There are perks and downsides to living the life of a freelancer. When it comes to handling taxes, however, there should be zero worries regarding tax liabilities estimates. Freelancers must navigate a host of tax responsibilities that are typically handled by a payroll department. Setting aside money...
Nothing can be more personally and financially rewarding than starting a business. Lots of financial and mental capital must be invested. This requires planning, steady decision-making and following a detailed plan. Below is a list of what it’ll take to get your business idea off the ground...
Calculating sales tax for business can be a confounding process for small business owners. Since sales taxes are imposed by a government entity (such as a state, city, county, or district), the amount is calculated based on the location of the sale of goods and...
Tax season comes to all businesses big and small, and can be a headache no matter how well you think you’ve prepared. For a small business owner wearing many (or all) hats in the business, it’s an unwelcome extra task sure to cause late hours...
Running your business requires a lot of energy. It also may demand a lot of time, some of it spent alone. These factors can lead to burn out, the last thing you need as you build momentum and grow your business into what you’ve always...
Employee movement is not uncommon. New opportunities, a desire for a new challenge or a new city may be some of the reasons why offices see regular turnover. What’s also all too common, unfortunately, is staff turnover stemming from employee dissatisfaction. And it’s just not one...
If you’re a retiree, you should check to make sure you’re paying enough tax during the year. The Tax Cuts and Jobs Act changed the way tax is calculated for most taxpayers, including retirees. Because of this law change, if you receive a monthly pension or...
Are you looking for a volunteer opportunity in your community? Here’s your chance to lend a helping hand. You can learn to prepare taxes and make a difference at the same time by becoming a volunteer with the Volunteer Income Tax Assistance (VITA) or Tax...
The IRS encourages everyone to use the Withholding Calculator to do a Paycheck Checkup, which is even more important this year because of tax law changes. Taxpayers who haven’t yet done this can follow the steps below for using the calculator. Results from the calculator will...
There are important changes that you need to know before the 2019 filing season begins. The IRS is launching the fall series of "Get Ready" communications and outreach messages to help you take action to file your tax returns timely and accurately next year. IRS.gov/getready provides...