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evaluating bookkeeping

Know the Difference: W2 vs 1099

Wednesday, May 15th, 2024

Navigating the world of employment types can be confusing for business owners. W2 and 1099 forms are given to different types of workers for IRS classification and tax documentation. Understanding the distinction between W2 and 1099 workers is crucial for tax law compliance and...

tax brackets

How Tax Brackets Work

Thursday, April 25th, 2024

Tax brackets are one of the most misunderstood aspects of IRS regulations. Many taxpayers do not fully grasp why tax brackets exist, how they work and what it means to move from one bracket to another. However, understanding tax brackets is crucial for everyone...

tax day

Is Tax Day a Holiday?

Tuesday, April 9th, 2024

Every new year begins with Americans receiving documents like W-2 and 1099 forms in the mail, kicking off tax season. While tax day is not a holiday in the traditional sense, you may still have it circled on your calendar – especially if you...

spring-cleaning your finances

Spring-Cleaning Your Finances

Wednesday, March 27th, 2024

As the days grow longer and winter’s chill fades into the warmth of spring, many of us use the season’s promise of new beginnings as motivation to declutter our homes and lives. But what about your finances? Just as you accumulate belongings you no...

tax season

Tax Season Tips for Small Businesses

Wednesday, March 13th, 2024

As tax day draws closer, small business owners, freelancers and independent contractors are gearing up for a daunting time of the year. You can confidently manage tax season by arming yourself with sensible strategies and knowledge. Here are 10 tips that can help you...

this year's tax deadlines

This Year’s Tax Deadlines

Monday, February 26th, 2024

Freelancers, solopreneurs, small business owners and other self-employed people face a unique set of challenges – especially when managing their taxes. Unlike employees whose employers handle tax withholdings, self-employed people must make estimated tax payments four times throughout the year. You should understand this...