Running your own business offers you flexibility and freedom to do work you love. However, when it comes to things like contracts, taxes, and 1099s, it’s normal to feel a little overwhelmed. If you’re self-employed or run your own business, it’s...

Is your small business projected to make close to 100K or more in net profit this year? If so, you should consider classifying your business as an S Corporation (or “S Corp”). This move could save you thousands on taxes....

Imagine this: You are in the middle of a busy day, stressed with your various tasks, and suddenly someone appears with a delicately-wrapped gift basket. For a moment, you can take a breath and look at the new goodies someone...

Owning a business does come with some perks, especially during tax season. One of the best perks is writing off some of your business meals. Over the years the IRS has changed what can and cannot be deducted regarding business...

A common question popping up right now relates to dealing with 1099 forms. Do you need to only acquire a 1099-K form provided by PayPal or a similar third party payment processor, or should your client also send your business...

Tax season can be difficult for small business owners and knowing what income you need to report and what paperwork you need to fill out is oftentimes overwhelming.   One of the newest ‘tax’ forms that the IRS introduced in...