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…
Having to file an insurance claim for vandalism damage to our vehicle can be one of the most frustrating experiences for car owners. Coming back to our car only to find that it has been damaged whether by another reckless driver or by someone who thought it would be funny to scratch the side of…
As freelance jobs become more and more popular, opting to work as a rideshare driver is a great self-employment alternative that many are choosing nowadays. The way we think about commuting has been forever altered thanks to the popularity of platforms like Uber and Lyft, with an increasing demand for rideshare services, which also opens…
Whenever we are buying, leasing, or owning a car, we are subject to different types of taxes that depend on both state and local laws, as well as the type of vehicle we own. The state on which our car is registered or where it is used can also determine the taxes we would owe.…
As business owners, dealing with the IRS and meeting all their requirements can be a demanding task, especially if this is the first year of our company. We might have a lot of questions regarding how to document, prove, and deduct our business expenses, and we might not know who to ask. That’s why it…