1-800Accountant Blog

small-business-tax-deductions-checklist

The Ultimate Small Business Tax Deductions Checklist

If you dread tax season every year, you’re not alone. It’s easy to wait until the last minute to prepare and file your small business tax return and figure out your small business tax deductions. No one likes the idea of losing money, and the complex record-keeping and paperwork required can make the whole process […]

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How Will My Side Hustle Affect My Taxes?

It’s the age of the gig economy. It’s not unusual for people to work multiple jobs and have a variety of income streams. Perhaps you spend most of your time working with an employer, but you’ve got a side hustle to generate more income.  There’s nothing wrong with working on a side hustle to augment […]

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How to Maximize Your Tax Breaks before the End of the Year

The year is almost over, and the holidays are quickly approaching. A lot is going on between last-push marketing efforts, holiday sales, and trying to carve out time to enjoy the holidays. One more thing that you might want to consider is how to maximize year-end tax breaks. You have options available, and you still […]

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Commonly Missed Tax Deductions for Freelancers

If you’re a freelancer, you’re used to doing everything yourself. While clients can be a challenge at times, you run your work by yourself and never have to rely on anyone else.  Of course, doing everything by yourself can become a problem when tax season comes around, and you have to work on your return. […]

doordashers-taxes

What Do DoorDashers Pay in Taxes?

DoorDashers work hard to deliver food and groceries to their customers. What DoorDashers pay in taxes for their work is a part of the job, but it’s something that could easily slip through the cracks.  There are a few things worth considering when it’s time to pay taxes. Tracking expenses can make claiming your deductions […]

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How to Maximize Year-End Charitable Giving in 2021

The end of the year is rapidly approaching. And while you might be eager to kiss 2021 goodbye, you might not like how fast it’s coming to a close. There are a lot of critical year-end tasks (like maximizing charitable giving!) and considerations for people and businesses. The end of the year is a busy […]

2021-end-year-tax-checklist

2021 End-of-Year Income Tax Checklist

Now is the time to get started on your end-of-year tax checklist. Check out our recommendations to get on top of the 2021 tax season. 1. Maximize Retirement Contributions The first item on your end-of-year tax checklist is to maximize retirement contributions. You can maximize your retirement contributions whether you have a Roth IRA or […]

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Top Tax Deductions for Food Delivery Drivers

On-demand food delivery services, already on a steady rise, have exploded in demand over the past couple of years. Uber Eats, DoorDash, GrubHub, Postmates—the list goes on! Food delivery drivers, especially those in major metro areas, typically don’t have to worry about a shortage of work. However, something they do need to keep in mind […]

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Taxes on Unemployment Benefits: What You Need to Know

Unemployment benefits have been a lifeline to many taxpayers—especially when it came to the COVID-19 pandemic. If you received or currently receive unemployment, you may wonder if you’ll need to pay taxes on the benefits this upcoming tax season.  There are two things to consider: 1) Federal government taxes and 2) How states charge taxes […]

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Why NCAA Student-Athletes Need 1-800Accountant

We’ve entered a new era of college athletics. After stunning shifts in NCAA policy in the middle of 2021, the door has been opened for countless college student-athletes to make money with sponsorships and advertising based on their name, image, and likeness.  This is a dramatic change for schools, advertisers, and, most of all, student-athletes. […]