Like most other types of compensation you receive for performing services, the payment you receive from the federal, state, or local government for serving as a juror is generally...
Posted by Income Taxes and Bookkeeping LLC on 05/27/2022
A sole proprietorship is the default business type because most businesses begin that way. Sole proprietorships are taxed differently from other kinds of businesses because they...
Posted by Tiffany Gaskin on 05/27/2022
We usually leave tax planning until it is the last minute. When you open your to-do list for that day, there it is, the item you've been ignoring for weeks. It says, "Finish...
Posted by Rosovich & Associates, Inc. on 05/27/2022
Employees have their taxes withheld by their employers. So, how do the self-employed pay? The self-employed pay estimated taxes quarterly by due dates to the IRS. This way, they can...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 05/22/2022
Many people say entrepreneurship is an act of freedom. Being your own boss, determining your work hours with earnings control is surreal. However, the other side of the line is usually...
Posted by Tiffany Gaskin on 05/09/2022
There's no denying that Covid-19 has changed the lives of millions of Americans. Some people lost their jobs after the permanent closure of their businesses and are yet to get...
Posted by CORE PERFORMANCE on 04/24/2022
If you're self-employed, such as an independent contractor, or a freelancer, one question is probably the most important question regarding tax returns: How can I reduce my self-employment...
Posted by Taxes Made EZ Inc on 04/17/2022
The IRS takes into account taxable unemployment insurance income, which you must report on your federal tax return. The state's Division of Unemployment issues an IRS Form 1099-G...
Posted by James Financial Services Inc on 04/09/2022
Every independent contractor is considered self-employed by the IRS (internal revenue service). An independent contractor can operate as a limited liability company, a sole proprietor,...
Posted by Pat Raskob on 04/09/2022
