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Self Employment Tax Basics

Self-employment taxes are what I see as the most common cause of those surprise tax bills at the end of the year so I wanted to break them down a bit here.

If you own an unincorporated business, you likely pay at least three different federal taxes. In addition to federal income taxes, you must...

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New Mileage Rate for 2022

The IRS noticed that average gas prices across the United States exceeded $5.00 a gallon and took action.

Small businesses that qualify to use and do use the standard mileage rate can deduct 62.5 cents per business mile from July 1 through December 31, 2022. That’s up 4 cents a mile.

This...

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New FinCEN Filing Requirement

Do you own a corporation, limited liability company (LLC), limited partnership, limited liability partnership, limited liability limited partnership, or business trust? 

Or are you planning to form one of these entities?

If so, be alert. There’s a new federal filing requirement coming....

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Cryptocurrency Reporting

Have you invested a little or a lot in cryptocurrency? It's becoming a much more common way to not only build your investment portfolio, but also to buy and sell products and services electronically. If you have or plan to trade in crypto there are some things you should know about the tax...

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Choosing a Business Bank Account

Whether you’re just starting out or are looking for a more small business friendly account, there are certain features that are important when choosing a bank account. First though, you may have noticed that I specifically said “business” bank account. That is because whether...

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How To Green Your Finances

I see you out there, using your business for good! Sharing valuable information, working with brands that align with your values, and using your platform for impact. Did you know that you can also bring your finances into better alignment with your values? Read on for some tips on how to...

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