Accounting, Bookkeeping, & Tax Blog

Many freelancers don’t realize that every dollar earned on Upwork must be reported to the IRS. Whether you receive a tax form from Upwork or not, you’re st [...]

With the final rules now in place for 2025 filings, it’s a good time to understand who qualifies, what counts toward the deduction, and how to prepare your [...]

When tax season arrives, many Fiverr sellers wonder how to report their income correctly, what deductions they can claim, and which forms they need to file [...]

Tracking business expenses is essential, yet it can quickly become overwhelming without a clear system. Using a simple and reliable expense report template [...]

This guide for the 2026 tax year breaks down everything you need to know about filing your taxes as an independent contractor, including the forms you'll n [...]

Understanding this concept is crucial for maintaining compliance, managing cash flow effectively, and avoiding unexpected tax liabilities. We’ll break down [...]

Using this free income statement template provides a clear and reliable view of your business's financial performance. By tracking revenue, expenses, and p [...]

As 2025 comes to an end, it’s time for individuals and small business owners to get their finances in order for tax season, as they both benefit from proac [...]

One of the most common and simplest inventory valuation methods is FIFO, short for "First-In, First-Out." This approach assumes that the first items purcha [...]