Sponsored by H&R Block For information only. Not all tax situations are the same. By Holly Reisem Hanna It’s tax time again, and if you’re anything like me, this time of year tends to generate a little bit of stress. Even though I’ve been filing tax returns since I was 15, with new tax rules […]
Handling Your Finances as a 1099 Contractor
By Deborah Sweeney Working from home is a dream of many, and running your own business is a great way to do just that. Chances are that, unless you’re selling a product, you’re doing a lot of freelance work. And when you freelance, businesses treat you as an independent contractor, or a 1099 contractor, which […]
Tips for Maximizing Your Tax Deductions
By Deborah Sweeney The deadline for filing your returns is a little over a month away. And, with around 20-25% of all returns filed within two-three weeks of that April 15th deadline, it’s probably safe to assume that a few of you are still working on those returns. A lot of small business owners depend […]
The 5 Tax Deductions Home-Based Businesses Can Claim
By Deborah Sweeney According to the Global Entrepreneurship Monitor, nearly 2/3rds of all businesses are started in someone’s home and, interestingly, 59% of the 3+ year-old businesses surveyed continue to operate out of the owner’s house. Operating out of your home, though logistically challenging, can save you a lot of money, so it makes sense […]
10 Tax Tips for Home-Based Business Owners
By Nellie Akalp If you just started your home-based business in the last year, you may be apprehensive about your first time filing and paying small business taxes. Never fear: these tips will make tax season easier for you. 1. Know Your Deductions. You might be surprised at all the expenses you can write off with […]