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…
If tax time doesn’t bring you a lone W-2, but instead a 1099-MISC — or even several of them — you’re no longer that unusual. More than one-in-five members of the working-age population are freelancers or self-employed, according to the Freelancer…
If tax time doesn’t bring you a lone W-2, but instead a 1099-MISC — or even several of them — you’re no longer that unusual. More than one-in-five members of the working-age population are freelancers or self-employed, according to the Freelancer…
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 …
