Top 10 Coronavirus Stimulus Questions & Answers
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, here are your coronavirus stimulus questions answered. Coronavirus Stimulus Questions:…
5 Steps to Create a Financial Plan for the Coronavirus
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 of you are experiencing financial changes to your business already. It’s…
7 Easy Ways to Reduce Self-employment Taxes
Who here doesn’t like seeing their tax liability? I think most of you just mumbled “me” to yourself. Am I right? Here are 7 ways to reduce self-employment taxes for small business owners. By now I’m pretty sure you understand you have self-employment tax obligations as a small business owner or RV entrepreneur. Understanding self-employment…
5 Tips to Help File Your Tax Return as a Nomad
Tax time is upon us again. If that brings up frustrations or makes you shudder, have no fear. Follow these tips to make things a little easier for your tax return as a nomad. While taxes are not the most fun thing in life, it is an important one. It’s also a given if you…
Top 10 tax questions and answers for full-time RVers
As we usher in the new year, I thought I’d answer some of the most frequently asked questions related to taxes and full-time RVing. Here are the top 10 tax questions for full-time RVers. 10 tax questions for full-time RVers 1. What’s the best tax savings strategy for full-time RVers? First, there aren’t any special…
6 Reasons Why You Shouldn’t Try to File Your Own Taxes
Some jobs are great for the do-it-yourself person – oil changes, remodeling your RV, designing your website, etc. However, filing your income tax return isn’t one of them. Here are 6 reasons why you shouldn’t try to file your own taxes. First, let’s talk about who should prepare their own return. File Your Own Taxes…
Full-time RV Life and Taxes FAQ
With so many questions, tax time can feel overwhelming. With this list, I hope to answer some questions to aid in gathering information and staying organized throughout the year to make tax time easier. Remember each of us is individual and has individual tax needs even when we live in an RV. Full-time RV life…
4 Year End To-Dos for Every RV Entrepreneur
With the holiday season upon us, 2019 is almost officially behind us. Eek. How does the time fly by so quickly? However, that means that now is the perfect time to complete year-end to dos even for us RV entrepreneurs. Time to take the pesky record keeping and financial decision-making tasks off your plate, so…
How to know if you don’t owe self-employment taxes on one-time income
Many of you have most likely heard of self-employment taxes. What about income that you collect occasionally or one-time? Let’s dive into when you DON’T owe self-employment taxes. If you’re not familiar with self-employment taxes, then I highly suggest you learn about them as a freelancer or business owner. The IRS even has a tool…
5 Tax Tips When Workamping or Camp Hosting
For anyone planning on workamping or camp hosting, it’s important to understand your tax obligations. Even if you don’t do your own taxes, it’s important to understand these 5 tax considerations when workamping or camp hosting. You should have a basic understanding of your tax situation so you are prepared to share this information with…