by Admin | Mar 30, 2023 | Business Taxes, Entrepreneurial, Individual Taxes
If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come back to bite you. When the worker is your employee, your...
by Admin | Mar 16, 2023 | Entrepreneurial
According to one recent study, workers who make up the “gig economy” contributed roughly 5.7% to the gross domestic product of the United States in 2021 alone. If you needed a single statistic to help underline what a significant shift this has become in...
by Admin | Mar 9, 2023 | Business Taxes, Entrepreneurial, Tax Planning
Whether someone travels for work once a year or once a month, figuring out travel expense tax write-offs might seem confusing. The IRS has information to help all business travelers properly claim these valuable deductions. Here are some tax details all business...
by Admin | Feb 23, 2023 | Entrepreneurial, Tax Planning
In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The IRS’ Gig Economy Tax Center...
by Admin | Feb 14, 2023 | Business Taxes, Entrepreneurial
As it does every year, the Internal Revenue Service recently announced the inflation-adjusted 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan....
by Admin | Feb 2, 2023 | Entrepreneurial, Individual Taxes, Tax Planning
Individuals and small businesses should consider various ways of starting off on the right foot for the 2023 tax year. W-4 Updates – If you are employed, then your employer takes the information from your Internal Revenue Service (IRS) Form W-4 and applies it to the...
