Estimated Tax Payments Are Not Just for the Self-Employed

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Article Highlights: Employees Self-Employed Individuals Periodic Payments Underpayment Penalty Safe Harbor Payments Unlike employees, who have income, Social Security, and Medicare taxes withheld from their wages, self-employed…

Received a 1099-K? What You Should Be Concerned About

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Article Highlights: Why Form 1099-K Was Created Understanding the Purpose of Form 1099-K What It Means for Income Reporting Cash Income Application in Various Situations Selling Personal Items Side Hustles and Gig Economy …

Your Annual Reminder to File Worker 1099s

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Article Highlights: 1099-NEC Filing Requirements Filing Due Date Independent Contractor Filing Threshold Landlords Additional Filing Requirements Form W-9 Household Workers Penalties Endeavors to Mitigate Penalties …

From Side Hustle to Six Figures: Turning Your Small Business Into a Scalable Firm

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It started as a side hustle — a few clients, a few late nights, maybe some extra cash to ease the budget. But now the calls are coming in faster. The demand is growing. And you’re starting to wonder: Am I ready to take this full-time? The…

Don’t Let Your Side Hustle Become a Tax Nightmare

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W-2 by Day, Wedding Photographer by Weekend? You started your side hustle for the flexibility. The extra income. The “hey, I’m good at this—why not get paid?” kind of freedom. And now it’s summer, and the bookings are rolling in. Weddings.…

Tips Every Self-Employed Individual Should Know About Self-Employment Tax

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Article Highlights: What is Self-Employment Tax? Net Earnings Subject to Self-Employment Tax Comparison: Employee vs. Self-Employment Prepayment and Estimation Exemptions from Self-Employment Tax Issues and Challenges Self-employment…

You Are Not an ATM

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Let’s get one thing straight: your business is not a bottomless pit for personal spending. Too often, SMB owners treat their bank accounts like ATMs—dispensing cash on impulse until there’s nothing left for growth, innovation, or even…

Mastering Cash Flow: Strategies for Navigating Seasonal Slowdowns

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As the vibrant colors of fall give way to the chill of winter, many businesses brace for the inevitable seasonal slowdown. Whether it's the changing weather or the uncertainty of election cycles, these periods can pose significant challenges…

Employee or Freelancer Navigating the Complex Landscape of Worker Classification  

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Article Highlights: The Fundamental Differences The Perils of Misclassification Section 530 Relief The Role of Form SS-8 States Impact on Classification Navigating Misclassification In the evolving landscape of the modern…

Stop Chasing Payments: QuickBooks’ Reminders Can Help You Get Paid Faster

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In 2021, QuickBooks introduced a set of reminder options designed to tackle one of the most pressing challenges for many businesses: getting customers to pay on time. If you haven't fully utilized these features yet, it's time to revisit them…