small business owner

How to Make an Income Plan as a Freelancer

Freelancing is incredibly rewarding, but it does come with its own set of financial challenges. Unlike a typical 9-5 job, you as a freelancer are responsible for billing and tracking all of your own income. And that tends to be rather irregular. You ar…

Form 1099-MISC vs. Form 1099-K: What’s the Difference?

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…

S-Corp vs. C-Corp: What’s Best for Your Business in 2018?

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 …

Top Tax Deductions for Freelance Tutors

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…

Small Business Tax Deductions – The Ultimate List

As a small business owner, there are a variety of expenses you can use as tax deductions. Take a look at these common small business tax deductions and see if you qualify.1. Cost of goods soldIf you buy goods to sell, or if you make them yourself, you …