by Paul Koullick As a solo-entrepeneur, you’re juggling a lot of balls at once — sometimes flaming torches — and so expense tracking often falls between the cracks. It isn’t until April 14th at 11 pm that you really start kicking yourself because “I’m sure I’m forgetting something!”. At Keeper, we’ve helped thousands of freelancers […]
Tag: taxes
Self-Employed or in the Gig Economy? Why the Difference Matters for Taxes
Unless you happen to fall into one of the two categories, you may not know the difference between self-employed professionals and gig economy workers. According to the Second Annual Self-Employment Report released by accounting software company FreshBooks, these two groups are often categorized as a single entity despite their differences. Self-employed professionals are defined […]
5 Ways Businesses Can Start Prepping For Tax Season Now
Happy New Year! Are you ready to tackle your taxes? If you answered “no,” don’t worry. As the holiday season wraps up, many small business owners may find that they aren’t quite ready to dive into their tax paperwork — even though there may be the promise of a great tax return awaiting them. […]
4 Great Investments Small Business Owners Can Make With Their Tax Returns
It’s the question on every entrepreneur’s mind when they receive their tax returns — what should you do with it and where do you spend the money? While this may be the fun upside to doing taxes, spending your return is a thoughtful process. Some small business owners may want to do it while […]
5 Tax Deductions Self-Employed Workers Need to Take Advantage Of
One New Year’s Resolution that many entrepreneurs probably have at the top of their list is to get a head start on filing taxes. For the self-employed especially, the clock is ticking to get paperwork organized and determine how many business expenses are eligible for deductions. The tax deduction rule of thumb is that […]
10 Items to Cross Off Your End-of-Year Small Business Checklist
The countdown is officially on — less than a month stands between entrepreneurs and the New Year! As small business owners look forward to a fresh slate and new opportunities, they’re also filing documents to report changes made to the business and working hard to wrap up the year’s loose ends. Think you forgot […]
4 Strategic Tips For Paying Off Your Business Debt
I had originally considered writing this post with advice for getting out of business debt before the end of the year, but realized within the given time frame it’s not exactly feasible for most entrepreneurs. Frankly, making fast payments is also not the smart way to approach debt either. No matter how much you owe, […]
Avoid This Tax Mistake – Incorrect Classification of Household Employees by @4NannyTaxes
by Kathleen Webb When it comes to the convoluted subject of taxes, it can be easy to make mistakes. This is especially true when it comes to correctly classifying your household employees and reporting uncommon circumstances. According to a United States Department of Labor study completed in 2000, employers are incorrectly classifying up to 30% […]
How to (Legally) Run a Summer Business
by Deborah Sweeney Summer is literally right around the corner, and it seems that warm weather and entrepreneurialism go hand-in-hand. Every summer, without fail, I hear about all sorts of new business ideas and ventures popping up. Unfortunately, these businesses are often seen as side projects, so only a few of summer’s new entrepreneurs […]
New Year, New Tax Laws: How They May Affect Your Small Business
by Deborah Sweeney | Featured Contributor Happy New Year! Hopefully you had a relaxing and calm holiday season, because January is going to be busy. Most of us still need to wrap up everything from last year, get all of our bookkeeping in order, prepare for the quarterly payment due January 15th, and then the […]