Small Business Taxes and Tips | The TurboTax Blog

5 Tax Tips for Starting a New Business

May 11, 2018 January 4, 2019 / Ginita Wall, CPA, CFP®

If you are venturing out on your own, congratulations! Starting your own business can be tremendously rewarding, if you do it right. From business plans to market strategies, there’s a lot of important financial decisions ahead. So let’s start you...

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Self-Employed

How Holiday Bonuses are Taxed for Contract Workers

November 17, 2017 July 11, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. Are you expecting a year-end bonus...

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Self-Employed

Real Talk: I Missed the Estimated Tax Deadline. What Should I Do?

August 21, 2017 September 7, 2017 / TurboTaxLisa

Life gets busy when you’re running your own business. If you missed the estimated tax deadline, don’t worry. At least you’re conscious of the date and you know that estimated taxes exist. If the date passed you by, here are...

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Self-Employed

Even Self-Employed Bosses Need Time Off

August 4, 2017 / Elle Martinez

This year has been amazing, but also very packed for me business wise. I started the year off co-hosting a financial summit, published my book, Jumpstart Your Marriage and Your Money, and this week I launched my first course! I...

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Self-Employed

Tax Tips for Independent Retailers

July 26, 2017 / Jim Wang

If you’re an independent retailer, you may not be fully aware of all of the business tax deductions that are available to you. Some are obvious, like supplies and marketing costs, but there are many others that are easy to...

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Self-Employed

Social Media Tips for Your Small Business

June 30, 2017 September 7, 2017 / Elle Martinez

One of the great things about owning and running a business these days is the boundless opportunity. In the past, your clients likely lived very close to you. Now small businesses can have clients and customers all over the world!...

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Self-Employed

Three Reasons to Track Finances Year Round When You’re Self-Employed

April 28, 2017 / Jim Wang

Being your own boss can be liberating and terrifying at the same time. You set your own hours, decide your path and keep what you earn. You are also responsible for finding new work, building relationships and you aren’t paid...

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Tax Deductions and Credits

You Can Deduct That? 6 Surprising Tax Deduction Tips for Telecommuters

April 12, 2017 June 5, 2019 / Brie Weiler Reynolds

Working remotely offers professionals quite a few perks. No commuting, a comfortable office space and less stress are typically what comes to mind. But what about the tax benefits of working from home? Those exist, too! Let’s review some of...

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Self-Employed

Tax Tips for “The Sharing Economy”

March 4, 2017 August 22, 2019 / TurboTaxBlogTeam

How we perform our daily tasks and interact with one another is constantly changing. Many entrepreneurs and companies have been able to capitalize on these technology-driven opportunities, and have created a movement around sharing instead of owning. You may have...

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