Ordering The Software Is Just The Beguinning. A curious thing happens once you buy Quickbooks, open the box and install the software. You’re all ready and eager to find out how to use the software, but you quickly realize that there are not any Quickbooks tutorials included! So, you sit there, maybe fiddle with the […]
People often want to know – can I deduct the expenses incurred from my hobby from my taxes? Now, I’m not saying you don’t have to pay taxes, but when you first start out, as much as you hope to make a good income, you aren’t sure that will happen. At the end of the […]
Self-employed individuals, unlike employees, don’t have someone withholding Social Security or Medicare (FICA) taxes along with pre-payments toward their federal (and state, where applicable) income tax from their wages during the year. They are not being paid a wage; instead, a self-employed individual must keep a set of books showing income and expenses associated with […]
The 4 Most Common IRS Tax Penalties and How to Avoid Them You know the old line about the inevitability of death and taxes? It’s still true. What isn’t inevitable, however, is the need to pay penalties to the IRS. It happens, but it doesn’t have to, and the main reason that it does […]
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