“Alert: CA, IL, and NY Laws RequireWritten Freelance Agreements” To get my complete articlewith all the details… If your business hires freelancers in California, Illinois, or New York, you need to read this: New state laws now require written contracts—and missing one could cost you double damages, attorney fees, and statutory penalties. Freelancer-friendly … [Read more...]
Tax Planning
Sorted by Date
Statutory Employees: The Weird Tax Rule You Need to Know
“Tax Code–Defined Statutory EmployeesAre Hybrid Self-Employed” To get my complete articlewith all the details… Are You Accidentally Overpaying Payroll Taxes? You’ve probably heard the term statutory employee—but do you really know what it means? Here’s the kicker: a statutory employee isn’t your average employee. They’re a unique hybrid created by the tax … [Read more...]
Avoid a 7% Estimated Tax Penalty (or Worse) — Here’s How
“Don't Let the IRS Penalize Youfor Missing an Estimated Tax Deadline” To get my complete articlewith all the details… The IRS won’t send you a reminder—but it will send you a penalty. Miss just one of the quarterly estimated tax deadlines, and you could owe a 7% penalty (or more). For high earners, the true cost can hit over 11% thanks to non-deductibility. The … [Read more...]
Smart Tax Play or Trap? The Truth About Backdoor Roth IRAs
“Backdoor Roth IRA Conversions:Smart Move or Hidden Tax Trap?” To get my complete articlewith all the details… Is the Backdoor Roth IRA Your Secret to Tax-Free Wealth—or a Costly Mistake? For years, you've been told Roth IRAs are one of the best tools in the tax-planning toolbox. But what if your income is too high to contribute directly? Enter the Backdoor Roth … [Read more...]
Solo Biz Owner? Discover the Roth Move That Could 10x Your Retirement Savings
“Solo Biz Owner? No Employees?Is the Mega Backdoor Roth for You?” To get my complete articlewith all the details… If you're a solo business owner with no employees and you prefer the Roth retirement account, there's a powerful strategy you should know about: the Mega Backdoor Roth. You’ve probably heard of the backdoor Roth IRA—great for high earners, but it maxes … [Read more...]