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.
Either because they lost a job, or because they needed to make extra money, many people became self-employed for the first time in 2009. When the tax filing deadline rolled around in April of 2010, many of these first timers weren’t ready to file.
Tax situations vary, and if you’re a freelancer, you’ve got some special considerations to think about when it comes to filing. Learn how to juggle twenty 1099s, tax-deductible SEP IRAs, and Schedule Cs.
Update: ExpensePro is no longer available. If you are looking for a way to manage your finances online, we suggest trying Mint.com, Intuit’s free personal finance service. ———————————- As a small business owner you probably spend lots of time collecting...