While not a substitute for tax advice from an expert, this guide is designed to help you understand the basics of 1099 reporting for independent contractors to remove the complexity and help you understand your obligations so everyone avoids IRS and state penalties.
The Best Business Entity for Your Small Business
One of the questions I get asked the most is "which type of entity should I form for my small business?" The answer is always.. "it depends".
Important September 30th tax deadlines
You want to know about these important tax deadlines
2022 Tax update for Teachers
For 2022, the amount increased to a maximum of $300 and will increase in $50 increments in future years based on inflation.
What does financial freedom look like to you?
Let’s celebrate Nelson Mandela through service to others and our own financial independence!
Are you an emerging business owner in Philadelphia? Before you pay for your Commercial Business License, you may want to check out this resource:
What is Jump Start Philly? – Business ServicesWhat is Jump Start Philly? – Business Services Photo by David McBee on Pexels.com Jump Start Philly is designed to attract new businesses and entrepreneurs that create jobs to Philadelphia by exempting them from paying the Net Profits Tax and the Business Income and Receipts Tax, formerly the … Continue reading Are you an emerging business owner in Philadelphia? Before you pay for your Commercial Business License, you may want to check out this resource:
Happy Love Day!
Volume 5, Issue 4Happy Love Day! Check out our February Newsletter!
Tax Update for Unemployment Recipients
IRS PROVIDES INFORMATION ON 2020 UNEMPLOYMENT BENEFITS The IRS has provided the following information regarding 2020 unemployment benefits and the 2021 tax filing season: Unemployment benefits A record number of Americans applied for unemployment compensation in 2020 due to the pandemic. Anyone who received unemployment benefits will need to report it on their tax returns. However, … Continue reading Tax Update for Unemployment Recipients
Because We Care…
Freedom from complicated PPP loan forgiveness applications if your loan was <=$50K
The U.S. Small Business Administration, in consultation with Treasury, unveiled late in the evening of October 8 a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less.“The PPP has provided 5.2 million loans worth $525 billion to American small businesses, providing critical economic relief and supporting more than 51 million … Continue reading Freedom from complicated PPP loan forgiveness applications if your loan was <=$50K