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 [...]

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 [...]

Realtors balance a fast-paced schedule of listings, client showings, closings, and unpredictable income cycles, which makes bookkeeping a challenge, if not [...]

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 [...]

Take the first step to streamlining your billing process with this free downloadable invoice template explicitly designed for small businesses, freelancers [...]

Understanding your annual depreciation formula ensures you’re not under- or over-deducting expenses and that your financial records stay compliant and reli [...]