Tax Time

anaging receipts and tracking expenses is one of the most tedious parts of running a business. Whether you operate a small business, manage a home office, or work independently, keeping financial records organized often falls behind more urgent daily responsibilities. But when tax season arrives—or an audit looms—those scattered receipts and spreadsheets can quickly turn […]

As a freelancer, solopreneur, or small business owner, you know tax season can either be a breeze or a nightmare. One of the most common sources of stress? Receipts. You’ve probably asked yourself more than once: “What does the IRS actually consider a valid receipt?” And in today’s digital-first world, another question naturally follows: “Are […]

When it comes to taxes and deductions, small business owners, freelancers, and self-employed individuals often walk a fine line between efficiency and compliance. One of the most frequently asked questions during tax preparation is:“Do I need to save receipts for every expense, even the ones under $75?” The short answer is: not always—but you probably […]

Contents Managing receipts efficiently is essential for staying organized, tracking expenses, and preparing for tax season. Digitizing receipts not only saves space but also provides a reliable way to store and retrieve important financial records. Whether you’re a small business owner, a frequent traveler, or someone who wants to simplify personal finance, there are multiple […]

  Tax season can be a stressful time for individuals, with the pressure of gathering documents, understanding deductions, and meeting deadlines. However, with the right strategies and tools, you can turn tax time from a source of anxiety into a manageable process. Here, we’ll explore ways to reduce tax time stress and ensure a smooth […]

When running a business, you must spend money to make money. For instance, landscapers need tools and gas, web designers require computers and design software, and contractors must buy materials and pay labor. These expenses help calculate your business profit, which the IRS uses to determine your taxes. Simply put, your profit is the money […]

These days, more and more American workers are doing, well, just a little more. They’re known as side hustles, and you’re probably reading this because you have one, too. Having a side hustle in addition to your full-time job can certainly add money to your bank account, but side hustle taxes can also add stress […]

If you’ve landed here after Googling “What is a 1099 Form?” because you’ve turned a profit as a small business owner, congratulations! Now begins the slightly less fun, but necessary job of accurately reporting your income for tax purposes. Your income as an independent contractor will most likely be reported using at least one type […]

If it was possible to call up the Internal Revenue Service (IRS) office for a discount on tax payments, their phones would probably ring all day. But it’s not, so smart independent contractors have to explore more feasible ways to reduce income tax and keep more of their business profit. This is where tax avoidance […]

If you’re a small business owner, there’s a good chance thinking about taxes stresses you out. You’re not alone. The fear of making a mistake on taxes terrifies many people. A recent Pew Research study showed that the complexity of the federal tax system significantly bothers 47% of Americans. Well, there’s good news: tax preparation […]