Small Business Tax Advice & Tips

If you are serious about turning your social media influence into a lucrative business, it’s important to start thinking more strategically about your operation – especially when it comes to incorporation. Sure, there are plenty of social media influencers that are still making a good go of it as sole proprietors. But a lot of…
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Navigating tax time as a freelancer can be a little challenging. Moving from the employee world of taxes to the self-employed side can be a bit jarring. There are different forms to use, different taxes to pay, different deductions to make, and that’s just the beginning. Combine that with the complexities of tracking revenue, recording…
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The majority of S Corporation businesses did not start out as S Corporation businesses. According to the Small Business Administration, most businesses are started as sole proprietorships. 73.2% of all small businesses, in fact, operate under that legal structure. Some businesses, though, eventually outgrow the sole proprietorship structure. That’s when business owners start to think…
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Tax season is upon us, and millions of Americans are learning for the first time that their cryptocurrency investments may be taxable just like any other investments and income they’ve generated. Believe it or not, this wasn’t always the case. For years and years, Bitcoin investors were able to sort of float beneath the radar…
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The coronavirus pandemic has changed the day-to-day realities of work in so many different ways, but it’s really helped to usher in the “Era of Remote Work” and work from home opportunities. Millions of people in California alone have gone from going to the office every day to working from their kitchen table or spare…
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2021 Federal Tax Deadline Tax Day in the United States has (almost) always been April 15, but this year – like so much about our everyday lives – is a little bit different because of the global pandemic. The US government and the IRS have decided to push back Tax Day in 2021 by a…
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State Tax Deadline for Individuals Postponed Until May 17, 2021 With COVID 19 changing most aspects of our everyday lives, it comes as no surprise to anyone that tax season has been impacted by the pandemic, too. The federal government and the IRS have elected to push back the traditional “Tax Day” of April 15…
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