Suddenly Self-Employed? Key Tips for Combining W-2 & 1099 Income
Given the focus in May on National Small Business Week, (May 1 to 7) and the end of the tax filing season, if you find yourself transitioning from regular wage-earning employment income (reported on a W-2) to self-employment (tracked by those who pay you on a 1099)…
Tax Day is Coming! Can’t Make the April 18 Deadline?
File an Extension for Freelance Taxes Now to Avoid Fines and Penalties…
Crowdfunding for Your Freelance Business? Be Prepared to Report and Pay Tax on the Contributions
The IRS views any crowdsourced funds the same as any other business or personal income. As a result, you will be taxed on it.…
Cashing In on Crypto? Getting to Know HIFO!
It Can Save You Significant Tax Dollars…
Freelance Businesses Claiming the Employer Retention Credit Now Face an Increase in Taxable Income
The Employer Retention Credit (ERC) was first introduced in 2020 as part of the U.S. government’s relief for small businesses who were adversely affected by the pandemic…