Employee vs. Freelancer: Tax and Financial Implications
Let’s say you decide to onboard a freelancer, an independent contractor. What should your next tax- and finance-related moves be? Let’s find out! What to expect when you onboard a …
Worst of the Worst: Top Personal Tax Errors
You can owe even more money if you make any mistakes on your tax return. This means you might miss out on the full refund you claimed. From interest and …
The 2024 Business Deduction Limitation’s Impact On Taxes
The tax landscape for businesses often changes, and 2024 is no exception. One area to pay attention to is the limitation on deductible business interest. Understanding how much interest your company …
10 Ways to Prepare Your Business for a Successful 4th Quarter
Fourth-quarter planning is crucial for business owners. It sets the stage for a successful year-end and prepares your business for the challenges and opportunities of the upcoming year. Here are …
Year-End Tax Planning for Cash-Based Businesses
As the year ends, cash-based businesses need to focus on tax planning. Cash-based businesses record income and expenses when the money is received or paid. To avoid surprises during tax …
Exploding Some Estate Tax Myths
If you own property and assets or have loved ones who depend on you to provide income or care, you should have an estate plan. However, some people hesitate to …