Dear client, Being self-employed can be one of the most freeing and fulfilling things in one’s life. However, with that ownership comes responsibility – specifically a 15.3% self-employment tax. Why Do I Owe Self-Employment Tax Self-employment tax covers
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What should you do if your state says you didn’t file a tax return? The Best Strategy Is To Be Proactive eFile your return and keep the receipt that shows it was processed. If you mailed, either mail
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If you receive income through social payment apps (Venmo, Cashapp, etc.), you may be in for a surprise this upcoming tax season. CHANGES Beginning this year, taxpayers must report to the IRS transactions of $600 or more that
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Before you get involved with other things, schedule a mid-year checkup. No, we’re not talking about the height/weight/blood pressure kind of checkup, we’re talking about the income statement/balance sheet/cash flow kind of checkup — a review of your
Read MoreIf you’re confused by the difference between LLCs and S Corps, this article is for you! Here, we clarify the difference and provide guidance on which option is best for you. Before we get to the best qualification
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Nebraska business owners have something to be excited about. Early this month Governor Jim Pillen signed LB754 into law. This enacts several tax reforms including the Pass-Through Entity Tax (PTET) and lowers the income tax rate for the
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