There's a lot to do when starting a new business which leaves little time for taxes. New business owners, freelancers, and first-time entrepreneurs can use this guide for a step-by-step path from choo…

One of the most important decisions you’ll make as a small business owner is determining the method and amount you’ll pay yourself. The law requires that you follow certain guidelines when it comes to…

Before you elect S corporation status, it's important to understand the amount of paperwork and the associated costs. Use this guide to understand how much it will cost to set up your S corp in New Yo…

Most startup founders feel like they're stretched thin, because they usually are. Early-stage founders and freelancers-turned-incorporated businesses should use this guide to help identify the best ou…

When you get paid on Upwork, the full amount lands in your account but it's not all yours to keep. This article breaks down exactly where that number comes from, what deductions can bring it down, and…

Entity compliance is a catch-all for everything involved in following and staying compliant with the laws and expectations that apply to your business, ensuring it operates smoothly. Use this guide fo…

If you've ever wondered what a 1099-K is and why it never seems to match your bank deposits, it's relatively simple. 1099 professionals should use this guide to understand how to reconcile their 1099-…

Learning essential bookkeeping tips and understanding the basics is vital, whether you're just starting out or have been handling your books for a little while. Use this article to learn the top small…

The answer depends on your net income and filing situation, but a starting point of 25–30% of net earnings works for most drivers. This article breaks down the two taxes you owe, a practical set-aside…