Budget

What’s new for freelancers in tax year 2022?

Do you use apps like PayPal, Venmo, or Square to accept freelance business payments? If so, you’ll need to pay close attention to the new tax reporting changes affecting these platforms that go into effect this month, especially if you do a significant amount of business through them. […]

Budget

How to start investing – even if you have no savings

Investing is essential and can be the difference between retiring and not retiring. Everyone needs it, even if you have no money saved. After working with freelancers for more than 20 years, I’ve seen plenty of hesitation about investing and specifically for retirement. My first piece of advice: Make it a priority! Keep reading and we’ll show you how. […]

Budget

Do Influencers Pay Taxes? How to Navigate Your Taxes As an Influencer

As the end of the year approaches, most of us have holiday parties, family gatherings, travel and delicious food on the mind. But, just after the holidays, our thoughts turn to something a little less magical: tax time. If you’re a small business owner, it’s important to be thinking about taxes throughout the year and not just in April. But, if you’re an influencer or starting a social media influencer business, does this include you? […]

Budget

Tax planning for the busy freelancer

Despite all the perks that come along with being a freelancer, paying taxes can quickly make you want to crawl back into the arms of a traditional employer. But, before you launch into complete panic mode, work through this tax planning checklist to prepare yourself for paying Uncle Sam. […]

Budget

End-of-year tax deductions you can’t afford to miss

It’s a great feeling to be able to help others — and it’s even better if you get some added benefit, too. This is the kind of win-win situation that the Taxpayer Certainty and Disaster Tax Relief Act of 2020 made possible by allowing taxpayers to deduct up to $600 of charitable contribution, regardless of whether they itemize their taxes or not. […]