5 Reasons Why You Should Hire a Tax Professional
Every year, as tax season rolls around, millions of people turn to do-it-yourself (DIY) tax software in hopes of saving money and time. It’s time to avoid costly mistakes and hire a tax professional. It’s easy to see the appeal: the software is generally user-friendly, affordable, and allows you to file from the comfort of…
Insider Tips on When to Create an S Corp
When should my business create an S Corp? I hear this question all the time. S Corp is a popular and often talked about option for business owners, but you should consider this option carefully. The extra responsibilities are not a fit for all. Let’s review insider tips, both positive and negative, so you can…
7 Essential Steps to Close Your LLC
Whether your business has reached its natural end, you’ve sold it (CONGRATS!), or you’ve decided to pursue other ventures, it is crucial to take the necessary steps to properly close your LLC. Closing your business doesn’t need to be overwhelming or difficult.. Follow these steps to help ensure you have officially closed all the doors…
Simple Guide to Proactive Tax Planning for the RV Entrepreneur
Living life on the road as an RV entrepreneur or digital nomad is an exhilarating adventure, but it comes with unique financial challenges. If you own a business, then you need to be focusing on proactive tax planning for the RV entrepreneur and digital nomad. In this guide, we’ll explore the strategies and considerations that…
10 Smart Financial Habits as a Digital Nomad
The digital nomad lifestyle offers the freedom to work from anywhere in the world. However, with that freedom comes the responsibility of managing your finances effectively. Now’s the time to establish smart financial habits as a digital nomad. Whether you’re a seasoned globetrotter or just starting your journey as a digital nomad, adopting smart money…
5 Reasons Why Entrepreneurs Need Tax Services
Are you looking to start or grow a business to help you live your dream nomad life? Are numbers, finances, and taxes the thing you avoid? Are you struggling with where to begin, and how to register, and want to make sure it’s all done right? Here’s why RVers and nomadic entrepreneurs need tax services.…
Do You Need an EIN for a DBA? Exploring the Essentials
Starting a business involves navigating through a multitude of legal and administrative requirements. One such consideration is whether you need an EIN for a DBA. Let’s chat about whether snagging an EIN should be on your to-do list when it comes to your new DBA. I’ll help you understand whether obtaining an EIN for a…
Driving the Path to Success: 6 Tax Items to Consider for Your RV Rental Business
Did you buy an RV to rent out as a business venture? You’re not alone. Let’s review the tax treatment of an RV rental business. RV Rental Business Owning and operating an RV rental business opens up a world of opportunities for travelers seeking adventure on wheels. However, alongside the excitement comes the responsibility of…
Do you know how social security is taxed?
You’re retired and collect social security. Did you know that social security is taxed? But how do you determine how much gets taxed? Let’s review so it’s clear how much social security is taxed. If you’re making more than $25,000 as an individual or $32,000 as a married couple filing jointly, you’ll need to pay…
Easy Tips to Deduct Health Insurance as an S Corp Owner
Health insurance can be a big expense and is an important item to consider as a self-employed individual. Did you know there’s a way to get it tax-deductible? Let’s dive in and learn how to deduct health insurance as an S corp owner. 1. Be an eligible S corp owner Only certain individuals are eligible…