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 quickly add up. The more successful you are, the more money you owe. You have probably heard of the saying “it takes money to make […]

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Unemployment Benefits for Freelancers and 1099 Contractors

With everything that has been going on for the last several weeks, most if not all people are feeling the economic pressure brought on by the coronavirus. With so many people out of work, and so many businesses forced to close, unemployment offices are seeing an influx of applicants. As a means to counteract some […]

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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 the most exclusive credit cards offered rewards, but now almost every major card offers some form of bonus program. Getting rewarded for spending is a […]

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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 support small businesses, so there are tons of resources available for qualified businesses. The government wants to give you this money, but you need to […]

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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 must choose one. The head of household deduction is one of the most beneficial filing statuses because it offers those who claim it a larger […]

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Who Qualifies for Coronavirus Direct Payments?

The economic turmoil caused by the coronavirus has been substantial, especially for small businesses. Many people have found themselves out of the job, which has put undue financial stress on many American households. In response to the economic impact of the coronavirus outbreak, U.S. lawmakers recently passed an economic relief bill to support the public […]

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Coronavirus Resources for Small Business

The coronavirus brought the U.S. economy to a virtual standstill. Mandatory social distancing guidelines have led to grounded flights, canceled reservations, and shuttered business. Small business owners are particularly vulnerable to these obstacles. Luckily, both the private and public sectors are offering extensive support for businesses impacted by COVID-19. These coronavirus resources will help you […]

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Coronavirus Update: IRS Announces Major Tax Deadline Extension

Many businesses face significant uncertainties as a result of the COVID-19 outbreak. Officials ordered most businesses to close, and the ones that remained open are struggling to keep up sales while maintaining health standards. At this point, a serious economic downturn seems avoidable. However, the government is taking drastic action to support businesses and individuals […]

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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. Understanding your tax rate is important because it can help you better strategize your taxes, and that could save you big money in the long […]

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NEW Host Tax Essentials Kit
Everything you Need for Airbnb Taxes

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