As business owners, understanding the difference between W2’s, 1099’s, employees and contractors is critical. Failure to do so can result in costly mistakes. Unfortunately, misclassifying workers is common, especially in the land of small business. what is a w2?...
Confused by this spreadsheet? Keep reading. It was only a matter of time before the IRS came forward with guidelines for the PPP and taxes. On Thursday of last week, the IRS issued Notice 2020-32, which presents new challenges for business owners as they move forward...
TL;DR: Pick up the phone and call your reps in Congress, stat. Well, it happened. The Senate and the House each passed versions of the GOP tax bill that is (rightly) inspiring fear and dread in many Americans. Now the House and the Senate are starting the...
Your guide to estimated quarterly taxes, how much you have to pay, and when you have to pay them. When you’re an employee, paying your taxes is simple–you just tick off a few boxes on your tax form and viola, your taxes are paid. For freelancers, entrepreneurs...
You’ve got an important tax deadline coming up! What: First Quarter Estimated Taxes When: January 15th Why: If you own a business, you are required to pay estimated taxes quarterly. Confused? Read more about estimated taxes...
You’ve got an important tax deadline coming up! What: First Quarter Estimated Taxes When: January 15th Why: If you own a business, you are required to pay estimated taxes quarterly. Confused? Read more about estimated taxes here.