Introduction If your Shopify store (and eBay integration) is racking up hundreds of thousands in annual sales, basic tax compliance won’t cut it. High-volume sellers face unique planning opportunities...
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...
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...
Introduction Consultants and coaches—whether in business, fitness, life coaching, or professional development—often operate as self-employed professionals. This means they are responsible for self-employment taxes, business expenses, and estimated tax...
Introduction Running a restaurant or food business comes with high operating costs, fluctuating revenues, and complex tax rules. Fortunately, the IRS offers several deductions and credits that can help...
Introduction Tech startups face high initial costs, rapid scaling challenges, and complex tax requirements, but the IRS offers several tax breaks that can help entrepreneurs save money. By taking...
Introduction The IRS is intensifying efforts to combat tax fraud in 2025, focusing on high-income earners, cryptocurrency transactions, unreported income, and fraudulent deductions. With increased IRS funding, audit rates...
Introduction The IRS has introduced stricter reporting requirements for side hustle income in 2025, affecting freelancers, gig workers, and independent contractors. With the expansion of third-party payment reporting and...
Ever wondered why some businesses thrive while others struggle just to break even? The secret often lies not in what you make, but in how you manage and report...