Self-Employed? How to Make Paying Taxes Manageable

self-employed-taxes-manageableI love being self-employed as a freelancer. I can work from anywhere, and I have a lot of freedom and flexibility in my schedule. However, one of the things that took some getting used to was the taxes.

When you work for someone else in a more traditional job, your employer pays part of your payroll taxes. When […]

How to Deduct Meals and Entertainment on Your Taxes

meals and entertainment tax deductionMost of us regularly look for tax advantages that allow us to reduce our liability. When you’re self-employed, this can be an especially important move to make. There are a number of tax deductions you can take when you conduct business, but two that you might overlook are meals and entertainment.

Here’s what you […]

Criminal Inquiry Related to the Panama Papers

panama papers and tax evasionIn recent weeks, one of the biggest tax-related issues in the news has been the Panama Papers. This story revolves around the leak of offshore companies that were serviced by a Panamanian firm specializing in helping individuals and others set up tax havens.

So far, most of those implicated in the release of […]

Don’t Forget State and Quarterly Taxes

estimated-taxes-dueNow that tax season is winding down, you might think you’re in the clear. After all, you’ve filed your tax return and paid your federal taxes. However, you might not be done pay yet. If you are a business owner, you might still need to pay state taxes and make a quarterly tax payment.

Paying Your State Taxes

Every […]

US Treasury Continues Fight Against Tax Dodges Through Inversions

us-tax-inversionsIn recent years, a process known as “inversion” has received increased scrutiny by the public and by the government. It’s a way for businesses to avoid certain taxes by claiming to be a foreign company. These tax dodges are costing the United States millions a year in revenue, and the Treasury Department has been taking steps to […]

April 19th, 2016|Tax News|0 Comments