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Self-Employed

Tax Tips for Coaches

July 9, 2019 July 23, 2019 / Jim Wang

Almost every kid played some type of sport while growing up. From basketball games to dance practice, sports can be a big part of a kid’s childhood and for most of those kids, receive instruction every week from a coach....

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Self-Employed

Tax Tips for Self-Employed Personal Trainers

July 1, 2019 July 24, 2019 / Jim Wang

The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020) and 2018 taxes, which should be filed by the April 15th, 2019 (or October 2019 with filed...

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Self-Employed

7 Tax Deductions for Wedding Planners

May 24, 2019 July 22, 2019 / Jim Wang

Are you a wedding planner? Wedding planners are in a unique business, which means you’ll have business expenses specific to the work you do which can lower your taxable income. Below we’ve shared seven tax deductions you don’t want to...

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Self-Employed

Making Money by Streaming Your Gaming Sessions? Here’s What It Means for Your Taxes

April 15, 2019 July 11, 2019 / TurboTaxBlogTeam

Did you know that some streamers make up to $500,000 per month live streaming their gameplay on Twitch, Facebook, or YouTube? While you may not be making quite that much, if you’re a gamer regularly earning any income from streaming,...

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Self-Employed

5 Tools Every Business Should Start With

April 12, 2019 June 21, 2019 / TurboTaxBlogTeam

This article was written by our partner, Square. If you’ve recently started a business, you’ve become accustomed to making decisions every day that affect your business. And with every decision, you’re trying to make it as successful as possible. You...

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401K, IRA, Stocks

What Does an IPO Mean for Employee Taxes?

March 29, 2019 April 1, 2019 / TurboTaxBlogTeam

As you’ve probably seen, there’s a wave of tech companies with hotly anticipated Initial Public Offering (IPO) announcements expected this year which could have the effect of creating thousands of millionaires overnight and countless more who’ll see their financial situation...

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Self-Employed

6 Tips to Help Side Hustlers and Self-Employed Bosses Stay On Top of Their Taxes

March 18, 2019 March 19, 2019 / TurboTaxBlogTeam

Drive for a ride-sharing company or sell homemade trinkets on Etsy as a way of pocketing a little extra cash? If you are side hustling on an ongoing basis and your goal is to make a profit you are considered...

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Self-Employed

Train Your Own Gym Clients? Make Sure You’re Snagging These Tax Breaks

March 1, 2019 July 11, 2019 / Ginita Wall, CPA, CFP®

If you are a personal trainer, you know what it takes to keep your body fit. But what about your self-employed business? Often personal trainers don’t even think of themselves as being in business, but they are. As a self-employed...

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Self-Employed

Is Your Pet Insta Famous? Here’s What It Means for Your Taxes

February 27, 2019 February 28, 2019 / TurboTaxBlogTeam

Does your pooch have more Instagram followers than you do, receive free doggy swag bags and seem to be all-around living his #bestlife? If your furbaby is making money as an influencer, it could be viewed by the IRS as...

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Self-Employed

I Just Became A Self-Employed Real Estate Agent — What Does This Mean for My Taxes?

February 22, 2019 July 23, 2019 / Jim Wang

Did you become a self-employed real estate agent last year? If so, you now own your own business and can take advantage of a lot of tax benefits related to running your own business. It’s important to realize that becoming...

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