Whether renting a room, car, or driveway, shared economies are on the rise, allowing people another way to make money. With shared economies comes questions about how this new found income will be taxed. Check out our sharing economy infographic...
Many freelancers I talk to will tell me that taxes are one of their least favorite things to get ready for. It’s definitely not my favorite part of being self-employed, but it’s necessary. Through the years I’ve streamlined my system...
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.
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.
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.
Congratulations on starting your new business. As a new business owner, taxes are probably the last thing on your mind. But since there’s no getting around them, here is some basic information about the forms you’ll need to file as a new business owner.