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 …
5 Steps to Create a Financial Plan for the Coronavirus Read More »
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 …
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 …
Top 10 tax questions and answers for full-time RVers Read More »
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 …
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 …
How to know if you don’t owe self-employment taxes on one-time income Read More »
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 …
Understanding self-employment taxes as a freelancer Read More »
I’m guessing that many RV entrepreneurs have heard of the tax savings an S corp offers. But is an S corp right for your business? It’s important to know when it’s worth electing S corp status. It’s also important to understand the extra responsibilities of an S corp. If you’re wondering if you should elect …
Which state is best to domicile as an RV entrepreneur or digital nomad? I get this question often. There is no one right answer. However, here are a few things to consider when choosing your domicile state. You probably already know the top 3 states that full-time RVers pick as their domicile state. If not, …
As a sole proprietor, you deserve to get paid. However, it’s important to know how to pay yourself as an entrepreneur. Who doesn’t want to be compensated for their hard work, right? You’re an entrepreneur which means you are your own boss. This can be quite rewarding but it also comes with some pain points. …
Are you taking the leap into entrepreneurship? Ready to start an LLC? If you’ve decided that LLC is the best choice for you, then follow these simple steps to start an LLC today. If you don’t already know about business entity choices, then I suggest you learn about entity structures first. As a refresher, a single-member LLC is …