Finance
Why Should I File My Own Taxes Online?
We get it — filing your own tax return can be intimidating if you’ve never done it before. But once you get started, you might realize it’s much easier than you thought it would be. And it has benefits, too.…
Why You Should Consider an LLC the Right Choice for Your Freelance Business
In this article, we'll explore the benefits of an LLC for freelancers, including how to create one, how it protects them, and the business cost savings it provides. We'll also take a closer look at recent legislation in California, specifically AB5, and how it affects self-employed individuals.…
Setting Yourself Up for a Healthy Financial Future
Finances can be an overwhelming topic for anyone, especially freelancers who are dealing with a potentially inconsistent income. You don’t need to be an accountant to set yourself up for a healthier financial future. All it takes is a bit of preparation and organization.…
The IRS Needs to Know About Your Crypto - Here’s How to Report It on Your 2022 Freelance Tax Return
Now that it’s time to file your freelance taxes, you may have questions about how to report your cryptocurrency (now referred to as “digital assets'' instead of virtual currencies by the IRS). Here are answers to some FAQs about reporting them in compliance with the latest digital asset tax laws.…
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.…