So you’ve realized that you messed up on part of your federal tax return? Are you freaking out? Do you feel like you’re being followed by someone in a black suit? First of all, chill. It’s going to be alright….
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When you’re starting a new business, everything is already overwhelming enough—forget having to fill out new and unfamiliar forms come tax time! And the Schedule C can look like a doozy, but I promise, it’s not that difficult (especially if…
No, you CANNOT use Venmo to accept payment from (or send payment to) another user for a good or service.
Getting a divorce is terrible enough as it is. Getting divorced when you own a small business is even more terrible, considering that there’s a good chance the business you’ve worked so hard to build could be considered marital property…
The question of employee classification has come up a lot in the past few years. With the rise of the gig economy and more and more folks choosing to branch off and work for themselves, independent contractors are on the…
Getting paid under the table can feel like a win-win situation. After all, with no record of your income, you’re not responsible for paying taxes on it—and neither is your employer—right? The problem is, somebody is losing in this situation:…
As a virtual accountant for creative businesses all over the United States, the majority of my time with clients is spent chatting via email, phone, or video conference. So when I have the opportunity to meet some my amazing clientele…
If you ever search sales tax rules for your state and profession, you’ll probably see a whole lot of “check with your state” and “ask an accountant.” This is due to the fact that every state has different sales tax…
The IRS will issue most refunds in less than 21 calendar days. Even though the IRS will issue most refunds in less than 21 days, it’s possible that your refund has been delayed because it is stuck in processing. There…
If you hire someone for child care who is over 18, who you’re not related to, who is expected to work for you on a regular schedule, and who you’ve paid over $2,100 in the year (or over $1,000 in any given quarter), you should be withholding taxes for them.