If you are working as a freelancer or gig worker, you are one of many. Millions of men and women are earning extra income driving for ride sharing services, designing websites for online entrepreneurs, and writing for local businesses. A number of freelancers and gig workers have even waved goodbye to their traditional careers, trading… Read More
Being an adult has its benefits, from being able to rent a car and book a hotel room to the chance to earn a living and rent an apartment. But life as an adult also comes with some challenges, including the burden of filing and paying taxes. If this year is the first time you… Read More
If you’re hitting the jackpot, make sure you save a little for Uncle Sam. Whether you gamble all the time or only once in a blue moon, you are filled with hope and excitement every time you walk through those casino doors. If you have been gambling for even a little while, you already know… Read More
Everyone makes mistakes, so be sure you know what to do if you made one on your last tax return. Tax returns can be complicated and tricky to understand. Even for an expert, it can be surprisingly difficult to get every number and detail right. Many times, you only notice the mistakes when you take… Read More
Being a freelancer carries a number of important benefits, from the ability to make your own hours to the freedom to work from virtually anywhere. But being your own boss also comes with some big challenges, including how to prove your income to a skeptical mortgage lender or reporting your income accurately when filing your… Read More
Many of our clients that come to us with back tax problems are self-employed. For one reason or another, they fall behind on their taxes. With COVID-19, small businesses have been hit the hardest and despite the government stimulus bills, there are still millions of businesses teetering on the edge of failure. It’s understandable that… Read More
Many people dream of quitting their jobs and going into business for themselves so that they can pursue a passion and work without a boss. Self-employment can be a rewarding career decision, but it can lead to higher taxes and tax returns that are more complex that what you initially bargained for. If you’re self-employed,… Read More
The upswing of freelancing, self-employed and gig work is one of the biggest labor stories of the last 20 years. More and more workers have been looking beyond the normal nine to five and making their own way in the world, creating an income they can rely on, one that is directly tied to their… Read More
A friend of mine recently told me that to enroll their kid in dance lessons, violin lessons, or swimming lessons, the price is $90/month. That can certainly add up! What if your business was structured in such a way that provided an opportunity for you to pay for those expenses with pre-taxed dollars? Hiring your… Read More
If you are a procrastinator, tax filing season is probably one of the worst time of year. With deadlines looming, filling out all those complicated forms and making sense of an increasingly complex tax code that changes almost every year can seem like an overwhelming task. But no matter how long you put it off,… Read More