Posts authored by Jonathan Medows
Jonathan Medows is a NYC-based CPA who specializes in taxes for consultants across the country. His website has a resource section with how-to articles and information for freelancers.
May 11, 2022
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)…
Apr 11, 2022
Tax Day is Coming! Can’t Make the April 18 Deadline?
File an Extension for Freelance Taxes Now to Avoid Fines and Penalties…
Apr 4, 2022
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.…
Mar 16, 2022
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…