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For freelancers and self-employed professionals, managing taxes independently represents a significant shift from traditional employment. Without automatic withholding, tax obligations must be addressed proactively throughout the year. Estimated…
Few things produce the kind of stomach-drop feeling that a letter from the IRS does. For most small business owners and individuals, the word "audit" lands somewhere between…
Understanding how money moves in and out of a business is easier when the accounting method matches the way the business actually operates. Many individuals and small business…
Your first year of freelancing probably felt liberating. No boss, no commute, just you and your laptop making things happen. Then tax season rolled around and you got…
Divorce changes almost every part of life—your routines, your relationships, your finances, and often, your sense of direction. Amid the emotional and logistical toll, it’s easy to overlook…
Losing someone close to you is never easy. The grief comes in waves, often when you least expect it. And just when you're trying to navigate those emotions,…
Few things create as much anxiety among taxpayers as the possibility of an IRS audit. However, the reality of audits is often far less alarming than you might…
Did you know it’s possible to make your vacation time tax deductible? But before you drag down the suitcases from the attic and pack the family SUV, you…
Being married brings many advantages besides having someone to help fold the laundry or comfort you when you’re having a rough day. Tax benefits are another benefit, although…
Failing to file your taxes for several years can feel overwhelming. Whether you missed deadlines due to life circumstances, a misunderstanding of tax obligations, inability to pay your…
Renting out a vacation home can be a lucrative venture, but it comes with a complex set of tax rules that homeowners must navigate to remain compliant and…
More people are engaging in remote contract work than ever before. Remote contract work offers almost as many advantages to workers and companies as full-time employment. However, this…
Caring for a loved one with dementia is a profound emotional experience. The gradual loss of memory, personality changes, and the increasing need for constant care can be…
More than ever, taxpayers are engaging in hobbies that bring in extra income to the household. There’s no limit to the creativity of humans, and hobbies run the…
Owning your own business has significant tax advantages. Ask anyone who has gone from being an employee to being their own boss and they’ll tell you the deductions…
If you've been busy rolling the dice at a crap table in Vegas, playing the lottery now and then, or betting on your favorite team to win a…
You may have noticed a lot of talk lately about something called, “universal basic income.” The increase in online chatter about universal basic income, or UBI, is likely…
As you know, most income you earn or receive over the course of a year is subject to being taxed. While in many situations the taxes are paid…
While most people are accustomed to being in debt for homes, cars, and other things, being in debt to the IRS is a different matter altogether. Since the…
Whether you are a business owner or an individual, meeting with your CPA is of course important when it comes to your taxes or other financial matters. However,…
If there is one thing you as a taxpayer want to avoid, it is being audited by the IRS. While the chances of it are usually very slim,…
When the time comes and you decide to hire someone to work for you as a housekeeper, nanny, caregiver, or similar job at your home, it’s vital that…
With the recent coronavirus outbreak, discussions of paid leave, and states of emergency, more attention has been paid to sick time and paid time off than ever before.…
Getting a divorce can be one of the most stressful times in your life. In addition to the emotional toll, it costs, on average, $15,500. As you split your…
Does it sometimes feel like your accountant is speaking an alien language? You hired a CPA in the first place so you could benefit from their many years…