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.
Freelancers with Crypto Income: Get Up to Speed on New IRS Guidance and Reporting Requirements for Digital Assets
Here are some key points regarding cryptocurrency and digital assets to keep in mind when you are completing your 2022 tax return and planning for the 2023 tax year.…
Breaking News on Payment Platform Tax Reporting: The IRS Delays $600 Reporting Threshold for 1099-Ks
The IRS has just announced a delay in the income reporting thresholds for third-party settlement organizations like PayPal, Venmo, & CashApp
Use This Checklist to Make Your Freelance Tax Filings Easier
Use This Checklist to Make Your Freelance Tax Filings Easier…
Hardship Accommodation Plan for Economic Injury Disaster Loans May Help Your Freelance Business Cash Flow
If your freelance business received an Economic Injury Disaster Loan (EIDL) during the COVID pandemic, it will soon be time to start paying it back, given that The U.S. Small Business Administration’s (SBA) extended 30-month deferment period is coming to a close.…
Reduce Your Freelance Tax Bill with These Top Year-End Deductions
With inflation in mind, here are the top ten freelance business expense deductions to consider claiming on your 2022 tax return…