Filing taxes can be a headache for any small business. But, corporations, in particular, face a unique set of challenges. Sole proprietors file a Schedule C with their personal tax […]
IRS Schedule C Instructions For Independent Contractors
For independent contractors, filing taxes is a little more complicated. Contractors don’t have an employer, so they’re responsible for paying taxes and reporting their income. 1099 contractors must use IRS […]
Does High Inflation Impact Real Estate Investments?
JPMorgan Chase CEO Jamie Dimon directly addressed inflation on a recent earnings call. He stated that, “inflation could be worse than people think,” and “I don’t think it’s only temporary.” […]
Can Section 1231 Help You Save on Taxes?
Most business owners know the IRS taxes long-term capital gains at a lower rate than ordinary income. However, Section 1231 of the Internal Revenue Code offers an exception to this […]
A Complete Guide to IRS Form 8995 and How to Use It
Many business owners have heard of IRS Form 8995. But what does this do for small businesses? And how can you use IRS Form 8995 to save your business money? […]
Top 5 Tips to Reopen Your Airbnb
With most of the pandemic finally behind us, many places around the country are starting to reopen. With bookings picking up throughout the country, it’s a good time to think […]
Should I File With Schedule C-EZ?
As a small business owner, it’s easy to become overwhelmed with tax-filing requirements. The number of different IRS forms can seem extremely confusing. For example, in 2018, qualifying businesses could […]
Can Airbnb Help You Save on Taxes?
It costs money to make money. And running your Airbnb business is no exception. You have to account for cleaning costs, maintenance expenses, supplies, and listing improvements. While it seems […]
Free Self Employment Tax Calculator and Other Tax Resources
Owning your own business or working as an independent contractor has its perks. You can set your own rate, and work when and where you want. This is what has […]
How Does VRBO Work?
The short-term rental industry has been on the rise over the last several years. While travel restrictions and mandates put a damper on the travel industry during the pandemic, things […]