You might be wondering whether it's time to make things official by forming your business as an LLC. Whether it's the right time depends on two factors that matter most: how much liability risk your w…

As your business income grows, so does your tax bill. While your small business may require minimal planning early, it's important to implement a pro-growth tax strategy as your operations mature. One…

Most small business owners know they should track deductible expenses, yet few have a clear sense of what their peers actually claim. This report draws on aggregated, anonymized data from the 1-800Acc…

In addition to study and practice, student-athletes are responsible for managing self-employment tax, quarterly estimated payments, and selecting deductions — responsibilities the average college stud…

Many pet sitters and dog walkers start their work as a side hustle through apps like Rover or Wag, or by building their own client base. What many of these sitting and walking professionals do not rea…

Knowing where to start and what qualifies as a deduction can be a challenge if you're managing taxes on your own. Owner-operators and other self-employed drivers should use this guide to trucker tax d…

With so many entrepreneurs operating in a competitive and highly regulated environment, working with the right professional accounting support isn't just a nice-to-have, but an essential part of your …

Starting a business as a sole proprietorship, a default entity, is often the simplest path for self-employed individuals. There is minimal paperwork, low costs, and full control, but sole proprietorsh…

The IRS expects documentation that clearly shows the details and purpose of each business expense. This guide explains what the IRS requires for expense documentation, when bank statements may help su…