Category Archives: Self-Employed

Get Ready for Taxes: Filing Electronically a Safe, Easy Way to File

The following article was published by the IRS. The Internal Revenue Service said recently that it expects more than 90 percent of all 2017 individual tax returns to be prepared using tax software. The majority of those will be e-filed. … Continue reading

Posted in Accounting, Compliance, E-file, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Taxes, Year End | Tagged , , , ,

Standard Mileage Rates for 2018 Up from Rates for 2017

The following article was published by the IRS. The Internal Revenue Service today issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. … Continue reading

Posted in Accounting, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Deductions, Tax Relief, Tax Tips | Tagged , , , , , , , , , , , , , , ,

Get Ready for Taxes: What to Do Before the Tax Year Ends Dec. 31

The following article was published by the IRS. As tax filing season approaches, the Internal Revenue Service reminds taxpayers there are things they should do now to get ready for filing season. For most taxpayers, Dec. 31 is the last … Continue reading

Posted in Accounting, Compliance, IRS, Personal Finance, Planning Strategies, Self-Employed, Tax Tips

Helpful End-of-Year Tax Tips

Own a small business? Trying to brainstorm to make sure you remember all the details you need to pull together at year end for tax season? Here are a handful of useful tips to keep in mind over the next … Continue reading

Posted in Government, IRS, Planning Strategies, Self-Employed, Small Business Association (SBA), Tax Extensions, Tax Tips, U.S. Small Business Administration, YouTube | Tagged , , , , , , , , , , , , ,

As Hurricane Irma Threatens, IRS Urges Taxpayers to Prepare for Hurricanes, Floods and Other Disasters

For September’s National Preparedness Month, the Internal Revenue Service is offering advice to taxpayers who may be affected by storms, fires, floods or other disasters. After the devastation of Hurricane Harvey and with Hurricane Irma threatening parts of the U.S. … Continue reading

Posted in In the News, IRS, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips | Tagged , , , , , ,

IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes

The following article was published by the IRS. The Internal Revenue Service reminds small businesses of the many free products available to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and … Continue reading

Posted in Accounting, EFTPS, IRS, Payroll, Self-Employed, Tax Tips | Tagged , , , ,

Startups Can Choose New Option for Claiming Research Credit

The following article was published by the IRS. Eligible small business startups can now choose to apply part or all of their research credit against their payroll tax liability, instead of their income tax liability, according to the Internal Revenue … Continue reading

Posted in IRS, Planning Strategies, Self-Employed, Tax Tips, U.S. Small Business Administration | Tagged , , ,