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Articles by: George Birrell

The Best Free Income Tax Estimators For The Self-Employed

Posted by & filed under Self Employed & 1099 Contractors.

We all know that paying taxes is part of being a functional member of society, but let’s be honest: taxes can be incredibly complicated. Tax laws also consistently change, and many organizations in various industries and sectors are always figuring out how to take advantage of new credits, deductions, and loopholes. How about self-employed individuals… Read more »

How Much Does It Cost To Hire A CPA?

Posted by & filed under Taxes.

Nobody like paying taxes, and if you run a business, you sure don’t want to pay more taxes than necessary. But it can seem like a balancing act trying to decide who should do your taxes. A mistake could mean giving the IRS thousands of dollars you could have put back into your business. It… Read more »

Can I Write Off My Education As A Business Expense?

Posted by & filed under Can I Deduct?.

Many people refer to education as “the best investment that you’ll ever make.” There is no doubt that education has played an important role in many successful careers. Education can help guide you towards a successful career. Education can also open up some incredible networking opportunities. Education can be quite expensive, as well. If you… Read more »

Do Independent Contractors Qualify for QBI?

Posted by & filed under Self Employed & 1099 Contractors.

What is Qualified Business Income? “QBI” is short for “Qualified Business Income.” The term matters for thousands of businesses and freelancers because the 2017 Tax Cuts and Jobs Act allows non-corporate taxpayers to take a 20% deduction from their taxable business income if they qualify, which begs the question; do independent contractors qualify for qbi?… Read more »

Can Businesses Deduct Donated Services?

Posted by & filed under Can I Deduct?.

  Savvy business owners know that every expense should be meticulously tracked so each payment can be properly accounted for at tax time. Virtually every dollar of expenditures can be used to offset your income, which decreases your company’s income tax obligations. Ensuring you are properly tracking costs will help you take full advantage of… Read more »