Thinking of becoming self-employed? Before you take the leap, read my new article. Waving goodbye to your boss and going into business for yourself sounds wonderful. And it can be. But before you make the big move, you should be aware of the consequences of your decision. And there are many consequences. The good, the bad, and the ugly. Here’s the story in … [Read more...]
Tax Planning
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C Corporation? Beware of the Hidden Tax
“C Corporation?Beware of the Hidden Tax” To get my complete articlewith all the details... Do you operate your business as a C corporation? Be careful. Missing a dangerous hidden tax can cost you big money! If you run your business as a C corporation, you have every reason to be happy. You’re enjoying a manageable 21% corporate tax rate You can now keep … [Read more...]
When You’re Subject to Self-Employment Taxes
“When You’re Subjectto Self-Employment Taxes” To get my complete, new articlewith all the details... How much self-employment tax do you have to pay? It’s not always easy to figure out. That’s why you need to read my new article. Do you own your own business? Then you know that you have to pay self-employment taxes to fund your Social Security and Medicare … [Read more...]
Turn Independent Contractors into Employees Trouble-Free
Turn Independent Contractors into Employees Trouble-Free The IRS rewards business owners who fix their worker classification mistakes. I’ll tell you how. “Turn Independent Contractorsinto Employees Hassle-Free” To get my complete articlewith all the details... There are three monsters you may have heard of... Dracula who drinks blood. Godzilla who … [Read more...]
Increase Your Tax Deductions Using the Business-Mileage Rule
“Increase Your Tax DeductionsUsing the Business-Mileage Rules” To get my complete articlewith all the details... Always pay attention to the rules of the road. And always pay attention to the IRS’s mileage rules of the road if you want to save on taxes. What is a mile? A distance of 5,280 feet? Well, the IRS isn’t content to answer the question simply. … [Read more...]