Self Employed »
Perfect Time to Take A Mid-Year Tax Review Inventory
As the U.S. looks forward to the possibility of key tax changes over the next six months, it is the perfect time of year for taxpayers to take inventory of their current income tax
Read More »
Tax Beneficial Retirement Plans for Self-Employed
Often self-employed individuals struggle to plan for retirement without the backing of traditional business retirement plans. But self-employed individuals are not overlooked by the tax code. Here are a few tax-beneficial retirement plan options
Read More »
Self-Employed Californians Beware: Deduction Amounts Vary Ahead
Californian self-employed individuals beware. Your California deduction for self-employed taxes is not the same as the federal deduction. The federal 2010 Tax Relief Act increased the amount of self-employment tax that an individual may
Read More »
TIGTA Finds Unproductive Use of IRS Resources in Finding Small Business Nonfilers
The Treasury Inspector General for Tax Administration issued a report to the Small Business/Self-Employed Division finding IRS’s audit of business nonfilers to be unproductive. In 2009, the IRS implemented the Business Master File Case
Read More »
‘Taxes 101’ for Self-Employed Workers
The self-employed worker is generally required to file an annual return and pay estimated taxes quarterly, according to the Internal Revenue Service (IRS). Most self-employed individuals must pay self-employment tax (SE tax) as well
Read More »
Business Use of Car Deduction
Top Takeaways 1: Car Deductions Available for Business Use If you use your personal car for business purposes you may be able to deduct certain expenses. To deduct your business use of personal car
Read More »
