Small Business Income Tax Preparation – Guide to File Schedule Form C
The information provided in this article is for small business owners filing income tax returns on Schedule C with their personal tax return (Form 1040). It includes sole proprietors and single-member LLC, owners. Preparing and filing taxes is an overwhelming task. Many small business owners struggle to understand how their tax liability is determined. They […]
Self Employment Tax Deductions – Benefits of Being Self Employed
Paying taxes is overwhelming and a cumbersome task. If you are self-employed, then tax filing gets even more complicated. Fortunately, there are a number of self-employment tax deductions that you can claim to reduce the amount of taxes you owe in federal income taxes. Most people are more than happy with working for other people. […]