Before filing business taxes online, get ready by collecting income, expenses, payroll info, 1099s/W-2s, and last year’s tax return.

The current self employment tax rate is 15.3% of your net earnings. If your income is high you’ll also have to pay an additional 0.9% Medicare tax.

Bookkeepers maintain records of financial transactions. Recording income and expenses, handling invoices, balancing bank accounts, and verifying financial records

What Happens If You Get Audited and Don’t Have Receipts. it’s not the end of the world. While receipts are the best form of proof for deductions, there are still ways to verify your expenses

Health insurance costs are not just about the monthly amount you pay to keep your plan active. Individual plans can range from $300 to $600 per month, while family plans can go well beyond $1,500 per month.

small business CPA is a financial professional with expertise in handling accounting, tax, and financial planning. Explore why every small business needs a CPA

For the tax year 2024, the Foreign Earned Income Exclusion limit is $126,500, and it will maximum rise to $130,000 in 2025. Explore the benefits of the foreign housing exclusion or Deduction.

Learn the eligibility for the 2024-2025 Child Tax Credit and when to expect your refund. Get up to $2,000 per child, with $1,700 potentially refundable

In 2024, the standard deduction is $14,600 for singles, $29,200 for joint filers, and $21,900 for heads of household. For 2025, it’s $15,000 for singles, $30,000 for joint filers

Learn small business taxes, types, and deductions. Choosing the best structure for your business can help reduce income taxes and align with long-term goals.