Tax deductions are crucial for filing your tax return if you don’t want to pay more than your fair share. Tax deductions work by deducting eligible expenses from your overall taxable income. Less taxable income means owing less in taxes, and it can even mean slipping down a tax bracket. The expenses you can claim […]
If you’re a freelance worker, tax season is already here, and you have a few weeks to file taxes. A few things to know before filing taxes may help you. You may qualify for tax deductions for your work, which can help you decrease your taxable income. There are also things to know, such as […]
Working for yourself is a dream for many. It’s liberating to be able to set your own hours and make decisions for yourself. You’re in control of your work as opposed to serving as a cog in someone else’s system. On the other hand, however, there are many critical administrative things an employer does for […]
If you want to make your products accessible and get them in front of as broad an audience as possible, Amazon is the biggest online marketplace around, and there are some important things to learn about taxes for Amazon sellers. There are some unique processes and rules around selling on Amazon, however, and it’s important […]
Rental properties are a convenient way to increase assets. Capital gains tax may play a significant role in rental property landlords’ investments. The exact amount you may owe in capital gains tax can depend on different criteria, but there are ways you can avoid paying capital gains tax. Here is what you should know about […]
Not everyone can make a living with TikTok, but anyone can try. There’s never been a better time for young, media-savvy influencers to try to build a following and a career on social media platforms like TikTok and Instagram. Some influencers set out from the beginning hoping to make it big, while others start out […]
Being self-employed brings with it a lot of independence. You get to make your own choices and set your own hours. You work when you want to work! But for better or for worse, that independence also means a lot more responsibility. You’re operating your own small business, and as a result, you’re responsible for […]
Truck drivers are some of the most resilient workers in the country. Long-haul trips, maintaining compliance with the FMCSA, and dealing with poor weather conditions and other drivers are all things truck drivers must deal with regularly. To top it off, truck drivers who are also owner-operators have additional tax requirements to consider. Here is […]
The hottest new trend in digital finance is the non-fungible token, or NFT. Countless people are buying their way into it, and in some cases making a significant amount of money! The NFT itself is not an entirely new concept, but the market developing around them is a brand new phenomenon. The NFT market depends […]
The COVID-19 pandemic hit the United States in the middle of the 2020 tax season. Uncertainty, social distancing, and state-mandated lockdowns greatly impacted our economy. More businesses have opened back up, and some areas have returned to at least some sense of normal pre-pandemic operations. So what does that mean for calculating your taxes? Early […]
