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You might hear from coworkers or see job posts that say “1099 only” or “contractor status.” Sometimes that’s legitimate, but in many cases, people find out after the fact that being a 1099 contractor is very different -- for better or worse. Let’s explore what changes when you move from being a

If you’ve ever worried that earning “too much” could bump you into a higher tax bracket and cause you to lose money, you’re not alone. A surprising number of people misunderstand how tax brackets actually work. The good news? It’s not nearly as punishing as it sounds. Let’s clear things up and

If you run a small business, managing 1099 forms can be confusing. Do you need to issue them to contractors? Should your business expect to receive any? And how do rules differ for S corporations and LLCs? This guide will clarify the key requirements and help ensure your business stays compliant

Filing taxes as a private practice owner can be complex, especially with the unique financial aspects of running a healthcare business. Understanding the key tax considerations and following best practices can help you ensure accuracy and minimize your tax liability. Understanding Your Tax

Understanding the tax implications of owning and operating a senior living facility can significantly impact your bottom line. Here are 15 essential tips to help you navigate the complex world of healthcare accounting: 1. Depreciation and Amortization Depreciation is a tax deduction that

The debate surrounding undocumented immigrants and their tax contributions is a multifaceted one, often clouded by misconceptions and political rhetoric. Understanding the complexities of this issue requires a careful examination of the various ways in which undocumented individuals interact with

One of the most common crises small business owners face is the separation of personal vs business expenses. Especially when you're starting out as a sole proprietor, you may not immediately create a separate bank account or even apply for a business credit card. However, that's usually where the

The official date for filing your 2023 taxes in 2024 hasn't been officially announced by the IRS yet, but based on recent years, you can expect to start filing sometime in late January. Here's what we know so far: While we don't have a specific date yet, it's safe to say you can likely start