preparing for self-employment taxes

preparing for self-employment taxes

  • Should You Hire An Accountant For Your Startup Business?

    Are you worried about financial issues such as cash flows, projections, and taxes in your new business? Do you have problems convincing potential investors of your financial feasibility? Perhaps it is time to engage a business accountant. As an entrepreneur, yours is to execute your business idea and make it work. An accountant ensures your business does not die before it takes its first steps. Here are some reasons to engage an accountant for your startup business.

  • Should You Hire A Tax Professional This Year?

    Tax day is right around the corner. Will you be ready? Some people have it easy tax prep-wise; They go to work, come home, and make small purchases that don't require much documentation. Teenagers usually fit into this category. However, most responsible adults do things that can make their taxes quite difficult to prepare. Several of these situations will be discussed presently, but you should know that there is a relatively easy fix to hard-to-prepare taxes: hire a professional.

  • 3 Ways To Lower Taxes On A Big Severance Package

    Do you expect to receive a large severance package in the near future? While a generous severance package upon leaving an employer is a good thing, it can have a big impact on your tax bill. What can you do to minimize this impact? Here are three strategies you might take depending on your situation. 1. Maximize Deferred Retirement Contributions If you're not contributing the maximum allowed to retirement accounts, this is a good place to start.

  • Is Your Spouse Hiding Money? 4 Way A CPA Can Help

    Do you suspect that your spouse is hiding financial secrets from you? Sadly, for many couples who may be nearing the point of needing a divorce, money secrets can be common. They can also be costly and stressful for the innocent spouse. With the help of a CPA (certified public accountant), you can learn more about your joint finances. 1. Go Over Old Taxes Income tax returns are a big source of financial misdeeds by less-than-scrupulous spouses.

  • It's That Time Of Year Again: No, Not Christmas — Tax Time!

    Certified public accountants work all year long, but they really start to gear up around mid-January. People who want to file their taxes early are scrambling to get appointments, and those who put it off will still have to schedule appointments prior to April 12th in order to have their taxes filed on time via digital means. If you are the type that tends to put this off every year, here are three reasons for getting on the ball and getting your taxes done and filed early this year.

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    preparing for self-employment taxes

    Self-employment comes with a lot of responsibilities. Not only do you have to stay on top of getting your work done, but you also have to be aware of the taxes that come into play when you are self-employed. So, do you understand how self-employment impacts your taxes? Are you putting enough money aside to pay your tax bill at the beginning of the year? Do you file quarterly tax reports? This blog will help you stay on top of your self-employment taxes so that you don't find yourself stuck with a huge tax bill that you struggle to pay.