Taxes

Business & Tax Tips for New and Aspiring Authors

Business & Tax Tips for New and Aspiring Authors

For new or aspiring authors, there are a few business considerations to make before embarking on your writing journey. Authors are also entrepreneurs, but may not realize that. You are creating a product just like other entrepreneurs. Your completed book needs many hours to be completed and many different…

Forgotten Small Business Tax Write-Offs (Infographic)

Our friends at Fresh Books, the leader in cloud-based accounting, shared their infographic on 8 Often Forgotten Small Business Tax Write-Offs. Whether you prepare your own taxes or hire an accountant, maximizing your tax deductions (aka. write-offs) will ultimately reduce your tax bill. Also included are my top 3…

Do I Need to Pay Estimated Taxes

Do I Need to Pay Estimated Taxes?

Estimating your taxes properly and remitting it to the IRS is a fundamental requirement if you are self-employed or earn income that is not subject to withholding. Failure to do so will result in penalties and interest. The general rule is that you should pay your taxes quarterly as they are owed.

Tax Deductions & Tax Reduction Strategies for Bloggers

Many bloggers have asked about the possibility to deduct expenses incurred in operating their blogs, especially if there is little or no income to show for one’s blogging efforts. If your blog is generating income and you are operating it as a for profit business, then…

How to File Your LLC Tax Return

How to File Your LLC Tax Return

If you have elected to set up your business as an LLC (Limited Liability Company), the next question you may have is, How to File Your LLC Tax Return. When an LLC is formed, you can choose the way you are taxed by the federal government. This flexibility is also what makes the LLC structure desirable to small business owners.

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