Browsing Tag

filing taxes

6 posts
tax records
Read More

The Benefits of Keeping Tax Records All Year Round

Although we think of tax season as that period between January 1 and mid-April, it’s an ongoing event. If you shift your perspective when it comes to tax records, you may find that not only is Tax Day less stressful, but so too are estimated tax deadlines throughout the year. Furthermore, you’ll have a better sense...
taxes
Read More

5 Things Every Freelancer Should Know About Taxes

When I first started freelancing, there were at least a dozen things more urgent to me than taxes. Networking, incorporating, setting up a website, client pipeline... you name it. It wasn’t until tax time, nine months later, that I realized my mistake. How? TurboTax told me that I owed $13,200 to the IRS. I scraped...
Sole Proprietor
Read More

Sole Proprietor? Here’s What You Need to Know About Filing Taxes

The first thing to know about being a sole proprietor is that a sole proprietorship is a specific type of business structure where the individual and the business are seen as the same entity. Is your startup a sole proprietorship? If you haven’t filed any paperwork formally incorporating your business and you are the only...
Estimated taxes
Read More

Managing the Challenges of Estimated Taxes as an Entrepreneur

The hardest part of self-employment may well be dealing with estimated taxes. Nothing about the system is straightforward, starting with the fact that payments are not due quarterly. They are due on the 15th of April, June, September and January, which are three, two, three, and four months apart, respectively. It keeps things interesting! How...
February tax dates
Read More

February Tax Dates Small Businesses Need to Know About

Last month, I shared a list of January tax dates that should be on the radar of small businesses. This month, we’re taking a look at February tax deadlines, and you’ll notice it is a pretty light month all around. There are only a few significant days that businesses need to be aware of. We’ve...
Tax dates
Read More

5 Important January Tax Dates Small Businesses Need to Know About

The new year means a fresh start for small business, as well as knowing that the 2017 tax season is fast approaching. For small business owners, however, most months come with their own set of tax payment due dates. While it’s easy to accidentally miss a deadline, it’s never fun to pay the penalties that...