Explore two popular retirement plans, SEP IRA and Solo 401(k), for the self-employed in this overview, focusing on their benefits, drawbacks, and the strategic considerations for choosing between them. Learn...
For many teenagers, summer often means a time for family barbecues, swimming in the pool, and working a summer job. For many parents, this means dealing with the tax implications...
Click Here to view this article in PDF format. Benefits of Using a Paid Preparer for Your Taxes Why use a CPA? With so many do-it-yourself tax programs available for sale, it...
Self-employed individuals may be entitled to tax credits related to COVID-19. A self-employed individual who regularly carries on a trade or business, and would have been eligible for qualified sick leave...
Gig workers represent a growing segment of the economy. And no matter what the job or app, they all have one thing in common: income tax obligations. This article explores...
Click Here to view this article in PDF format. In order for a business owner to know how to treat payments made to workers for services, he or she must first...
Click Here to view this article in PDF format. Deductible Expenses In order to be a deductible, business expenses for travel, lodging, and meals must be ordinary and necessary. An ordinary expense...