If you took on a side hustle last year to make ends meet and earn some extra cash, you may have found an unexpected surprise when you filed your taxes. If you did not prepare carefully, you probably ended up with a big tax bill for your troubles, possibly with penalties and interest added on.… Read More
Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability. Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise your taxes owed at the… Read More
Being an adult has its perks, from being able to rent a car and book a hotel room to the chance to earn a living and rent an apartment. But life as an adult also comes with some challenges, including the burden of filing and paying taxes. If this year is the first time you… Read More
If you are working as a freelancer or gig worker, you are certainly not alone. Millions of men and women are earning extra income driving for ride sharing services, designing websites for online entrepreneurs and writing for local businesses. Some freelancers and gig workers have even said goodbye to their traditional careers, trading the security… Read More
Whether you gamble all the time or only once in a blue moon, you are filled with hope and excitement every time you walk through those casino doors. If you have been gambling for even a little while, you already know that Lady Luck can be a fickle partner. Sometimes the gods of the casino… Read More
Tax returns can be complicated and tricky to understand. Even for a professional, it can be surprisingly difficult to get every number and detail right. Often, you only notice the mistakes when you take a casual look at your return days after you submit it online or drop it in the mailbox. Or worse, the… Read More
Being self-employed offers many advantages, including the freedom to work from where you want, when you want, and the ability to build your own client list and keep all the profits from your hard work. However, there is a significant downside: managing and minimizing your taxable income. Here are four powerful strategies to reduce your… Read More
Being a freelancer offers many benefits, from setting your own hours to the freedom to work from virtually anywhere. However, it also comes with challenges, such as proving your income to a skeptical mortgage lender or accurately reporting it when filing your taxes. The Importance of Accurate Income Reporting Failing to report your income accurately… Read More
The rise of freelancing, self-employed and gig work is one of the biggest labor stories of the last 20 years. More and more workers have been looking beyond the normal nine to five and making their own way in the world, creating an income they can rely on, one that is directly tied to their… Read More
Freedom and Flexibility, But Taxes Too! The dream of being your own boss is a powerful motivator for many. However, the realities of self-employment extend beyond pursuing your passion. Understanding self-employment taxes is crucial to avoid financial headaches down the road. This guide equips you with the knowledge to navigate tax season with confidence, even… Read More