The busiest weekend of the year is almost here, and we have a couple of weeks to start preparing. As thousands of people get ready to start taking advantage of all the specials, we should consider the crowds. Between the long lines, the running-out-of-stock items, and the struggle of finding a parking spot, suffering from…
For many workers, tips are an important part of their income, as many companies and businesses rely on them in order to cover the wages for their staff. If we count on tips as part of our income, we need to report them to the IRS, as we need to cover our corresponding taxes for…
Fire season in California usually happens between October and April, and the last couple of years have been particularly destructive. In order to make sure that we are protecting our homes and our families, there are several aspects we need to consider regarding fire damage and home insurance. The first aspect we need to know…
As business owners, traveling outside our city to meet with existing and potential clients is an important part of our company’s success, as it allows us to expand the reach of our brand and build strong relationships with our partners. However, this can represent a significant portion of our budget, as we need to cover…
Dealing with taxes as an independent business owner can get tricky when we don’t have all the information and guidance we need. This can get even more confusing when we have just started to invest in real estate property. However, there are several tax tips we should keep in mind in order to make the…
We have plenty of time before we need to file our income tax report on time and avoid interests and fines. Thus, if we haven’t had the chance to get around it, we still have some time left to take care of such an important matter. However, if we are freelancers or entrepreneurs working on…
Working as an independent contractor can come with many benefits, such as being able to choose the projects we work on, the clients we network with, and the rates we set for our work. However, all of this comes with many responsibilities, including paying more attention to our income tax return. Whether we decide to…
One of the biggest responsibilities for businesses and corporations, regardless, is ensuring compliance when filing their income tax report. Since failing to do so, either by mistake or intentionally, can have severe consequences on any company, we need to make sure we are submitting our information accurately and in a timely matter. This might feel…
Filing our income tax return is an essential part of being a citizen of the United States. The Internal Revenue Service (IRS) requires every individual that generates income in the US to report such income by the month of April. In order to file such a report, we need to obtain a tax identification number…
Having to cover the expenses of repairing or replacing our HVAC equipment can represent a financial burden when such expenses happen all of a sudden. However, it would make sense to assume that our homeowner’s insurance policy can keep us protected from having to pay a big sum from our own pocket, right? We need…