July Tax-Saving Tips
This month we have more tax-saving tips that you may be able to implement to reduce your tax liability.
Self-Employment Tax Basics
July 27, 2022
Self-Employment Tax If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income taxes, you must
Self-Employment Taxes for Partners and LLC Members
July 27, 2022
Self-Employment Taxes Here’s a question: Does a member of a limited liability company (LLC) or a partner in a partnership have to pay self-employment taxes
New 62.5 Cents Mileage Rate
July 27, 2022
New Mileage Rate The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action. Small businesses that qualify
Paying Your Child: W-2 or 1099?
July 27, 2022
Paying Your Child Here’s a question I received from one of my clients: “I will hire my 15-year-old daughter to work in my single-member LLC