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? … Read More
Retirement and HSA Contributions: How can they help you?
Using retirement contributions and a health savings account (HSA) to help reduce your immediate tax liability is a real way for tax savings. I highly suggest maxing out any retirement contributions possible. I also recommend contributing to your HSA, if … Read More
What it means to file for extension on your taxes
Many businesses and individuals file for an extension on their taxes. While there are plenty of reasons to need an extension, it does NOT mean you get extra time to pay taxes owed. What does this mean? It means you … Read More
Can I Take the Section 179 Deduction on my RV?
You own an RV and decide to rent it out for some extra cash. How do you deal with taxes? Let’s dive into understanding the section 179 deduction on your RV rental. First, it’s important to separate the different types … Read More
Prepare to File Your Taxes Checklist
Tax season is in full swing and that means it’s more important than ever to gather all your paperwork. To help you get started, here’s a prepare to file your taxes checklist. Prepare to file your taxes Whether you’re planning … Read More
Do I need to file a tax return for my LLC with no activity?
Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More
3 Steps to take if you’re missing a W2 and you want to file taxes
The IRS requires employers to mail employee earnings information, commonly known as a W2, by the end of January. However, there can be delays due to mailing, etc., so it’s best to give your employer an extra week or two. … Read More
Employee vs. contractor: What’s the difference?
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 … Read More
Understanding pass-through income
If you own a business, it’s a must to understand the tax side of the business. 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 … Read More
Choosing a Business Entity
As with most things in business and life in general, it’s all about the basics, right? Well, here are the basics. If you already know them, but aren’t implementing them, it’s time to start. If you’re just getting started, it’s … Read More