Small Business

Here are five major tax write-offs freelancers shouldn’t ignore when they are getting ready to pay taxes. Home Office This should be the most obvious since most freelancers work out of their home. The IRS allows freelancers to deduct a portion of their mortgage or rent, provided that this space is

Legal fees are always a pain to deal with. There are a lot of complex rules on what you can deduct and what you can’t. The answer is that only certain lawyer fees can be written off on your taxes. In most circumstances, though, you will have to count them as a personal expense. When counted as such

When you first begin your self-employment journey, it can seem overwhelming. There are so many things that you are responsible for handling. When tax time comes around your taxes are even more complicated. However, the good news is there are tax benefits for the self-employed. Listed below are some

As a business owner, you want to pay the least amount of taxes possible. Therefore, today we are discussing how to avoid paying more in business taxes than you have to. Plan the Timing of Income and Business Expenses If you are self-employed, you can control when you are paid and when you spend

When you set up your business entity – sole proprietorship, partnership, corporation, or Limited Liability Company - there are tax differences between each one. Today, we are discussing how each business entity influences your taxes. Sole Proprietorships This is the easiest and quickest business

Self-employed individuals have to make quarterly estimated tax payments. However, many self-employed individuals are penalized for underpayment because their income varies. Today, we are discussing how to avoid self-employment tax penalties. Make Payment Based on Prior Year Earnings It is possible

We are an accounting firm focused on assisting small businesses. We do taxes, payroll and books along with business valuations. We provide a lot of great services, and we know it is a necessity to keep up with accounting technology to simplify what we do to provide better services for our clients.

There has been a great deal of discussion lately about raising the minimum wage in the US from $7.25/hour to $10.10/hour. In Seatac, WA, the minimum wage is already at $15.00, and other places such as California have raised theirs well above the $7.25 base. Check out the infographic on our website's