If you follow the news at all, you know a new law was passed on December 27, 2020. While most public attention focused on stimulus checks and new PPP loans, there were other nice benefits in it. The bill contained 8 tax breaks for US taxpayers especially for those who...
Are you self-employed or had an asset sale, or rental property? Way to go! Cha-ching! However, it's important to know if you owe estimated tax payments. Do you fit any of the following? You carry on a trade or business as a sole proprietor (single-member LLC included)...
Can you believe the end of the year is just around the corner? Now is the time to plan for 2020 taxes! Let's go over 7 helpful last-minute business tax deductions to help you reduce your 2020 taxes. 7 last-minute business tax deductions 1. Prepay Expenses Using the...
Are you one of the many millions of Americans who filed for unemployment in 2020? Have no fear since you're not alone. However, it's important to understand paying taxes on unemployment benefits. While it's been great for so many to receive the extra benefits from...
You've filed your tax return for the year. You feel good about it. However, I'm here to warn you about 5 tax deductions that could get you in trouble. It's super common for taxpayers especially self-employed individuals to make write-off mistakes. It's simply because...
The $2 trillion COVID19 economic recovery bill titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) offers, among many things, some meaningful tax relief. Let's go over two tax relief measures in the CARES Act that can potentially benefit IRA...
Has your financial advisor ever lectured you about the wonderfulness of a Roth IRA? Maybe they advised you to convert traditional IRAs into Roth accounts. Sound familiar? Well, now's the time to do a Roth IRA conversion. In hindsight, maybe that was a good thing you...
Health insurance is no fun topic. There's lots of debate around the necessity of paying high premiums. However, if you're self-employed (i.e. you work as a contractor or freelancer), then pay attention. It's important to know how to take health insurance as a tax...
With everything that is going on recently, I'm getting lots of questions about when, how and who will receive the stimulus check as part of the latest government actions. Specifically, I'm talking about the CARES Act passed by the US government just last week. So,...
No matter where you currently are parked, you're likely being impacted by this crazy coronavirus pandemic. I'm also guessing that you are worried about how it will impact your business finances including taxes. Now's the time to create a financial plan. I'm sure many...
Hi! I’m Heather Ryan, EA and I live full-time in an RV with my husband and two dogs. As a full-time digital nomad, I understand many of the unique tax situations created by travel. I also fully support entrepreneurs and the struggles they face. The goal of this site is to offer my knowledge through advice and tips to real-life situations and questions.
Are you getting ready to transition to full-time RVing? Are you already on the road?
This book has everything you need to know about taxes as an RVer.
By the end of the course, you’ll understand how to register your business, stay organized with expenses and income, and keep on top of your tax obligations.
Disclaimer:
This website is for general information only and is not intended to substitute for obtaining legal, accounting or financial advice. It is not rendering legal, accounting or other professional advice. Presentation of the information on this website is not intended to create a client relationship. For specific tax assistance please consult a tax professional on an individual basis.
While I make every effort to furnish accurate and updated information, I do not guarantee that any information contained in this website is accurate, complete, reliable, current or error-free. I assume no liability or responsibility for any errors or omissions in its content.