Lili debuts Small Business Tax Readiness Report

Tax season isn’t generally an exciting time for very many people. For most of us, it gives us a sense of frustration, confusion, and stress. For small business owners, taxes are even more complex. Particularly for new small business owners who only recently left...

How to Write Off Car Expenses For Your Business

Cars play a crucial role for many small business owners, with many self-employed individuals using them for much more than a brief commute to the office. As a small business owner using your personal vehicle for work purposes, you may be eligible to write off your car...

How to Claim the Mileage Tax Deduction for Your Business

Among the many write-offs available to self-employed individuals and small business owners is the mileage tax deduction. Although similar mileage deductions are available for charity, medical use, or moving expenses, this tax write-off is largely used by those who...

Understanding PayPal 1099-K: New Reporting Rules

Business owners may receive payments for their goods and services through a variety of means, including third-party payment platforms like PayPal. In past years, some businesses have taken advantage of the IRS threshold for issuing 1099-K forms in order to avoid...

Independent Contractor Taxes: The 2023 Guide

Starting your own business means autonomy, freedom, and flexibility as you set the pace for your career. However, independent work is not as simple as it may seem–especially when it comes to filing taxes. In the absence of an employer who largely handles taxes and...