Accounting, Bookkeeping, & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

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Blog Hero_Do You Owe Taxes on NIL Income_ What to Know.webp
Taxes1099

Do you owe taxes on NIL income? Use this article to gain a better understanding of what counts as NIL income, how to report it, potential deductions to lower your taxable income, and other considerati…

Blog Hero_A Guide to Self-Employed Retirement Plans.webp
Small Business1099

Retirement savings for freelancers and sole proprietors is one of the more powerful self-employed tax write-offs available, since contributions directly reduce your taxable income for the year. Use th…

Blog Hero_When to Switch from Sole Proprietor to LLC.webp
Starting a Business1099

The lack of filing fees, forms, and complexity of a sole proprietorship made sense at the time. But as your modest business has grown into something bigger, that simplicity may have quietly become a r…