Self-employed professionals juggle numerous responsibilities, and while taxes are often a top concern, devising a strategic plan typically gets pushed down the priority list. This can lead to overpaying taxes. Read on for some tax strategies to help self-employed...
self-employed
End-of-the-Year Tax Planning Tips for Your Small Business
We are nearly two years into the sweeping Tax Cuts and Jobs Act of 2017, the largest major tax reform in over 30 years, and one thing remains clear: strategic tax planning is key to lowering a business’s total tax liability. Below are some tips to think about...
Starting a Business? Here’s What You Need to Know About Self-Employment Taxes
Self-employment definitely has its perks, but being the master of your own ship also means answering to the IRS. Before jumping into your entrepreneurial adventure, make sure to learn the practicalities of self-employment taxes. Below are some crucial points that tax...
Top 10 Tax Deductions for Self-Employed Individuals
If you’re a freelancer, independent contractor, sole proprietor, or small business owner, you might be wondering how the implementation of the Tax Cuts and Jobs Act will affect you come tax season. With this in mind, below is a list of the top 10 tax deductions effective for this year. Qualified Business Income (QBI) Deduction […]