Finance

Jan 31, 2023

10 Not-to-be-Missed Deductions for Your 2022 Freelance Taxes

The IRS begins accepting tax returns soon, which means if you want to expedite any potential deductions so you can get your return sooner rather than later and reduce your tax burden as much as possible you should consider completing your tax return and consider these deductions.…

Jan 31, 2023

New Yorkers: File Your Taxes with NYC Free Tax Prep

The NYC Free Tax Prep services is now available to workers across NYC. The program provides free year-round income tax services to freelance workers and small businesses to help navigate tax filing, with an IRS-certified VITA/TCE volunteer preparers available to help you file.…

Jan 30, 2023

Tax basics: Understanding the difference between standard and itemized deductions

One of the first decisions taxpayers must make when completing a tax return is whether to take the standard deduction or itemize their deductions. As you think about filing their tax return, here are some things they should know about standard and itemized deductions.…

Jan 24, 2023

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) it will soon be time to start paying it back. To help freelancers who are still struggling financially, the Hardship Accommodation Plan provides the option of paying just 10% of monthly payments or $25 for up to six months.…

Jan 23, 2023

IRS sets Jan. 23 as official start to 2023 tax filing season; more helpavailable for taxpayers this year

The Internal Revenue Service today announced Monday, Jan. 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.…