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…
Advantages and responsibilities of an S Corp
I’m guessing that many RV entrepreneurs have heard of the tax savings an S Corp offers. However, 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 S Corp status, then this is for you.…
How to Choose Your Domicile State
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 and digital nomads pick as their domicile…
How to Start an LLC Online Quickly and Easily
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. Don’t want to do the registration yourself, hire Northwest Registered Agent to do it for you for ONLY $39! If you don’t already know…
7 ways to save money on your taxes
Are you a self-employed small business owner? If so, let’s take a look at 7 ways to save money on your taxes. Do you put off doing your taxes because you are too scared to find out what you’ll owe? Are you confused over what deductions you can take? Yes. I’m talking to you the…
5 Tips to Help Make Tax Time Easier
It’s almost that time again! You know the one that most people dread. Taxes. Let’s help make tax time easier and a little less dreaded. I can almost see you shaking your fist and rolling your eyes. Who like taxes? The truth. Nobody! While it might not be the most fun thing to focus on, it…
17 Ways The Tax Cuts and Jobs Act Affects You
We all know the Tax Cuts and Jobs Act is complex. That’s why I try to keep it simple. You can download this free guide which covers 17 high-impact changes in the law that you need to know. Otherwise, let’s take a look at the 17 ways the Tax Cuts and Jobs Act affects you. 1. 199A Deduction…
Top 10 tax questions for RVers and digital nomads
As a tax preparer for many digital nomads particularly full-time RVers, I get asked lots of questions from current and prospective clients. As we are closing out 2018 and about to welcome in 2019, I thought I’d answer the most frequently asked questions especially as it relates to any tax law changes beginning in 2018.…
Meals expense: Update for 2018!
Hip, hip, hooray! If you’re running a small business, then you should rejoice! Chances are you occasionally take prospective clients out for a meal or have a business meeting over lunch, right? Well, the IRS has officially released an update to the meals expense as part of the Tax Cuts and Jobs Act. This is…