Today, we're talking about something that could save your side hustle from becoming a tax headache. Did you know that side hustlers added a massive $1.4 trillion to the US economy last year? That’s trillion with a T! But here’s the thing—along with that success comes some serious tax responsibili...

Imagine earning billions of dollars annually and paying zero dollars in federal taxes. Sounds unbelievable, right? But for Tesla, the electric vehicle powerhouse led by Elon Musk, it's a reality.

While hardworking families get their taxes deducted every paycheck, some of the wealthiest companies...

Imagine waking up one morning to find your entire financial history—years of bookkeeping and tax data—vanished.

That’s the nightmare 35,000 businesses faced on December 27, 2024, when Bench Accounting, once a leader in the bookkeeping industry, abruptly shut down its platform. There was no warni...

Is the Economy Really Headed for Trouble?

Every time you hop onto YouTube, there’s a new video warning about an upcoming economic collapse. It’s hard not to feel a bit overwhelmed. Let’s face it—the stock market, Bitcoin, and even housing prices seem unusually high right now. Businesses are clos...

BOI, or Beneficial Ownership Information Reporting, is now a must-do for most businesses. If you don’t follow the rules, you could face a $10,000 fine and up to two years in prison. Also, if someone breaks the BOI reporting rule on purpose, they could get a civil fine of $591 for each day they do...

Introduction: 2024 Tax Season Wrap Up

Tax season has finally wrapped up and I can finally relax a bit. This was my ninth tax season working for myself, and I have to say it was the most successful tax season to date. This is in terms of the amount of money I made and that it was mostly stress-fr...

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for your si...

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series aimed at simplifying the tax puzzle for your si...

So you have a side hustle and you're probably confused about how to pay taxes on your side hustle income.

Am I right?

Navigating the tax landscape with a side hustle can be confusing, but you've come to the right place! This is a three-part series designed to demystify the tax implications of y...

Today, I wanted to address a common mistake with S Corporations, and how owners/shareholders often incorrectly deduct their health insurance premiums.

I'll give you a high-level overview of how this works within an S Corporation structure – no deep dive, just the essentials you need to know. Thi...

Hey there, small business owner! Do you dread tax season as much as I do? Even as a CPA, I've faced tax situations that made my head hurt. 

Today I'm revealing the Top 3 Tax Questions every small business owner absolutely needs to know. 

Just for reading my blog post, I have a special gift for ...

So, you’re starting a business, and you’re probably overwhelmed by the choices from LLC, sole proprietorship, corporation, or partnership.

I’m here as a CPA to explain to you, and break down the pros and cons of each of these business types, and who they’re best for.

I’ll also share my #1 perso...