-time income stream. But being a freelancer means you are an independent contractor, not an employee of a company. In this case, the Internal Revenue Se…
More than 60 percent of Americans are stressed about money, according to a survey from the American Psychological Association. And as spring approaches, the oft-cited stress of tax season doesn’t help. The good news is you can alleviate some …
