With the freedom of being a small business owner comes the responsibility of navigating sales tax. If you’re confused about sales tax, you’re not alone! Collecting and paying sales tax is one of the more complicated aspects of running a small business, both online and off! If you ask yourself any of the following questions, …
If you’re like many people, the word taxes gets your belly in knots! Even if you’re good with numbers and stay on top of things, it can be hard to understand all the different aspects to taxes. That’s not even counting if there has been a change in your life in the past year and …
Checklist to help you avoid mistakes on your taxes Read More »
Thinking about starting a small business to help you earn income and use your skills? New business owners have tax-related things to do before launching any company. Here are the 6 things to know about taxes and starting a small business. 1) Choose a business structure When starting a small business, an owner must decide …
6 Things to Know about Taxes and Starting a Business Read More »
Employee or contractor? This is a common question among full-time travelers who work on the road. What’s the difference between an employee and contractor and how does it affect your tax obligations? Let’s get to it, so you can more easily figure out which one fits you best. Employee As an employee, you should receive …
If you own a business, it’s a must to understand the tax side of the business. This includes understanding pass-through income. Maybe you’ve heard of the advantages of registering your business in a no income tax state. In fact, you may have found companies offering to set this up for you for a small fee. …
Pass-through income: easily understand what it means Read More »
As with most things in business and life in general, it’s all about the basics, right? Well, here are the basics of choosing a business entity. If you already know them but aren’t implementing them, it’s time to start. If you’re just getting started, it’s really important to start your business off right. Don’t you …
Choosing a Business Entity: which is best for you? Read More »
Most of you proudly identify yourself as a full-time RVer or digital nomad because you’re living your dream. You are lucky enough to travel full-time while working remotely from the road. Does this mean you can take all your costs as a travel expense? Remember, you don’t live in a sticks-and-bricks home with a typical 9-5 lifestyle like the …
Full-time RV living: Can I deduct travel expenses on my taxes? Read More »
Unfortunately, for us RV owners who full-time, some of our deductions are limited as compared to a sticks and bricks homeowner. However, there is some overlap. As an RV full-timer myself, I understand the limitation of tax deductions for RV owners. I also get asked similar questions often. Let’s dive into the top 4 questions I …
4 Possible Tax Deductions for RV owners Explained Read More »
Tracking revenue and getting paid with accounting software is a piece of cake, right? But what about finding your business’ bottom line… and calculating what you owe Uncle Sam? In a small business, maximizing your tax deductions is critical to generating a healthy bottom line. Some deductions are obvious – rent, phone, cost of goods, …
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 are individual and have individual tax needs even when we live in a RV. Feel free to reach out …