Quarterly Estimated Taxes for Self-Employed Individuals

Quarterly Estimated Taxes for Self-Employed Individuals

In a traditional job, an estimation of your federal and state income tax, as well as social security and Medicare taxes are taken from each paycheck. At the end of the year when you file your tax return, you will either receive a refund for the overage of taxes you...
Things to Avoid When Interviewing

Things to Avoid When Interviewing

Hiring a new employee can be a difficult process. Between attracting the right applicants, sending them through a screening process, and scheduling interviews, it takes a lot of work to find the right person to fit the role you’re trying to fill. By the time you...
Residual vs. Passive Income

Residual vs. Passive Income

Residual and passive income are often discussed in the online business world. In business, the two terms are used semi-interchangeably to refer to revenue that is automated. However, in the financial industry, the terms actually denote two very different things....
Guide to Multiple Streams of Income

Guide to Multiple Streams of Income

As a business owner, you’ve most likely heard that having multiple streams of income is vital to growing and scaling your business. While having money coming in from many different places sounds ideal, knowing how to get started can be daunting. In this article, we...
The Difference Between Sales Tax and Use Tax

The Difference Between Sales Tax and Use Tax

Unless you live in one of the five states that do not impose sales tax, the concept of paying a percentage of the purchase price of an item as tax is not a foreign concept. Sales tax is easily collected by sellers and paid by buyer since its rules are so...
Are You Ready to Freelance Full-Time?

Are You Ready to Freelance Full-Time?

Taking the leap from “side-hustler” to “full-time freelancer” can be both exhilarating and terrifying. While being an entrepreneur is incredibly rewarding, it also has its pitfalls. Not having a regular paycheck or benefits can be a huge deterrent for many people who...
Key Self-Employed Tax Issues

Key Self-Employed Tax Issues

Being an entrepreneur comes with its own unique set of tax challenges. Self-employment taxes can seem complicated and overwhelming, but they actually boil down to four important categories. According to Accounting Web, the following four key issues are vital for...
The Complete Guide to Non-Taxable Money

The Complete Guide to Non-Taxable Money

Benjamin Franklin famously penned that “in this world nothing can be said to be certain, except death and taxes.” This tongue-in-cheek idiom has become a popular lament that seems to resurface each tax season. Small business owners, especially, are affected by its...
The Partnership Between Your CPA and Bookkeeper

The Partnership Between Your CPA and Bookkeeper

In order to fully maximize the efficiency of your company’s fiscal recordkeeping, you may choose to hire both a CPA and a bookkeeper. While it may be tempting to try to hire one person to manage all of your financial matters, a CPA and a bookkeeper each have unique...

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