Need a Financial Plan A great business idea can get you started, but a solid financial plan keeps you going. As an entrepreneur, your success doesn’t just hinge on...
Tax Deductions for Small Businesses Small business owners often juggle multiple responsibilities, from managing clients to keeping cash flow steady. But one area that frequently gets ignored? Tax deductions....
Cryptocurrency on Taxes Cryptocurrency isn’t just a buzzword anymore—it’s a legitimate form of investment and payment. But with it comes IRS scrutiny. In 2025, if you buy, sell, stake,...
As 2025 unfolds, new tax laws and phase-outs are reshaping the landscape for individuals, entrepreneurs, and small businesses alike. Understanding these changes can help you reduce liability, avoid penalties,...
Self-employment tax is a major part of a self-employed individual’s IRS obligations. It includes Social Security and Medicare taxes that would otherwise be withheld from an employee’s paycheck. If...
Self-employment tax is often one of the largest tax obligations for freelancers, consultants, and small business owners. Fortunately, the Internal Revenue Code (IRC) provides several ways to legally minimize...
If you are self-employed, an independent contractor, freelancer, or have significant income without tax withholding, the IRS generally requires you to make quarterly estimated tax payments. Failure to do...
One of the key tax advantages for self-employed individuals is the ability to deduct health insurance premiums directly from their income. This deduction can significantly reduce your taxable income...
Startup Cost Deduction When starting a new business, many costs are incurred even before operations officially begin. Fortunately, the IRS allows business owners to deduct startup costs under specific...
Self-employed individuals have unique opportunities to save for retirement while reducing their current tax liability. Choosing the right retirement plan can significantly impact both your future savings and your...