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Small Business

PPP Loan Forgiveness

PPP Loan Forgiveness and Recording PPP loan funds

Congrats! You’ve applied and received PPP (Paycheck Protection Program) funds. Now what? Let’s learn about PPP loan forgiveness and how to account for the funds on the books. First, the basics of the PPP funds as a recap. PPP Loan basics review The maximum PPP loan amount is 2.5 times your average monthly payroll expenses, …

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Disaster Loans Available to Small Businesses

Top Questions About Disaster Loans Available to Small Businesses

There’s no doubt about it. The COVID-19 pandemic has upended all aspects of life around the world, including the world of small businesses here in the U.S.  If your business is struggling you may be able to get some help from the federal Small Business Administration (SBA), which is authorized to make loans available to …

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create a financial plan

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 …

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Heather Ryan | RV Tax-Queen | Top 10 tax questions and answers for full-time RVers Blog Image

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 …

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don't owe self-employment taxes

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 …

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Understanding self-employment taxes as a freelancer

Understanding self-employment taxes as a freelancer

Chances are if you are reading this, then you are already self-employed or interested in becoming a small business owner. Congrats! However, it’s important to consider self-employment taxes if this is you. Self-employed means you fit any of the following: You carry on a trade or business as a sole proprietor (single-member LLC included) or receive income …

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