Business & Self-Employment Taxes

Self-employment tax is a subject that when you know about it, will seem a lot less scary, but the problem is that not many “business influencers” ever talk about the taxes your business can potentially incur like that or even state business taxes.

  • Health insurance is confusing as all get-out! It’s worse when you’re self-employed. And if you’re married…Fuggedaboutit! Let me clear up the Self-Employed Health Insurance Deduction a bit.

  • What is the self-employment tax? How is it calculated? When is it due? How do you pay it? This guide has the answers to your self-employment tax questions.

  • Being self-employed makes taxes complicated. Being a location independent digital nomad is even more confusing. This helps clear up some of the confusion.

  • Paying taxes sucks. It sucks even more when someone wrongly filed a 1099-NEC resulting in duplicate income being reported to the IRS and you receive a letter saying you owe even more. Here is what you should do to resolve that issue.

  • The new IRS Form 1099-NEC is similar to the 1099-MISC. That means you are probably getting bad advice as to when you need to send it, so let me clear up the confusion.

  • Freelancers can’t afford to leave tax planning for the end of the year. Even then, most of the year-end tax tips are plain bad and not worth the time it takes to read.

  • When it comes to hiring a tax accountant, you need to be selective. Not every accountant will be right for your business. These tips will help you hire the right person.