So you’re the proud owner of a new side business? Congratulations! But the work has just begun. Since you’ve decided to take the plunge, you should explore the money and tax issues that you’ll experience along the way. Let’s look at a few.
Ah, the joys of being self-employed, going to work in your home office in your pajamas, with nary a boss or employee to deal with. Some self-employeds fit that image, while other small business owners have formal offices and employees and infrastructure. But whichever business model is yours, TurboTax can help you file your taxes. Here are seven tax tips to help you cope as the tax deadline approaches. Full story
One of the best ways to improve your situation is to get a side gig. A new side job can help you boost your income and increase your financial stability. If you’re thinking about a side gig, now’s the time to start preparing – not next April!
Many W-2 employees already filed their tax returns and are enjoying hefty refunds while you, lucky business owner, are sorting receipts, and constructing accounting records, but it doesn’t have to be painful if you use Quickbooks, TurboTax, and follow these tips. Full story
A number of small business tax cuts have been extended into law. The specifics, though, are relatively unknown and rarely discussed. Journalists and pundits sweepingly refer to them all as “the small business tax cuts” rather than naming what each one actually entails. Today, we’ll take a closer look at some of these recent tax cuts and when they come into play for small business owners. Full story
Businesses are taxed differently than individuals are. Most entrepreneurs know this on some level, but few are aware of the specific differences and best practices that apply to them. Full story