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...
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...
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...
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...
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...
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...
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...
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.
...
Today, we're diving into something very important for all you business owners out there - the top 5 money mistakes small businesses make, and of course, how to avoid them.
So, the first money mistake that small businesses make is...
#1 – Not Having a Budget
Imagine going on a road trip...
