Bitcoin and other convertible virtual currencies have gained a lot of traction over the last several years. In its infancy, there was a lot of grey area in terms of […]
Self Employed Tax Deductions: The Complete List
Taxes are an inevitable part of being a small business owner. If you own your own business or work as an independent contractor, you know that your tax bill can […]
Best Retirement Plans for Small Businesses
Traditional employees aren’t the only ones who can access tax-advantaged retirement accounts. In fact, freelancers and contractors have even more options for retirement savings. Two of the best retirement plans […]
Top 5 Airbnb Tax Deductions For Hosts
Airbnb tax deductions can help hosts save a bundle at tax time. Each deduction reduces your tax liability, so they play an important role in tax planning. There are tons […]
Are Credit Card Rewards Taxable?
Many lenders offer credit card rewards as an incentive to attract customers. These bonus goodies come in the form of cash, account credits, airline “miles”, and much more. Previously, only […]
How to Access Coronavirus Relief Loans
The coronavirus outbreak brought the U.S. economy to a grinding halt, and the resultant economic fallout devastated the small business community. However, the government recently approved billions in funding to […]
What Is the Head of Household Deduction?
How you file your taxes has a lot to do with how much money you save on your tax bill. The IRS has 5 different filing status options, and you […]
Sharing Economy Income and Social Security Benefits
We’ve been receiving numerous inquiries from people who have Sharing Economy Income and also Social Security Disability Insurance (SSDI). If you’re on SSD or SSI, sharing economy income can impact […]
Best Time Management Apps for Small Business
Are you missing an important deduction, one that will help you live the freelancing lifestyle from wherever you travel? If you write for others from someplace other than a repurposed […]
How to Calculate Effective Tax Rate
One of the leading questions when it comes to tax preparation is, what determines my tax rate? Tax rate measures the percentage of your income that you pay in taxes. […]